The Wrangler 4XE is the best lease deal on the market
Jeep has been very aggressive in its discounting of Sport and Sahara trims of the Wrangler to start the year, and we are seeing lease deals as low as $260/month before taxes for cars with MSRPs in the $55,000 and up range. This is a great opportunity to take advantage of incentives and federal rebates to get a great deal on a Wrangler lease
Luxury EV Sedans are Depreciating Fast
It seems like luxury EV sedans have a serious depreciation problem. When looking at the Lucid Air, Tesla S Plaid, or the Mercedes EQS - all those models suffer from over 30% depreciation in their first year. This provides a great opportunity for buyers looking to get one of these models on the used car market for a bargain over their list price. Let's dive deeper into what kind of deals you can expect on luxury EV sedans.
The Hummer EV is not going to be a good deal anytime soon
If you are looking to buy a Hummer EV, you will most likely be paying above MSRP for at least the remainder of the year. As EV production is ramping up and EV prices are dropping, the Hummer seems to stand out as one of the few EVs that is unable to scale production or see dealer markups go away. Lets find out why the Hummer EV is not getting any cheaper.
Does it Make Sense to Buy a Used Electric Car?
At a glance, there are over 21,000 used electric cars for sale in the US right now that are newer than 7 years old (typical age to let you qualify for a car loan), but is it worth buying them? I took a look at used EVs available for sale for under $25,000 and believe if you are looking for a car with more than 100 mile range, it is not worth it buying a used EV. Lets dive into why:
Why are there so many used Rivians available for sale?
Over the past few months I have been closely following the market for used Rivian SUVs and pick up trucks and I am starting to notice an interesting trend. Prices seem to be falling rapidly, and inventory is growing quickly. This raises a lot of questions, as the company did not start delivering any meaningful amount of cars until 2022. That means, people are getting out of their cars quickly and are willing to take a loss on the price they paid. Let's dive in a bit more:
Why are Grand Cherokee 4XE so expensive to lease?
I was recently looking at some pricing on leasing the brand new plug in Jeep Grand Cherokee and was surprised to see that most cars are leasing in the 700s, even after the $7,500 federal rebate, so I wanted to know - why are they so expensive?