Q1 2020 PM3 Lease Questions

[MayorMcCheese1]

Whats up everyone

Been on the forum for a while reading and seeing peoples posts clicking links looking at all inventory across all sites etc figured id post something and hear what some of you have to say.

I am looking to lease a PM3 in blue with FSD and white interior. Im seeing $700-$730 depending on how I play with the calculator and I know Elon spoke of increasing FSD Nov 1st but I am still in the waiting game looking to buy one come Q1 of 2020 when I hit my 30th birthday.
On Tesla.Com I see $1200 doc fee in the configuration but is that included as part of the quoted lease I am seeing? I see the acquisition $695 & in NJ we dont pay sales tax but I guess what im asking is how many of you pay similar to what you were once quoted?

My Cayenne gets about 7-8 days on a full tank 340miles with normal driving and im paying $75-$80 a week x 4 is a hefty gas bill I have 45 months left on my finance and the lease would be 36mo so the way I see it I get out of the gas bill and that money is now being contributed to my PM3 plus I save 9mo of Porsche car payments and I would think my Tesla would be cheaper to insure then my Porsche which is $185mo with Progressive

What are some of you guys paying insurance wise? Im not really interested in a S or X I was a few months ago but if I got a refreshed S 90D or 100D depending on the build year its still the older battery packs doesn't support the charging like the 3 and refreshed or not it still feels like a 2012 when it first arrived.

I dont really see any 2020 TM3 being any different then Q3 2019 when I think HW 3.0 came out maybe im wrong though.

Cheers!
Dan

 

[rtshefe]

you realize you dont have the option to buy the tesla when your lease is over...right?

this makes leasing a tesla an insanely bad decision. I was goin to lease a performance with a 15k downpayment and had monthly payments of 290 or something..then I realized that I would be completely throwing my money away so I decided to just buy it..at least I have something when its all said and done.
as far as insurance, I priced around and found that my insurance went up by around $100 a month to add it with a 2017 tacoma and a 2019 cr-v

 

[stevegu]

you realize you dont have the option to buy the tesla when your lease is over...right?

this makes leasing a tesla an insanely bad decision. I was goin to lease a performance with a 15k downpayment...

I would agree with this under the high downpayment scenario, certainly not a good idea. My lease included a $ .14 downpayment and almost 69% residual, certainly this would not be likely to be purchased at the lease end anyhow and works out to about $ .78/mile during the 3 years, taxes and all, pretty reasonable for a $ 49,000 car.

 

[MayorMcCheese1]

$3500 down on a 72mo finance gives me a $980 finance payment on a 3.99% interest. If I do a lease with adjusted numbers for "total due at signing" and keeping it still $3500 down Id be looking at $780 I am just going by Teslas website I havent looked into Credit unions for better rates or anything Im just keeping everything as a broad subject for now.

If I dont plan on keeping the PM3 due to the eventual S and X redesigns wouldn't I be in a better situation with a lease? I know about the no option to buy out the 3 but you guys arent the first people Ive heard saying its not worth leasing and I still havent figured out why? I am a blue PM3 with white interior and FSD.

 

[jonquiljo]

You could buy the thing and finance it (at your discretion). There's a bit of inherent risk in that - then again, it's really not that much money over the long haul.

Leasing in general is a bad way of spending money and leasing a Tesla is a bad way of leasing - period.

 

[dmurphy]

Not going to wade into the leasing decision - that’s solely yours - but for insurance ... was very comparable to my previous vehicle (Cadillac XT5) I believe within $30/yr.

I’m paying approximately $900/yr for the Model 3. State Farm, full coverage, high limits, low deductibles, etc.

 

[anthonyj]

Leasing actually kinda makes sense for Teslas due to the possibly insane depreciation. The tech is constantly changing. In 3 years we will probably see a 500-600mi Model 3, 3.2s will probably be standard just to screw with ICE manufacturers, etc. Look at what happened to used Model S