I have a reservation for a M3H (OD: 1/25/24 - no upgrades), but haven't completed the leasing paperwork yet. I was going to do it today, but was taken aback by the actual estimated monthly, including fees and the MF (Money Factor).
I ran a bunch of scenarios and none of them looked good compared to the original $320/mo "estimate" when I ordered (which of course I since discovered was w/o T&F and the base lease price has increased since then according to what I found). Here's some from a SS I did earlier today:
Legend: app = Tesla's lease part of the Tesla App; MF = Money Factor; MST = Monthly Sales Tax; DAS = Due at Signing; TLC = Total Lease Cost; TLC7.5k = Total Lease Cost after incentive discount.
I did some research and the "average" MF is around 0.003 or less, so I don't feel too good with 0.0046, especially with 750+ credit. Does everyone get the same MF or could this factor change after running my credit? Of course, I'm looking to lease to get the $7.5k tax credit, but I'm not impressed with these numbers. Also, a 2-year lease seems to be a real beat-down.
Thanks,
I ran a bunch of scenarios and none of them looked good compared to the original $320/mo "estimate" when I ordered (which of course I since discovered was w/o T&F and the base lease price has increased since then according to what I found). Here's some from a SS I did earlier today:
Legend: app = Tesla's lease part of the Tesla App; MF = Money Factor; MST = Monthly Sales Tax; DAS = Due at Signing; TLC = Total Lease Cost; TLC7.5k = Total Lease Cost after incentive discount.
I did some research and the "average" MF is around 0.003 or less, so I don't feel too good with 0.0046, especially with 750+ credit. Does everyone get the same MF or could this factor change after running my credit? Of course, I'm looking to lease to get the $7.5k tax credit, but I'm not impressed with these numbers. Also, a 2-year lease seems to be a real beat-down.
Thanks,