Welcome to Tesla Motors Club
Discuss Tesla's Model S, Model 3, Model X, Model Y, Cybertruck, Roadster and More.
Register
  • TMC Podcast #21 will stream live today at 1PM PDT. We will be discussing the wider release of FSD Beta, as well as other topics. As always, you can watch it and participate in the live chat on YouTube.

Am I making a bad choice?

Which adventure should I choose?


  • Total voters
    56
  • Poll closed .
I have a '16 Model S coming up on end of lease.

It has:
Post-refresh design (i.e., no nosecone, yes bio-defense, etc.)
44k miles
AP1
Free Unlimited Supercharging
Sunroof (no longer a thing)
Rear Jumpseats (no longer a thing, at least until Plaid variant brings them back)
Cold Weather Package

US Bank is offering to let me buy my own car out for 48k. (51k including all taxes & fees)

Similarly specced rides (*without* the supercharging) via CPO go for, say, 57k. (61k w/taxes/fees)

As far as I can tell, the only "rub" is that the CPO's have the 2yr/100k warranty thrown back on, whereas I'm in month 40 of my 4yr/50k warranty.

I dunno man: Everything I've ever read suggests that buying your own leased vehicle is a sucker's bet, but I really like my car (both sentimental AND it has features you can't get anymore: sunroof/jumps)

Would appreciate your thoughts on my "Choose My Own Adventure" below!
 
I have a '16 Model S coming up on end of lease.
I dunno man: Everything I've ever read suggests that buying your own leased vehicle is a sucker's bet, but I really like my car (both sentimental AND it has features you can't get anymore: sunroof/jumps)

This is an overall observation and doesn't always apply to everyone's situation.

If you are happy with your car, I'd keep it.


Btw, mine's very similar, refreshed front, midnight silver, and rear facing seats!
 
Last edited:
  • Like
Reactions: LoL Rick and Jumper
Just had the exact same decision to make and went the Model S route. Aside from the larger trunk the more conventional operation, free SC and especially the sunroof lured me over. Only regrets are lack of trailer hook and the size is just a tad too much for a European city.
Thanks Simon. Just to make sure I'm following: You bought *your own leased car* over a 3, or you bought a "new to you" Model S?
 
Yes, if you buy-out your lease, you essentially will have overpaid by a lot on your S in interest and the lost tax credit.

Realistically speaking though, it just depends on what you want in a car. The cost of supercharging is insignificant, but if you’re looking for value, the increased charging speed is really worth it. For me personally, I can’t imagine getting anything other than a new Model 3 for comparable money. YMMV, though. Good luck!
 

Saxgod

Thread Necromancer
May 3, 2019
252
156
Texas
I have a '16 Model S coming up on end of lease.

It has:
Post-refresh design (i.e., no nosecone, yes bio-defense, etc.)
44k miles
AP1
Free Unlimited Supercharging
Sunroof (no longer a thing)
Rear Jumpseats (no longer a thing, at least until Plaid variant brings them back)
Cold Weather Package

US Bank is offering to let me buy my own car out for 48k. (51k including all taxes & fees)

Similarly specced rides (*without* the supercharging) via CPO go for, say, 57k. (61k w/taxes/fees)

As far as I can tell, the only "rub" is that the CPO's have the 2yr/100k warranty thrown back on, whereas I'm in month 40 of my 4yr/50k warranty.

I dunno man: Everything I've ever read suggests that buying your own leased vehicle is a sucker's bet, but I really like my car (both sentimental AND it has features you can't get anymore: sunroof/jumps)

Would appreciate your thoughts on my "Choose My Own Adventure" below!
I think 48k for that car is a deal.
 
  • Like
Reactions: Jumper
I bought pretty much that exact car from Tesla in January for 48.8k. Obviously the only difference is that mine came with a 4y/50k warranty. You've already lost the depreciation of the initial buy, so you really just have to compare the value of the car as they offer it vs the value of alternatives.

From what I see, I bought my car at an absolute steal, so you should be totally good, provided you are ok with the technology of the car (AP1, charging speeds, etc)
 
  • Like
Reactions: Jumper
Sounds like a deal, 10k difference, so it's still cheaper if you purchase extended warranty. Other thing to consider is you really don't know what you get when you buy from Tesla, I heard some horror stories. At least with this one, you know exactly what you are getting. I actually just bought a 2018 S 75D last month for $59k. It had 9000 miles on it. Still under warranty, so that's something else to consider.
 
  • Like
Reactions: Jumper

David29

Active Member
Supporting Member
Aug 1, 2015
2,469
2,126
DEDHAM, MA
I faced the same choice last fall, and bought the leased car. At the time, my impression was that i was paying a bit of a premium, but like you, I had features no longer available (sunroof and gray leather upholstery) and I had had good luck with it. And there is a value associated with not having to search for and buy another car. Or, to put it another way, there is a cost to shopping for another car in terms of effort and stress, especially if you try to buy a "good used car." By the way, my price was higher than yours, too! And it is only a 70D!
 
I don't see why. You know exactly the history of this car. Has it been reliable? Are there problems with it that you know will need to be addressed in the next year?

honestly no problems I’ve been very fortunate with this car, and while I haven’t gone out of my way to take “special“ care of it, I haven’t abused it in the least either. I see what you’re saying: the devil you know versus the devil you don’t.
 
  • Like
Reactions: David29
honestly no problems I’ve been very fortunate with this car, and while I haven’t gone out of my way to take “special“ care of it, I haven’t abused it in the least either. I see what you’re saying: the devil you know versus the devil you don’t.
You just reminded me of why I had my old 1997 BMW 328i repaired after an accident in 2011 rather than let Travelers Insurance total it. They gave me the choice. My decision: Better the devil you know. And that was a good decision. Good luck with yours.
 
  • Like
Reactions: Jumper
Another way to look at it - you're going to be losing at least 30-40% of the value of a new M3 over the next 4 years (especily considering they're basically Honda Civics as far as adoption demographics goes), whereas you're looking at about half that for your "used" MS. I'd say you have a nice little unicorn as far as value goes.

90kWh battery and AP check the boxes that make it a pretty compelling private party sale.
 

Products we're discussing on TMC...

About Us

Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.

Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


SUPPORT TMC
Top