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Purchase or Lease ?

Discussion in 'Model S: Ordering, Production, Delivery' started by hyper, Sep 10, 2016.

  1. hyper

    hyper Member

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    Near ordering a new model S for $90K. Having a hard time deciding between purchase or 24 month lease option. Not sure how long I'll keep the car (may want to "upgrade" to new model after a couple years).

    Am I calculating this correctly? Looks like I save $800 by leasing?
     

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  2. number12

    number12 Member

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    Depends on your states taxes. Good lease bad finance.
     
  3. tchockie

    tchockie Member

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    and also depends on if you write off your lease for business. I save way more money by leasing cars and writing it off.
     
  4. hyper

    hyper Member

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    No biz write off...

    Even without the 7500 fed write off this seems like lease is a better deal.
     
  5. number12

    number12 Member

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  6. hyper

    hyper Member

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  7. number12

    number12 Member

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    GA state credit expired a while ago. With only fed rebate it was a $18,500 upfront cash swing to finance over lease.
     

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