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Possible to change from a purchase to lease?

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

  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. 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.
     
  3. Electric700

    Electric700 Member

    Joined:
    May 21, 2013
    Messages:
    987
    Location:
    Florida, United States
    Nice! Good to know.
     

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