Leasing / Lending Order of Operations

[Snerruc]

The website says lease on a 70 rwd is $776, $693 after ev savings which do you actually pay on the iease?

 

[gsxdsm]

The website says lease on a 70 rwd is $776, $693 after ev savings which do you actually pay on the iease?

$776

 

[Snerruc]

Does that mean you get all or part of the credit?

 

[gsxdsm]

Does that mean you get all or part of the credit?

You get no federal credit for a lease. You might get your state credit

 

[Snerruc]

Interesting. So what's the point of showing the other figure? I had assumed there was no credit on a lease until I saw a post that it was used to reduce cost of capitalization. One reason not buying is that I can't use it the other is my deposit on a 3 is at over 300,000, and I probably won't get it before the lease runs out. Thanks for the info.

 

[Chaz]

Interesting. So what's the point of showing the other figure? I had assumed there was no credit on a lease until I saw a post that it was used to reduce cost of capitalization. One reason not buying is that I can't use it the other is my deposit on a 3 is at over 300,000, and I probably won't get it before the lease runs out. Thanks for the info.

Technically, Tesla (or leasing company) gets the federal tax credit, but it is applied to the vehicle price, so your monthly payment is slightly lower.

Regarding the $776 vs $693... I believe they are calculating an average of gas savings into that monthly payment, which I think you can customize a little, but is a bit deceiving, IMO. Good luck!