Gang, I've never leased before but want to understand correctly my assumptions because:
1. Want to sell our 2012 Model S before it further depreciates once Model 3 is available.
2. Have kids who no longer fit in jump seats, thus want to replace with MX.
3. Have the cash to buy outright. However, the depreciation curve for the MX is totally unknown.
4. Residual for the MX model I'd get is 57% at 3 years/15k miles.
5. 3 years from now will have 17 and 15 year old, may not be shuttling kids as much as they begin to drive. Model 3 will be in full swing, have a reservation in fact.
I used the view page source to run numbers also, using the quoted 4.3% interest and + 7500
Cost new is 103,900. Residual quoted at $59,450 (57%)
Upfront costs seem steep at 5000, plus 700 acquisition.
Just seems like a good time to put the risk of depreciation on the lender?
That's ultimately why I decided to lease... with the model 3 coming out, rapid advancements happening, and AP 2.0 on the horizon, there's a risk of depreciation being slightly more than I'd be comfortable with. Plus, I don't drive all that much (still getting AP for some stupid reason) and I'll be ready to step into a well-optioned model 3 in a couple of years.