The Model S does have good resale value, compared to a Merc S class or BMW 7 series. Those are the most depreciating cars however. Compared to more regular cars Model S depreciates very heavily. Tesla has among the worst lease deals in the industry. A new moderately equipped 75 leases for over 1000/m with 7k down, not counting taxes and fees. That was the case when I bought my 70D in 2015 as well, a moderately equipped 70D was over 1000/m. For the same payment, one could have leased a M5 with close to 110k MSRP. A BMW 550i with MSRP in the 70's leased in the 700's to low 800's with basically nothing down. Just looked today, a new MB E class around 60k lease just around 600 bucks per month. By comparison, Tesla lease is TERRIBLE. The same will be the case with Model 3 I think. It is almost certainly better to buy a Model 3 then sell it vs. leasing. I think Tesla residuals/MFs are too low/high compared to BMW/MB, etc.