So I could use a little advice here. I just pulled the trigger on a Model 3 AWD with autopilot. However, I'm hesitating making my decision regarding how to pay for it, i.e. finance vs lease.
I know the general opinion is that the Tesla lease doesn't offer great terms however my concerns are as follows:
1) I've only ever leased and usually change my car every three years
2)I am unsure what to expect from the residual value of the model 3 at three years so as a result, my calculations about whether or not it makes financial sense to lease vary by a wide amount.
3) if I finance and sell at 3 years, do the lenders Tesla use require you to pay off the rest of the expected interest for the term of the financing or just the principle?
4) is 4.25 actually a good car loan rate? I have excellent credit would have expected lower
Any advice would be appreciated... Thanks guys
I know the general opinion is that the Tesla lease doesn't offer great terms however my concerns are as follows:
1) I've only ever leased and usually change my car every three years
2)I am unsure what to expect from the residual value of the model 3 at three years so as a result, my calculations about whether or not it makes financial sense to lease vary by a wide amount.
3) if I finance and sell at 3 years, do the lenders Tesla use require you to pay off the rest of the expected interest for the term of the financing or just the principle?
4) is 4.25 actually a good car loan rate? I have excellent credit would have expected lower
Any advice would be appreciated... Thanks guys