Why am I offering this?
Last week I was invited to configure my Model 3 for delivery in New York (where I live). After submitting an order that night (January 4th), we were given a delivery estimate of 4 weeks.
Since configuring (LR, with AP, and PUP) that night, my wife and I have been rethinking whether we got ahead of ourselves and our budget here in our effort to give Tesla a quick response and reduce our wait time. We have also been exploring how we might be able to offset the cost of these upgrades over a base car enough to go for the car as we really want it.
We were considering whether something like using Turo to rent the car some would do the job. Then it occurred to us, there are people out there who might particularly like a one year lease of a Model 3 at this very time in the car's release. We had in mind people with a long wait on a reservation, and/or wanting to test the car out before deciding what configuration they want to buy, and/or waiting for options not yet available (dual motor, performance version, more choices in interiors, etc.) and/or preferring for Tesla to get more production experience with the car under their belt, and to receive the continual incremental improvements to the car over the next year which Tesla is known to add to its vehicles, before buying a 3 outright. You'd basically get the upside of not waiting to receive a Model 3, while retaining the optionality of seeing just how you want to configure your car for the long haul.
So, we are thinking a year lease/rental could be a win/win for us and someone wanting to receive this car brand new in a few weeks.
Basic Terms
We have in mind a one year agreement with up to 15K miles included. I'm open to some variation on these terms. fwiw, my understanding is that two unrelated people can be on the title of the car together, so, you could take delivery and set up your own insurance for the year (after a year, you would return the car and take your name off the title).
Pricing
I found a lease calculator on Edmunds as a starting point to think about pricing (screen shot of my assumptions, and link to the calculator below).
A few words on the assumptions I used. Price is what we will pay Tesla, including $1K destination fee per Edmunds suggestion. Title, registration, other fees, zeroed out. Residual value, I assumed 80% of the cost of the $55K cost of the car itself (without destination fee). "Money factor" (interest), I zeroed this out, assuming payment would be upfront. One final variable you may have noticed, for this short term arrangement, we will be retaining the benefits of the EV rebates available.
Based on the calculator, if the car were available for 1 year leases, the cost would be $12,500.
Given the car's year plus waiting list, we are looking for some amount of a premium above that $12.5K figure for the lease from Edmunds' calculator. Of course, we'd be quite happy with a $19K offer that covered all those extra options on the car (LR battery, PUP, AP). That said, we want an arrangement that both parties feel good about, and are hoping we can find an enthusiast on TMC who will really love and care for the car. So, if you are interested please let us know what you can offer us within this price range.
Configuration
My order was placed in with Silver with the 18” Aero wheels and Enhanced Auto Pilot. I’d be open to change to another color and perhaps the 19” Sport wheels. As you can see in Tesla's fine print of the image shared below, such a change could incur a delay and/or possibly a fee.
Please send PM if interested. I live in the NYC suburbs and work in the city. While not absolutely necessary, I think it makes sense that we meet in person to finalize details before we sign a simple (but clear) contact.
Last week I was invited to configure my Model 3 for delivery in New York (where I live). After submitting an order that night (January 4th), we were given a delivery estimate of 4 weeks.
Since configuring (LR, with AP, and PUP) that night, my wife and I have been rethinking whether we got ahead of ourselves and our budget here in our effort to give Tesla a quick response and reduce our wait time. We have also been exploring how we might be able to offset the cost of these upgrades over a base car enough to go for the car as we really want it.
We were considering whether something like using Turo to rent the car some would do the job. Then it occurred to us, there are people out there who might particularly like a one year lease of a Model 3 at this very time in the car's release. We had in mind people with a long wait on a reservation, and/or wanting to test the car out before deciding what configuration they want to buy, and/or waiting for options not yet available (dual motor, performance version, more choices in interiors, etc.) and/or preferring for Tesla to get more production experience with the car under their belt, and to receive the continual incremental improvements to the car over the next year which Tesla is known to add to its vehicles, before buying a 3 outright. You'd basically get the upside of not waiting to receive a Model 3, while retaining the optionality of seeing just how you want to configure your car for the long haul.
So, we are thinking a year lease/rental could be a win/win for us and someone wanting to receive this car brand new in a few weeks.
Basic Terms
We have in mind a one year agreement with up to 15K miles included. I'm open to some variation on these terms. fwiw, my understanding is that two unrelated people can be on the title of the car together, so, you could take delivery and set up your own insurance for the year (after a year, you would return the car and take your name off the title).
Pricing
I found a lease calculator on Edmunds as a starting point to think about pricing (screen shot of my assumptions, and link to the calculator below).
A few words on the assumptions I used. Price is what we will pay Tesla, including $1K destination fee per Edmunds suggestion. Title, registration, other fees, zeroed out. Residual value, I assumed 80% of the cost of the $55K cost of the car itself (without destination fee). "Money factor" (interest), I zeroed this out, assuming payment would be upfront. One final variable you may have noticed, for this short term arrangement, we will be retaining the benefits of the EV rebates available.
Based on the calculator, if the car were available for 1 year leases, the cost would be $12,500.
Given the car's year plus waiting list, we are looking for some amount of a premium above that $12.5K figure for the lease from Edmunds' calculator. Of course, we'd be quite happy with a $19K offer that covered all those extra options on the car (LR battery, PUP, AP). That said, we want an arrangement that both parties feel good about, and are hoping we can find an enthusiast on TMC who will really love and care for the car. So, if you are interested please let us know what you can offer us within this price range.
Configuration
My order was placed in with Silver with the 18” Aero wheels and Enhanced Auto Pilot. I’d be open to change to another color and perhaps the 19” Sport wheels. As you can see in Tesla's fine print of the image shared below, such a change could incur a delay and/or possibly a fee.
Please send PM if interested. I live in the NYC suburbs and work in the city. While not absolutely necessary, I think it makes sense that we meet in person to finalize details before we sign a simple (but clear) contact.
