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New 2 year lease offer?

Discussion in 'Model S: Ordering, Production, Delivery' started by SD_Engnr, Aug 19, 2016.

  1. SD_Engnr

    SD_Engnr Member

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    I've been told there's a new 2 year lease offer coming out soon. Anyone else hear this? I'm thinking it's another way to help people bridge the gap until the Model 3 is delivered. Interested in the terms, though I'm not a fan of leasing.
     
  2. AlanSqB

    AlanSqB Member

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    I just got the email. Trying to figure out the catch.

    [​IMG]
    A 2-year lease option is one of our most popular requests. We listened and are launching a limited time test of a 2-year lease on Model Sand Model X. Starting at only $593/month (details here), our new 2-year lease program was designed just for you to drive electric today, and is available on all Model S and X orders placed by September 12th.

    For additional savings, combine this offer with the Tesla Referral Program and apply a $1,000 credit towards your configuration. Just get the special personal code of any Tesla owner and enter it at the time of order.

    It’s never been more affordable to experience the exhilarating performance and extraordinary safety of the groundbreaking Tesla Model S sedan and Model X SUV. With the best safety ratings of any car ever built and equipped with driver assistance Autopilot features that steer, change lanes and control speed, Tesla’s zero-emissions vehicles have revolutionized the modern driving experience.
     
  3. TaoJones

    TaoJones Beyond Driven

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    Perfect bridge for between now and when AP2.0 cars and Model 3s will be ready.

    What's $20K here or there...
     
  4. ChadS

    ChadS Petroleum is for sissies

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    Yes! What I have been waiting for.

    A 2-year lease on a stripped 60 will be CHEAPER than a 3-year lease despite the higher depreciation early on, because the tax credit is spread over fewer months. (Though I think you pay the same up front, so total monthly costs may end up close. Of course state issues like taxes matter too). It is not enough to make a loaded P90D cheaper over the shorter term - too much depreciation - but you get to change cars sooner (if that is what you want), and the gap is smaller. Plus you are making the high payments for a shorter period if time, if your plan is to get in to a cheaper car like the Model 3.

    And, of course, the timing to get in to a Model 3 is better. Yay.
     
  5. superm1

    superm1 Member

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    I would have totally done this. Just off by a month or so.
     
  6. cplaw

    cplaw Member

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    Can I still do this if I already placed my order, but car is not in production yet?

    My order was placed on 7/4, order confirmed on 7/10 or 7/11, VIN assigned 7/17
     
  7. JeffreyY

    JeffreyY Member

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    This is awesome....
     
  8. eclipxe

    eclipxe Member

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    Hmm what's being announced on the 13th?
     
    • Like x 2
  9. Vad42

    Vad42 Member

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    I think you might be able to do it. You allowed to change how you pay for it.

    Too late for me though, picking up 3-year lease today!
    Damn, I would have probably done this.
     
  10. scottfl

    scottfl Member

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    Online configurator currently only showing 2 year lease option for me on 60 kWh model. Are others seeing the same?
     
  11. krazineurons

    krazineurons krazineurons

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    Where did you hear something being announced on the 13th?
     
  12. scottfl

    scottfl Member

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    Two year lease offer details states that must be ordered by Sept 12th. So speculation that something new may be announced the next day?
     
    • Like x 1
  13. Vad42

    Vad42 Member

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    If you click on "Customize your lease payments " that page now has option for 24/36 months choice.
     
    • Helpful x 1
  14. scottfl

    scottfl Member

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    Cool. Thanks!
     
  15. krazineurons

    krazineurons krazineurons

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    That is true, this seems like move to entice folks on the sidelines wondering about AP 2.0 or P100D or M3 to place orders right away or prepone their deliveries.

    Wondering though, what that does to the CPO market in Oct-Nov 2018 time frame. Lots of used Model S and X with old AP tech and battery? Perhaps they retrofit it with new hardware and battery and sell it again at a higher premium. Genius!!
     
  16. krazineurons

    krazineurons krazineurons

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    This sure has me thinking though.. Prepone my delivery or wait for details on 9/13? My guess is they would announce an event for a date in the future on 9/13
     
  17. tomas

    tomas Traded in 9 rep bars for M3, used to be somebody!

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    I hope you don't think this forum is the place to get an official answer. Call your delivery specialist at Tesla.
     
  18. dckiwi

    dckiwi Member

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    The Sept 12th date may just be so they can recognize the revenue in Q3.
     
    • Like x 3
  19. ChadS

    ChadS Petroleum is for sissies

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    They did say it was a limited-time test. My guess is they are trying it to bump quarterly numbers, if successful they may start it again next quarter.

    Just guessing, of course.
     
  20. electracity

    electracity Active Member

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    I think these cars must have AP 2.0 hardware, or the resale value for Tesla after 2 years would be too low. I assume

    1) Fourth quarter demand is weak, and
    2) Demand for S/X will be reinvigorated with AP 2.0 release.

    This lease may be a good deal. If these cars have the old hardware then Tesla sales have really tanked by people waiting.
     

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