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Lease or loan? Moving back to UK in 2017 or 2019

Discussion in 'Model X: Ordering, Production, Delivery' started by britguy, Sep 6, 2016.

  1. britguy

    britguy New Member

    Joined:
    Sep 6, 2016
    Messages:
    1
    Location:
    San Francisco Bay Area
    My wife and I are British citizens currently living in the San Francisco Bay Area on a work visa that's valid until September 2017, and it's likely it will be extended for two more years, through to 2019, however the paperwork for a visa extension can't be filed by my employer until next year, so we don't yet know how much longer we'll be in the US.

    We have a Ford vehicle on lease at the moment which will end shortly, and we're keen on getting a 6-seater Model X 90D as our next vehicle, but trying to decide which finance option to take (lease or loan), because we don't have a definite timeframe for how much longer we'll be in the US (as it's contingent on us getting our visa extension approved). It could be until late 2017, or (likely/hopefully) until late 2019.

    The specialist at the Tesla showroom suggested a loan would likely be the better route as we don't yet know how long we need the car for, and would enable them to help us when we move back to the UK as they can arrange a Tesla vehicle for us in the UK in exchange for the Model X in the US.

    I'd be interested in anyone's views on which finance option to consider (lease or loan). Would you agree that a loan should be the better route? My understanding is that leases are more difficult to get out of, if we did have to move back sooner than planned? Are there any other issues I maybe haven't considered?

    Thanks!
     

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