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Offering $6K Cash Incentive for Tesla Model S 70D Lease Takeover

Discussion in 'Tesla for Sale' started by ryantank, Mar 2, 2017.

  1. ryantank

    ryantank Member

    Joined:
    May 18, 2016
    Messages:
    59
    Location:
    San Francisco, CA
    The family is growing and we need to exit our Model S lease so that we can switch to a Model X. Currently 17 months left on the lease of our Tesla Model S 70D. The payments are currently $1211/month with an allowed 819 miles/month remaining. I'm throwing in a cash incentive of $6K to bring the overall monthly payments down to a little over $836/month. Full Lease Trader link is here (2015 Tesla Model S 70D lease $836.78 - Milpitas, California 95035). Here are the options:

    Model S 70D
    All-Wheel Drive Included
    Titanium Metallic Paint
    All Glass Panoramic Roof
    19" Wheels Included
    Black Next Generation Seats
    Glossy Obeche Wood Décor
    Black Alcantara Headliner Included
    Autopilot Convenience Features
    Premium Interior and Lighting
    Smart Air Suspension
    Ultra High Fidelity Sound

    Also throwing in a recently purchased set of all-weather mats (front and rear). Please PM if interested. This could be a great way to get into a Model S without having to cough up a lot of money up front. Also, this could be a good purchase as well since all you are responsible for would be the remaining lease payments plus the buy-out price in the lease.

    Thanks!
     
  2. Jtdvasquez

    Jtdvasquez New Member

    Joined:
    Feb 7, 2017
    Messages:
    3
    Location:
    Dallas, Texas
    What's the current buyout?
     
  3. ryantank

    ryantank Member

    Joined:
    May 18, 2016
    Messages:
    59
    Location:
    San Francisco, CA
    The only buyout that I have is the one that's in the lease contract once the lease is up. That one is in the ad. Thanks!
     
  4. Ally

    Ally New Member

    Joined:
    Apr 1, 2017
    Messages:
    1
    Location:
    Irvine
    Hi. Is the car still available? Thanks!
     
  5. CameronB

    CameronB Member

    Joined:
    Nov 19, 2016
    Messages:
    191
    Location:
    Los Altos, CA
    Looked at ad but couldn't find the post-lease buyout amount. Maybe I missed it but anyhow didn't see it. Could you just post that amount here please?
     
  6. FlatSix911

    FlatSix911 918 Hybrid

    Joined:
    Jun 15, 2015
    Messages:
    3,903
    Location:
    Silicon Valley
    Looks like the buyout is $56K

    upload_2017-4-1_23-43-15.png
     
  7. zer0cool

    zer0cool Member

    Joined:
    Apr 26, 2015
    Messages:
    361
    Location:
    charlotte, nc
    Wow this is a really expensive lease... I assume you paid 7k down, 1211x20+7000+6000=37220. If instead you had bought, it was about 90k, you get 10k tax back so it's 80k. Today you can probably trade this car in for 55k. So you would be out 25k instead of 37k.

    Tesla, at least up to now, is one of the worst cars to lease... With many cars, it's much better financial to transfer a lease vs. buying and selling in under 2 years, with Tesla it's the reverse, by a lot.
     
    • Informative x 1
  8. Bargo

    Bargo Member

    Joined:
    Oct 20, 2016
    Messages:
    36
    Location:
    Sioux falls, sd
    As someone that has bought a $89k Model S and got a trade-in quote after just 10 months with half the miles. I can say fairly confidently that trade-in on that car would actually be lower than $55k. I would expect $46k-50k range. That is at the current mileage/age. In 16 months and 14k more miles. The trade-in will be even less.

    The first year of ownership depreciates nearly 30% not counting tax credits.
     
    • Informative x 1
  9. sperkin

    sperkin Member

    Joined:
    Mar 23, 2017
    Messages:
    50
    Location:
    Los Angeles, CA
    Tesla is more tech than car so it will depreciate more. There are many nice Tesla like p85d here for sale but I wouldn't want to be stuck with AP1. Just think of iPhone 6 and 7. People won't want them when the iPhone 8 is out. Cars are even worst because they are not hidden in pockets. Everytime I see a refreshed 2016 model S with AP1 on the road I always think, what a poor guy, he barely missed out on AP2 and now he is stuck with that car.
     
    • Disagree x 3
  10. DougH

    DougH Active Member

    Joined:
    May 8, 2015
    Messages:
    2,461
    Location:
    Portland
    Stuck with autopilot 1 that actually works, yeah that's awful :rolleyes:
     
    • Funny x 3
    • Like x 2
  11. Buddy

    Buddy Member

    Joined:
    Jul 3, 2016
    Messages:
    499
    Location:
    Riverside County
    Yeah it sucks being stuck with a car that has a better AP system than the new models.

    I wish my car did less but with a promise of "more coming soon!"

    With your attitude, you would need to buy a model s every few months to not pity yourself. Gotta keep up with those Jones'!
     
    • Like x 3
    • Funny x 2
  12. markwoo

    markwoo New Member

    Joined:
    Apr 8, 2017
    Messages:
    2
    Location:
    santa monica
    Is this still available? If so please PM me your contact info. Thanks!
     

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