Posted on 06/29/2022 8:36:50 AM PDT by Governor Dinwiddie
Ford mantra:
Found On Road Dead
or
Fix Or Repair Daily
Nothing new under the sun.
Subscription based?
Beat me to it.
Most likely there are backdoor subsidies involved. Govt has to eat these Li-ion batteries. Wrongheaded from the start.
That's what my wife and I are doing. And with a large solar system on the house I worry a lot less about the Dims messing up the electrical grid.
I think this has more to do with no buying your leased Ford EV, only resale market will be Ford. Ford wants to prevent their dealerships from dealing in EV's. This action would close the loop. Ford most likely will recycle or rebuild the battery pack on the used EV's in order to successfully resell the car again. Nothing like a factory warranty on a used EV's battery pack!
Sounds like “Brawndo”.
Never have owned a ford much less a battery operated one......like needed another reason to own neither.
Around 93 I got talked into a lease. Hated every minute of knowing I got screwed. After a year into the lease, vehicle got totaled in a hail storm. Called the leasing firm and told them where THEIR car was. Representative on phone asked what value was my insurance company putting on the vehicle. I told him. His comment, well, you wont get hurt too bad. I said I have the lease in front of me, and clause number 58 says you will accept the insurance payout for damages by act of God. Hail comes from heaven so it is yours, fully paid for. He asked is that clause still in the lease? I said, well, I sure did not put it into the document that has 60 other clauses in your favor. BTW, the towing company begins charging you storage as of tomorrow. Good day.
That was last lease and I now only own and that I do on a very long term basis as my current car is 13yo.
Seems to me that this is a way of Ford admitting that their electric cars, like old PC’s, will not be supported for very long.
File this under: risk management.
I wouldn’t lease or own an EV, even at gunpoint.
Perhaps.
But I think it's more likely that it's the next step toward owning nothing and being happy about it.
Pick up your cell phone, and arrange for your automated, Big Government and Big Auto owned EV, to take you to your destination.
Happy Big Auto, happy Big Government, happy life.
Well, the truth is that vehicles are becoming more software and less hardware. That is why the auto manufacturers are investing heavily into software designers and the ability to make revenue from software upgrades to your vehicle.
Oh, you want remote start? For $3.99/month we can activate that feature for you. (Toyota recently tried this)
Once vehicles are fully autonomous, there will be very little reason to own one.
With leasing you never pay the full amount of the asset. You are paying a discounted amount for the use of an asset for a period of time. You are not paying down the principal amount of the asset you are paying the depreciation and most times the O&M of said asset. The monthly rate would be much higher to cover the fill principle amount. Only financially illiterate or innumerate fail to understand this. It’s not some tinfoil conspiracy do the math before you enter into a lease contract. The Auto makers may choose to only offer leases because they know the life time of the asset is limited and it will need to be refurbished at the factory before it can continue it’s life. This is exactly the case with batteries they have a cycle life and a calender life limit they will need to be swapped out at least once in the life time of that asset.
It makes perfect sense to lease the new asset out ,recover it , refurbish it then resell it as a certified preowned for its final and end of life use. There is currently no companies making third party aftermarket packs to do the refurbish at mid life of an EV. There are a few being set up now to enter that market. Tesla is going the other direction they are working on battery tech that lasts not years but decades possibly a century they already have working prototypes of a century battery it will be the first Google hit for that search.
There is little to break in an EV power train it has a single moving part the rotor and a couple of bearings. Some have gears too some don’t. Either way those parts will.last nearly forever there are electric motors from Thomas Edison’s era running today and have been continuously for more than a century.
Evs can be priced at a point where they are multi decade assets like a home which has a 50 year lifespan for stick and beam homes. Same for EVs other than the battery the rest of the power train and shell will last for decades. A $100,000 EV on a 20 year note is nearly the same payment as a 20,000 economy car on a 5 year note at least it should be at 1% APR now that the Fed is going to Carter era rates not so much anymore. Two things will happen aftermarket battery makers will refurbish packs by the individual cell or module at a fraction of the cost of new. This is already in the works by a dozen commercial start ups. The other path is ultra long life cells Tesla, Panasonic and Nissan all have cells in the works on that path.
Personally I have never owned a vehicle older than 5 years or for longer than 5 years they get traded in for a new one with the latest technology and usually much better fuel economy for the same or larger vehicle. When my S60 hits it’s 5 year point it will be replaced with a model S long range dual motor with over 600 HP giving thought to a Plaid just because why not on a 5 year lease it’s not that much more per month. I am fully aware I’m not paying the principle value of the vehicle I’m paying for 5 years of use for a top end beat the pants off even a McLaren F1 super car asset which I will return and get the latest technology at the end of my term. Having a LLC and a TIN makes it even sweeter as it will be a deduction and a corporate asset.
Yep. If you don’t own your car you don’t decide what to do with it. The owner decides what, where, or how you may operate its vehicle and as the BBB crowd openly said, they’ll turn that right off if you’re not compliant in all ways.
Several issues...
EVs are powered by fossil-fuels. The sun doesn’t always shine, so, ‘refueling’ your EV won’t be happening on cloudy days.
Mostly, you’re helping liberals with their scare tactics about global-warming/climate-change.
With my ICE vehicle, I don’t have to worry about ‘refueling’ my vehicle, since, there are gas stations just about everywhere you look. With ICE cars, you can get a fuel-efficient car that can take you up to 500 miles (or more), and it can be used for local driving and long-distance driving. ICE vehicles also cost a lot less, and with EVs, you actually end up paying for the ‘fuel’ up-front when you purchase that vehicle.
So, why not just get a very fuel-efficient ICE car and be done with it; in fact, get two and you still end up paying less than what you are now for your EV and ICE vehicles.
Oops forgot the specs on the Plaid it’s a 200 mph monster. 1000hi tri motor with 1000 to on tap until above 200 mph few cars on earth touch that. Plus when not pushing the limits of physics using AI controlled traction and antiskid algorithms so that even the average driver can keep a 1000+ HP going in a straight line. It will happily cruise on auto pilot getting the equivalent to over a hundred mpg using electricity at 8 cents a kWh which is equal to 2 cents per mile in energy costs. Gasoline in a 30 mpg combined vehicle to equal 2 cents per mile is 60 cents per gallon that’s never happening in the USA or most of the world as taxes alone would be near or over 60 cents per gallon. For me it’s irrelevant I don’t pay 8 cents per kWh I get paid for power from a large solar system on poles and trackers on my land so electricity is not only free I make money on it now that the system paid itself off. The cost to me is actually the lost value of the kWh I could have sold to ERCOT. It like having a oilwell ,refinery and gas station behind my home. I already have a level two 240v outlet in my steel building that holds four cars plus a boat two 240v outlets the other is being used for the A.C. Unit but could double as a second charge point both are 80 amp.
I used to sell cars. I ALWAYS discouraged people from leasing. It is a BAD idea.
At the end of the lease YOU OWN NOTHING! You must PAY for every nick/dent/excessive wear and tear on THEIR car so that it is ready to sell to someone else.
(An aside, I always loved to sell returned leased cars. Always in great condition, low mileage, and we “owned it right” meaning the dealer can sell it for a good profit and I could make a good commission.)
DON’T dare go over the stated mileage or pay a big penalty.
Leasing is for fools or those that can afford to throw their money away.
1. The BEST deal is to shop around for the best deal on a NEW car. Then drive it into the ground.
1b. Or, if you can afford it, drive it until the warranty is almost up and trade it in for a new car with a new warranty.
1c. NEVER BUY an extended warranty! A RIP OFF.
2. Shop around for the best deal on a used car that you can pay CASH for. Used cars become expensive when you are making payments AND paying for repairs.
A late model used car is still a USED car. High payments with no warranty, see #2.
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