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3 years in and I decided to stick around for a while.

1293 Views 6 Replies 4 Participants Last post by  2002
Hi Everyone. I'm just getting to the end of my 3 year lease and decided it makes the most sense to buy the car. Just under 34k miles and it works great for 95% of my family's needs with the EV range. We just wrapped up a 920 mile trip from Western NY to Stowe VT and didn't have any issues.
I just started a thread to discuss brake rotor/pad options, so if anyone has any input feel free to chime in there. I'll also be posting about a strange issue I had with vibration that was fixed quickly by the dealer. Well time for me to start reading some threads.

Tim
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I am in the same position - lease ending at the end of this year.

During this crazy market, you should definitely keep her.
Your Clarity is worth a LOT more than the buyout or residual.
Since you can't sell the lease to a 3rd party (recent restriction) - it's best to buy it out cash if you have the funds, then resell if you don't want to keep her and make a bundle of cash (profit) now.

If you want to keep her, ask your bank or CU to buy it out for you as you will be sitting on a good asset (for now).

My dealer is eager to get mine back and get me into a new '21 Clarity but the rates are so bad (no more dealer incentives and lack of manufacturer rebate), at almost double my monthly (zero down like last time). - clearly showed what the automotive market is like.

I declined the turn in of my Clarity to get into a new dealer model....

I am financing the balance out at the contracted RV of $14,100 plus tax (CA charges tax on the buyout).
My CU will do 1.99% for 24 or 36 months (haven't decided).

I figure the expensive battery & EV parts are covered under warranty for another 7 years so I should be good.
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I 100% agree. There also aren't the EV vehicles out there yet to fulfill my family's needs and hit the right price point (mostly the price point issue). I can't justify buying a Model Y even though it would be perfect for us, but I'm really hoping the Cybertruck can get rid of my 2012 leaf and '07 ridgeline. I just need to ride out few more years... I've been hoping the Ioniq 5 comes out with great lease deal incentives, but I'm not holding my breath.

1.99% is fantastic! I was able to secure 3.49% through Bank of America for 5 years (I didn't have time to search around as I waited to long in decide i'm keeping the car). That means my monthly payment only increased about $50. I'll take it, plus no early payoff issues.
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Hi Everyone. I'm just getting to the end of my 3 year lease and decided it makes the most sense to buy the car. Just under 34k miles and it works great for 95% of my family's needs with the EV range. We just wrapped up a 920 mile trip from Western NY to Stowe VT and didn't have any issues.
I just started a thread to discuss brake rotor/pad options, so if anyone has any input feel free to chime in there. I'll also be posting about a strange issue I had with vibration that was fixed quickly by the dealer. Well time for me to start reading some threads.

Tim

Hey Tim, just wondering if you've had any issues with battery degredation. I'm new to the forum as well and was just reading up on some people's issues with less range after two or three years
I haven't noticed any real noticeable degradation in the range of the car. Summer time has been around 55miles depending on all the typical factors, AC, Speed, Acceleration, Wind, Tire Pressure. Environmental factors play such a big roll is determining efficiency that unless someone has developed something similar to LeafSpy I can't really tell you much more than that.

I haven't looked into it, but did anyone develop an app to read exactly the capacity/health of the battery? I haven't had any reason to look into that yet.

Tim
My 3 year old, 36,000 mile never a problem 2018 Clarity has been a jewel!

EV range is always 50-60 miles per charge 365 days a year (live in hot southern California) so no winter issues here...
I haven't looked into it, but did anyone develop an app to read exactly the capacity/health of the battery?
You can find information about checking your battery capacity in this thread

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