TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC

Possible to change from a purchase to lease?

Discussion in 'Model S' started by eRandall38, Aug 16, 2014.

Tags:
  1. eRandall38

    eRandall38 Member

    Joined:
    Jul 21, 2014
    Messages:
    90
    Location:
    Laguna Beach, CA
    I received my VIN last week, and a delivery date 2 days ago. My Model S is still "sourcing parts".

    Would it be possible to change from a purchase to a lease at this stage? Does anyone know the lease terms (length)?
     
  2. Electric700

    Electric700 Active Member

    Joined:
    May 21, 2013
    Messages:
    1,241
    Location:
    Florida, United States
    I don't see why not. Just e-mail [email protected] and feel free to report your findings back here.
     
  3. eRandall38

    eRandall38 Member

    Joined:
    Jul 21, 2014
    Messages:
    90
    Location:
    Laguna Beach, CA
    Thank you. From Tesla:

    You can absolutely switch, not a problem. I have listed more information below on our business leasing program.

    • Tesla is currently offering leasing to small and medium size business owners.
    • The lease program is a 36 month commitment, with a mileage cap of 45,000 miles over the 3 year term. There is a $.25 charge per mile over.
    • You have the option of purchasing your Model S at the end of your lease term for a residual value (equal to ~48% of the original Model S purchase price).
    • The minimum down payment for leasing is $5,000 capitalized cost reduction + first month’s lease payment + $700 acquisition fee + title and registration fees + all applicable taxes.
    • You may put down up to 25% of your vehicle’s purchase price.
    • Your lease agreement will list your business and you as co-buyers. The vehicle will be registered to your business address.
    • To submit a business leasing application, please log on to your My Tesla account Dashboard page. The application link is located about ¾ of the way down your Dashboard page on the left hand side.

    Please feel free to reach out if you have any further questions.
     
  4. Electric700

    Electric700 Active Member

    Joined:
    May 21, 2013
    Messages:
    1,241
    Location:
    Florida, United States
    Nice! Good to know.
     

Share This Page

  • About Us

    Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.
  • Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


    SUPPORT TMC