Lease option available on the Model Y

[smariner]

Looks like Tesla has now started offering the option to lease a Model Y (Tesla Model Y now available for $499 per month through new leasing program ).
Anyone considering it?

 

[kpinthebay]

Just like the M3, looks like you can't buy your lease out after the end of term. Which makes it very hard to get out of. They won't even accept a trade on a MY lease mid-term, even if to upgrade to an X. Makes no sense why they won't at least do that.

 

[DaveORD]

So you cannot the buy car at the end of your lease? If that is correct then it would effectively kill the idea of FSD on a lease.

You cannot transfer FSD to another car, and you know once Tesla takes the car back at the end of the lease, FSD will be removed before it is sold to somebody else like they have done before, unless they have a change of heart and surprise us.

This brings up the question of FSD subscriptions and their monthly cost, because with these leasing restrictions a FSD sub is the only thing I would consider. $8k for FSD over 36 months = $222 (not including tax on that $8k). So the sub price for FSD and being able to cancel that sub without too much restriction is going to be important if leasing over 3 years. Otherwise they are not going to get many sales of FSD on leases, which maybe they do not want and just prefer people to buy?

 

[Snow Drift]

So you cannot the buy car at the end of your lease? If that is correct then it would effectively kill the idea of FSD on a lease.

You cannot transfer FSD to another car, and you know once Tesla takes the car back at the end of the lease, FSD will be removed before it is sold to somebody else like they have done before, unless they have a change of heart and surprise us.

This brings up the question of FSD subscriptions and their monthly cost, because with these leasing restrictions a FSD sub is the only thing I would consider. $8k for FSD over 36 months = $222 (not including tax on that $8k). So the sub price for FSD and being able to cancel that sub without too much restriction is going to be important if leasing over 3 years. Otherwise they are not going to get many sales of FSD on leases, which maybe they do not want and just prefer people to buy?

Agreed, there's no reason to buy it.

Just enjoy actually driving the car. In 2 years I've never wanted Autopilot or FSD.

 

[hakunamattata]

So you cannot the buy car at the end of your lease? If that is correct then it would effectively kill the idea of FSD on a lease.

You cannot transfer FSD to another car, and you know once Tesla takes the car back at the end of the lease, FSD will be removed before it is sold to somebody else like they have done before, unless they have a change of heart and surprise us.

This brings up the question of FSD subscriptions and their monthly cost, because with these leasing restrictions a FSD sub is the only thing I would consider. $8k for FSD over 36 months = $222 (not including tax on that $8k). So the sub price for FSD and being able to cancel that sub without too much restriction is going to be important if leasing over 3 years. Otherwise they are not going to get many sales of FSD on leases, which maybe they do not want and just prefer people to buy?

No it would not kill the idea of FSD. If you get FSD on a lease it is included as part of MSRP, so effectively you would be paying around $4000 over 36 months which is around $111 per month. A simple way to check this is in the payment estimator price a lease with FSD and without FSD. You should see the difference

 

[CapeOne]

So you cannot the buy car at the end of your lease? If that is correct then it would effectively kill the idea of FSD on a lease.

You cannot transfer FSD to another car, and you know once Tesla takes the car back at the end of the lease, FSD will be removed before it is sold to somebody else like they have done before, unless they have a change of heart and surprise us.

Actually, Tesla usually keeps (or adds) FSD on used cars they acquire for inventory resale to next owner.

This brings up the question of FSD subscriptions and their monthly cost, because with these leasing restrictions a FSD sub is the only thing I would consider. $8k for FSD over 36 months = $222 (not including tax on that $8k). So the sub price for FSD and being able to cancel that sub without too much restriction is going to be important if leasing over 3 years. Otherwise they are not going to get many sales of FSD on leases, which maybe they do not want and just prefer people to buy?

If you lease a car with FSD, you don't pay 100% ($222/month) of the FSD cost over the lease term. The added cost of FSD on a lease would only be a portion - more like $100-$120/month.

 

[theganjaguru]

Actually, Tesla usually keeps (or adds) FSD on used cars they acquire for inventory resale to next owner.

Tesla takes away Autopilot from used Model S sold through dealer - Electrek

 

[CapeOne]

Tesla takes away Autopilot from used Model S sold through dealer - Electrek

I was responding to a post that was talking about cars TESLA takes back, not cars that may be sold or traded to and then re-sold by third party dealers. As I stated in my comment you quoted, "Tesla usually keeps (or adds) FSD on used cars they acquire for inventory resale to next owner." What goes on with cars that end up at third party dealers is something else.