KAVE23
Member
That is another reason why I'm leasing. The technology, pricing, and competition are evolving really quickly right now. There is a really good chance that in 3 years there will be better and cheaper options. Or maybe I'll just want a Y instead.
In that purposed scenario where we know something is coming in 2023.... Tesla offers a 2 year lease option too. It's not advertised but when you're filling out the "paperwork" after you place the deposit it's presented as an option.
All the same reasons I'm looking at the lease. In addition to avoiding local state taxes (6%), I'm also adding (or subtracting) the interest I'll make on the $60k that could be sitting in 2% savings account, since I won't be financing the purchase.
Based on my calcs, the residual value of the M3P will need to exceed 62% to just get to the same monthly cost. This seems like a really high valuation for a 3-year old vehicle.
I also live in Michigan, so leasing is another way to address the risk of not having a local dealer/service center. If service/reliability sucks, I'd only have to 'suffer' for 3 years...