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Improved Leasing with US Bank

Discussion in 'Tesla, Inc.' started by Skotty, Oct 28, 2014.

  1. Skotty

    Skotty 2014 Model S P85

    Jun 27, 2013
    Kansas City, MO
  2. ggr

    ggr Roadster R80 537, SigS P85 29, M3P 80k

    Mar 24, 2011
    San Diego, CA
    It's been discussed in various other threads. Basically the difference is:
    1. It's a true lease, rather than a personal loan/buyback that looks like a lease. Thus US Bancorp actually owns the car.
    2. US Bancorp gets the $7500 fed tax break and can take it off the capital cost of the car, thus reducing the lease payments
    3. With more experience of the used Tesla marketplace, they attribute a higher residual value to it, also reducing the lease payments.

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