2021 Tesla Model 3 SR+ -- lowest cost configuration -- new, unregistered, zero miles -- take delivery in Burbank, CA in 1-2 weeks

[1stcity_3rdcst]

First time Tesla buyer looking to sell my Model 3 Standard Range Plus prior to taking delivery. It's the last Model 3 in this configuration available in America without waiting until January 2022 for an ordered Model 3. This is the lowest possible price for a brand-new Model 3.

I made a snap decision to buy this vehicle because I didn't want to wait until January for an order with my preferred options but it's an extra car and after thinking more, I may order a Polestar or differently-configured M3 instead.

This is a truly no-option Model 3, in White with standard Aero wheels and Black interior. Because it's unregistered coming directly from Tesla you can lease or finance as new. The car is en route and due into the Burbank delivery center in the next week or so. Motor Vehicle Purchase Agreement attached to this post. Tesla will be waiving the transportation fee as well.

I'm looking for $1,000 to transfer the delivery to another buyer/lessor. Message me here or text/call me at three one two - two eight six - four three zero two if you have any questions!

-Neil

 

[Tam]

...This is the lowest possible price for a brand-new Model 3...

I don't think the $1,000 Transportation Fee should be there if it's a brand new car.

The brand new car pays "Destination and Documentation Fees".

Used car or inventory cars will charge "$1,000 Transportation Fee" if you can't come to pick up the car from the available location: If I live in CA but I don't want to come to Tesla Show Room in NY to pick it up.

 

[1stcity_3rdcst]

I don't think the $1,000 Transportation Fee should be there if it's a brand new car.

The brand new car pays "Destination and Documentation Fees".

Used car or inventory cars will charge "$1,000 Transportation Fee" if you can't come to pick up the car from the available location: If I live in CA but I don't want to come to Tesla Show Room in NY to pick it up.

For sure -- this car was in existing inventory in Colorado and Tesla is shipping it to Burbank for delivery. The advisor did say they will be waiving the fee, however.

 

[1stcity_3rdcst]

I just received notice that the car will be available for pickup in Burbank next Wednesday, Sept 8! You can lease this Tesla for $389/month for 24 months with $6,000 due at signing, or for 36 months with $6400 due at signing. Or purchase at your own interest rate and down payment.

 

[Kairide]

$6K down on a lease?? I hope no one is that dumb.

 

[1stcity_3rdcst]

$6K down on a lease?? I hope no one is that dumb.

It doesn't _really_ matter what you put down on a lease because the total payments are pre-set based on the residual value and the effective APR is so low. All the down payment does is adjust the monthly payment up or down but in the end you're paying the same amount out of pocket.

 

[Kairide]

It doesn't _really_ matter what you put down on a lease because the total payments are pre-set based on the residual value and the effective APR is so low. All the down payment does is adjust the monthly payment up or down but in the end you're paying the same amount out of pocket.

I guess you aren't familiar with leases, because that's not how it works. General rule of thumb is your monthly will go down by $20 for every thousand you put down.

If you do the math: Based on your screenshots
Option A: $6,054 down, $389 per month for 24 months.
Total would be $389 x 24 = $9,336 + $6,000 = $15,336

Option B: $502 Down (TTL + 1st month payment), ~$509 per month for 24 months
Total would be $509 x 24 = $12,216 + $502 = $12,718

Putting more money down on a lease does zero to help financially. That money goes straight to the dealer as profit. You can't base car purchases on monthly payments, you need to look at the overall picture. Since you can't purchase a M3 lease at the end, you won't even gain that equity back by buying the car at the end. It's also not advisable since you don't own the vehicle. If it gets totaled, you just lost that $6K.

The equivalent APR of your lease is 4.7%, I wouldn't consider that "so low". For comparison, converting from MF to APR, here are ballpark numbers for the following brands. BMW 2.2%, Lexus, 1.2%, Audi 1.8%, of course these are location and lease term dependent rates, but it shows how terrible Tesla's rates are for leasing. The outstanding residual you have of 76% helps offset some of the high MF, but Tesla is still ridiculously high on their lease rates.

 

[Greengolfer]

Kairide, your math is somewhat flawed.
A 36 month lease with $500 down($1703 due at signing) is $19,991 over three years(508 X 36 + 1703 = $19,991).
A 36 month lease with $6000 down($7040 due at signing is $19460 over three years(345 X 36 + 7040 = $19460).
These numbers are straight from the Tesla finance page. As you can see, that is only a $14.75 a month difference over three years.
Leases are based on a money factor and the residual value(or the percentage of the total value that the car is sold for). A money factor is usually between 0.00100 and 0.00300. I recently completed a lease through BMW for a family member and the money factor was .00113.

 

[Kairide]

Kairide, your math is somewhat flawed.
A 36 month lease with $500 down($1703 due at signing) is $19,991 over three years(508 X 36 + 1703 = $19,991).
A 36 month lease with $6000 down($7040 due at signing is $19460 over three years(345 X 36 + 7040 = $19460).
These numbers are straight from the Tesla finance page. As you can see, that is only a $14.75 a month difference over three years.
Leases are based on a money factor and the residual value(or the percentage of the total value that the car is sold for). A money factor is usually between 0.00100 and 0.00300. I recently completed a lease through BMW for a family member and the money factor was .00113.

It's good to hear that you helped complete a lease for a family member. I've leased multiple Audis and my Model S within the past 10 years, I know how leases work.
My math was based off the OPs screen shots for a 24 month lease. His screen shots had the MF and costs broken down which were pretty specific. I'm not sure what Tesla finance page you're referring to. If it's the one on the build page, that's way too generic and doesn't include all fees and taxes. Also, if you were using that page, I hope you weren't using the "potential" vs actual costs.

Your numbers have the $6k down, 36 month lease at $345 per month, which is $44 per month less than the OPs. If you add that $44 + $14.75 per month, you get a difference of $2,115. Which is close to the $2618 difference I had in my equation that was specific to the example.

I think it's pretty hard to argue that putting $6K down on a lease is ever a good thing. Especially a car you can't purchase at lease end.

 

[C4sxm5]

First time Tesla buyer looking to sell my Model 3 Standard Range Plus prior to taking delivery. It's the last Model 3 in this configuration available in America without waiting until January 2022 for an ordered Model 3. This is the lowest possible price for a brand-new Model 3.

I made a snap decision to buy this vehicle because I didn't want to wait until January for an order with my preferred options but it's an extra car and after thinking more, I may order a Polestar or differently-configured M3 instead.

This is a truly no-option Model 3, in White with standard Aero wheels and Black interior. Because it's unregistered coming directly from Tesla you can lease or finance as new. The car is en route and due into the Burbank delivery center in the next week or so. Motor Vehicle Purchase Agreement attached to this post. Tesla will be waiving the transportation fee as well.

I'm looking for $1,000 to transfer the delivery to another buyer/lessor. Message me here or text/call me at three one two - two eight six - four three zero two if you have any questions!

-Neil

What’s the difference between taking your reservation and purchasing the handful listed on telsa page under existing new inventory?

 

[systemr]

What’s the difference between taking your reservation and purchasing the handful listed on telsa page under existing new inventory?

Not much, but it is worth nothing all the 3's in inventory are LFP packs with 253 vs 263 mi range.

 

[C4sxm5]

Not much, but it is worth nothing all the 3's in inventory are LFP packs with 253 vs 263 mi range.

You think one is better?