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erthquake
Active Member
erthquake
Active Member
By "soaked", I mean the consumer is getting the bad end of the deal.
According to the Design Studio, for a base Model S, monthly payments over a three year lease (including the $6485 due at signing) are about $970. For a loan ($5k down, 6-year term at 0.99%), the monthly cost (including the down payment spread over the first 36 months) is about $1079. So buying the car is only $109/month more than leasing over the first three years. But after 36 months won't the leasee is have to cough up a significant amount of cash to keep the existing car or start another lease?
And can't Tesla let a third-party offer the leases so that Tesla can sell more cars?
Reciprocity
Active Member
You cannot keep it, unless you want to over pay for it because of the tax credit. That is why I didnt do the lease. For me, the savings for leasing was must more substantial, but I would have had to turn in the car in 3 years and they didn't have 25,000 mile leases, so it would have been painful to turn it back in. But anyway.. Even if you are right, they are not so soaked when you factor in not being able to use the tax credit vs having the tax credit included in the residual value, thus lowering your payment.
Has Tesla indicated yet if they will divulge M3 production numbers for July and August prior to end of Q3?
While they could mention progress of the M3 ramp during the Semi reveal event, my guess is they won't, especially
if the Semi event comes close to end of Sept. Any word yet on a firm date for that? Thx
While they could mention progress of the M3 ramp during the Semi reveal event, my guess is they won't, especially
if the Semi event comes close to end of Sept. Any word yet on a firm date for that? Thx
Sorry for the confusion y'all. This was all, because of Reciprocity's reply to Sudre's reply to 22522 (who's probably on many people's ignore list):
Yes, that's how a lease would help those who don't qualify for the tax credit (like how current leaf/bolt lessee's benefit). And I agree that Tesla will eventually offer a lease option, just NOT in time for those who don't qualify for the tax credit to benefit from it. I was pre-empting 22522's use of that thought process to justify _his_ position, which was whom my rant was ultimately directed to. Sorry for the collateral damage.
My issue was with 22522 who was expecting Tesla to sell their base model ASAP, before they have full production (thus at a loss) just so that he can take the tax break.
Yes, that's how a lease would help those who don't qualify for the tax credit (like how current leaf/bolt lessee's benefit). And I agree that Tesla will eventually offer a lease option, just NOT in time for those who don't qualify for the tax credit to benefit from it. I was pre-empting 22522's use of that thought process to justify _his_ position, which was whom my rant was ultimately directed to. Sorry for the collateral damage.
My issue was with 22522 who was expecting Tesla to sell their base model ASAP, before they have full production (thus at a loss) just so that he can take the tax break.
Reciprocity
Active Member
That would be dumb, because it would be the single best reason for Tesla to offer a lease. Maybe the only good reason according to you. You do realize that you can lease a Model S or X today right? Each one is worth 3+ Model 3's. Does Tesla have better things to do with that money as well? I wonder, oh I wonder why they offer the lease.... hrm.. maybe because consumers want it.
The $7500 tax credit will more then likely drop to $3,750 on July 1, 2018 or in one year. The smaller batter will more then likely be offered starting around Oct-Nov. 2017. The 7-8 months between those two dates are the critical time for Tesla to offer a lease and less and less important after July 1, 2018. So I dont think I agree with you. Still.
During that time roughly 50,000 Model S/X will be sold in the US and potentially 230,000 Model 3s or just under 5x. Most will not need a lease to take advantage of the full credit, but for the ones that do, the lease is the only option. I am pretty sure that If I can figure out, Tesla can to.
JRP3
Hyperactive Member
Video Exclusive: A Closer Look at the Tesla Model 3’s Interior - Motor Trend
Phone charger thing is pretty nifty. Didn't see that before.
Phone charger thing is pretty nifty. Didn't see that before.
Sure, but they still will need to subvene money factor and/or residual value. Thus the most attractive deals will still hit the P&L for money factor and contingent liabilities for money factor. These may be minimal now but periodically residual value hits are enormous. BMW once lost ~15,000 per unit on 750 leases when a redesign hit. That is not unusual.
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