sedan. Friday , April 28th , 2017 - 15:39:59 PM
Another reason why people are now obtaining electric cars is to revel in the tax breaks and other benefits that the federal and state government are providing. As a way to lessen the dependence of the country on foreign oil products, the US Government is encouraging people to buy electric automobiles by offering broad tax breaks on people who own and use electric automobiles. In some states, they likewise offer benefits to people, such as immunity from carpool lane requirements and free parking on meters and pay parking places.
In fact, white-hat hackers (the good guys) have even demonstrated that a bad hacker could take control of a motor vehicle, ranging from annoying pranks such as turning on the windshield wipers and radio, to potentially lethal actions like stopping the engine.
The reason a car leases monthly payment is so much less than the principal and interest payments on a car note is that the lessee is not amortizing the value of the car with the payment. The lessee is amortizing only the depreciation costs and paying interest to do so! As an example if the 3-year depreciation expense on a car $20,000 car is $10,000, the monthly payment on the lease is based on that 10K along with the interest rate. Sounds like a good deal, I suppose, until you figure in that the car dealer will get back a used car at the end of the lease that he intends to sell for the full value of its make and model. What this means is pristine physical condition and low mileage. If the car returns in anything other than perfect condition, the lessee will have to pay in the form of stiff mileage and wear and tear penalties. Lease a car back to back and you loose big time because you are always bearing the cost of someone elses depreciation.
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