internalaudit
Member
Then 60% depreciation over 4 years?
So in 8 years you pay 120% of a new M3 if you do two 4 year leases vs just buying the car outright.
This doesn’t even touch higher lease rent charge (interest) acquisition fees, etc.
Not to mention the car you bought is still worth something in 8 years, the lease is worth zero
Yeah 70% from my earlier post is too ridiculous ( wrong arithmetic) and it would definitely tip the scale over to financing.
Maintenancece is $6k over the eight years, ESA is $4k so in year 8, leasing was overall only 20-25% (including higher borrowing cost for leasing).
Then on year 9 all hell breaks lose with any major issues with the vehicle. $9k for a major brake job as posted on TMC, battery and drive unit needs to come from Tesla because there is no Right to Repair so major components will be rejected by the vehicle.
For a reliable make, for sure buying the car makes sense. With Tesla, quality is crapshoot so until we ( no ESA) are all into year 5 or year 9 ( with ESA), there is no hard and fast rule.
That's probably why Tesla is shying away from offering leasing.
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