You're Being Lied to About Electric Cars

[HitchHiker71]

Yes, I may genuinely dislike the design of the CT, but the engineering is remarkable.

I’m with you. I like the look of the CT from certain angles, but really dislike it from other angles. I’d have to wrap the entire vehicle to make it remotely acceptable looks-wise if I were to ever consider getting one - which only serves to increase the overall cost as an entire vehicle wrap is not cheap.


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[joestein]

Interesting how Lexus is handling it.

The 2024 NX450h+ has $9500 lease cash available on it. The 2025 has $7500. But, only when leasing a new NX.
the 2025 RX450h+ has the $7500 lease cash available.

So there is obviously a transferable lease credit available on those two models.

too bad not on buying.

 

[Greg G]

Interesting how Lexus is handling it.

The 2024 NX450h+ has $9500 lease cash available on it. The 2025 has $7500. But, only when leasing a new NX.
the 2025 RX450h+ has the $7500 lease cash available.

So there is obviously a transferable lease credit available on those two models.

too bad not on buying.

You can probably use the "lease and immediate buyout method" to capture around $6500 of that $7500 lease cash to buy the vehicle. This is where you lease and then turn around and immediately buyout the vehicle within a month. I did this for my Rav4 Prime purchase. https://www.reddit.com/r/LexusNX/comments/1ce01x7
As always the look over the lease contract to verify there is no penalty for early purchase.

 

[easyrider]

Don't watch the news Bill?



Tesla cybertruck actually saved lives!
(according to Emo)


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meanwhile ....

View attachment 104066

https://finance.yahoo.com/video/chinas-byd-sells-over-500k-150001986.html

I'm in Mexico and didn't bring a laptop this trip so it's the samsung which is great for music, ok for the forums but not so good as a tablet. The tv has a mix of Mexican, American and other language tv channels and I did see a headline with a Cyber Truck explosion. I had thought it was just a random ev fire but have since viewed a news clip off the Canadian news that it wasn't an accident.

It's kind of interesting that the Cyber Truck could contain such a blast.

Bill

 

[easyrider]

You can probably use the "lease and immediate buyout method" to capture around $6500 of that $7500 lease cash to buy the vehicle. This is where you lease and then turn around and immediately buyout the vehicle within a month. I did this for my Rav4 Prime purchase. https://www.reddit.com/r/LexusNX/comments/1ce01x7
As always the look over the lease contract to verify there is no penalty for early purchase.

This work around is good to know. Did you have to tell the dealer your plan to cash out the lease before doing this ?

Bill

 

[Greg G]

This work around is good to know. Did you have to tell the dealer your plan to cash out the lease before doing this ?

No. In general you don't want to tell the dealer you are going to do this as this may affect your negotiations toward other added discounts, plus it's possible they may be less inclined to lease it to you. I believe, but am not certain, there is some amount of time the lease must be held for dealers to get a portion of the monthly rent charge from the lease company. Although some dealers know people are going to do this and don't mind. There are many, many post on this on the internet.

Many dealers will also tell you that you must make a few monthly payments before buying out, but this in general is not true unless the lease contract explicitly states this (which generally they do not, and all explicitly state how the early buyout amount is calculated). As always it's what the lease contract states so always look over that before signing. Many of these standard lease contracts are posted on the internet to you can get an idea of what to expect and asks questions if something doesn't match these, before signing anything.

One thing that can affect the type of lease you get is if the state you reside in basically double sales taxes the lease (i.e. either sales tax paid upfront on the total of all monthly payments in the term and then again on the buyout price at buyout, or sales tax paid upfront on the full price of the car and then again on the buyout price) In those cases using what is called a "One Pay Lease" can either completely eliminate this double sales tax (if on the total of all monthly payments upfront and then again on buyout price), or partially eliminate it (if sales tax is paid upfront on the full sales price and then again on the buyout price).
If the state does not double sales tax then a standard lease is the way to go (where you make monthly payments and the monthly payments have sales tax added on to each payment).

 

[Ken555]

It's kind of interesting that the Cyber Truck could contain such a blast.

I've read reports this morning that experts are now suggesting that the reason the blast was "contained" was not because of the CT itself but rather the type of explosives. I'm sure we'll learn more shortly.

 

[PigsDad]

Ford and General Motors Report a Sales Surge, Especially for E.V.s​

Ford and General Motors Report a Sales Surge, Especially for E.V.s

The two big automakers said 2024 sales were up by 4 percent thanks to big increases in the final quarter.

www.nytimes.com

Kurt

 

[easyrider]

I've read reports this morning that experts are now suggesting that the reason the blast was "contained" was not because of the CT itself but rather the type of explosives. I'm sure we'll learn more shortly.

I thought it was the battery from what I could see on the Candian news. They showed no damage to the building and the use of the ev blanket fire suppression device on the Cyber Truck.

Bill

 

[Brett]

I thought it was the battery from what I could see on the Candian news. They showed no damage to the building and the use of the ev blanket fire suppression device on the Cyber Truck.

Bill

sure, blame it on the crazy "Canucks" up north
Just be very careful what you say about our Billionaire leaders - - or their products
.

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https://www.the-independent.com/news/world/americas/musk-media-lawsuits-cybertruck-b2673048.html

 

[DrQ]

I've read reports this morning that experts are now suggesting that the reason the blast was "contained" was not because of the CT itself but rather the type of explosives. I'm sure we'll learn more shortly.

Both the vehicles used in the attacks were leased via Turo, a Vrbo style car rental app, the owners of the cars are probably in for a nasty surprise. Unless they have commercial insurance on those vehicles, their claims will most likely be denied. In the case of New Orleans, the victims and their families can turn around and sue the owner of the vehicle and they probably will not have protection even if they have an umbrella policy.

At the best, they will probably not be reimbursed for the loss of their vehicles.

 

[Ken555]

Both the vehicles used in the attacks were leased via Turo, a Vrbo style car rental app, the owners of the cars are probably in for a nasty surprise. Unless they have commercial insurance on those vehicles, their claims will most likely be denied. In the case of New Orleans, the victims and their families can turn around and sue the owner of the vehicle and they probably will not have protection even if they have an umbrella policy.

At the best, they will probably not be reimbursed for the loss of their vehicles.

Yeah, I've been waiting to read info on that aspect of these incidents. There is insufficient info at Turo's site to reach any conclusion on coverage; more info:

Protection plans – In detail | US hosts

Summary of US host protection plans Hosts can choose one of five Vehicle protection plans 60 plan 75 plan 80 plan 85 plan and 90 plan All pl

help.turo.com

https://turo.com/us/en/car-rental/united-states/how-turo-works/vehicle-protection includes:

Liability insurance is provided under a policy issued to Turo by Travelers Excess and Surplus Lines Company. Terms, conditions, and exclusions apply. The policy does not provide coverage for damage to a host's vehicle.

and

Turo is NOT an insurance company and does not have insurance for physical damage to your vehicle.

It does include "up to $750,000" in liability coverage, though I'm sure with numerous exclusions.

FWIW, I've looked into renting from Turo in the past and decided it wasn't worth the hassle or potential liability (as a renter) since credit card auto coverage wouldn't apply (apparently, there are some credit cards that *may* cover it, but I don't have those as of a year or two ago). And once you add Turo's insurance coverage, it's no longer offering much savings.

I know some companies (individuals?) rent multiple vehicles via Turo. I would assume those who approach this as a business will own the cars under a business and at least protect their assets from such lawsuits. IANAL.

 

[easyrider]

Yeah, I've been waiting to read info on that aspect of these incidents. There is insufficient info at Turo's site to reach any conclusion on coverage; more info:

Protection plans – In detail | US hosts

Summary of US host protection plans Hosts can choose one of five Vehicle protection plans 60 plan 75 plan 80 plan 85 plan and 90 plan All pl

help.turo.com

https://turo.com/us/en/car-rental/united-states/how-turo-works/vehicle-protection includes:



and



It does include "up to $750,000" in liability coverage, though I'm sure with numerous exclusions.

FWIW, I've looked into renting from Turo in the past and decided it wasn't worth the hassle or potential liability (as a renter) since credit card auto coverage wouldn't apply (apparently, there are some credit cards that *may* cover it, but I don't have those as of a year or two ago). And once you add Turo's insurance coverage, it's no longer offering much savings.

I know some companies (individuals?) rent multiple vehicles via Turo. I would assume those who approach this as a business will own the cars under a business and at least protect their assets from such lawsuits. IANAL.

I've checked out turo prices for Hawaii and after finding out how their insurance doesn't work with my credit cards insurance decided it wasn't worth it for us.

Bill

 

[easyrider]

sure, blame it on the crazy "Canucks" up north
Just be very careful what you say about our Billionaire leaders - - or their products
.

View attachment 104123
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https://www.the-independent.com/news/world/americas/musk-media-lawsuits-cybertruck-b2673048.html

The TV in our room had cable but most of it was in Spanish. We haven't been paying attention to anything at home except the weather and the dog sitter for the most part.

Elon Musk is one smart person imo. He has always been ok in my book.

Bill

 

[HitchHiker71]

The TV in our room had cable but most of it was in Spanish. We haven't been paying attention to anything at home except the weather and the dog sitter for the most part.

Elon Musk is one smart person imo. He has always been ok in my book.

Bill

TSLA shareholders (myself included) have been petitioning the Tesla BOD and Musk to consider pursuit of legal remedies for increasingly prevalent legacy media false and misleading reporting. It appears Musk may actually be considering this path forward now.

For example, almost 100% of the headlines for the NOLA attacks didn’t say “A Ford F150 Lightning EV was used…,” they simply said “A truck was used…”, yet almost 100% of the legacy media reports of the Las Vegas attacks said “A Tesla Cybertruck exploded outside a Trump hotel…” vs “A truck exploded outside…”. This is just one of literally hundreds of valid examples.

There is likely sufficient evidence of implicit bias from legacy media given X has become the number one rated news source in more and more news markets across the globe. This has resulted, as has been widely reported, in legacy media laying off thousands of employees as revenue declines. Therefore legacy media is targeting Musk and all of his companies via false reporting and clickbait headlines. It’s time to fight back.


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[DrQ]

TSLA shareholders (myself included) have been petitioning the Tesla BOD and Musk to consider pursuit of legal remedies for increasingly prevalent legacy media false and misleading reporting. It appears Musk may actually be considering this path forward now.

For example, almost 100% of the headlines for the NOLA attacks didn’t say “A Ford F150 Lightning EV was used…,” they simply said “A truck was used…”, yet almost 100% of the legacy media reports of the Las Vegas attacks said “A Tesla Cybertruck exploded outside a Trump hotel…” vs “A truck exploded outside…”. This is just one of literally hundreds of valid examples.

There is no way a CT can be mistaken for ANYTHING else. Nothing reported was inaccurate.

An F-150 Lightning looks a lot like an ICE powered F-150. Subsequent reports have identified it as an EV.

 

[HitchHiker71]

There is no way a CT can be mistaken for ANYTHING else. Nothing reported was inaccurate.

An F-150 Lightning looks a lot like an ICE powered F-150. Subsequent reports have identified it as an EV.

The first thing I noticed when I saw a picture of the NOLA truck was the fact that it was a F150 Lightning - as is obviously represented by the big “LIGHTNING” monikers on both sides of the rear side panels of the truck bed. Took me all of two seconds.

That said, as I mentioned previously, there are literally hundreds of examples of bias from legacy media - which is why we will see lawsuits from Tesla on these items moving forward.


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[easyrider]

The first thing I noticed when I saw a picture of the NOLA truck was the fact that it was a F150 Lightning - as is obviously represented by the big “LIGHTNING” monikers on both sides of the rear side panels of the truck bed. Took me all of two seconds.

That said, as I mentioned previously, there are literally hundreds of examples of bias from legacy media - which is why we will see lawsuits from Tesla on these items moving forward.


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I'm glad you said this. If I would have said this I'm certain it would have been taken as a heinous statement meant to provoke the weak minded and then subject to ridicule.

It's very true that Elon Musk has been a target of corporate news channels and the only way this changes is if Musk takes takes them to court or buys them out. It will be interesting.

Bill

 

[davidvel]

The TV in our room had cable but most of it was in Spanish. We haven't been paying attention to anything at home except the weather and the dog sitter for the most part.

Elon Musk is one smart person imo. He has always been ok in my book.

Bill

That explains so, so much. Thank you for sharing.

 

[easyrider]

You are very welcome David. This week I'm entertaining great grandkids so I'm not planning on watching much of anything.