CA Lease or buy? deciding today

[gadgetfreaky]

wow, I put my order in 2 weeks ago, email today said I can get delivery within 1-3 days.
I initially put it as a lease, without FSD (hoping subscription launches). But I do want to lower the tesla for a softer ride, get rims, and maybe wrap it. I was told if I get rims, when I return I have to return with the original rims? You think I have to put back the original coils?

I'm bummed there isn't a buy back opportunity at the end. I got the long range, but am convinced next year the new battery will get the Y to over 400 miles and in 3 yrs hopefully further?

How long do the batteries last if I buy it? Upside on buying is I can always give the car to my son, or sell it. I'd take the cash i was going to buy and probably just buy tesla stock

If I lease, I'd probably charge it to 100% as default to get the range.

The money factor on the lease is pretty high. but not putting anything down and payment is $827 mo.

$827.04
Term
36 months
Annual Mileage
12000 mi
Monthly Sales Tax
$71.75
Money Factor
0.0018542
Cost Over 36 Months
$31,610.47
Disposition Fees
$395.00

Additional Charges​

Cash Down Payment
$0.00
First Monthly Payment
$827.04
Tire Fee
$7.00
Acquisition Fee
$695.00
License Fee
$440.00
Electronic Filing Fee
$30.00
Registration Amount
$296.00
Sales Tax
$150.17

 

[ScoobyDoo82]

wow, I put my order in 2 weeks ago, email today said I can get delivery within 1-3 days.
I initially put it as a lease, without FSD (hoping subscription launches). But I do want to lower the tesla for a softer ride, get rims, and maybe wrap it. I was told if I get rims, when I return I have to return with the original rims? You think I have to put back the original coils?

I'm bummed there isn't a buy back opportunity at the end. I got the long range, but am convinced next year the new battery will get the Y to over 400 miles and in 3 yrs hopefully further?

How long do the batteries last if I buy it? Upside on buying is I can always give the car to my son, or sell it. I'd take the cash i was going to buy and probably just buy tesla stock

If I lease, I'd probably charge it to 100% as default to get the range.

The money factor on the lease is pretty high. but not putting anything down and payment is $827 mo.

$827.04
Term
36 months
Annual Mileage
12000 mi
Monthly Sales Tax
$71.75
Money Factor
0.0018542
Cost Over 36 Months
$31,610.47
Disposition Fees
$395.00

Additional Charges​

Cash Down Payment
$0.00
First Monthly Payment
$827.04
Tire Fee
$7.00
Acquisition Fee
$695.00
License Fee
$440.00
Electronic Filing Fee
$30.00
Registration Amount
$296.00
Sales Tax
$150.17

The numbers seem high yes, and the MF is odd, but it’s only a 3 year lease when you look at it…. Having no buyout is the main issue. I wouldn’t lease, it seems that the better financial decision is to buy it for around the same monthly payment - but spread out over 5 years.

 

[Dennisis]

I say buy - loan rates are crazy low and these cars are keepers IMO.

 

[Dennisis]

The numbers seem high yes, and the MF is odd, but it’s only a 3 year lease when you look at it…. Having no buyout is the main issue. I wouldn’t lease, it seems that the better financial decision is to buy it for around the same monthly payment - but spread out over 5 years.

I got a 72 month loan at 2.29% from Navy FCU last year - too low not to buy. Ended up paying it off early but still, a great deal now still I'm sure....

 

[Eric9610]

Something seems strange here… what model Y are you looking at a P or LR? If it’s LR that number is way off. The actual payment would be in $680-$750 range all in with tax.

 

[gadgetfreaky]

That's for long range. but I put zero down. it's white Long Range, 19" rims, and 3rd row seats.
Also, does it matter i'm in CA ? the tax rebate impact?

Car Price​

$57,790.00​

Monthly Payment​

$827.04​

Amount Due​

$669.07​

Includes taxes, fees, order fee and payments

Price Details​

Model Y
$39,990.00
Black and White Premium Interior
$1,000.00
Long Range All-Wheel Drive
$12,500.00
Seven Seat Interior
$3,000.00
Destination Fee
$1,125.00
Documentation Fee
$75.00
Order Fee
$100.00
Car Price
$57,790.00

Financing Details​

Monthly Payment
$827.04
Term
36 months
Annual Mileage
12000 mi
Monthly Sales Tax
$71.75
Money Factor
0.0018542
Cost Over 36 Months
$31,610.47
Disposition Fees
$395.00

Additional Charges​

Cash Down Payment
$0.00
First Monthly Payment
$827.04
Tire Fee
$7.00
Acquisition Fee
$695.00
License Fee
$375.00
Electronic Filing Fee
$30.00
Registration Amount
$269.00
Sales Tax
$137.78

Payments Received​

Order Deposit
- $100.00
All dates and times in UTC

Additional Credits​

CA Clean Fuel Reward
- $1,500.00
Contingent on residents signing any required documentation

Amount Due​

$669.07​

 

[Eric9610]

Ah I see the 7 seat configuration… I went same configuration minus 7 seat with 20”.

 

[Dennisis]

Consider MF=4.45% interest rate, you'll for sure have to put new tires on, probably 2 sets so they're OK for turn in, and you'll have zero equity when done. Plus depending on how much you drive you may have to pay for extra mileage - if you don't drive as much you may get a small credit after turn in. Maintenance cost is very low which also favors buying IMO. Just a few of many things to consider....

 

[UT4EVER]

I have a purchase and a lease. My PUP was a purchased last August at 1.99% (employer credit union). My LR was lease purchased in March.... I got red (+2k), induction wheels (+$2k) and 15k miles and my payment is $723. The payment difference is due to the leasing laws in our states. In Georgia, you have to pay the taxes up front (purchase price - residual value). So, my “zero down” lease required over $3k due at signing..... 1st payment, taxes, fees.

 

[gadgetfreaky]

decided i'm just gonna buy. they are ready to deliver, wondering if i should just finance thru tesla, vs. trying to find a lower rate?

 

[nbeninati]

With what you are wanting to do to the vehicle seems like you are better off buying.

Payment is not that much different. In 3 years if you buy at least you got something vs nothing.

Hopefully, if ev tax credit passes its back tracked Mayish? That could help you as well.

 

[Celeritas]

Either way, it's a good choice! If you have a business to write off the lease, that works if you are not going overboard with the miles. A lot of people love to drive this thing.