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POLL: Did you pay cash, finance or lease?

Discussion in 'Model S: Ordering, Production, Delivery' started by Barry, Sep 28, 2013.

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Did you pay cash, finance or lease?

  1. Cash

    53 vote(s)
    52.5%
  2. Finance

    47 vote(s)
    46.5%
  3. Lease

    1 vote(s)
    1.0%
  1. Barry

    Barry Member

    Joined:
    Aug 9, 2013
    Messages:
    786
    Location:
    Colorado
    Curious as to what everyone thinks of tesla's lease option.
     
  2. Merrill

    Merrill Active Member

    Joined:
    Jan 23, 2013
    Messages:
    2,098
    Location:
    Sonoma, California
    I do not ordinarily lease cars, I have always paid for them up front. So have not looked much at Tesla's leasing options.
     
  3. ElSupreme

    ElSupreme Model S 03182

    Joined:
    Jan 13, 2012
    Messages:
    4,279
    Location:
    Atlanta, GA
    It isn't really a lease. It is a purchase with a buyback clause. Works similarly on the surface as a lease however.
     
  4. texex91

    texex91 Banned

    Joined:
    Aug 21, 2013
    Messages:
    1,590
    Location:
    hell
    Cash is king...
     
  5. TylerCA

    TylerCA Member

    Joined:
    Sep 1, 2013
    Messages:
    300
    Location:
    portola valley, ca
    No conventional lease pgm available, otherwise I would have considered it. Paying cash for it when it comes in.
     
  6. MacLeodMX

    MacLeodMX Member

    Joined:
    Aug 22, 2013
    Messages:
    54
    Location:
    Sault Ste Marie, Ontario, CAN
    Saved up for a few months and paid cash. That's a satisfying feeling not being a slave to the bank or the oil companies now.
     
  7. efusco

    efusco Moderator - Model S & X forums

    Joined:
    Mar 29, 2009
    Messages:
    4,593
    Location:
    Nixa, Missouri, United States
    Didn't know what best to click. I paid about 80% cash, had to finance about $14k.
     
  8. LV2SF

    LV2SF Member

    Joined:
    Aug 2, 2013
    Messages:
    53
    Location:
    Nevada
    Totally agree. That's why I let the bank hold the paper and I keep my cash! I know, I know. I'll pay more for it over time but in tomorrow's dollars and I'll let my greenbacks keep working for me in the meantime.
     
  9. texex91

    texex91 Banned

    Joined:
    Aug 21, 2013
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    1,590
    Location:
    hell
    Let me re-phrase that...no debt, zippo, is king (along with cash :biggrin:)
     
  10. darthvdr

    darthvdr Member

    Joined:
    Jul 13, 2013
    Messages:
    310
    Location:
    los gatos, ca
    Money was too cheap for us to not to go through a bank at 1.8% for 60 mos.
     
  11. sunnysailor

    sunnysailor Member

    Joined:
    Oct 6, 2012
    Messages:
    21
    Location:
    Chicago
    Texex91,

    +1!

    I paid cash. All of it very hard earned.
     
  12. Mario Kadastik

    Mario Kadastik Active Member

    Joined:
    Sep 5, 2013
    Messages:
    2,047
    Location:
    Rae, Harjumaa, Estonia
    Not sure what to pick ;) i'll pay for the MS upfront, then get it registered in my country and then get financing because the financing is not available for cars that don't have Estonian registration. So cash and financing ;)
     
  13. PV4EV

    PV4EV Member

    Joined:
    Oct 26, 2011
    Messages:
    477
    Location:
    Area 51 / UK
    I think there should have been a 4th poll option . . as I'm curious to know what percentage of responders paid for their MS with the proceeds of TSLA gains !

    (Perhaps that could be qualified as, say, 75% or more of the car's purchase price was derived from TSLA profits.)
     
  14. Enadler

    Enadler Member

    Joined:
    Nov 29, 2012
    Messages:
    352
    Location:
    Westchester, NY
    First of all there is no lease option. Not that i would have taken it anyway. I was going to pay cash but was offered financing at 1.49%. To me that is like free money. I can do much better investing the $100k so I went with the financing.
     
  15. AC1K

    AC1K Member

    Joined:
    Mar 18, 2013
    Messages:
    468
    Location:
    Calgary Alberta Canada
    secured line of credit = cash?
     
  16. Bitech

    Bitech Member

    Joined:
    Sep 24, 2013
    Messages:
    36
    Location:
    n/a
    How did (or will) you afford the S?

    I'm interested in seeing how you're able to afford, finance, or plan to save up for the S.

    High paying job?
    Winning the lottery?
    Inheritance/come from a wealthy family?
    Traded in your BMW/Mercedes/Porsche/other expensive car?
    Living a frugal lifestyle?

    I mainly want to hear the stories from the people who would never buy a car as expensive as the Model S but were converted into buying/saving up for it.
     
  17. NigelM

    NigelM Recovering Member

    Joined:
    Apr 3, 2011
    Messages:
    13,257
    Location:
    Sarasota, FL
    Thats asking for a lot of personal info on an open website, not sure you'll get many detailed replies. Who knows?
     
  18. AMPd

    AMPd Active Member

    Joined:
    Nov 27, 2012
    Messages:
    1,552
    Location:
    Northern California
    Saving up! + lots of overtime

    Almost there! Just a few more months of hard work! The wait is killing me... I WANT IT NOW!
     
  19. Tacket

    Tacket Member

    Joined:
    May 31, 2013
    Messages:
    268
    Location:
    Mukilteo, WA
    60% cash the rest financed.
     
  20. Half Dollar Bill

    Half Dollar Bill Traveller, teacher, poet, accountant

    Joined:
    Oct 19, 2013
    Messages:
    557
    Location:
    Northern Virginia
    We've been frugal. This is probably 2X what we've spent on cars previously. Really tired of gas, maintenance and second guessing myself any time a brass ring came by on the merry go round of life. Can't wait for my grin. Only 27 more days!
     

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