How will you pay for your new model 3?

[pmich80]

i'm shocked so many are financing. I assumed many would be leasing since battery tech is still new. I'm still undecided myself but i will drop probably close to $20,000 down. I'll get a rebate cheque for $14,000 from the Ontario gov't for getting an EV which is pretty awesome and generous.


If that credit is still around 3 years after the Model 3 is out i may opt to get a newer Model 3 or Y in that time. (hence why i may opt to lease first and then buy/finance another Model 3 or Y then.

 

[mistermonty705]

i'm shocked so many are financing. I assumed many would be leasing since battery tech is still new. I'm still undecided myself but i will drop probably close to $20,000 down. I'll get a rebate cheque for $14,000 from the Ontario gov't for getting an EV which is pretty awesome and generous.


If that credit is still around 3 years after the Model 3 is out i may opt to get a newer Model 3 or Y in that time. (hence why i may opt to lease first and then buy/finance another Model 3 or Y then.

ditto

im definitely leasing and then purchasing a newer tesla once my lease is over.

 

[AngelArm1110]

Just placed my reservation today, now I'm gonna save as large of a down payment as I can and finance the rest. There's certainly gonna be lots of down time before I take delivery

 

[pmich80]

Just placed my reservation today, now I'm gonna save as large of a down payment as I can and finance the rest. There's certainly gonna be lots of down time before I take delivery

Don't forget we get a $14,000 tax rebate for the car

 

[pjfranks1509]

I will be leasing. I have a Model S now that I lease. The reason for the lease is not business but technology. The technology is changing so fast in three years more hardware might be required for software updates. I am concerned that the hardware could not be retrofitted. So for me this is why I will lease

 

[eloder]

i'm shocked so many are financing. I assumed many would be leasing since battery tech is still new. I'm still undecided myself but i will drop probably close to $20,000 down. I'll get a rebate cheque for $14,000 from the Ontario gov't for getting an EV which is pretty awesome and generous.


If that credit is still around 3 years after the Model 3 is out i may opt to get a newer Model 3 or Y in that time. (hence why i may opt to lease first and then buy/finance another Model 3 or Y then.

Lithium ion tech is pretty new, and specifically how Tesla uses lithium ion batteries has been well-proven from the Model S.

I don't think a single EV has battery issues, outside of Leafs having capacity loss issues due to no liquid temperature cooling system. It's certainly more reliable than ICEs.

Me personally, I'll be financing. I'm sure the tech will improve substantially in three years, but I want to own a piece of history. Only thing that may make me reconsider is if the autopilot tech won't be up to Elon's promises and may require an additional refresh for full autonomy in the future.

 

[ItsNotAboutTheMoney]

I expect that if the Base is reasonable, I'll purchase:
Base: I'm not intending to buy extra range. If I feel that it needs it, I'll look at long-range alternatives anyway.
+ Subzero: it gets cold here
+ Enable Supercharging: because I want to be able to use it
+ Enable Autopilot: the last is a "toy" that will come from my "pocket money", rather than my car money.
The exception would be if the base is $35k, but spending more would be paid for by the tax credit, and not spending more would miss out on the tax credit.

(We've lived without AWD so far. Snow tires should be good enough.)

 

[JohnSnowNW]

Lease. Tesla is updating their vehicle too fast for us to consider buying, at this point.

 

[goodbyebmw]

Anyone here selling their Model S to fund their Model 3? I have a "classic" 2013 60kWh that I plan to sell before delivery of the Model 3, hopefully the Performance version with the biggest battery pack.

 

[AngelArm1110]

Don't forget we get a $14,000 tax rebate for the car

That figure sounds pretty awesome, but would you mind sourcing it?

 

[Tony_YYZ]

That figure sounds pretty awesome, but would you mind sourcing it?

Here you go:
Electric vehicles incentive program

 

[AngelArm1110]

Here you go:
Electric vehicles incentive program

Well shut my mouth... I think I just became a Kathleen Wynne supporter, and isn't that a concerning thought lol. Seriously though that's wonderful news!! It's great to see a real push being made for the adoption of sustainable transport and renewable energy

 

[MiamiNole]

Putting it on my Marriott Rewards Chase Card. Buying a Model 3 will easily get me at least two free nights, yo.

 

[theyear1989]

Financing it all unless interest rates go through the roof between now and then. Also, I drive about 20k miles a year, so unless I lease to buy, the additional mileage penalty on a lease would eat me alive in fees.

 

[navguy12]

OK, so I was think how everyone will pay for the car. Cash? lease? Loan?
I was always in the frame of mind I would never buy a new car due to initial cost and depreciation. However with the model 3 things are different (for me at least) I do around 70k miles a year so the car will almost pay for its self in a year or so (fuel is around $7 dollars a gallon here in the UK) leasing is out of the question for me due to the high mileage.

Cash

 

[navguy12]

I'm buliding a house a year from now doing a lot of work myself I will just roll the 50k in the house payment. No car payment!

Speaking only from experiance in Canada, that wouldn't fly up here.

 

[pmich80]

h

Well shut my mouth... I think I just became a Kathleen Wynne supporter, and isn't that a concerning thought lol. Seriously though that's wonderful news!! It's great to see a real push being made for the adoption of sustainable transport and renewable energy

ahaha I'm so glad we made your day. Now you can even highly option your car. Aim for the sky .

 

[n00bie]

the current rate is 1.99% for auto loan at my local credit union. 35k is a lot of $ to go all in.

 

[RubberToe]

January 19, 2018 TSLA $250 call options.

RT

 

[NikolasRide]

It will all depend on what the banks are offering when I "build" my car and have to make the decision. I like the idea of leasing with the thought of upgrading in 3 years. However, my 8 year old daughter is already trying to convince to buy it because she wants me to give it to her when she turns 16...