The Expert Podcast

EV Deals: Smart Savings or Costly Mistake?


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 🔹 Not everyone wants an EV

  • Some people prefer gas cars or hybrids.
  • EVs come with challenges: charging, range, battery life.
  • But as a second car, an EV might make sense.

🔹 Two big EV deals happening right now

  • Hertz is selling used Teslas at huge discounts
    • Originally $40,000–$60,000.
    • Now selling for $14,000–$15,000.
    • Some renters are being offered to buy the car when returning it.
    • A $14,000 car in today’s market is rare.
    • Great for commuting or as a second car.
  • Volkswagen ID.4 lease deal
    • $149/month lease with 0% APR.
    • No gas costs if you can charge at home.
    • No depreciation worries—just return it after the lease.

🔹 Why consider an EV as a second or third car?

  • Lower fuel costs.
  • Less depreciation impact on your main vehicle.
  • A practical option for short trips, errands, or a student’s car.
  • Traditional gas cars and used cars are often much more expensive.

🔹 The financial breakdown

  • New Toyota Corolla or Honda Civic: $25,000–$30,000.
  • Monthly payment: $500+ for a gas-powered car.
  • Used cars are still pricey at $20,000+.
  • A $14,000 Tesla or a $149 lease looks like a great deal in comparison.

🔹 Final thoughts

  • EVs may not be for everyone, but these deals make financial sense.
  • As a secondary vehicle, they can save money and reduce wear on your primary car.
  • Do you think EVs are worth considering, or are they just overhyped?

💬 Let us know your thoughts in the comments!

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🎧 Thanks for tuning in! See you on the next episode. 

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The Expert PodcastBy Various