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Model S Lease Residual

CapeOne

Member
Jun 14, 2016
818
512
New England
So that begs the question: How long before we see the Plaid’s price slashed below $100,000? Is past precedent a good predictor of the Plaid’s future?

There could be a Performance model added back to the lineup at some point with similar specs to the 2021 model. They may want to do something like that first before potentially cutting prices on Plaid. It all really depends on sales, market reaction, competition, etc.
 

coupedncal

Member
May 25, 2015
59
26
NCal
Could someone actually share their Model S lease residual value? It seems no one on this thread has shared the actual contracted residual value of their lease. Better yet, if someone could share all three values then that will solve this mystery.

Lease Capitalized Cost
Money Factor / Interest Rate
Residual Value
 

domodan

Member
Jul 15, 2020
395
178
UT, United States
Is the issue residual value or other terms (like interest rate)? It used to be that the $7,500 tax credit was added to the residual value, but Tesla no longer qualifies, so that leaves either interest rate or residual value. I suspect the latter is the problem. They know of any refreshes coming, how quickly the battery ages and any possible crippling of the batteries that might be required. Do you really think your car will be worth more than Tesla thinks it will be worth in 3 years? In 3 years, the residual they give you now is the high end of the trade-in value they will give you, sans inflation of course.
More than likely it’s just that Tesla doesn’t want it back because they don’t want to sell used cars. If they do get it back, they want it cheap so they can make good margin. It’s not that they know it will be crappy.
 

CapeOne

Member
Jun 14, 2016
818
512
New England
More than likely it’s just that Tesla doesn’t want it back because they don’t want to sell used cars.
If that were the case, Tesla shouldn't have added the federal tax credits (when they still qualified) to the residual values. This results in artificially high LEVs, thereby discouraging people from buying the cars at lease end. Also, Tesla doesn't even give the option for lessees to buy M3s or MYs at lease end. If anything, Tesla's lease terms have done more to ensure they do get the cars back than don't get the cars back.
 

domodan

Member
Jul 15, 2020
395
178
UT, United States
If that were the case, Tesla shouldn't have added the federal tax credits (when they still qualified) to the residual values. This results in artificially high LEVs, thereby discouraging people from buying the cars at lease end. Also, Tesla doesn't even give the option for lessees to buy M3s or MYs at lease end. If anything, Tesla's lease terms have done more to ensure they do get the cars back than don't get the cars back.
It seems they want 3’s and Y’s, but not S or X.
 

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