Well, for better or worse, I pulled the trigger on buying my 2015 rex. I was in a 30 month lease, and I was able to work a purchase price of $23,500 (tax included) which included 5 year CPO and 4 new tires as a result, as well as .9% financing for 60 months. My car is loaded with an original sticker price of $54,000 and it has 18,000 miles. I think the deal was decent.
The CPO warranty will take me two years out from today. I was also considering leasing a new 330e, but doing the math, if my rex only lasts me 3 more years I will still come out ahead vs leasing the 330e. I am hopeful that the car will have minimal problems during the next 3 years, and if it does have problems I'll keep my fingers crossed that they happen under warranty!
If the car is still worth $7K-$8K three years from now I'll be happy. While I like the car, I don't love it, and really wish the ride quality and noise level were better. One of the main factors for me in wanting to keep it is that the car is grandfatehred into our HOV exemption where I live. Had I given the car up, I would likely never qualify for the exemption again even if buying a new i3 or PHEV. The toll savings virtually cover the entire depreciation expense on the car.
My economics look like this:
MSRP: $54,000
Down Payment on Lease: $1,680 (inclusive of sales tax and acquisition fee) +
30 Monthly Payments: $7,470 +
Lease End Buyout: $23,500 including sales tax =
Total: $32,650 which includes a free set of tires and 1 year extra warranty on the CPO
Still not a cheap car, but not a bad deal if I can get three more years out of it. I'll share my experiecnes on this forum as the car ages!
The CPO warranty will take me two years out from today. I was also considering leasing a new 330e, but doing the math, if my rex only lasts me 3 more years I will still come out ahead vs leasing the 330e. I am hopeful that the car will have minimal problems during the next 3 years, and if it does have problems I'll keep my fingers crossed that they happen under warranty!
If the car is still worth $7K-$8K three years from now I'll be happy. While I like the car, I don't love it, and really wish the ride quality and noise level were better. One of the main factors for me in wanting to keep it is that the car is grandfatehred into our HOV exemption where I live. Had I given the car up, I would likely never qualify for the exemption again even if buying a new i3 or PHEV. The toll savings virtually cover the entire depreciation expense on the car.
My economics look like this:
MSRP: $54,000
Down Payment on Lease: $1,680 (inclusive of sales tax and acquisition fee) +
30 Monthly Payments: $7,470 +
Lease End Buyout: $23,500 including sales tax =
Total: $32,650 which includes a free set of tires and 1 year extra warranty on the CPO
Still not a cheap car, but not a bad deal if I can get three more years out of it. I'll share my experiecnes on this forum as the car ages!