TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker or making a Paypal contribution here: paypal.me/SupportTMC

Model S Leasing?

Discussion in 'Model S' started by Michael, Apr 12, 2009.

  1. Michael

    Michael Member

    Joined:
    Aug 25, 2006
    Messages:
    135
    In Elon's latest email he alludes to a Leasing option. Does anyone have any details like when this might be available?
     
  2. Palpatine

    Palpatine Banned

    Joined:
    Sep 6, 2008
    Messages:
    1,357
    Location:
    Seattle
    My guess is that it would be the second year of production. In order to price a lease, they need to have some idea of residual value. That will be extremely difficult to establish for the Model S during the first year.

    It took Toyota until 2006 to actually do a lease for the Prius. Nobody was willing to establish residual values because they were unsure about the replacement costs of the NiMH batteries or if they would last.

    I think the big change for the Model S will be the ability to finance them via a conventional auto loan. That is not available on the Roadster.

    Also, Tesla Motors is leaving a lot of money on the table by not financing. From my knowledge, there is easily $1,000 per vehicle for a dealer selling a car with bank auto financing. The dealer gets paid to originate that auto loan/lease for the bank.
     

Share This Page