Welcome to Tesla Motors Club
Discuss Tesla's Model S, Model 3, Model X, Model Y, Cybertruck, Roadster and More.
Register

Lease Returns After Buying FSD

Tjhappel

Member
Dec 12, 2014
254
344
San Clemente, California
Well honestly they paid for a 2-3 year lease and bought something that was right around the corner... we are keeping out nov 2016 model x w fsd even tho we want a new one, I can’t wait for them to replace the computer in our early build car! I do actually feel bad for those who bought it on lease. It sucks. Tesla can rectify it easily without class action bs
 

electronblue

Active Member
Oct 1, 2018
2,325
2,410
Earth
And why would you think that you are due a refund on a product for which A) Is a future product and B) There was some functionality. It wold be one thing if you actually bought the car.

Oh well, some folks just have to go after the free payday.

Unfortunately you are mistaken. FSD buyers from 2016-2018 have received no functionality above EAP, so nothing for their FSD purchase.

Even if Tesla were to release something between now and November when first AP2 leases start ending, there would hardly be any time to make use of it...

I’ll just leave this Elon tweet here. Note the dates — never happened:

ohtdxizav2c21.jpg
 

Tjhappel

Member
Dec 12, 2014
254
344
San Clemente, California
There was zero... again it’s an easy fix. All of these cars are doing way more money on the re sale market than what they expected so All lease returns have HUGE built in margins due to stronger than expected demand on resale market. Tesla can do the right thing easily and I hope and think they will. Tesla residual value is ~20-30% above what they booked for on lease returns so for those who payed for fsd can easily money back or applied to next vehicle without bs of class action.
 
  • Funny
Reactions: bhzmark

Az_Rael

Supporting Member
Jan 26, 2016
5,605
8,766
Palmdale, CA
Lane changes? NoA?

And it has to be over EAP at the time of purchase, not today's definition.

NoA and lane changes were released to EAP-only customers, so that is not an FSD feature. So far you haven't had to pay the extra FSD $$ for anything currently released. NoA was an EAP promised feature (on ramp to off ramp AP).

Now, the HDW3 computer retrofits will be the first FSD only feature. However, I am guessing that will be too late for the 2016 lease holders. They will have already turned their cars in.
 

BestRadar

Member
Nov 14, 2013
696
555
NJ
And why would you think that you are due a refund on a product for which A) Is a future product and B) There was some functionality. It wold be one thing if you actually bought the car.

Oh well, some folks just have to go after the free payday.

It was not originally sold as a future feature with no idea of a release.. Heck the following year there was supposed to be a fleet of full driving Tesla's based on the 2016 description. Read the original FSD wording and you will see no one received what they paid for.
 

boonedocks

Active Member
May 1, 2015
2,604
3,607
Gainesville, GA
NoA and lane changes were released to EAP-only customers, so that is not an FSD feature. So far you haven't had to pay the extra FSD $$ for anything currently released. NoA was an EAP promised feature (on ramp to off ramp AP).

Now, the HDW3 computer retrofits will be the first FSD only feature. However, I am guessing that will be too late for the 2016 lease holders. They will have already turned their cars in.

Interesting thought....Treat it like Tesla has done with FUSC trade-ins and remove the FSD feature before it is resold but turned in from lease before HW3 retrofits begin in mass....either re-sale FSD on the same car, as Tesla is doing with SuperCharging on a large group of resold cars, or just take away the option on a resale and avoid the liability completely. Sounds pretty nefarious....yet plausible...
 

NHK X

Member
Nov 18, 2017
762
622
PNW
And why would you think that you are due a refund on a product for which A) Is a future product and B) There was some functionality. It wold be one thing if you actually bought the car.

Oh well, some folks just have to go after the free payday.


Not the best way to word it but I get the sentiment. I’m not a huge fan of leasing, and especially leasing and purchasing something like FSD for a temp vehicle. But in hindsight it’s a clearer answer.

Leasing def works for some people, can’t really fault them for hoping features would come in the immediate future.
 

ewoodrick

Well-Known Member
Apr 13, 2018
5,285
3,722
Buford, GA
Another thing that I just though of was how the FSD played into the residual value of the car. It would be interesting to see the difference between one with and one without. I'm guessing that it probably was calculate as a % of the depreciation. So if residual value was $60k on a $90k vehicle, then if FSD cost $5000, then only $1700 would have been factored into the lease. That, I suspect would make maximum claim, if these were the numbers, of only $1700. Put this through a team of lawyers and you might end up with a nice meal as a reward.
 
  • Like
  • Disagree
Reactions: croman and MP3Mike

animorph

Active Member
Apr 1, 2016
2,132
1,527
Scottsdale, AZ
FSD was $3k before delivery in 2016. The residual value for three year leases was something like 56% at the time, though there were variations and the tax credit screwed with those numbers. So an unused FSD purchase cost about $1320 across the three years, plus financing costs.
 
  • Like
Reactions: MP3Mike

MP3Mike

Well-Known Member
Feb 1, 2016
15,129
32,394
Oregon
That, I suspect would make maximum claim, if these were the numbers, of only $1700. Put this through a team of lawyers and you might end up with a nice meal as a reward.

FSD was $3k before delivery in 2016. The residual value for three year leases was something like 56% at the time, though there were variations and the tax credit screwed with those numbers. So an unused FSD purchase cost about $1320 across the three years, plus financing costs.

Unless FSD was added after the lease started, in which case they would be out the whole cost.
 

Daniel in SD

Well-Known Member
Jan 25, 2018
6,281
8,935
San Diego
There was zero... again it’s an easy fix. All of these cars are doing way more money on the re sale market than what they expected so All lease returns have HUGE built in margins due to stronger than expected demand on resale market. Tesla can do the right thing easily and I hope and think they will. Tesla residual value is ~20-30% above what they booked for on lease returns so for those who payed for fsd can easily money back or applied to next vehicle without bs of class action.
If this were the case then they could just buy the car at the end of the lease at the residual value, sell it, and keep that 20-30%.
Unless FSD was added after the lease started, in which case they would be out the whole cost.
I have a hard time believing that anyone would do that on a 3 year lease.
Is Tesla really refusing to refund the ~$1320? I'd like to hear how they justify not doing a refund.
 

EVNow

Well-Known Member
Sep 5, 2009
9,307
27,876
Seattle, WA
Unfortunately you are mistaken. FSD buyers from 2016-2018 have received no functionality above EAP, so nothing for their FSD purchase.
Yes - it makes sense to petition EM on twitter to either return a portion or transfer the money paid to the next Tesla. Of course class action just fattens the lawyers.
 

ewoodrick

Well-Known Member
Apr 13, 2018
5,285
3,722
Buford, GA
If this were the case then they could just buy the car at the end of the lease at the residual value, sell it, and keep that 20-30%.

I have a hard time believing that anyone would do that on a 3 year lease.
Is Tesla really refusing to refund the ~$1320? I'd like to hear how they justify not doing a refund.
Why would they do a refund? The product was known to be a future product and they did deliver some features.
 

Az_Rael

Supporting Member
Jan 26, 2016
5,605
8,766
Palmdale, CA
and they did deliver some features.

It is nice that you feel like you have received FSD features for your FSD purchase, but the reality is if you had not paid the extra $3k, your car would still have the exact same features today. Nothing would be missing if you had only bought EAP.

So the leaseholders could have saved the FSD $$ and still had the exact same features to enjoy over the lease period.
 

About Us

Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.

Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


SUPPORT TMC
Top