Looking to Swap a Lease on Model S 90D ASAP!

[rmsargent]

Looking to upgrade to P90DL ASAP so I'm looking for someone to take over my current lease.

2016 Model S 90D

All-Wheel Drive
Range Upgrade
Red Multi-Coat Paint
All Glass Panoramic Roof
21" Grey Turbine Wheels
Black Next Generation Seats
Carbon Fiber Décor
Black Alcantara Headliner
Supercharger Enabled
Autopilot Convenience Features
Premium Interior and Lighting
Smart Air Suspension
Ultra High Fidelity Sound

Original MSRP $110,700

About 32 months left on the lease with about 41,000 miles to spare on the lease (monthly allowance of roughly 1,250 miles). Payment is about $1,250/month (ideally looking for $4000 down). Please contact if interested. Only serious buyers. Buyer must have good credit and apply through Tesla Leasing.

 

[rmsargent]

Forgot to mention the vehicle is located in Southern California.

 

[AZ Desert Driver]

Looking to upgrade to P90DL ASAP so I'm looking for someone to take over my current lease.

2016 Model S 90D

All-Wheel Drive
Range Upgrade
Red Multi-Coat Paint
All Glass Panoramic Roof
21" Grey Turbine Wheels
Black Next Generation Seats
Carbon Fiber Décor
Black Alcantara Headliner
Supercharger Enabled
Autopilot Convenience Features
Premium Interior and Lighting
Smart Air Suspension
Ultra High Fidelity Sound

Original MSRP $110,700

About 32 months left on the lease with about 41,000 miles to spare on the lease (monthly allowance of roughly 1,250 miles). Payment is about $1,250/month (ideally looking for $4000 down). Please contact if interested. Only serious buyers. Buyer must have good credit and apply through Tesla Leasing.

What is the lease buyout?
Have you treated the battery well?

 

[Yuriy]

good morning! i am interested in taking over you lease. i sent you a message. please contact me. thanks!

 

[rmsargent]

What is the lease buyout?
Have you treated the battery well?

Buyout is $66,171 at the end of lease.
Battery has been treated very well. Consistently charged to 90% daily per Tesla's recommendation.

 

[AZ Desert Driver]

so, $40,000 in lease payments, plus $66,171 in buyout = $106,171 for a used car with no tax credit.
I'm out.

 

[rmsargent]

so, $40,000 in lease payments, plus $66,171 in buyout = $106,171 for a used car with no tax credit.
I'm out.

A buyout will never be a good option on a lease. That defeats the purpose of leasing a car in my opinion.

 

[CapeOne]

so, $40,000 in lease payments, plus $66,171 in buyout = $106,171 for a used car with no tax credit.
I'm out.

Tesla lease end values are extra high because they apply the $7,500 tax credit to the residual to help lower the monthly payment.

In the case, it appears the residual was $58,671 (53% of $110,700) plus $7,500 = $66,171.

Either way, not a great "early buy out" buy when you consider that a new inventory Model S 90D with the same equipment (except color and décor) PLUS Subzero Weather Package can currently be had for $96K after federal tax credit or $95K with referral money.

 

[AZ Desert Driver]

Tesla lease end values are extra high because they apply the $7,500 tax credit to the residual to help lower the monthly payment.

In the case, it appears the residual was $58,671 (53% of $110,700) plus $7,500 = $66,171.

Either way, not a great "early buy out" buy when you consider that a new inventory Model S 90D with the same equipment (except color and décor) PLUS Subzero Weather Package can currently be had for $96K after federal tax credit or $95K with referral money.

Yep - residual at $58k is not a true residual if the contract says $66k. Looks like seller made a bad deal and I don't want to be the one to bail him out. I feel sorry for him, but not sorry enough. Worth checking though!!

 

[CapeOne]

Looks like seller made a bad deal and I don't want to be the one to bail him out.

It was a normal deal for him, it's the way Tesla leases work, but not a good early buy out candidate for someone else.

 

[RobInAZ]

When someone posts a deal like this and they say they want $4000 down, does this mean they want $4000 cash in addition to assuming the lease payments?

Also, does Tesla give a discount for a pre-paid lease? i.e. if I paid all of the payments up front?

 

[rmsargent]

When someone posts a deal like this and they say they want $4000 down, does this mean they want $4000 cash in addition to assuming the lease payments?

Also, does Tesla give a discount for a pre-paid lease? i.e. if I paid all of the payments up front?

Yes, $4,000 cash in addition to the assuming the lease.

There is no pre-paid lease discount to my knowledge, I have asked my OA and will let you know if I hear otherwise.

 

[RobInAZ]

Serious question... Why is this a good deal vs. just leasing a new one that can be custom ordered and will have the new styling? It is about the same price.

Also the deals I see on swapalease and leasetrader seem to be much better. This one for example 2015 Tesla Model S 85D lease $752.68 - Boston, Massachusetts 02127 (SOLD) Is $752/month and the owner is not asking for any down payment.

Again, not trying to offend, but was thinking assuming an S lease would be perfect while waiting on delivery of the model 3. I may be better off just leasing new?

 

[rmsargent]

Serious question... Why is this a good deal vs. just leasing a new one that can be custom ordered and will have the new styling? It is about the same price.

Also the deals I see on swapalease and leasetrader seem to be much better. This one for example 2015 Tesla Model S 85D lease $752.68 - Boston, Massachusetts 02127 (SOLD) Is $752/month and the owner is not asking for any down payment.

Again, not trying to offend, but was thinking assuming an S lease would be perfect while waiting on delivery of the model 3. I may be better off just leasing new?

I paid Tesla over $10,000 when I picked up the car. I am only asking for a down of $4,000 which in its self is a savings of $6,000 for a 3.5 month old car. Also, Tesla requires a 36 month lease, so by doing a swap the new owner is getting a shorter lease then you can on a new MS.

I don't know the exact circumstance with the car you are posting, but right off the bat I can see you're not comparing apples to apples. That car is a 2015, only has the 85kWh battery, and does not have 21" wheels (a $4,500 option alone).

I would appreciate it if we could keep this discussion focused on my vehicle. Thanks for understanding.

 

[sukhi]

OP,

I think you are posting a very valid offer. I think $6K is a pretty good discount for a 32 months remaining lease.

It is unfair to compare it to a purchase option

Good luck and I am sure there would be interested folks.

 

[CapeOne]

Also, does Tesla give a discount for a pre-paid lease? i.e. if I paid all of the payments up front?

I would expect there would be some sort of small 'discount' since part of the payment is interest which would be eliminated with an early payoff. However, a lease assumption would be the only choice here as the buyout number would still be too high.

This one for example 2015 Tesla Model S 85D lease $752.68 - Boston, Massachusetts 02127 (SOLD) Is $752/month and the owner is not asking for any down payment.

I don't know what residuals were last August but this seller must have put quite a bit down (over $20K) to get to a $752/month payment. An unusually good deal on a well optioned, fairly new, low miles S 85D.

 

[snjoynt]

you still need the 4K or willing to pass on that to meet the market and move quickly? We all lose money moving these cars and the downpayment unfortunately is one of those . I am shopping if interested in talking more.

 

[rmsargent]

you still need the 4K or willing to pass on that to meet the market and move quickly? We all lose money moving these cars and the downpayment unfortunately is one of those . I am shopping if interested in talking more.

I still have the vehicle. I will send you a message and we can discuss further.

 

[NikeWings]

I still have the vehicle. I will send you a message and we can discuss further.

Now you can upgrade to the P100DL instead!
Sounds like you have a great car, good luck.

 

[rmsargent]

Now you can upgrade to the P100DL instead!
Sounds like you have a great car, good luck.

Right, thanks!