The author reflects on a leasing opportunity for a 2024 Hyundai Ioniq 5, initially appealing at $89 per month but ultimately costing over $325 with additional fees. Despite earning more than the median wage in Ohio, the writer hesitates, pondering how such payments fit into their budget alongside rent and other expenses. In hindsight, the decision to not proceed with the lease may have been short-sighted, as the Trump administration's new 25% tariffs on imported vehicles are set to raise prices and further complicate future purchases of electric vehicles.
The price of electric vehicles is about to rise significantly, largely due to the Trump administration's 25% tariff on imported cars, impacting affordability.
Despite having the means, I hesitated to lease the Ioniq 5, realizing that monthly payments combined with other expenses made it feel unaffordable.
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