TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker or making a Paypal contribution here: paypal.me/SupportTMC

Anyone buy their vehicle after the lease was done?

Discussion in 'Model S: Ordering, Production, Delivery' started by torikun, Sep 6, 2016.

  1. torikun

    torikun New Member

    Joined:
    Sep 6, 2016
    Messages:
    4
    Location:
    Pacheco
    Hello. I just ordered my model S under a lease and am waiting for it to be built. Has anyone here purchased their vehicle after their lease was up? How did it go? Was it worth it? Do you get a fair price? Did you have to pay more than the car was worth? Since I traded in my old car to be able to afford the model s, I hoping that owning it is financially possible when I am done.
     
  2. number12

    number12 Member

    Joined:
    Aug 16, 2016
    Messages:
    779
    Location:
    Tesla
    LOL. Tracking
     
  3. SoCal Jimmy

    SoCal Jimmy Member

    Joined:
    Apr 24, 2016
    Messages:
    232
    Location:
    Los Angeles
    Highly unlikely anyone bought their car after their lease was up. Tesla adds the $7500 Federal Tax rebate to the backend residual and does not discount off if you opt to buy the car at the end. So in reality, you end up paying an extra $7500 for your car over having purchased it and taking that $7500 tax credit yourself.

    IMHO, those that lease, will return and re-lease something new after their 24/36 month terms are up.
     
  4. sandpiper

    sandpiper Active Member

    Joined:
    Sep 25, 2014
    Messages:
    1,463
    Location:
    Ontario, Canada
    I will be. The drop in the CAD$ is such that the vehicle is worth a lot more than the residual. Likely I will buy it, resale or trade and then lease another.
     
  5. torikun

    torikun New Member

    Joined:
    Sep 6, 2016
    Messages:
    4
    Location:
    Pacheco
    Good advice. I will probably look at the model 3 in two years.
     

Share This Page