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this post was submitted on 19 Jun 2026
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Have you never heard of financing? I make $50,000 a year and bought a used EV. The only reason I was able to was because of rebates offered by IL-EPA. If not for the rebate, I'd still be driving an ICE vehicle and paying $50/wk on gasoline.
I have heard of financing. My buddy is currently on his way to paying 32k for a 15k car lmfao. The bank already owns my house, they don't need to own my transportation too. I spend 40 or so a week on gas during the winter, but in the summer I ride motorcycles every day so my fuel cost is 12-20 a week for 8 or so months of the year! No car payment is going to be cheaper than the transport I own cash right now, simple as that. I have too many bills and shits too expensive to incur another monthly payment!
That might be the worst financing option I've heard in my life. 4000 down on a 15,000 loan would end up being about 12800 total on 5 years at 6%