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CA Lease or buy? deciding today

gadgetfreaky

Member
Jun 10, 2021
97
13
los angeles, ca
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

Member
Mar 22, 2021
290
228
Los Angeles (818)
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

Supporting Member
Supporting Member
Feb 11, 2020
655
568
Tucson
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

Member
Sep 4, 2020
123
114
So Cal
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

Member
Jun 10, 2021
97
13
los angeles, ca
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​

 

Dennisis

Supporting Member
Supporting Member
Feb 11, 2020
655
568
Tucson
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

Member
Jun 22, 2020
176
141
Georgia
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.
 

nbeninati

Member
Jun 12, 2021
35
23
SC
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

Member
Jun 25, 2017
89
42
Chicago
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.
 

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