vania-janet/multiturn-rag-retrieval-data huggingface dataset:
Trade-in values are generally below what you can get in a private sale. To directly answer your question, you should sell the crossover yourself and use the balance to purchase your new vehicle. I would encourage you to use the $9k to finance directly without a lease, especially if you are planning on financing after the lease term. The lease will not save you money over the time you drive the vehicle in this case, and worse, will likely expose you to risk of having to pay additional fees if you break certain terms in the lease (mileage, wear and tear, etc) Best option mathematically is to use the $9k to purchase a vehicle for cash. This provides the lowest total cost of ownership.  Even if you are afraid of purchasing a lemon, leasing a vehicle is awfully expensive insurance against that possibility. You would have to rack up some significant repairs to justify the cost of the lease vs cash over the term of operating the vehicle.
"I'll second what littleadv says about the ""entertainment"" expenses; they do seem high relative to your income.  The numbers for electricity and vehicle insurance seem high to me as well, but that depends on where you live and how you heat your house, etc., so they may be normal for your situation. You've got almost $500/month going to debt payments (vehicle, window replacement, and student loan).  You didn't list the credit card payments on there, so that will add to the debt payment amount.  Finding a way to get those debts paid off as quickly as possible would free up a lot of cash flow.  You could consider trying to find extra income (second job, your wife getting a job or finding a way to make some money from home, sell some things, etc.) I'm wondering about the things I don't see here: food (including restaurants), clothing, fuel, maintenance and repairs (both car and house), etc, etc.  With the numbers you list above, you have money left over every month, but when you add in the things I just mentioned, that may not be the case. I suggest that you keep track of all of your expenses for the next month to see what you're really spending (including the things not listed here).  Then, using that information, make a plan for the following month (and every month thereafter) about how you're going to live on what you bring home.  Just tracking your expenses will likely show you some areas where you could easily cut back on spending.   Also, I recommend that you start working on a plan to increase your income, both temporarily as I suggest above, and longer term by focusing on your career direction.  You are above the poverty level (assuming you live in the US), but below average in income."
Few people actually buy BMW's. Most are leased, because if you're the type of person who wants to drive a BMW, you're going want a new one regularly.  Here's the lifecycle of a BMW or other luxury car: By the time you hit ten years, you have a rapidly depreciating asset because the average Joe doesn't really want an old BMW and hassles that come with it or any luxury car. That said, there are great bargains in this space. I used to buy 5-6 year old Cadillacs when they weren't cool for like $7-9k, and resell them a year later for about $1,500 less that I bought them for. (lower TCO than a Civic) You need to have patience though, because maintenance is always an expensive pain in the rear with luxury cars.
Simply put, it makes sense from the moment you can afford the loss without negative consequences. For example, if your car costs $20000 and you happen to have another $20000 laying around, you can choose not to insure your car against damage. In the worst case, you can simply buy a new one. However, not insuring your car has a hidden cost: you can't long-term invest that money anymore. If your insurance costs $500 a year, and you can invest those $20000 with a return on investment of more than 2.5%, it still makes sense to invest that money while having your car insured.
"Yeah they should have given it to you. I worked at a Best Buy. It was policy but managers were telling employees to not give discounts so much unless customers were getting warranties. It is amazing how much they care about warranties. Every morning they announce what place they are in the country for each section of the store and the sections that did bad, the managers and assistants look at them with hate as if they should have done much better. And the ones that did great by selling the most warranties and especially their most expensive warranties, gets congratulated by everyone with a round of applause. Before all of this too, they do a huddle with a shout ""WHOS BEST BUY!?? MY BEST BUY!!!"" Craaaazyyyyy...."
At least these people are looking for extra money by putting something into the system instead of just begging for dollars by the side of the road.   These situations make me sad because we don't want people who can't work to starve and we do need disability payments. On the other hand, we seem to have found a way to discourage people from doing even what they can do and this can't be the right way to handle things.
With $800/month extra?  Do both. (I am ethnocentric enough to assume you live in the same country as me) First, figure out what your emergency fund should look like.  Put this money in a high yield checking or savings account.  Add to it monthly until you reach your goal.  It should be 3 to 6 months of your total monthly expenses.  It will be a lot more than $2k I suspect.  You will earn bubkis in interest, but the point of the emergency fund is a highly liquid asset for emergencies so you can choose cheaper car insurance and not buy warranties on stuff. With your $800/month, split it up this way: $416/month into a Roth IRA account at Vanguard (or Schwab or Fidelity) in the Star Fund (or similar low cost, diversified fund).  The star is $1000 to open, pretty diversified.  $416 is a lazy number that comes close to the $5000 annual limit for a Roth IRA in the US.  Contribute like clockwork, directly from your paycheck if you can.  This will make it easy to do and get you the benefit of dollar cost averaging. $200 or $300 into your savings account until you reach your emergency fund goal. $85 - $100.  Live a little.  Speculate in stocks with your vanguard account.  Or rent fancy cars.  Or taken a vacation or go party.  If you are saving $800/month in your early 20 be proud of yourself, but have a little fun too so you can let off steam.  It isn't much but you know you can play with it. Once you reach your emergency fund, save up for your future house or car or plane tickets to Paris.  Ask another question for how to save up for these kinds of goals.
"it doesn't matter who ""takes on"" Tesla, Tesla will be crushed  the only reason the majors are not getting in there is Tesla is a loser.  no profits, huge losses and a growing reveal that the Musker's [electric cars are not green](https://wattsupwiththat.com/2017/06/20/tesla-car-battery-production-releases-as-much-co2-as-8-years-of-gasoline-driving/)"
Perhaps you have heard of 'The Paris Accord'. No? Shame. The entire rest of the world signed on to it. So, yay 'murica and all but the rest of the world is dropping dollars on that big time.   Norway banned oil heating in all homes and businesses. 100,000 homes and business have 2 years to scrap their oil heating systems. 2 years! Germany completely banned the sale of internal combustion engines by 2030, India 2031, Norway, 2025, china wants 60% of the whole fleet to be electric in cities by 2030. Canada is raising their carbon taxes even higher, BC alone is set to $40mil on public car chargers this year and that is just the public money.   The rest of the world is moving and America is being left behind. 10 gigafactory sized battery plants are currently under construction and battery prices have been dropping by 30% per kwh per year every year. Power storage is expected to be the next semiconductor race for costs.  Like smartphones, this is the next tech boom and reading what is going on the industry right now is staggering. They are ramping up battery production like no time seen in recent history.  Oil prices are as much a function of speculation into the future as right now. The entire industry is slashing investment because they know that in a few short years it will become a shrink industry and that is not good for the bottom line. Saudi Arabia and most oil countries with 'cheap easy oil' are now vested in pumping as much oil as they can in the next decade. Leaders have quoted as saying 'what we don't pump in the next 10-15 years will never be pumped'.  The race is now on to pump cheap oil fast because these guys have driven tesla P85D's and they know what's up. Prices will continue to stay low because they want to crush the competition and be the last to sell oil. Holding on to their vast reserves is now bad for business where as before it was waiting for higher prices when you close the tap.
"&gt;There's tons of gas stations  There have to be, because you can't fuel your car at home like an EV driver can.  The only place fast-chargers are needed are along highways for people taking long trips.  And that's exactly where they are.    Tesla Superchargers are along all major highways, spaced so that drivers can get wherever they need to go.  Sure, it's more than 5 minutes to charge up a car.  But that's offset by spending NO time waiting for the other 90% of your daily driving.  Just plug in when you get home, and you've got a full ""tank"" of electricity every morning."
Even if the EV were powered solely by coal (the dirtiest energy source), it would still be significantly cleaner than an ICE.  I read somewhere that it would emit 40% less carbon.  In addition, the carbon intensity of the grid has been falling as renewables are increasingly deployed.  Put solar on your roof and your drive on sunshine.
Maybe. Or maybe carbon capture and storage becomes a bigger deal and oil and gas production continues. Or maybe electric cars take too long to take off and oil and gas remains relevant for the next 50 years. Or maybe any other thing  Just because something should happen does not necessarily mean that it will. You are attempting to predict the future. I happen to agree with your viewpoint for the most part, but that does not mean it is for certain.
"This is the best tl;dr I could make, [original](https://medium.com/@sethmiller_59231/this-is-how-big-oil-will-die-38b843bd4fe0) reduced by 91%. (I'm a bot) ***** &gt; Oil fuels the most politically volatile regions in the world, yet we&amp;#039;ve decided to send military aid to unstable and untrustworthy dictators, because their oil is critical to our own security.  &gt; Big Oil will be cut down in the next decade by a combination of smartphone apps, long-life batteries, and simpler gearing.  &gt; To understand why Big Oil is in far weaker a position than anyone realizes, let&amp;#039;s take a closer look at the lynchpin of oil&amp;#039;s grip on our lives: the internal combustion engine, and the modern vehicle drivetrain.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6hafjz/autonomous_electric_cars_will_be_the_demise_of/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~144319 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **oil**^#1 **vehicle**^#2 **mile**^#3 **cost**^#4 **year**^#5"
It's tricky to calculate what us Europeans pay equivalent to US 'gas' (petrol) prices.   I currently pay about €72 for ~42litres of petrol.   Heard on the radio that we pay the equivalent of ~$9/US gallon for petrol.   Why haven't the Germans gone all electric with their Mercs and Beemers? With the prices we pay it would make even more sense over this side of the pond. It's strange to wait for Tesla to mass-produce the electric car.  Shorter average distances too mean shorter commutes, so the range issue of batteries is also more favourable to European geography.
It is one of the most fascinating and rewarding experiences when flying your best RC helicopter. Over time, the helicopter begins to slow down. Here, you will notice that the battery life is on for a few minutes. Other than that, you may encounter an irritating pen that keeps the gas level low.
Wow, it looks like that finally electric cars are going to come at us like a rain storm and will be here to stay finally. I'm sure big oil doesn't like this article. Elon Musk is the man to thank for getting this going.
Not wholly accurate.  Most fully electric cars (Leaf, Focus) have published ranges of 100 miles but real-world of about 70.  Chevy Volts average 35, but have a backup generator to provide unlimited total range.  Regardless, plenty far for about 3/4 of people's commutes.  Also if you can charge at work, you can increase (up to doubling) the above figures.
It’s 60-70% of US transportation. Not ICE passenger transport. Around 60% of that is for LD vehicles. Down to around 35% of the total.  Global oil consumption is different that US oil consumption though.  Many countries are not as heavily saturated by vehicles on a per capital basis as the US.   It’s possible the stat I was reading was around 20% could be eligible for replacement by electric.    Other important note: Most vehicles are considered “electric” even if they are simply Hybrids that use an ICE to charge a battery.
I'm not saying they aren't properly structured to take advantage of the conditions. But they are absolutely being subsidized for better or worse.    California alone has spent $500m in electric car subsidies and is considering earmarking another $3b. The vast majority of those funds have gone towards Tesla. No other Mfg has been a bigger recipient.   Call a spade a spade.   I don't personally care enough to oppose it, but it's an advantage nonetheless.
Electric work trucks are going to be pretty badass once they roll out in the coming years. Insane amounts of low end torque, much simpler design and reliability, and a big vehicle with room for a massive battery. Definitely not a glorified golf cart for that use case.
It seems to me that oil will never again reach or exceed $100 a barrel.  The rate at which we are abandoning fossil fuels means we will never ever run out of the stuff. Demand will continue to decrease, and electric cars will be the first cars that are owned by the people in emerging markets in the next decade.  And in a decade from now, 90% of all new cars will be purely electric.  Beyond that, Fusion research on multiple fronts (but not ITER -  that will never ever produce a plan for a viable power station) points to total destruction of coal and gas as a fuel for power stations. And when they come online, you don't even need to build new power stations! All you do is build banks of reactors in the car park, hook up the steam pipes to the new reactors, and then bulldoze the old furnaces. Job done.
Some perceive current upgrades and advancements as the means to a more cost-efficient way of life. Unfortunately for residents across the nation, the electric upgrades make for an increase in monthly electric expenses. Therefore, it is up to us to conserve energy and reduce monthly energy bills.
"&gt; even 400 km could not be realized with a fully charged battery, the aide said. That meant in practice the environment minister could travel only as far as 150 km before being forced to turn back   Give me a break! At least 95% of travel with cars is done for much much shorter round trips (going to work, shop or visit grandma).  If you want to travel 1000 miles one way, rent a ""conventional"" car."
Plenty of people were upset when cars replaced horses, electrical trams and trains as the primary source of transportation.  We are still trying to constrain urban planning sprawl from the advent of car culture which currently is unsustainable.  Asphalt prices will be 3-4x higher in 20 years, million of miles of road are vulnerable.    If we had listened to many of the naysayers back then we would have foresaw some of future costs in makng a suburban culture for 100's of millions of people is impossible long term without severe economic and environmental repercussions.  Even electric cars require power to be generated somewhere and the length of a commute is only increasing in most metro areas.  Installing light rail as a band aid solution is going to run into imminent domain issues, costs and unknown amount of construction time.
This makes me sad.  I'm extremely happy with my OG EVO 4G &amp; I actually like Sense.  I've not owned a Samsung device, but I can't say I'm happy w/some of there track record, nor do I like TouchWiz at all.  And Motorola, wow, I don't think I will ever purchase another Moto device after the short lifespan of my old Razr and the crime against humanity that is the software on my work provided Droid4.
The average house uses about 30 kWh per day, and an electric car would require about 9 kWh per recharge. But residential electricity is only 37% of the grid, so even if every car in the US was electric, only 11% more capacity would be needed.
"One thing to consider is that road wear is largely proportional to vehicle weight to the 4 power. ""Generalized Fourth Power Law"". This leads to a result that an 18 wheeler is roughly the equivalent of 9600 cars.  One consequence is that we can tax shipping weight, assuming some of it will go over road. Another option would be vehicle registration fees that are proportional to the weight of the vehicle. Yet another would be a tax on automotive battery packs (comparable to the lifetime energy output if it were gas).  Keep in mind that most local road construction is funded by property taxes, not gasoline. Next time you see a cyclist, thank them for paying for the road and doing several hundred times less damage to it than your car. :)"
I know this is off-topic but our most long lasting car was a Lada. Lasted 13 years (used when we bought it) and even sold for a nice sum to some enthusiastic russian. But yes it will not be pretty if Russia reverts to autarky, even from a car perspective.
This is just an addition to base64's answer.  In order to maximize your overall wealth (and wellbeing) in a long run, it is not enough to look only at the expected value (EV). In his example of always keeping $9850 or having $10000 99% of the time, EV in the second case is greater ($9900 > $9850) and if you are Bill Gates than you should not take an insurance in this case. But if your wealth is a lot less than that you should take an insurance. Take a look at Kelly criterion and utility functions. If I offer you to take 100 million dollars (no strings attached) or to take a risk to get 200 million dollars 60% of the time (and $0 40% of the time), would you take that risk? You shouldn't but Bill Gates should take that risk because that would be a very good investment for him. Utility functions can help you choose if you want an insurance or not. Maybe you want to insure your house because the value of the house is a large percentage of your wealth but on the other hand you don't need to insure your car if it is very easy for you to afford another one (but not easy to afford another house). Lets calculate what your wealth should be in order not to take this $150 insurance on a $10000 item. If you pay $150 for an insurance you have guaranteed $9850. But choosing not to take an insurance is the same as betting $9850 in order to gain $150 99% of the time. By using Kelly criterion formula fraction of the wealth needed to make this bet is: [p*(b+1)-1]/b = [0.99*(150/9850+1) -1]/ (150/9850) = 1/3.  That means that if your wealth greater than $29950 you don't need an insurance. But if you want to be sure it is advised to use fractional Kelly betting (for example you could multiply fraction by 1/2) and in that case if your wealth is more than $59900 you don't need an insurance for this item.
"Assuming the renter was properly vetted, the only question worth asking is ""what has changed in your life?"" Perhaps one of the earners has lost a job, or has moved out because a couple has broken up. If nothing has changed but they just don't feel like paying you, start the eviction process. If something has changed and you assess that it's temporary (I lent my brother money and he didn't pay me back -  I'll be behind for a few months but I will catch up; my employer went out of business and didn't pay me for the last two weeks - I have a new job already and am waiting for my first paycheque) then perhaps you are willing to wait. If something has changed and it seems pretty permanent then you might reluctantly start the process. Depending on how long it takes where you live, the renter might get things under control before you finish."
Oil itself is actually quite nice because you can store it in large quantities cheaply, but it costs a lot to move it and get it out of the ground. Another factor which you pointed out is how you can only get an engine 50% energy efficient, whereas electric motors are far more efficient. The main problem with renewables is that it is hard to store in large quantities, since our batteries aren't that efficient at storing a lot of energy for nighttime/calm days. Nuclear power and a really efficient battery would solve all of our problems, but people are deathly afraid of nuclear.  The main point is that people have been predicting the end of oil for decades, just a matter of time until it's economically viable to stop using it.
Production volume in the third quarter of 2014 is expected to be 9,000 cars, up 2.7% from 8,763 cars produced in the second quarter of 2014. This includes the impact of the two-week production shutdown at the Fremont factory for the transition to the new final assembly line, which is expected to result in production loss of about 2,000 cars in the third quarter. However, due to the enhanced factory capacity, Tesla expects production volume to increase to an average of 1,000 cars per week in the fourth quarter of 2014 from 800 cars at present. &gt;Further, vehicle deliveries are expected to increase to 7,800 in the third quarter of 2014 from 7,579 cars in the second quarter. However, deliveries are expected to be lower than production due to increase in the number of vehicles in transit. Tesla also plans to lease about 300 vehicles in North America in the third quarter, which is expected to increase further in the fourth quarter. Further, the automaker anticipates to deliver more than 35,000 vehicles globally in 2014, up 55% over 2013. &gt;Adjusted automotive gross margin, excluding ZEV credits, is expected to increase to 28% by the end of 2014. The company believes that declining parts prices and economies of scale will benefit its gross margin. &gt;Operating expenses are expected to increase in the third quarter of 2014. The company believes that research and development expenses will increase 20% sequentially in the quarter. Selling, general and administrative (SG&amp;A) expenses are projected to rise 15%. &gt;Capital expenses for the year are expected to range between $750 million and $950 million, up from the previous projection of $650–$850 million. Tesla is investing heavily in increasing production capacity, development of Model S and Model X, the Gigafactory construction and expansion of sales, service and Supercharger infrastructure. Increasing revenue, increasing sales, increasing gross profits, increasing margins = increasing investments into the company for exponential growth. Baby you've never been risk taking in your life before?