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smittyhoo
Mueller Community

Posts: 445
Joined on November 4th, 2008
Chevy Volt
by smittyhoo on February 10th, 2012

Ms Ice, lots of factors come into play (personal vs. business use, the APR you can get on a loan if you need it, the mileage, what you pay for the car if you buy vs. if you lease, etc.) but if you run the numbers lease vs. buy for the two deals being offered and assume all else equal plus you sell your car at 3 years for the residual value on the lease from a purely financial perspective the buy option is a couple grand better I think.
 
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schroed
Mueller Community

Posts: 221
Joined on February 7th, 2008
Chevy Volt
by schroed on February 10th, 2012

I'm so glad the good folks at Pecan Street did all the thinking for us in determining that the Volt is the best electric car option for Mueller residents. Glad except, of course, for the few annoying thoughts that keep wandering in, like:

-the Volt is a compact car; the plug-in Prius, for example, is a mid-size.

-the Volt weighs 616 lbs more than the plug-in Prius, roughly the equivalent of taking two NFL offensive linemen around town with you when you run errands

-the Volt has a 40-mile all-electric range. Mueller is 3 miles from the city core. For a typical round-trip commute for many residents, including side trips, you'll have 3-5 more days of juice left in your Volt battery. The plug-in Prius has a 15-mile electric range, but weighs only 120 lbs more than a regular Prius

-did I mention the Volt battery is heavy? If you place electric cars on a curve plotting electric range against weight, the Volt is out on the end where the curve is properly labelled 'battery hauler.'

-You pay a price for extra weight. If you head out on the highway, after the electricity is depleted, the Volt will get 35MPG; the plug-in Prius gets 49MPG on gas.
 
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smittyhoo
Mueller Community

Posts: 445
Joined on November 4th, 2008
Chevy Volt
by smittyhoo on February 10th, 2012

Oh hater! You forgot to mention the Prius costs $5,500 less after the tax credits are accounted for too. So, I think that negates your argument because your wallet will be so heavy in the Prius.

Of course if you really want to get technical a good $2K electric-assist bike with a $500 trailer could do 95% of what we do in our cars on a daily basis year-round without worry of tons of sweat. Electric cars are a step in the right direction but they certaintly don't solve the fundamental capacity and cost problems with our daily transportation system...but I digress into E-topian thought.
 
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schroed
Mueller Community

Posts: 221
Joined on February 7th, 2008
Chevy Volt
by schroed on February 10th, 2012

by my accounting the plug-in Prius costs $4500 more:

Volt:
$40,000 - $7500 fed tax credit - $7500 Pecan St incentive = $25,000

plug-in Prius:
$32,000 - $2500 fed tax credit - $0 Pecan St incentive = $29,500

and I still think its a better deal!
 
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smittyhoo
Mueller Community

Posts: 445
Joined on November 4th, 2008
Chevy Volt
by smittyhoo on February 10th, 2012

Yes, if you count the PSP money of course the Volt is cheaper but I thought the whole point of your initial post was that we aren't being given a choice, but if we were given a choice, we could make a better decision based on each household's commutes vs. the market for electric vehicles. In any case, the point you make regarding the trade-offs between the two vehicles is a good one. I thought I heard rumblings at one point last year that we would be given a choice between a Nissan Leaf and a Volt. I guess the Leaf didn't pan out. Having heard about the Leaf though I would be surprised if PSP did not approach Toyota although it's pure conjecture on my part.
 
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schroed
Mueller Community

Posts: 221
Joined on February 7th, 2008
Chevy Volt
by schroed on February 10th, 2012

Quote:
...but I thought the whole point of your initial post was that we aren't being given a choice, but if we were given a choice, we could make a better decision based on each household's commutes vs. the market for electric vehicles..


I got so lost in a self-generated cloud of sarcasm I forgot to make my point, but you summed it up well
 
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Ms Ice Monkey
Mueller Community

Posts: 460
Joined on November 18th, 2007
Chevy Volt
by Ms Ice Monkey on February 10th, 2012

From Pecan Street's update in September 2011:

Quote:
If you have already a Chevrolet Volt or a Nissan Leaf, you are eligible to receive $7,500 from Pecan Street Project as well as the other benefits described herein. If you wish to purchase an electric vehicle on your own, please contact us and let us know the type of vehicle you are interested in acquiring. We will let you know if that vehicle is eligible to be included in this rebate opportunity.


I do not know if this offer still holds or under what terms, but it couldn't hurt to contact them and inquire about purchasing a Prius instead.
 
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schroed
Mueller Community

Posts: 221
Joined on February 7th, 2008
Chevy Volt
by schroed on February 10th, 2012

Quote:
...I do not know if this offer still holds or under what terms, but it couldn't hurt to contact them and inquire about purchasing a Prius instead.


I got that email too. It referred to a 'sunshine-powered vehicles opportunity.' All the latest emails refer to a 'Volt Program.' I assure you I would not have posted this without having been in contact with Pecan Street. The only way they will subsidize a Leaf or plug-in Prius is when no one else wants a Volt.
 
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Ms Ice Monkey
Mueller Community

Posts: 460
Joined on November 18th, 2007
Chevy Volt
by Ms Ice Monkey on February 10th, 2012

Quote:
The only way they will subsidize a Leaf or plug-in Prius is when no one else wants a Volt.


The Volt had clearly emerged as the vehicle of choice, but I had not realized it was so much to the exclusion of other options. That's good to know.
 
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schroed
Mueller Community

Posts: 221
Joined on February 7th, 2008
Chevy Volt
by schroed on February 10th, 2012

don't get me wrong, I do think the Volt is a nice vehicle. We're fortunate to have at least three mainstream electric vehicles competing at different points along the electric-range/weight curve. And taking quite different approaches. I'd just hate to see the first big-time study of electric vehicles fail because of a narrow focus on one point along the curve. Seems like bad science, and you sometimes don't get a second chance at these things.

On a completely unrelated note, has everyone seen Who Killed the Electric Car?

If you have not seen it and you're thinking about an electric car you should. Particularly if you are contemplating a lease from one of the villains in this movie [SPOILER ALERT: in the end they round them all up and crush them!]

kind of puts a different spin on the buy/lease question
 
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