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3rd party leases

Discussion in 'Model S: Ordering, Production, Delivery' started by Snowstorm, May 26, 2017.

  1. Snowstorm

    Snowstorm Member

    Joined:
    Dec 8, 2016
    Messages:
    365
    Location:
    Ontario Canada
    I have a s100d coming in a month and would like to lease the car to offer some peace of mind regarding residual a few years later in case I want to upgrade. Recently however, the lease rate in Canada jumped to 6%, making it very unattractive.

    Has anyone found an alternative in terms of leasing that is better? Does 3rd party companies offer lease options?
     
  2. OilSucks

    OilSucks Member

    Joined:
    May 29, 2017
    Messages:
    131
    Location:
    Northern California
    Not at all, at least here in the states. I also did some extensive research trying to find a better lease deal but there is nothing. And in reality, I don't think I'd want to deal with a 3rd party when leasing such a high end car.

    Also, why the rate increase?! What jumped up specifically? The tax on the cars sale price?
     
  3. Snowstorm

    Snowstorm Member

    Joined:
    Dec 8, 2016
    Messages:
    365
    Location:
    Ontario Canada
    Tesla said the bank they are getting the finances from to fund the lease is charging them more. I don't know too much about that but it was 4% and now it is 6%. I try to put 100% down to reduce interest charge but they won't let me, max down is 25%. At 6% I would probably go cash or finance but then don't get the guaranteed residual price. I wish Tesla would reinstate resell / trade in value guarantee.
     

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