Bumping the thread for advice.
So, some of you know that I did another thread a while ago about securing BEV/PHEV in AWD, and we (my wife and I) ended up getting a 2024 Rav4 Prime PHEV that we enjoy immensely. As a result, my beloved but ancient and ailing subie went to the trade in claws of the dealership, and I’m now driving my wife’s former car, a 2007 Rav4 6 cyl beast.
We were planning on keeping it going for a couple of years, then getting a new BEV or PHEV depending on what looked good, but the stripping of EV credits on the federal level as of September have made my wife really anxious.
So we’ve been considering getting a new 2025 Prius PHEV (formerly the Prime) on an expedited basis. Toyota (for the moment) is still offering $4500 on leases on EV/PHEV models, and Colorado state will include at least $3500 as well. We’d lease for a period, and then secure a more traditional loan and pay it off. For the record, we paid off the lease and got the new Rav4 paid off already, but that’s not something we’d be able to do on this short planning period of course.
The features we want most are (of course
) on their most expensive models, so about $40k before any incentives. But if we do it, I’m also minded to just go for the most basic model which is still a solid car, $5000 -less-, and probably will qualify for another $2500 in state incentives.
I know the cheapest, and most environmentally friendly car is the one you already own and have paid off, but honestly, I don’t think things are going to be good in terms of EV buying options anytime in the near future considering the administration and the legislature. And that leaves out the on again / off again possibilities of tariffs.
I acknowledge I’m taking counsel of my fears as well - but on a practical note, a 2007 with 120k miles, even if in good shape is something that we need to expect to replace sooner, not later, so more a matter of doing something sooner than we intended, rather than something completely unplanned for.
We still haven’t replaced the electrical panel, so going full BEV and getting an in-home level 2 charger are off the table for the moment if we DO get a new vehicle, otherwise that’s next year’s planned big expense.
Oh, and while I really do prefer AWD for Colorado winters, Global warming means that it’s less an issue every year, so we’re both okay as long as ONE of our vehicles is AWD, which the Rav4 PHEV takes care of well.
Thanks for listening, just want to solicit opinions outside my own (and wife’s) head.