EV6 GT. The C40 is just way too unrefined for a $60K vehicle. I would rate it somewhere slightly above my 2015 CX5 Touring and below my 2019 GT Reserve. Literally the only thing it has going for it is the acceleration, and the fact that I paid $75 to "fuel" it last month, when my RDX (24.2mpg lifetime avg, I filled it with 91oct) was costing me $450-500. The EV6 GT has near identical efficiency, and is an absolute monster. It is also way more refined. So...total cost of this venture?
Paid $62K
Projected trade value $55K
Added aftermarket warranty for $4K
Got 100% of aftermarket warranty refunded, and pushed it to a 20% CC to kill it, while leaving the expense on the 3.9% loan.
Total out of pocket: $66K-4K and interest savings due to APRs.
Tax credit $7500.
Monthly gas savings over the RDX: $400
Projected time of ownership: 5mo/$2000 in gas savings.
$9500 positive equity over keeping the RDX.
Cost of EV6 GT, $62,500. No tax credit.
Looking at the numbers, it comes out to a very near wash, having bought the C40 vs. just keeping my RDX until the EV6 GT dropped. Also, RDX values are likely dropping faster than EV values of any sort due to gas prices as well as the fact that lithium is SKYROCKETING.
So you can say what you want about my trading habits, but they are financially sustainable and I'm having a helluva fun time.
Oh...and that lithium...I'm back on my BS playing with stonks again
After making 300% on my last investments some time a while back, I decided to once again use the piggybank that is the stock market to fund a few things. This is a longer play, though. 2-3 years is my planned exit point. I am hoping to make another 2-500%.
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