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Did I get a "good" lease deal?

Discussion in 'Model S: Ordering, Production, Delivery' started by dakine1, May 26, 2017.

  1. dakine1

    dakine1 Member

    Joined:
    May 26, 2017
    Messages:
    44
    Location:
    phoenix, az
    I ordered a "Inventory" Model S Last week

    Specs:

    S 75
    Midnight Silver Metallic
    Glass Roof
    19" Slipstream Wheels
    Black leather premium
    Carbon Fiber trim
    Enhanced AP
    Premium interior package
    50 miles

    MSRP was 90,250

    Vehicle was marked down to 82,050 - referral = 81,050

    Lease is 36 months 5k down, 930 month (including sales tex)

    money factor is .00021 (5.04%) and residual is 54,430

    Seems like a decent deal, just making sure im not missing anything!
     
  2. hmmm

    hmmm Member

    Joined:
    May 12, 2015
    Messages:
    696
    Location:
    Driver Seat
    I went the inventory route too as the discount off MSRP has a significant positive impact on lease payments (as you know). These looks like "good" numbers to me.

    Just curious, how did you find it? Tesla site? Third party site? Direct interaction w/ someone at Tesla who found you an "offline" car?
     
  3. Tforme

    Tforme Member

    Joined:
    Mar 30, 2017
    Messages:
    44
    Location:
    Spring Lake Fl
    That "discount" off MSRP is misleading. If you currently configure the same car it's MSRP is $82550. Only $500 discount. The higher MSRP may have been from the higher base price of the 75 before the recent price reduction.
     
  4. OilSucks

    OilSucks Member

    Joined:
    May 29, 2017
    Messages:
    114
    Location:
    Northern California
    I haven't found the Inventory cars to be any better in price vs. a car you customize and get everything you want. I found that while I could get a car right away, I'd either have to give up the Dual Motor (which I can't imagine after test driving a D configuration) or the color of my choice or one of the FSD capabilities. Might as well get the car you want if you are going to drop this type of cash on it.
     
  5. hmmm

    hmmm Member

    Joined:
    May 12, 2015
    Messages:
    696
    Location:
    Driver Seat
    @Tforme and @OilSucks

    You both make good points, but are missing the specific point re. leases, and no, I don't mean to start another one of these lease vs. buy debate :)

    When leasing, the residual amount is calculated based off of the MSRP. The lease payments however are calculated based off of the final discounted sale price. Because of this, you're benefiting from an "inflated" residual so the higher the discount (as a percentage of the MSRP) the better as this will reduce your payments. That math is a key reason to look at inv. cars when going down the leasing route.
     
  6. MS16

    MS16 Member

    Joined:
    Jan 23, 2017
    Messages:
    330
    Location:
    Calif
    Sounds high to me for a 75 non D. What % is the sales tax?
     

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