Comment Re:Even 200 miles of range means that you... (Score 1) 318
The interesting part is if you do a lease, as those credits/incentives can be claimed too.
The $7500 federal tax credit gets claimed by the dealer on a lease, but they apply it as a downpayment.
This is how you can get a Chevy spark EV for $139/month with $0 down on a 39 months lease.
And if you leave in CA, you also get the $2500 state incentive, which brings the cost down to $75/month for the life of the lease.
This is for a new car.
As long as these federal and state incentives continue, you could just lease a new one every 39 months for this price.
Your total cost for three 39-month leases would be $8775 and you would get to have 3 new cars over 10 years (9 years and 9 months actually).
The Leaf S will still cost you more on a lease. I haven't test driven the Spark EV. It is not available in many states, whereas the Leaf is.