[Martinjlm]

Originally Posted by Martinjlm

That's true for people who buy. For people who lease, the residual value is more important than the actual sales price. The residual value (assigned vehicle value at end of the lease period) is how manufacturers build all of these "can't ignore" deals for vehicles, both ICE and EV. That's how Dodge moved so many 5.7L Chargers and Challengers, at least in the Detroit area, back in 2018 - 2021. "Hemi" Challengers for $219 / month. No wonder they were everywhere. It all comes down to how much down payment for how many months and how many miles.

Which would you rather have...

• A Midsized crossover EV with 319 mile range for $46,500.
• A Midsize crossover for $0 down, $332/month, 20,000 miles allowed for 24 months.

What if I tell you they are the exact same vehicle? GM gamed the residual value for the finance company that offered the lease. Even if I wanted to buy the car day 1, leasing it made so much more sense. Then if I want to buy it at the end of the lease I can. Or I can turn it in and move on.

Originally Posted by Devstrike

This is actually good however, how many people actually know about this?

I would expect that anyone in the market for a new vehicle that spends any time with a good sales person would be made aware. In my case, my Chevrolet dealer called me and said, literally..."What do you think about $0 down / $300 a month for a 24 month lease?" When I asked him "on what" he said "your choice...Blazer EV or Equinox EV". I know a few other people in my circle who made similar deals around the same time with different dealerships. Two of them are in my Camaro Club. They make a great vehicle to drive when you're not driving your Camaro.

My best lease deal ever was $69 / month on a Chevrolet Cruze. Came around right about the time my kids were in high school and we needed an "extra car" for them to drive to school and sports practices.