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frontpage Posted by Malaibazaar • Jan 5, 2025
Jan 5, 2025 4:50 PM
Item 1 of 3
Item 1 of 3
frontpage Posted by Malaibazaar • Jan 5, 2025
Jan 5, 2025 4:50 PM
24-Month Lease on 2024 VW ID.4 RWD Electric Vehicle
$999 down + $149 per month
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one of the worst cars i've ever owned, technology is very poorly designed and frustrating, countless recalls and range is mediocre at best.
there are many more comparable options when it comes to EV. Chevy Equinox being one that is also very well priced.
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one of the worst cars i've ever owned, technology is very poorly designed and frustrating, countless recalls and range is mediocre at best.
there are many more comparable options when it comes to EV. Chevy Equinox being one that is also very well priced.
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I don't see why not. I drove a leased car in college that was in my parent's name but was insured under mine. I would assume most college kids "own" cars in their parent's name.
My recommendation now as a dad-
Get an insurance quote for that vehicle and your kid prior to purchase.
Understand the mileage allowance vs how much he/she will be driving.
It's an EV so access to charging on campus and or apartment.
You know how responsible (or not) your kid is. Obviously just by age they're at a higher risk of an accident.
Other factors to consider if/when they want to take it on a road trip (miles) or lending it out to friends/roommates. Those are the things I'd be concerned with if my kids were prone to doing things like that.
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There is a up to $4K rebate on used EVs. From what I recall, the rebate is for 30% of the sales price, applies to 2 year old and older model years, has income limits, and you need tax liability (it's not a credit). There's some good used EVs on the market at good prices. Most EVs come with at least a 8 year / 100K mile warranty on the battery.
There's all sorts of lease cost calculators online that go through all the variables.
From Larry H Miller VW Lakewood [lhmvw.com]:
7,500 allowable miles per year. Lessee may be responsible for additional charges at end of lease term based upon the difference between the residual value and its realized value. On approved credit. Due to market conditions, call or see the dealer for price and availability. The first month's payment is due at signing. All prices exclude a $699 dealer handling fee and a $695 acquisition fee and exclude tax, title, and license fees. Offer Ends: 1/5/25
Jon
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My recommendation now as a dad-
Get an insurance quote for that vehicle and your kid prior to purchase.
Understand the mileage allowance vs how much he/she will be driving.
It's an EV so access to charging on campus and or apartment.
You know how responsible (or not) your kid is. Obviously just by age they're at a higher risk of an accident.
Other factors to consider if/when they want to take it on a road trip (miles) or lending it out to friends/roommates. Those are the things I'd be concerned with if my kids were prone to doing things like that.
I always believe a dad can always find a good used maintained starter car ie 10+ year Toyota Corolla for example for their children going to college and have it insured under his name to help keep the price down. It is much more cost effective than to buy a brand new said car. Responsibility are taught by example.