I went to the Tesla Finance page and did a view source. How they do their calcs are there.
Unless anyone can present evidence that they use a different money factor, or residual, everything is being calculated pretty correctly..
Here's their math, for the technically minded (used by the Tesla Lease Calculator)
var constants = {
'money_factor': 0.0021,
'interest_rate': 5.04,
'federal_incentive': 7500,
'acquisition_fee': 695,
'deposit': 2500,
'min_down': 0,
'min_due': 2500,
'max_price': 100000
};
Now, you will get an error if you put a value in that's less than the 'base value' but just change it from the P to the non P. I thought this might affect the residuals, but it doesnt.
'X100D': {
'base': 96000,
'alg_residual': 0.50,
'deposit': 2500,
'downPayment': 5000,
'term24': true
},
'XP100D': {
'base': 140000,
'alg_residual': 0.50,
'deposit': 2500,
'downPayment': 5000,
'term24': true
}
For the non technical, what this means is that for purposes of lease calculation, the P100D and the 100D are treated the same, the 'base' is different and that only affects the error message displayed.
So you can use the Tesla Lease calculator for a more realistic view of your payment, just step down a model if your value would be less than the 'base' (This applies only for the P100D and 100D. It may apply to others but I haven't checked.)
