Re: Buying, Owning, Driving and Maintaining a car in North America Quote:
Originally Posted by vineethvazhayil You charge overnight, I suppose - is that considered off peak in your electric supply vendors terms? If there are a lot of electric cars, I can see the off peak hours changing in the future. You are in CA right, what sort of incentives does the Volt still offer? Do the incentives vary between lease and buy? The Bolt is also launching in CA first, would be interesting to see how that goes in Tesla heartland.
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I do charge overnight at 110v, 12 amps. Usually takes around 11-12 hours for full charge. My plan is tier-based. There are three levels based on cost of electricity. PGE provides multiple options like time based plan in which highest cost is between 3 pm - 7 pm and lower cost at other times, another is EV specific plan in which its lowest during the night from 10 pm - 7 pm but higher during the day.
Good thing is, PGE estimates my yearly cost for all plans based on my last year usage and in that sticking to tiered plan seems to save about $10/mo. But i have to monitor since usage will increase at night because of which i may switch to time base plan.
Incentives is same from State regardless of lease or buy. One gets $1500 in rebate from California for plug-ins and $2500 for electrics. Effective Nov 1 though, change is coming wherein single income should be $150k or less and combined income should be $300k or less to qualify for these rebates. And for those who has less than $70k income are eligible for more discounts to the tune of $4500.
More info here: https://cleanvehiclerebate.org/eng/income-eligibility
But incentives and discounts vary a lot from dealer and manufacturer when leasing and buying.
For example, if i was gonna lease Q50 3.0 premium, i would have got discount of $9500. If i was gonna buy it, discount would have been $5500. That's because Infiniti provides lease cash/incentives that are tacked on to dealer discount (Shown to me by manager).
Reverse case for volt, in which lease cost me $31k while buying would have cost me $29500. But i would have taken a huge hit when selling it in future as residuals of volt or any hybrid/electric vehicles is absurdly low. Think $10k-$13k after 3 years for volt. For on-road price of $33k - $9k in incentives from Federal and State for volt, i would have paid about $10k-$11k to own the volt while i will lease it for $7700 for 3 years. And this is at 0.99% APR. Quote:
Originally Posted by Technocrat Congratulations, interesting choice indeed & thanks for sharing the decision process. I am surprised to see lower monthly payment for Q50 vs TLX, were they specced equally?
Was getting 4 door a must? I mean you could have gone for the Turbo Camaro or Mustang as well which also return great mileage |
Thanks! Interesting choice indeed. I am still surprised i chose something like this over a performance car.
Q50 was 3.0tt premium while Acura TLX was v6 AWD Tech package. MSRP for Q50 was $43k while TLX was $42500. Q50 had discount of $9500 while TLX only had discount of $5k. That is why the difference in monthly payment.
I did push Infi dealer a lot more as i was almost certainly gonna buy it. If not for difference of $150/mo and high insurance premium, i may have been in another Infi. Didn't really pursue Acura dealer a whole lot more because i was sure he wasn't gonna reduce it by $100/mo or so.
Yes, 4 door was a must. Didn't consider any coupes since car seat would be a tight fit. I tried once with Q60 in showroom while waiting to test drive Q50, we weren't pleased. Wonder how bad it would have been with camaro. FE wise, neither Q50 or Camaro would have matched what i am getting with Volt.
Last edited by chevelle : 27th October 2016 at 00:45.
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