Lease vs Own

[KAnder04]

When I watch YouTube reviews of the Model Y or Model 3 there’s one thing that tends to come up in most of the reviews, which is:

“You should probably lease a Tesla instead of buying one because the tech advances at such a rapid rate each year.” (or some variation of that statement)

What do y’all think about that statement? I know you can’t lease a Model Y, but just in general, do y’all agree with that statement at all?

I plan to take delivery of a MYP within the next two months, and I plan on buying it and owning it for 8+ years. I figured that if the hardware or MCU became out of date I could just pay the money to have it upgraded. Am I wrong in thinking that? Thanks.

 

[theganjaguru]

Not through Tesla. Number one issue is that a leased model 3 cannot be purchased at the end of the contract.

Also while things advance yearly, one thing you are not factoring in is resale. Model 3 tops the charts and I am assuming Y will as well.

If it were not a Tesla, I’d lease. But Tesla’s are definitely worth the purchase given the poor lease rates vs buying. The Y will he the same once you are able to lease it.

Breaking Down Tesla's New $399/Month Model 3 (In-Depth Analysis) — LEASEHACKR

 

[M3BlueGeorgia]

Its a garbage statement.

Tesla vehicles hold their value very well, plus people tend to drive them a lot because they like to drive them.

So, unless there's a pressing business tax reason, buy rather than lease.