I’m paying $575 for the PHEV Premium Plus with no money down. It’s a 10k miles per year lease for 36 months. I have the same color combination you mentioned: white with red interior.
River said:
I’m paying $575 for the PHEV Premium Plus with no money down. It’s a 10k miles per year lease for 36 months. I have the same color combination you mentioned: white with red interior.
That sounds similar to my deal once I negotiate. I heard the PHEV might still have a $7,500 rebate, which would help a lot with leasing. I’m not interested in an electric vehicle, but good luck with yours!
Electric vehicles have more power and torque, faster throttle response, and fewer moving parts, which means less maintenance. No oil changes, no transmission flushes, and the brakes last longer thanks to regenerative braking.
I know some people need a hybrid instead of a pure electric vehicle, and that’s fine. But overall, electric vehicles have lower ownership costs and higher reliability compared to gas engines. Most people who don’t like them haven’t tried driving one.
You need to specify if it’s ‘no money down’ or ‘no money out of pocket.’
‘No money down’ usually means you’re not putting extra money towards the car’s principal. But you’ll still have to pay taxes and fees, which could be thousands.
‘No money out of pocket’ usually means you’re paying the first payment and driving away.
People understand simple loans, but not automotive leasing. The person who posted this doesn’t list a money factor, probably wasn’t given one. Would you take out a loan without knowing the interest rate? Most dealers, once they know you’re leasing, will adjust the monthly payment by changing the out-the-door price and the money factor. I bet the person who posted this doesn’t know either.