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  1. #1
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    Anybody have a Volt?

    My wife is considering a lease on one. We have never leased a vehicle before. But with the new technology, and not knowing what resale will be on one, we are taking the least risk. She is selling or trading in her 2001 Ford Explorer Sport Trac. She's nervous about being lower to the ground.

    We took one for a test drive and I was really impressed. Other than the back seat space, it's a pretty awesome vehicle.


    Better to remain silent and be thought a fool than to speak and to remove all doubt. Abraham Lincoln's version of Proverbs 17:28

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    Re: Anybody have a Volt?

    Quote Originally Posted by stateofmind View Post
    My wife is considering a lease on one. We have never leased a vehicle before. But with the new technology, and not knowing what resale will be on one, we are taking the least risk. She is selling or trading in her 2001 Ford Explorer Sport Trac. She's nervous about being lower to the ground.

    We took one for a test drive and I was really impressed. Other than the back seat space, it's a pretty awesome vehicle.
    Get a Tesla!!!



  3. #3
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    Re: Anybody have a Volt?

    I would think the resale could be lower than you'd like if the technology advances significantly.



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    Re: Anybody have a Volt?

    Quote Originally Posted by Cyclonepride View Post
    I would think the resale could be lower than you'd like if the technology advances significantly.
    Hence the lease.


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  5. #5
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    Re: Anybody have a Volt?

    Quote Originally Posted by CloneLawman View Post
    Get a Tesla!!!
    $40 for a rolling battery is enough. Don't think I want to swing $80-$100K for a black and decker.


    Better to remain silent and be thought a fool than to speak and to remove all doubt. Abraham Lincoln's version of Proverbs 17:28

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    Re: Anybody have a Volt?

    No vehicle is worth a lease.



  7. #7
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    Re: Anybody have a Volt?

    Quote Originally Posted by stateofmind View Post
    Hence the lease.
    And I thought reading for comprehension would never be a valuable skill



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    Re: Anybody have a Volt?

    Quote Originally Posted by stateofmind View Post
    My wife is considering a lease on one. We have never leased a vehicle before. But with the new technology, and not knowing what resale will be on one, we are taking the least risk. She is selling or trading in her 2001 Ford Explorer Sport Trac. She's nervous about being lower to the ground.

    We took one for a test drive and I was really impressed. Other than the back seat space, it's a pretty awesome vehicle.
    Leasing is the most expensive way to operate a vehicle. The Volt itself has a 26 year packback period. If you hate money this sounds like a great idea.



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    Re: Anybody have a Volt?

    Quote Originally Posted by Cyclonepride View Post
    And I thought reading for comprehension would never be a valuable skill
    It wasn't even in Spanish.




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    Re: Anybody have a Volt?

    Quote Originally Posted by CYphyllis View Post
    No vehicle is worth a lease.
    Wrong wrong wrong.


    wrong.



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    Re: Anybody have a Volt?

    My parents own a Chevy Volt. They regret it. They thought they were going to get all of this savings in their budget by not buying gas all the time. What they save on gas they now spend on their electric bill... and more.

    I'm not going to get into the "lease or buy" discussion, but if you're looking to save on how much you spend on gas, stick with the hybrids. It's now a proven technology and there are so many more options than the stereotypical hybrid car now. For instance, the Ford Fusion hybrid is supposed to be an outstanding car.


    "That's what I do. I drink, and I know things." - Tyrion Lannister

    "Success is just failure that hasn't happened yet." - life advice from Latrell Spreewell


  12. #12
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    Re: Anybody have a Volt?

    Quote Originally Posted by 3TrueFans View Post
    It wasn't even in Spanish.
    If it was written in smart ***, I would have understood it completely, because I get a lot of practice at reading that.



  13. #13
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    Re: Anybody have a Volt?

    Quote Originally Posted by JWIL4CY View Post
    Leasing is the most expensive way to operate a vehicle. The Volt itself has a 26 year packback period. If you hate money this sounds like a great idea.
    Explain your logic to me if you would. We are looking to pay $179/mo for the car for three years. It will cost me $4800 in down payment, tax, title and license. So my payment would be roughly $312/mo on a $40,000 MSRP.

    My Sierra cost $46,000, on a 6 year note. I think it's $585/mo. After three years of paying for my truck, I will have paid $21,000. After three years of paying on the lease I will have paid $11,232. I would still have my truck, and it's 3-year, 36,000 mile worth is at best $30,000. So I've paid $21,000, could sell for $30,000, which leaves me with paying $12,000 and have no vehicle at the end.

    Volt, $11,232, Sierra, $12,000. The Sierra is a proven truck with a good history. Who knows what the Volt would be worth. What am I missing in this?

    So, going into this I thought leasing was a waste of money, but after crunching the numbers I just don't see it.


    Better to remain silent and be thought a fool than to speak and to remove all doubt. Abraham Lincoln's version of Proverbs 17:28

  14. #14
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    Re: Anybody have a Volt?

    Quote Originally Posted by bringmagicback View Post
    Wrong wrong wrong.


    wrong.
    I'm guessing someone allowed a salesman to dupe them into a lease and refuses to acknowledge that they got worked. A lease is an excellent financial vehicle if you're looking to burn your finances to the ground.



  15. #15
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    Re: Anybody have a Volt?

    Quote Originally Posted by jdoggivjc View Post
    My parents own a Chevy Volt. They regret it. They thought they were going to get all of this savings in their budget by not buying gas all the time. What they save on gas they now spend on their electric bill... and more.

    I'm not going to get into the "lease or buy" discussion, but if you're looking to save on how much you spend on gas, stick with the hybrids. It's now a proven technology and there are so many more options than the stereotypical hybrid car now. For instance, the Ford Fusion hybrid is supposed to be an outstanding car.
    We aren't looking at the fuel savings as a huge added bonus, but these are the things I'm looking to find out. She drives about three miles to and from work. Her vehicle gets around 15 mpg, mine gets around 16. "They" say it costs roughly $1.60 a day if you charge it at home on the standard charger. Many places that we park are offering chargers for free, so we would try and take advantage of that. Again, they say if you use the generator you are looking at roughly 40 mpg. So, 25 mpg savings at $3.50/gallon seems to be significant. But I wasn't looking at that for a savings or a big reason to buy. I like the look and the drive, I like the thought of reducing oil dependency a little, and the gas mileage is a plus.


    Last edited by stateofmind; 06-13-2013 at 02:34 PM.
    Better to remain silent and be thought a fool than to speak and to remove all doubt. Abraham Lincoln's version of Proverbs 17:28

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