P100D Model S Crazy Lease Deal

[Model S M.D.]

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!

 

[Naekuh]

It's not, Tesla does this from time to time. The P100Ds don't cost them much more to make than a 100D, so they can afford to drop the price a bunch and still make some money on them.

No i honestly think the OP is trolling us.

Potential 2017 Model S P100D Lease Deal - Need Input!!

He also made that thread.

 

[jaguar36]

No i honestly think the OP is trolling us.

Potential 2017 Model S P100D Lease Deal - Need Input!!

He also made that thread.

It is theoretically possible he's trolling of course, but Tesla does do these deals from time to time at the end of quarter. They have for years as well, its not a one time thing.

 

[bcamacho]

The numbers don't add up. Even with inventory cars, after the discount a lease would be north of $1500/m.

 

[LVThomas]

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]

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]

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]

@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]

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%!

 

[Skipdd]

I didn’t think Tesla did any financials - they outsource to a bank.

They do. I'm on my second one (S 100D). Not getting into the religious war between lease vs purchase..

 

[RyanS]

Are you the Nigerian prince? Can I send you my credit card number so that you can share your fantastic lease deal with me? Is it still April 1st?
"Fake news." ~Donald Trump

 

[Sandollars]

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.

 

[Evil Twin]

Damn you Sandollars! You just destroyed my hope....

 

[SDRick]

If the OP had to ask if 36 months @ $830 a month is a good lease deal for a P100D one could assume either there is no such deal or the OP can't do math.

 

[n2mb_racing]

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.

 

[SucreTease]

No i honestly think the OP is trolling us.

Potential 2017 Model S P100D Lease Deal - Need Input!!

He also made that thread.

His account was created for the sole purpose of posting these two threads and never used again.

 

[Sandollars]

If this is a legit deal, I will eat my Borsalino Maestoso......

 

[u00mem9]

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?

 

[bcamacho]

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.

 

[ba2002]

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