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Is it impossible to lease a Tesla in Georgia?

Discussion in 'Tesla Motors' started by number12, Aug 29, 2016.

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Does it make sense to lease a tesla in GA?

  1. Yes

    0 vote(s)
    0.0%
  2. No

    5 vote(s)
    62.5%
  3. Stop over thinking and just be happy

    3 vote(s)
    37.5%
  1. number12

    number12 Member

    Joined:
    Aug 16, 2016
    Messages:
    783
    Location:
    Tesla
    lets say business expense deduction difference between buying and leasing a SUV are negligible, and also the monthly payments. Because one they are, and two it makes the comparasion is a lot easier.

    Lease $13,500 down
    Buy $2,500 down with $7500 cash back in April. (Effectively you get $5000 up front).

    So unless X is worth $18,500+acquisition/turn in fee less than residual value in 3 years there's literally no one that should lease a Tesla in Georgia.

    Tell me why I'm wrong? Maybe it will be really be worth that much less in 3 years, but I'm honestly asking.. Is my math wrong?
     
  2. Zaphod

    Zaphod Galaxy President (former)

    Joined:
    Dec 10, 2015
    Messages:
    434
    Location:
    Austin, TX
    Apparently GA must be like TX in how the full sales price of the vehicle is taxed, not just the monthly payment. The numbers don't work out unless you don't mind throwing money away.

    I know other manufacturers/dealers (BMW especially) will offer "credits" to offset or eliminate this additional liability, but far as I know, that isn't an option through Tesla.
     
  3. CmdrThor

    CmdrThor Member

    Joined:
    Jul 24, 2013
    Messages:
    858
    Location:
    Marietta, GA
    Yes, and if you buy out your lease at the end you pay tax AGAIN on the current value. Every time a vehicle changes owners tax is paid, and it is on the value calculated by the state, not the purchase price.
     
  4. number12

    number12 Member

    Joined:
    Aug 16, 2016
    Messages:
    783
    Location:
    Tesla
    I'm sure someone in GA has leased. I just don't know how they got around those numbers. Because if someone thought their car was going to depreciate that much they probably would not even lease.
     

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