Tesla Motors Club
I realise the issue has been addressed before, but i also think the relative pluses and minuses of leasing v renting keep changing with a variety of circumstances, so I'd welcome the Wisdom of the Crowds on this forum
I'm about to order a Model 3 performance, and would ideally like blue (possibly silver) with white interior, which I realise will slow things down a bit
To me the main argument for leasing is that there may be a generally better Model 3 in 2/3 years and leasing offers a pretty risk-free way of being able to change cars if/when there is.
Crunching the numbers, a 2 year lease looks way more expensive, and that already takes some of the shine off the "take advantage of a new model" argument
Looking at 3 year leases, it seems that if I bought rather than leased I'd pay c£27k more to buy, but I'd own a 3 year old car at the end of it. This represents 46% of the purchase price.
Research online suggests a 50% depreciation over 3 years, although if there is a super duper new Model 3 that might reduce resale value of the old ones
So realistically, they're near enough the same in financial terms
If there isn't a super new Model 3, or if the super newness can be retro-installed, the I'd probably keep the car for several years more, in which case buying is definitely a better financial option
Does leasing offer significantly better protection against a Friday afternoon special? i'm guessing probably not while in warranty
On a trivial level if I buy I can have fun modding the console, tinting rear windows etc
I'm leaning slightly to buying but would welcome arguments against
I'm about to order a Model 3 performance, and would ideally like blue (possibly silver) with white interior, which I realise will slow things down a bit
To me the main argument for leasing is that there may be a generally better Model 3 in 2/3 years and leasing offers a pretty risk-free way of being able to change cars if/when there is.
Crunching the numbers, a 2 year lease looks way more expensive, and that already takes some of the shine off the "take advantage of a new model" argument
Looking at 3 year leases, it seems that if I bought rather than leased I'd pay c£27k more to buy, but I'd own a 3 year old car at the end of it. This represents 46% of the purchase price.
Research online suggests a 50% depreciation over 3 years, although if there is a super duper new Model 3 that might reduce resale value of the old ones
So realistically, they're near enough the same in financial terms
If there isn't a super new Model 3, or if the super newness can be retro-installed, the I'd probably keep the car for several years more, in which case buying is definitely a better financial option
Does leasing offer significantly better protection against a Friday afternoon special? i'm guessing probably not while in warranty
On a trivial level if I buy I can have fun modding the console, tinting rear windows etc
I'm leaning slightly to buying but would welcome arguments against