HCOL area and medium income for this area. Not a lot of money leftover for car payments but am 20+ years through our 30 year mortgage. Between my wife and I we try to have only one car payment at a time. That means 5 years payments for each and try to get 10 years out of a car. My 2013 Volt was on schedule for 10 year replacement in 2023, but in 2020 we decided to bump my wife’s 2018 Pacifica Hybrid to a 2020 so I was going to stretch an extra 2 years from my car. Instead it got totaled this January and I had to replace it. Fortunately it was January and I got a nice year-end bonus, so I took that combined with the insurance payout from my totaled Volt and had just enough to buy a used 2017 Volt, so no payments thankfully and we are pretty much back on schedule. Feels like I wasted my year-end bonus this year though.
So… in 2025 I’ll be in the market for what’s out there, and based on the prices of things and what I can afford I’ll be happy to find whatever is under $40K and will need that $7500 tax credit plus our state’s $2500 rebate. Was really hoping the $30K Equinox EV would exist, I’m tired of squeezing into my Volt. I love it a lot, but I’m tall and it’s small. The Bolt fit my budget but not my person.
HCOL area and medium income for this area. Not a lot of money leftover for car payments but am 20+ years through our 30 year mortgage. Between my wife and I we try to have only one car payment at a time. That means 5 years payments for each and try to get 10 years out of a car. My 2013 Volt was on schedule for 10 year replacement in 2023, but in 2020 we decided to bump my wife’s 2018 Pacifica Hybrid to a 2020 so I was going to stretch an extra 2 years from my car. Instead it got totaled this January and I had to replace it. Fortunately it was January and I got a nice year-end bonus, so I took that combined with the insurance payout from my totaled Volt and had just enough to buy a used 2017 Volt, so no payments thankfully and we are pretty much back on schedule. Feels like I wasted my year-end bonus this year though.
So… in 2025 I’ll be in the market for what’s out there, and based on the prices of things and what I can afford I’ll be happy to find whatever is under $40K and will need that $7500 tax credit plus our state’s $2500 rebate. Was really hoping the $30K Equinox EV would exist, I’m tired of squeezing into my Volt. I love it a lot, but I’m tall and it’s small. The Bolt fit my budget but not my person.