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P100D Model S Crazy Lease Deal

Model S M.D.

Ludicrous Radiologist
Oct 31, 2015
986
1,443
TX
That's a damn good deal. Wouldn't think twice about pulling the trigger. You can always shoot for the lower mileage lease and just pay the overage. It really isn't that much when you calculate it out. You can leave the money in the bank and just pay the overages at the end. See how the numbers work out, just a thought.

One small caveat...its gonna be real hard to go back to a Model 3 after driving that beast!
 

LVThomas

Member
Jun 22, 2017
36
15
Las Vegas
I personally would never put a down payment (cap cost reduction) on a lease......

I haven't read all the posts, but I agree with this 100%. The payments are essentially $968.89 when you add ($5k/36). Cap reduction is like pre-paying the monthly payment. A few car companies still do multiple security deposits to lower the money factor. When doing that, you must calculate the amount saved monthly and figure out if an investment vehicle could make the amount of money saved per month. In many cases it cannot and you get the security deposits back at the end of the lease.
 

number12

Supporting Member
Supporting Member
Aug 16, 2016
1,536
903
Tesla
What the what. Financing a new car for 8 years? That must add at least $10k in interest, not to even mention depreciation. That is mind boggling.

HUH?
What does depreciation have to do with cost of capital?? Where are you getting $10K in interest without knowing the rate?
 

fataldeadlock

Member
Mar 5, 2018
29
11
South Oklahoma City
HUH?
What does depreciation have to do with cost of capital?? Where are you getting $10K in interest without knowing the rate?

A brand new Model S with zero options is $74,500 with advertised interest rates of 2.99% for a 72 month term. Longer terms, generally mean a higher interest rate. A rate of 3.5% at 96 months would easily make total interest paid over $10k, likewise adding options such as EAP, Premium Upgrade, etc. would push the total interest paid.

Depreciation only comes into play if the car is to be sold / traded in. It combines with the problem of high interest payments to create a bad financial situation. Even without considering the steep depreciation on a new car, loan terms such as this mean that you will owe more than the car is worth for a very long time.

I expressed my surprise as I had never heard first hand of anyone taking financing terms that are so "expensive" on a car.
 

number12

Supporting Member
Supporting Member
Aug 16, 2016
1,536
903
Tesla
@fataldeadlock this would assume it’s not a business expense and that your home loan has a lower interest rate than 3.5.

Lot of assumptions. I just don’t look at anything as stand alone, but see your point.
 

n2mb_racing

Active Member
Jun 14, 2014
1,181
752
durham, NC
A brand new Model S with zero options is $74,500 with advertised interest rates of 2.99% for a 72 month term. Longer terms, generally mean a higher interest rate. A rate of 3.5% at 96 months would easily make total interest paid over $10k, likewise adding options such as EAP, Premium Upgrade, etc. would push the total interest paid.

Depreciation only comes into play if the car is to be sold / traded in. It combines with the problem of high interest payments to create a bad financial situation. Even without considering the steep depreciation on a new car, loan terms such as this mean that you will owe more than the car is worth for a very long time.

I expressed my surprise as I had never heard first hand of anyone taking financing terms that are so "expensive" on a car.


Depends how I feel my investments are doing. Why sell investments to buy the car, if I can get a loan at a low rate? I took out a loan, rather than sell stock because the rates were only 1.99%!
 

Sandollars

I bleed Cardinal
Feb 19, 2018
335
346
So Cal/So UT
Just did the math..... This is total BS. If new residual is $118,300 after lease and that isn't accounting anything for carrying costs or profits. This deal shows $33,000 discount on the car, that's 30 bucks a mile. Again no profits..... Not a chance in Hades is this legit.
 
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Reactions: jaguar36

n2mb_racing

Active Member
Jun 14, 2014
1,181
752
durham, NC
Just did the math..... This is total BS. If new residual is $118,300 after lease and that isn't accounting anything for carrying costs or profits. This deal shows $33,000 discount on the car, that's 30 bucks a mile. Again no profits..... Not a chance in Hades is this legit.

Huh? I leased a p90d in 2016 for $750 a month. It had 5k miles in it, but yeah, same ball park. Maybe there's some damage that was repaired, hence the huge discount.

Either way, go for it!

I emailed to look for a similar car and only found leases in the $1300 range on p100ds.
 

u00mem9

Member
Jun 8, 2016
943
1,290
USA
Guys, Elon told me there are no discounts. I’m going to pay MSRP, and let the FSD earn enough to make the payments via the Tesla ride sharing network.

What? :cool:
 

bcamacho

Member
Mar 31, 2018
19
19
Redding, Ca.
The numbers don't add up. Even with inventory cars, after the discount a lease would be north of $1500/m.

Attached is proof to compare data. With an inventory discount of $17k the lease is a little over $1500/m.
 

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ba2002

Member
Jul 3, 2016
491
515
US
I wouldn't doubt the deal. It's in the same ballpark as the 3rd quarter 2016 deals several of us got on P90Ds.

2 year lease.
Sticker was ~140.
Discount was ~40.
Residual is ~91.
Finance charge ~14k.
Tesla "made" me put 5k down.
Lease paymenet $768.40 /mo including taxes
 
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Reactions: FlatSix911

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