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"Interesting" P90D X

Discussion in 'Tesla for Sale' started by hmmm, Jun 6, 2017.

  1. hmmm

    hmmm Member

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    i just stumbled upon this one and thought I would share it...heavily discounted, not quite sure why other than it's a low vin. 3yr lease in the low $900s a month, $105k cash and eligible for incentives. What am I missing?

    Model X P90D 5YJXCAE41GF006831 | Tesla
     
  2. DaveT

    DaveT Searcher of green pastures

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    Looks like it's no longer available. Sounded like a great deal.
     
  3. hmmm

    hmmm Member

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    Yes, I didn't think it would last long...

    Another one just showed up:

    Model X P90D 5YJXCBE47GF000733 | Tesla

    $984/mo incl. referral
    $107k

    I am not even in the market for an X, but these are tempting.
     
  4. DaveT

    DaveT Searcher of green pastures

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    Yeah looks good. If only it had AP 2.0. :)
     
  5. mcbarnet007

    mcbarnet007 Member

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    I have a feeling it's going to take 3 years before level 5 autonomous driving. If you just lease the car, you can transition over perfectly.
     
    • Like x 1
  6. Xolt

    Xolt Member

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    I saw it a day or two ago, it was a grey car. It had had body damage and quite a few miles. The day before there was an even better deal on a Pearl White one with L but same deal with the body damage. Problem is the damages are extensive enough to have a carfax which kills resale but if you lease it doesn't matter unless you care.
     
  7. TJtv

    TJtv Member

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    Where are you finding these? The listing is no longer available, but can you share some of the terms?
     
  8. hmmm

    hmmm Member

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    #8 hmmm, Jun 8, 2017
    Last edited: Jun 8, 2017
    I peruse ev-cpo.com on a regular basis and post whatever I find on the relevant boards...That's how I picked up my current car so I am paying it forward so to speak.

    From memory, these 2 Xs were fully loaded, ~5k miles, AP 1.0, ~$35k discount. The lease payments on the 1st one was $940-ish, the second $980, both with $6k-ish down, 3 year/10k miles per year.

    @Xolt good insight re. the carfax and I agree that this would impact resale. W/o getting a lease vs. buy discussion, these deals are best suited for leases imho for 2 reasons:

    1- No worries re. resale value impact
    2- But even more importantly, the high discount decreases monthly payments significantly when leasing: since the residual is based on the MSRP while the monthly payments are based on the final, discounted price, the residual is in essence inflated, which reduces the lease payments and the higher the discount as a percentage of the sale price, the better.

    For context, when I leased my car, I had to walk Tesla Finance through this twice as they were running the numbers wrong by only accounting for the sale price, not the MSRP price and the associated difference between the 2.
     
  9. TJtv

    TJtv Member

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    I agree 100% with you hmmm. Leasing a tesla vehicle that has a high discount compared to MSRP is financially very attractive - solely due to the way Tesla structures the leases. If you can do a 2 year lease(not sure if they still do those) it's even better. This is how many folks got P90D Model S mid-2016 for a monthly lease payment around $500/month. What a fantastic deal those were!
     
  10. hmmm

    hmmm Member

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    Indeed. I was lucky to jump on the thread below early and that's how I 1) realized how the math was supposed to work and 2) pulled the trigger really fast after that...only asking my wife for forgiveness after the fact :)

    Snagged a P90D Inventory car for $700/mnth on the new 24 month lease
     
    • Like x 1
  11. dmunjal

    dmunjal Member

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    Great points! Does Tesla handle the $7500 rebate differently for leasing inventory cars vs. brand new?
     
  12. TJtv

    TJtv Member

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    No. The $7500 is always added into the residual regardless of whether it's a custom order new car or an inventory new car.
     

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