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Snagged a P90D Inventory car for $700/mnth on the new 24 month lease

Discussion in 'Model S: Ordering, Production, Delivery' started by SoCal Jimmy, Aug 20, 2016.

  1. SoCal Jimmy

    SoCal Jimmy Member

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    #1 SoCal Jimmy, Aug 20, 2016
    Last edited: Aug 20, 2016
    A fellow TMC member I've been talking to snagged one this morning and brought it to my attention.

    Reached out to my OA and we ordered one for my pops this morning.

    It's a new unregistered 2015 demo model and has 4100 miles and every option except ludicrous.
     

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  2. hmmm

    hmmm Member

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    Nicely done. What calculator are you using in that screenshot? Looks good.
     
  3. Xenoilphobe

    Xenoilphobe Active Member

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    damn that is a good deal - even with cap acquistion costs of $7500, that's only $1K per month.
     
  4. SoCal Jimmy

    SoCal Jimmy Member

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    It's tesla's own system. My sales person sent that over to me
     
  5. Xenoilphobe

    Xenoilphobe Active Member

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    I gotta call Marco Polar (sales dude at Tysons) today!!! Thats an excellent deal.
     
  6. kort677

    kort677 Active Member

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    ;) good deal, I'm jealous
     
  7. PatrickCP

    PatrickCP Member

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    That's awesome. However I think I'd spend the next 24 months thinking about how sad I'm going to be when I have to give it up knowing for $700/month I'll never be able to get that kind of car again. That kind of performance is addictive. and having to give it up in the future is going to be rough as having to pay over double that two years from now would make my wallet hurt.
     
  8. outie

    outie Member

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    Does anyone know how Tesla came up with such number? I see the money factor, what residual value is being used here? Does a 2015 just have a high inflated residual value based on its original MSRP before discounts?

    When you check on their lease page it shows a p90d ($109k) for $1516+tax, 24 months.
     
  9. SoCal Jimmy

    SoCal Jimmy Member

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    This is an inventory car. The $31k discount is a straight cap reduction, which in return lowers the monthly payment.

    The online calculator assumes full MSRP
     
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  10. Chopr147

    Chopr147 Active Member

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    You better start saving now or :eek: you may have to go back into an ICE in 2 years! :eek::confused:
    The horror!
     
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  11. SoCal Jimmy

    SoCal Jimmy Member

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    Well most likely buy out one of our P90D's at some point and keep it long turn.
     
  12. outie

    outie Member

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    Yea I see it now. 25% off MSRP but residual is about 69-70% of its original full MSRP.
     
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  13. hmmm

    hmmm Member

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    The UI looked very "official", that makes sense. I wish they had that one available.

    I am not that good at math here, but even if I account for the cap reduction and price a car at your post cap reduction price, I am getting much higher payments. What am I missing?
     
  14. SoCal Jimmy

    SoCal Jimmy Member

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    Probably right. I won't see the official lease doc until Monday or Tuesday when their leasing dept sends it over.
     
  15. SoCal Jimmy

    SoCal Jimmy Member

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    30k discount on the car?
     
  16. outie

    outie Member

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    #16 outie, Aug 20, 2016
    Last edited: Aug 20, 2016
    You can't price a car with MSRP of the post cap reduction to get the same lease payment. Lease payment is largely based on residual value of the vehicle from MSRP. Your 100k MSRP with 70% (70k) residual is NOT the same as 130k MSRP (-30k cap reduction) with 70% residual (91k).
     
  17. carter_seattle

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    @SoCal Jimmy - it would be awesome if you'd be willing to share the leasing numbers. I tried to build a spreadsheet to back into the residual, but this is the closest I could get:

    Tesla Leasing Model (Public)

    That's an amazing deal, congrats for jumping on it.
     
  18. Xenoilphobe

    Xenoilphobe Active Member

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    Got this quote for an inventory 2016 P90DL loaded (minus jump seats). every option... VIN is 130XXX

    2016 P90DL photos and specs.jpg 2016 P90DL LOADED.jpg
     
  19. Wshowell

    Wshowell Member

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    That's a great opportunity to own such a machine for a great price during this crazy growth of technology and uncertain depreciation period before Model 3 release. I wish Tesla would consider leasing out the CPO's they are offering. Some of the S60s I've seen selling in the $45K range should have a pretty flat depreciation curve (maybe a 3 year residual of $35K). That'd put a monthly lease at around $350 all in. After "gas savings" that becomes "bus pass" kinda transportation costs. I imagine the 400K of us with Model 3 deposits would be all over this concept. Hint hint nudge nudge Tesla insiders!!
     
  20. hmmm

    hmmm Member

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    And...it all makes sense now. Thank you.
     
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