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ModelX Leasing question: Residual Value percentage

Discussion in 'Model X' started by rhurrey, Jan 6, 2016.

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  1. rhurrey

    rhurrey Member

    Joined:
    Sep 24, 2014
    Messages:
    8
    Location:
    Emeryville CA
    Hey there... so we finally configured our ModelX and we are super excited. We are looking at possibly leasing it and wondered if anyone else has done the same. What we would like to know is the residual %. We are getting a 70D, 6 Seats, AutoDrive for reference... so trying to gauge how much the car will be worth, as far as the lease goes, at the end of the lease term.

    Thank in advance for any insight :)
     
  2. ptsagcy

    ptsagcy Member

    Joined:
    Nov 4, 2013
    Messages:
    513
    Location:
    NJ
  3. Blastphemy

    Blastphemy Member

    Joined:
    Jan 11, 2012
    Messages:
    618
    Location:
    Los Angeles, CA
    Here are the numbers I got for a P90D totaling $134,420 (before CA sales tax, tax credits, or any other rebates) at 15,000 miles per year:

    $5,000 cap cost reduction
    $695 acquisition fee
    $962 DMV fees
    $1,846 first payment
    $679 (9% CA sales tax on acq fee, 1st pmt, and $5k cap cost reduc)
    TOTAL = $9,182 due at delivery (or $4,182 since your $5,000 reservation payment will be applied)

    The $7,500 Federal tax credit is built into the lease.

    Estimated full payment for 36 months including CA sales tax would be $2,013/mo.

    My documentation shows the residuals for my particular configuration ($126,920 when Federal tax credit is applied) are:

    10,000 miles per year - $77,398 (61%)
    12,000 miles per year - $76,054 (60%)
    15,000 miles per year - $74,710 (59%)

    There's also a scummy $395 disposition fee at the end of the lease when the vehicle is returned.
     
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