Automakers are offering steep discounts on electric vehicles, and especially on leases. In the first three months of 2024, less than a quarter of car buyers leased vehicles, but more than a third of EV buyers did. By May, nearly 70% of customers getting EVs through dealerships were leased. But EV leasing is problematic for carmakers. While the discounts suggest automakers could be offsetting losses in their EV businesses, the resale values are especially low for them.
Chapters:
00:57 Title card: Why EVs have a leasing problem
01:04 Chapter 1: Leasing and EVs
02:54 Chapter 2: Consumers and leasing
06:10 Chapter 3: Automakers and leasing
10:02 Chapter 4: Future of EV leasing
Producer: Robert Ferris
Editor: Darren Geeter
Animation: Christina Locopo
Senior Managing Producer: Tala Hadavi
Additional footage: Getty Images, Rivian, Tesla, Ford, GM, Hyundai, Polestar
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Why EV Leases Are So Cheap Right Now In The U.S.
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Markups from dealerships are still insane and not much talked about
4:40 nice glimpse of Out of Spec Reviews 🙂
OH NO!!!! Prices going down??? Nononononononooooo, what will we do! Oh nooooooo.
You have to be really stupid to think that these discounts are real. THEY WILL NEVER PLAY TO LOSE, YOU CAN BE SURE OF THAT!
Spoiler: Lack of demand, the product nobody asked for.
stop making expensive ass ev's…… there should be an entry level 20k truck an 20k car…. for the little people, or non rich if you wanna make a change………………..
Lease it and sale insurance so take back the lost help tesla recover cost
The problem is BEV last on average maybe 10 years where ICEV last on average maybe 20 years. So of course they are going to depreciate much faster.
Donald Trump 😁
EV demand has always been artificial
I’d never buy an EV, but I certainly wouldn’t finance one to last more than 7 years at the most. I would just be way too nervous about the range you’d lose after the that. Wouldn’t make it very useful for traveling outside the distance to your local grocery store.
A new 300mi EV might become a 200mi EV after 7 years. (Deduct another 100 miles in winter just for using heat)
its because lease companies can get subsides that individuals cant qualify for its basically a scam
the numbers they are giving for the monthly payment prices are for Excellent customer credit.
This is a win, win, win, win…
Win for consumers, low price vehicles, and plenty of low price used vehicles to choose from after leases turned in.
Win for all the workers at these auto companies and parts suppliers who were paid for their labor building them.
Win for auto companies. Moving more metal out the door always better than not. If they build with good quality, only increases goodwill with buyers and public.
Win for environment, far less c02 released over vehicle life
Only vehicle I ever purchased was my first, a new 86 Mercury Lynx.
Traded it in in 89 for a Mercury Topaz lease. Been leasing ever since.
If they’re losing money they wouldn’t leased a cars 😮 this is wrong media 😂
Back in 2016 I was leasing a 2016 Vw Passat with no money down for $550 a month for a Msrp of $26K I think that’s a lot of money .
Leasing a cars is like paying for it triples 😂 buy is better but they cost too much nowadays 😮
I leased before and if you don't buy it out you spent all that money and walk away with nothing. like rent thousands gone and you own nothing
I am seeing this video after Google showed me an article where Hyundai dropped the lease price of an Ioniq N $200 a month. For the eye watering price of $30,000 you can have a car that needs to be returned in 3 years.
Ev and lease ❤