Well.. I did the math and for no more than we are going to use the Volt over the next 3 years, a lease was perfect. If one looks at the total out of pocket for 36 months, a loaded 44,695 msrp with taxes of about 2700 in Texas means 550 a month or less averaged after down payment interest, etc.. So, less than $20k and we can move on to the latest version. Perhaps it would be worth more than the estimated value and a purchase at that time might be a good idea, but it almost never is... so to each their own. We would not have seen the tax credit anyway as we don't have that kind of tax liability. Now, if it was a REBATE, then we would have purchased.
Paul (Cari's husband)
[QUOTE=marlow;66764]From todays Detroit Free Press
Autodata reports that GM sold 1,210 volts in the U.S. the first quarter of this year.
GMs' Director of vehicle line for the Volt, Tony Posawatz, reports that a sample of their early Volt customers were driving 1,000 miles before their first gas stop. Also that the demand for the Volt is very, very high.
Mark Phelans' review of the new Electric Smart Fortwo is titled "Not Such a Smart Idea". It is currently only available for lease at $599/ month with $2,500 down, for 48 months. Two passenger with a max speed of 64 MPH (down hill), average range 63 miles/ charge, 12 hours for a full charge from 120 volt line, rear wheel drive. But you can get a convertable version for $649/ month with the same specs. The only expect to sell 250 total this year.QUOTE]
If you start with a $44,695 with $5,000 down, a ARP of 3.87% x 6 years, your monthly payment is $620, so the difference between a lease and a purchase is between $21 to $70 per month.
Well, it is really depending on personal preference. If you plan to always drive new cars, then lease is the option to spend your $20,000, nearly half the price (44.7%).