Hi all,

I currently have a 2012 Hyundai Elantra that runs ok but is getting close to 180,000. I'm thinking about switching to an EV because:

1. The expense of maintenance will soon likely exceed the value of the car
2. We have a high tax burden this year, so the new or used EV tax credit will "save" us the entire $7500/$4000
3. I want an EV

The one I'm eyeing is a new Chevy Bolt 2023, MRSP around $32000, $24000 after the credit and a discount the dealer is offering. We would put about 5-10k down. The note is at around 5-6% at a local credit union.

I'm not that attached to a particular make or model as long as I can get a commuter car that can comfortably drive 60 miles per day and is enjoyable to drive.

I'm concerned about long term cost- is it better to buy a new EV with a 10 yr warranty/100000 miles or a gently used one from 2021? It was simpler when it was just cheaper to buy used!

I haven't factored in insurance. This is the first car purchase I'll be making, so I'm a bit overwhelmed by it all.

We making relatively good money- $150k/yr in MCOL area, 1 child, with manageable expenses, savings, and a good retirement plan.