I placed my order for a LR Model X refresh and I was reviewing the difference between buying vs leasing. I was shocked to see that the leasing factors dont appear to be enticing whatsoever. Typically when you lease vs buy its anywhere from $100-$200 difference per month. In this case I have uploaded images of apples to apples comparison of buying vs leasing with $10k deposit on each option.
Model X Refresh LR
Black
Black
22's
Total price out the door - $104,486.95
Lease payment - $1,371.47 (10k miles annually) / $1,397.77 (12k miles annually)
Loan Payment - $1,414.40
For what its worth I am a business owner. I have leased many vehicles but this time around I will be purchasing as this is a no brainier. Also, by purchasing I can use section 179. For those who are not business owners it would make absolutely no sense to lease when you can purchase. I ran the finance numbers, at the end of 3 years of financing at 72 months 2.49% the remaining balance would be about 48k. Historically speaking a 3yr old model X would be worth 60k+.
I want to shed some light for other individuals who are purchasing the new Model X and can look at their options between financing and leasing.
Is June here yet?!?!?!
Model X Refresh LR
Black
Black
22's
Total price out the door - $104,486.95
Lease payment - $1,371.47 (10k miles annually) / $1,397.77 (12k miles annually)
Loan Payment - $1,414.40
For what its worth I am a business owner. I have leased many vehicles but this time around I will be purchasing as this is a no brainier. Also, by purchasing I can use section 179. For those who are not business owners it would make absolutely no sense to lease when you can purchase. I ran the finance numbers, at the end of 3 years of financing at 72 months 2.49% the remaining balance would be about 48k. Historically speaking a 3yr old model X would be worth 60k+.
I want to shed some light for other individuals who are purchasing the new Model X and can look at their options between financing and leasing.
Is June here yet?!?!?!