Hi,
I am trying to convince myself that the RAV4 EV is a good financial decision. Please help!
Assuming (after contacting several Toyota dealer), I can obtain the 'unlimited lease with no money down'.
I believe the lease cost is about $500/month + $1500 for charger. For 3 years, the total spent ~ $20000
We have 2 cars and the EV would only replace 1 car, assuming other than daily commute the furthest guy gets the EV and all weekend drivings on the EV, I looked at my comparison:
VW TDI (drove approx 90,000 miles in 5 years)
36 MPG actual mileage, $4.00/gallon Diesel = total fuel cost for 90K = $10000
Oil change etc regular maintenance = $70/oil change * 9 + transmission flush x 2 etc = $1200
New car with tax OTD = $32000
Current KBB private party price = $14000
Total cost of owner ship for 5 years @ 90K miles = $29200
Compare the above with RAV4 EV, Total cost for 3 years = $20000. It seems no savings over gas/diesel car. I am simply getting the benefit of HOV sticker and being Green.
Also, I am assuming that the RAV4 EV costs the same to insure but if the value of the car is tied to Insurance cost, I will suppose I may pay more for insurance.
Please comment on my math above and is there anything I am not counting in?
The Honda FIT EV $259 lease is much better deal, but it's nearly impossible to get it.
I am trying to convince myself that the RAV4 EV is a good financial decision. Please help!
Assuming (after contacting several Toyota dealer), I can obtain the 'unlimited lease with no money down'.
I believe the lease cost is about $500/month + $1500 for charger. For 3 years, the total spent ~ $20000
We have 2 cars and the EV would only replace 1 car, assuming other than daily commute the furthest guy gets the EV and all weekend drivings on the EV, I looked at my comparison:
VW TDI (drove approx 90,000 miles in 5 years)
36 MPG actual mileage, $4.00/gallon Diesel = total fuel cost for 90K = $10000
Oil change etc regular maintenance = $70/oil change * 9 + transmission flush x 2 etc = $1200
New car with tax OTD = $32000
Current KBB private party price = $14000
Total cost of owner ship for 5 years @ 90K miles = $29200
Compare the above with RAV4 EV, Total cost for 3 years = $20000. It seems no savings over gas/diesel car. I am simply getting the benefit of HOV sticker and being Green.
Also, I am assuming that the RAV4 EV costs the same to insure but if the value of the car is tied to Insurance cost, I will suppose I may pay more for insurance.
Please comment on my math above and is there anything I am not counting in?
The Honda FIT EV $259 lease is much better deal, but it's nearly impossible to get it.