Is leasing a more practical choice than purchasing it?

[ChloeCritter26]

Hi guys I’m new to the EV world. Was thinking about just leasing the ID.7 since I don’t have that much trust yet about EVs. Do you guys think it’s practical?

 

[death_defier]

Hi guys I’m new to the EV world. Was thinking about just leasing the ID.7 since I don’t have that much trust yet about EVs. Do you guys think it’s practical?

Hey man, leasing the ID.7 can be considered as a good option but there are downsides with just leasing the vehicle. Leasing the car doesn't let you build equity on it and you wont have the freedom to customize it however you want. It costs less to lease, so I think it is quite practical to do that.

 

[Dino_Dinero]

Leasing makes sense though if you don't qualify for the tax credit, especially if the lease allows you to purchase the car at the end.