Why lease vs. finance or buy outright
Financial question for all you EV veterans out there. We're ready to swap one of our ICE vehicles for our very first EV. So much to learn! We are seriously considering the R2 after two fun demo drives (if we can get over the reliability fears and insurance costs). I've noticed a lot of folks talk about leasing EVs, and I'm genuinely curious why leasing appears to be so common in this space.
My parents taught me that leasing is throwing your money away and forever chasing the next lease. Obviously this (possibly old school) advice is based on fairly predictable depreciation curves of legacy brand gas cars. I've always financed or paid cash for my cars and kept them as long as possible.
With the federal EV tax credit out of the picture, are there other strategies that make leasing a better move than financing or paying cash? Or is it purely a luxury for those that can afford it to lease vs. buy to avoid owning an out of warranty car with risky reliability and steep depreciation?
Posted Aug 12, 2026, 8:23 PM UTC