Leasing versus purchasing in 2023

[Raleigh Ron]

Has anyone figured out if leasing or buying a Niro EV (either 2023 or 2024 model that you plant to keep, say, 3 years) is a better deal? I've heard if you lease, you should get $7500 tax credit off the price of the car (along with any other dealer incentives you can negotiate), so that's a plus for leasing, but most Kia dealers websites don't mention the $7500 credit.

 

[Robert Bratton]

I have heard the same thing about the tax credit with the addition that since the leasing company is buying the car for commercial purposes, the credit will apply even if the car wouldn't normally qualify. I can't find an official reference for the now however.

 

[Lournery]

When I was deciding between leasing and buying, I found that leasing gave me more flexibility and lower monthly payments. Plus, I didn't have to worry about depreciation or selling the car later on. However, everyone's situation is different, so it's crucial to do your research and find what works best for you.
When I had a similar issue with my loan, a loan provider in Singapore helped me out. They were able to provide guidance and support that made the process much smoother. So, if you're considering leasing and have any financing concerns, they might be a good resource to check out.