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Leasing in Saskatchewan...

Discussion in 'Canada' started by Mayhemm, Jan 26, 2017.

  1. Mayhemm

    Mayhemm Model S P85+ "Lola"

    Joined:
    Nov 9, 2012
    Messages:
    1,954
    Location:
    Saskatchewan, Canada
    With the release of the 100D models, I'm finally ready to order the Model X I reserved back in 2013(!) However, since Tesla has no facilities (stores, service centers) in the province of SK, they do not offer direct leasing, leaving me to try and work something out with the Calgary store. Calgary will not do a lease for a SK-bound vehicle either, but instead recommended I use a third-party leasing company called Stampede Leasing. Does anyone here have any experience with them? I have not been quoted any rates yet. I was just curious as to whether it is wise to lease through anyone but Tesla themselves.
     
  2. e46jb

    e46jb Member

    Joined:
    Jan 5, 2017
    Messages:
    60
    Location:
    Calgary
    I am located in Calgary and have some exposure to working at a car dealership on the sales side, not the leasing world. My advice is that a 3rd party leasing company is usually more expensive than going through manufacturer. However, you are in a special situation as there is no current infrastructure in Saskatchewan.

    Stampede Leasing is an option, I would also check with a couple of other leasing companies (Jim Peplinski, Driving Force, etc). There are a lot of companies who do leasing for oil and gas companies, so I would assume a google search could result in a few alternatives.
     
  3. Gen3

    Gen3 Member

    Joined:
    Dec 18, 2014
    Messages:
    63
    Location:
    AB, Canada
    I moved to Moose Jaw recently from alberta. I was interested in a lease during end of q3 sales, but it seems Canadian leases were not nearly as good as US leases, factoring exchange rate of course. I contacted tesla Calgary and the product specialist said an owner advisor would contact me. No one ever did.

    Some of the deals were amazing. 600usd per month for 2 years.

    I'd be happy with a bare bones x60, with winter package.
     
  4. e46jb

    e46jb Member

    Joined:
    Jan 5, 2017
    Messages:
    60
    Location:
    Calgary
    I know that US lease deals are often far better than they are in Canada. I was shopping for a BMW i3, in the US, I could get a $250/mth payment on a 3 year lease - but this would also include all of the incentives, even removing incentives the payment was far better than the $1000/mth on a 4 year lease I was quoted by Vancouver BMW dealers.

    That said, I am sure a 3rd party company might be a good alternative if a lease is a requirement (I am assuming tax reasons?)
     
    • Like x 1
  5. Navsarin

    Navsarin S90D

    Joined:
    Nov 28, 2015
    Messages:
    220
    Location:
    Canada
    Can anyone explain how US leases can be that better off in payment since a payment is calculated based on purchase price, capital cost reduction/residual value and interest rate.

    If a vehicle is priced 30% higher in Canada I would assume the end of term residual would also be 30% higher and given a similar interest rate, the payment would thus be 30% higher.

    I'm always atonished how a car at $500/month in the US can run $1000-1100 up here. Are our residuals that much lower after 2/3/4yrs to make up such a difference in payment?

    Curious...
     
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