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Leasing a Roadster

Discussion in 'Roadster' started by AGR, Jun 26, 2007.

  1. AGR

    AGR Member

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    Does anyone know if Tesla will offer leases of 36 - 48 months as an example on the Roadster? If they will offer leases what guidelines are they using to arrive at a residual value.
     
  2. TEG

    TEG TMC Moderator

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    I have heard no mention of leases. So far it has been buy only.
     
  3. DDB

    DDB Member

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    Interesting question. Think it would even be profitable? I'm guessing not on the typical 2-year or 36 month deal. But one of those "motor clubs" where you pay the initiation fee of $25,000 plus dues, which gives members the right to so many days per month of driving available vehicles. That would fly.

    Then again, it'd be cheaper going in with a couple of friends and taking turns rotating weeks. Dangerous. But cheaper.
     
  4. AGR

    AGR Member

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    Leasing is very appealing on 6 figure cars.

    Here is an example of a 36 month closed end or walk away lease

    Selling price of car...............100,000
    Down Payment.....................15,000

    Net Capital Cost.....................85,000

    Residual Value at 50%............50,000 (responsability of lessor)

    Depreciation.........................35,000.....divided by 36 months......972.22 / month

    Interest at say 7%  0.00292

    85,000 + 35,000 = 120,000 x 0.00292 = 350.40 / month

    972.22 + 350.40 = 1,322.62 / month plus applicable taxes 

    At the end of the lease if the car is worth more than 50,000 the lessee gets the equity, if its worth less than 50,000 he simply returns the car. The lessee never owns the car, and never paid for the entire car either. The lessee is responsible for the mileage and condition of the car.

    On an electric car the battery pack is a wear and tear item which can or would become an appreciable expense to replace, a lease makes good sense.

    A Whitestar at 50,000 on a 36 month lease with a 50% residual (25,000)  and a down payment of 7,000 would be 698.56 / month plus taxes.

    This is an example of Car Sharing, where member pay a fee get credits, with the cars requiring a certain number of credits to use. Take a look http://www.engineroomchallenge.be/intro/index.htm
     
  5. vfx

    vfx Well-Known Member

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    Let's not forget that charging station you need if you want the 3.5 hour charging capability. It could run as high as 5K to run 200 amps out to a detached garage away from the mains connection. That could put a sting in the "Tesla Test own" concept.
     
  6. AGR

    AGR Member

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    Anyone with an electric vehicle will have to invest in a charging station that will require some electrical work to get the station operating.

    One possibility would be for the car to come with a small onboard charger, and a charging station all included in the price of the car. The customer pays for the installation of the station at his "place" the lease is up the car - and charging station are returned.

    Tesla will be providing the Roadster and should supply a charging station to operate the Roadster, and a Tesla approuved charging station installer that will verify the correct funtioning of the station.
     

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