Well I bought a Volt that came off lease. I looked at the service history and didn't see anything noteworthy. There's was still time/mileage left on the Voltec warranty so I figured I'm covered for a couple of years in terms of severe battery degradation.
It was still a gamble in my mind and I think for a lot of people. That's why in the States at least, the resale value of EVs is relatively low. My wife and I buy used cars rather than new and keep them a long time. We try to pay the cars off quickly and for most of our marriage, we haven't had car payments. I hope that strategy will continue to be a sound one with the Volt. We prefer to use our money for travel and experiences rather than spend it on vehicles and other material things. Some people have enough money to do both.
So I think it depends on your situation, your financial goals etc. Technology is moving fast in the world of EVs so if you're comfortable with the lease payments, then I think it makes sense to let this one go and then lease another car so you won't have to worry about major repairs and take advantage of the advancements that have been made in the last few years. If you'd really like not to have those lease payments, or at least smaller loan payments, then holding on the Volt at least for a couple of years seems like a viable option.
It was still a gamble in my mind and I think for a lot of people. That's why in the States at least, the resale value of EVs is relatively low. My wife and I buy used cars rather than new and keep them a long time. We try to pay the cars off quickly and for most of our marriage, we haven't had car payments. I hope that strategy will continue to be a sound one with the Volt. We prefer to use our money for travel and experiences rather than spend it on vehicles and other material things. Some people have enough money to do both.
So I think it depends on your situation, your financial goals etc. Technology is moving fast in the world of EVs so if you're comfortable with the lease payments, then I think it makes sense to let this one go and then lease another car so you won't have to worry about major repairs and take advantage of the advancements that have been made in the last few years. If you'd really like not to have those lease payments, or at least smaller loan payments, then holding on the Volt at least for a couple of years seems like a viable option.
