That's cheap as fuck. Sounds like you can't afford it.
Lower your budget and expectations if you cant afford $500/mo on a car. For example, consider the Chevy Bolt 1LT at around $29k (before $7.5k federal tax credit); if you cant do that, then consider a used EV, like a 2015 Nissan Leaf for like $12k (before $4k federal tax credit).
Lower your budget and expectations if you cant afford $500/mo on a car. For example, consider the Chevy Bolt 1LT at around $29k (before $7.5k federal tax credit); if you cant do that, then consider a used EV, like a 2015 Nissan Leaf for like $12k (before $4k federal tax credit).As a last resort, consider extending your loan term from the standard 36 months to 48 or 60 months; dont go over 60 months, no matter what your dealer says.
Most used EVs are crap, no offense, because they came out before the technology started to really take off.I mean youre buying a $8k car (after tax incentives); of course its going to be crap.
500 a month is pretty tight and idk why people think it's not.They're a troll, one of those people who claims that they're in the top 1% and if you aren't there then it's your fault.
The most I've ever paid per month is 440 and while more than doable still made me step back and really consider my spending.
500 a month is what a lot of people paid in gas before the EV
Never really researched electric cars, do they hold value or are they just useless after some years?Ive owned two EVs and sold both of them for a huge net profit due to market conditions and the federal tax credits (i.e., it was luck). I now own a plug-in hybrid, which, imo, is the best of both worlds.
And how's the maintenance? Is it still cheap until something breaks and then you're completely fucked?
I have to ask why they were spending that much per month on gas. All of my vehicles (none of which have been hybrids or EVs) have at most usually been like $200 a month in gas, even during the highest gas prices we've seen. Spending that much on gas tells me these people are on-the-go much more than they should be and weren't planning their days/routes very well (and/or were using absolutely gas-guzzling machines, which usually come with a higher price tag as well besides the gas).
500 a month is pretty tight and idk why people think it's not.
give me a break man, idfk
Idk who you are to say where ppl should and shouldnt be going. Housing is so expensice in the cities some ppl have to move farther out, and commute farther, some ppl might go camping,
please please please I am nothere to think of every reason someone might drive, just so you can think your are refuting them because you watched a couple vox videos
Ive owned two EVs and sold both of them for a huge net profit due to market conditions and the federal tax credits (i.e., it was luck). I now own a plug-in hybrid, which, imo, is the best of both worlds.
No oil changes or anything like that.
Unless you are only financing for 2-3 years, your payment on a 25K car is NOT $500.Try some calculators out for yourself if you don't believe me.
C'mon...make this believable at least.
Your cars are paid off. Whats wrong with them thats making you want to go get a payment?Nothing wrong with them, they're just old and I have an itch to try something new.
Yeah, I'd definitely rather go the hybrid route.
Try some calculators out for yourself if you don't believe me.
All cars are insanely expensive rnThis. Dealers be adding 10k markups so even a civic costs 40k.
I love my hybrid. I pay half the gas cost than I did for my Terrain and get the same mileage per tank.
Try some calculators out for yourself if you don't believe me.
Since I have been looking to buy myself...I have. Any financing 5 years or more on a 25K car puts you in the $300-$350 range if not lower. You tried to exaggerate and got caught. Deal with it.I mean... it's pretty easy: $25,000 / $500 per month = 50 months, assuming no interest at all. So the OP is probably already looking at a 60 month loan with interest, since car loans now are pretty high and are no longer 0% / free.
Since I have been looking to buy myself...I have. Any financing 5 years or more on a 25K car puts you in the $300-$350 range if not lower. You tried to exaggerate and got caught. Deal with it.
As long as you buy one that won't be recalled think of it as an investment.GM recalls entire EV lineup for 2 years and warns not to park near buildings bc they explode. We sleep.
So don't get a Tesla.
Would you mind posting the rates you've been going off of and what corresponding credit scores? After all, those are important factors in the financing.I don't know why you even need Sandalorn to provide you numbers, because what he's saying is completely false. $300 * 60 = $18k, $350 * 60 = $21k. Both of these numbers are not $25k.
I don't disagree with you that TC was most likely exaggerating, but if we are going to be empirical about things, might as well go all the way and mention what both of you were using as assumptions.
Since I have been looking to buy myself...I have. Any financing 5 years or more on a 25K car puts you in the $300-$350 range if not lower. You tried to exaggerate and got caught. Deal with it.I didn't get caught at all, I can show you exactly what I'm looking at and that's even with a 3.9% interest rate with an absurdly long pay off length.
Since I have been looking to buy myself...I have. Any financing 5 years or more on a 25K car puts you in the $300-$350 range if not lower. You tried to exaggerate and got caught. Deal with it.$350 * 60 = $21,000
I have to ask why they were spending that much per month on gas. All of my vehicles (none of which have been hybrids or EVs) have at most usually been like $200 a month in gas, even during the highest gas prices we've seen. Spending that much on gas tells me these people are on-the-go much more than they should be and weren't planning their days/routes very well (and/or were using absolutely gas-guzzling machines, which usually come with a higher price tag as well besides the gas).I can believe it. When gas prices were high, I was spending close to $80 a week on gas and my car is a Honda Accord that gets 28mpg on average in the city. Someone that commutes using an SUV or Pickup could absolutely hit $500 a month out here.
https://gamefaqs.gamespot.com/a/forum/9/95f0a8dd.png84 months?! Bro, no. Don't do that.
That calculation was a few thousand higher than I originally reported, but the rate remains the same, it's still very high.
The only thing that is not clear from many of the dealership websites is whether they factor the $7,500 EV rebate into the MSRP or not, obviously that also changes the math a bit.
Also you know a lot of replacement batteries for these EVs are like $40,000-$60,000+? Insane.
https://youtu.be/dr3mFzh0KSk
Batteries don't last forever.. just ask any laptop.
Everyone is buying into these but also relying on future tech for better batteries that doesn't exist yet.
I didn't get caught at all, I can show you exactly what I'm looking at and that's even with a 3.9% interest rate with an absurdly long pay off length.
84 months?! Bro, no. Don't do that.lmao yeah of course I'm not going to do 84 months, but of course if I shrink the term the payments get worse.
I can believe it. When gas prices were high, I was spending close to $80 a week on gas and my car is a Honda Accord that gets 28mpg on average in the city. Someone that commutes using an SUV or Pickup could absolutely hit $500 a month out here.
500 a month is pretty tight and idk why people think it's not.
The most I've ever paid per month is 440 and while more than doable still made me step back and really consider my spending.
Mind me asking where you live?I live in Los Angeles, so our peak was a little over $6 per gallon. My commute to work was about 170-180 miles per week, plus another 5-10 miles per day going to lunch. So let's average that and say 212 miles per week. I was also going out on multiple dates per week, and I tried to be open minded about distance, so that added a lot of miles some weeks. The furthest date I had was about 112 miles there and back. Another one was about 80 miles round trip.
Also, why $80 a week? Let's say gas was $5 per gallon when gas prices were high. At 28 mpg on average, you would have had to have been driving 448 miles every single week to spend $80 in gas a week. That's a lot of miles. That's pretty much a round trip of NYC to Washington, DC. Even if we bump it up to $10 per gallon, at 28 mpg, that's still 224 miles a week. That just seems like an excessive amount of driving per week, from my perspective, and is more of a lifestyle choice, I believe.
I live in Los Angeles, so our peak was a little over $6 per gallon. My commute to work was about 170-180 miles per week, plus another 5-10 miles per day going to lunch. So let's average that and say 212 miles per week. I was also going out on multiple dates per week, and I tried to be open minded about distance, so that added a lot of miles some weeks. The furthest date I had was about 112 miles there and back. Another one was about 80 miles round trip.
I'm not saying I hit $80 constantly, but I definitely reached that a few times. It's much lower now though. My girlfriend lives 23 miles away and sometimes she drives, sometimes I drive.