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2017 Model X P100D lease takeover $1,367/mo

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Lhshockey24

Lhshockey24

Member
Nov 25, 2017
659
682
Austin, TX
#1
https://onlyusedtesla.com/listing/model-x-2017-obsidian-black-0a581/

All details within listing. We have hit the lease miles, but even at $.25/mile you can drive 20,000 miles over the remainder of the lease and still be much cheaper than putting $10,000 down and paying $1,500/mo on a new lease.
18 months left.

2017 Tesla Model X P100DL. Lease Takeover. San Fransisco , California
ENHANCED AUTOPILOT
6 Seat Interior
Obsidian Black Metallic Paint
20″ Sonic Carbon Wheels
Tan Interior
Tan Leather Seats
Figured Ash Wood Decor
Front Console
Light Alcantara Headliner
Ludicrous Speed Upgrade
Tesla Red Brake Calipers
High Amperage Charger
Premium Upgrade Package
Smart Air Suspension
NO MONEY DOWN.
$1,000.00 incentive offered to take over lease.
25 cents a mile.
 
#3
Please verify my math here.

18 months left at $1376 a month
Current mileage is 41,850 or 11,850 ($2962.50) over the lease terms.
You are offering a $1000 incentive to take over the terms and the $2962 overage.
If someone drove 20,000 miles in the remaining 18 months it would be another $5,000 in overage.
$5,000 + 2962.50 - 1000 = 6962.50 / 18 = $386.81 extra a month
Total Effective Payment - $1376 + $386.81 = $1762.81 / month

Lease on new 2019 P100DL (black, 6 seater) - 10k down and $1403 / month
$10,000/30 months = $333.33
Total Effective Payment - $1403 + 333.33 = $1736.33 / month
 
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#5
Incorrect, the car was leased as a demo car with 11,000 miles already. So take off the ~$2,900 overage...I will have the listing updated.
You also forgot about california’s monthly tax on a lease so add another 9.5% to your monthly payment on a new lease and you’re well north of $1,900 (my takeover payment includes CA local tax monthly)
But thanks for playing.
JamesBrown said:
Please verify my math here.

18 months left at $1376 a month
Current mileage is 41,850 or 11,850 ($2962.50) over the lease terms.
You are offering a $1000 incentive to take over the terms and the $2962 overage.
If someone drove 20,000 miles in the remaining 18 months it would be another $5,000 in overage.
$5,000 + 2962.50 - 1000 = 6962.50 / 18 = $386.81 extra a month
Total Effective Payment - $1376 + $386.81 = $1762.81 / month

Lease on new 2019 P100DL (black, 6 seater) - 10k down and $1403 / month
$10,000/30 months = $333.33
Total Effective Payment - $1403 + 333.33 = $1736.33 / month
Click to expand...
 
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Reactions: Jimmy 1 and Cowby
#6
91B6573B-6417-4E2E-8901-77A34ACF4A29.jpeg Warranty also good until 52,875 miles.
 
#8
Lhshockey24 said:
Incorrect, the car was leased as a demo car with 11,000 miles already. So take off the ~$2,900 overage...I will have the listing updated.
You also forgot about california’s monthly tax on a lease so add another 9.5% to your monthly payment on a new lease and you’re well north of $1,900 (my takeover payment includes CA local tax monthly)
But thanks for playing.
Click to expand...
Not everyone lives in Cali (including myself), so I don't bother including Cali tax in discussions. But thank you for the rest of the information.

Did you see my previous comment? What is the end of lease buyout and is there an early buyout option?
 
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#14
Lhshockey24 said:
Well this escalated quickly. You can do the math on your own. It’s a little cheaper to take over this lease for 18 months and then see what’s out there after that. We drive too many miles now that we own two homes so it would be advantageous for us to get out of the lease. Could be a win win for the right person. Otherwise - F off.
Click to expand...

Lol, some takeover the lease from this guy, "otherwise everyone else can just F off" - must have a peach of a personality. I wouldn't deal with this kind even if he paid me...
 
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#15
cucubits said:
Lol, some takeover the lease from this guy, "otherwise everyone else can just F off" - must have a peach of a personality. I wouldn't deal with this kind even if he paid me...
Click to expand...

I’m actually really nice, and have successfully transferred a model S lease here before. It was a pleasant experience. It seems nowadays almost pointless to try here anymore.
My F off comment was referencing people using this thread to fight about things completely irrelevant to the original post, like who’s lurking here too long etc.
 
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#18
Did you ever get an answer on what the buyout is and if there is an early buyout option?


Also wanted to update my earlier numbers with the new information you provided since I cannot edit my first post.

18 months left at $1376 a month
Current mileage is 41,850 with 11,000 added as demo car. Only 850 miles overage. ($212.50)
You are offering a $2000 incentive to take over the terms and the overage.
If someone drove 15,000 miles in the remaining 18 months it would be another $3,750 in overage.
$3,750 + 212.50 - 2000 = $1962.50 / 18 = $109.03 extra a month
Total Effective Payment - $1376 + $109.03 = $1485.03 / month

Lease on new 2019 P100DL (black, 6 seater) - 10k down and $1403 / month
$10,000/30 months = $333.33
Total Effective Payment - $1403 + 333.33 = $1736.33 / month

That is $251.30 cheaper each month or $4,523.40 cheaper over the life of the 18 month lease.
 
Last edited:
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#19
JamesBrown said:
Did you ever get an answer on what the buyout is and if there is an early buyout option?


Also wanted to update my earlier numbers with the new information you provided since I cannot edit my first post.

18 months left at $1376 a month
Current mileage is 41,850 with 11,000 added as demo car. Only 850 miles overage. ($212.50)
You are offering a $2000 incentive to take over the terms and the overage.
If someone drove 15,000 miles in the remaining 18 months it would be another $3,750 in overage.
$3,750 + 212.50 - 2000 = $1962.50 / 18 = $109.03 extra a month
Total Effective Payment - $1376 + $109.03 = $1485.03 / month

Lease on new 2019 P100DL (black, 6 seater) - 10k down and $1403 / month
$10,000/30 months = $333.33
Total Effective Payment - $1403 + 333.33 = $1736.33 / month

That is $251.30 cheaper each month or $4,523.40 cheaper over the life of the 18 month lease.
Click to expand...

You’re still using the AFTER Cali tax number. It’s actually $1,259 + 109
TOTAL EFFECTIVE PAYMENT OF $1,368
$368/mo cheaper or $6,624 SAVINGS :)

$98,525 is buyout at end of lease, haven’t heard current but it will be abnormally high given the price cuts over the past year.

MY RECOMMENDATION FWIW...

Takeover the lease and negotiate the buyout with Tesla afterwards. There is NO way they can command $98k now that current prices have changed. They will have to put the car back on the market for SIGNIFICANTLY less so they might as well work with the lease owner at the time...
 
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#20
We are also ignoring the obvious possibility that, like most car makers, they might forgive lease miles overages if you buy or lease another car from them... I can’t imagine a company this disorganized even having a method to charge for overages from an admin perspective.
 
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