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

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Unfortunately, the latest lease residuals seem to be about accurate. The P100d lease residual is about $82k after 2 years. that's making the lease payment over $1,800 a month even for demo cars.

I think that's about what the two-year-old p90d's selling for right now, so it's hard to argue with that.

I could buy a p100d, but I'm thinking that the values will drop like a rock when the new refresh happens sometime next year. The P100d is 2 years old right now....

All of that is pushing me towards a model 3 Performance Edition. I don't think it will depreciate nearly as badly in 2 years. That's when I'm hoping I can get the new Roadster....
 
Today is the sad day for me. I'm returning the P90DL in a little less than 2 hours. While I filed the paperwork to extend the lease for another 6 months, I just couldn't justify paying another year's worth of DMV registration. Or more specifically, I couldn't justify it to my spouse! :)

I'm glad to have had the opportunity to enjoy such a magnificent car for 2 years.

I remedied any defects the inspector found with the car, so I'll see how they deal with that upon return of the car this morning. I'll report back to the thread regarding the lease return experience.
@tmarcc how did it go?
 
@tmarcc how did it go?

Not too well. As folks may recall, the AutoVIN inspector noted that I didn't have both keys at the time of the inspection at my workplace parking lot, so he marked one missing. He said it wouldn't be a problem since I'd have both keys when I returned the car. I also had the rim rash repairs on the 3 rims prior to returning the car. the total price in excess wear that I would have been charged had I not addressed the issues was $750 ($375 for a 'missing' key and the rest for the 3 xurb Rasheed rims).

Anyway, prior to returning the leased car, I had all three runs repaired, and of course return to the car with both keys.

Notwithstanding the fact that I return to the car with both keys, and repaired all the rims, the delivery specialist who handled my return didn't even bother evaluating the steps I took at remediation. He took pictures of the car, and acknowledged that I have return to both keys, but said the paperwork still needed to show that I had $750 worth of excess wear. Even though I repaired everything and handed both keys back to the guy! He told me that AutoVIN is the only party that can assess my car. I also brought a receipt showing the rim repair that have been made, as per guidance on the Tesla lease return website. He indicated he didn't need to see it, since he wasn't empowered to evaluate any remediation.

First he told me that I should have repaired the car and had both keys present before the inspection. Then he told me that I should have had the inspectors come back and evaluate my car a second time, artea I had the rim repairs completed, and had both keys present. Then he told me I should call AutoVIN and have them come quickly to the Tesla return center so that they can evaluate the car in the next one to two days before Tesla ships it off. It just didn't make any sense. They certainly didn't need AutoVIN to see that I handed in to keys.

Also, I never had a chance to see the people who process the lease return paperwork. The delivery specialist, who didn't seem very experienced, kept going to the back to speak to the lease return paperwork people. The paperwork said I would be billed for the excess wear charge.

After I left, I wrote an email to [email protected] about the problem (I couldn't manage to reach them by phone). They apologized for my experience, and for the lack of communication between their teams. They said they would provide my information to US Bank, who I presume was involved with the lease. They said having the excess wear charge removed was 'trickly', but that they'd take care of it.

For good measure, I returned back to the Delivery Center, insisting that I shouldn't be debited for the excess wear considering that I 1) returned both keys and 2) fixed any rim damage. I then spoke to someone who seemed more experienced. He went down, took extra pictures of the car, took a picture of the two keys I had returned earlier, and also took a copy of my repair receipt. He said he would forward them to the 'remarketing department' who would remove the excess wear charges.

The experience was really suboptimal. The only takeaway I have is that folks should try to address any repairs before the AutoVIN inspection. If you don't, and do repairs afterwards, be sure to see if the inspectors can come out a second time. And definitely be sure to have both your keys at the time of the inspection.

It was a negative experience.
 
@tmarcc - sorry to hear that. if they are shipping the car back to US Bank, i wish US Bank would just come and pick it up on a flatbed truck. they did this for a lexus lease years ago and it was part of the disposition fee. at least we wouldn't have to coordinate two people going to the SC to drop it off.

i still need to cancel my autopay since that is not discontinued automatically after your last payment. will have to call that in tomorrow before i forget.

hope everyone else's lease returns go ok.
 
I'm another of the few P90DL Lease deal owners. Mine is up on 9/22 and AutoVIN came out for the inspection the other day. I had a small amount of damage that I had touched up by Tesla on the rear bumper and a small scratch on the rear bumper that is hard to see even in daylight. $0 chargeable wear and tear and I've been told to bring it back to the Tesla Service center before 9/22. I've been looking at Inventory deals myself trying to decide between a P100D, 100D, and a M3P. I drove the M3P recently and its far more linear in acceleration which I suspect is to prevent the destruction of the half shafts (I'm on my 3rd set in 23k). There are some P100D's out there with 20k discounts, the 7500k Tax credit, and free supercharging that look appealing on the purchase side of things. As for a lease the Money factor of 5.75% is killing these lease payments. As much as I love my P90DL I was willing to settle for a 100D but even those payments are hundreds more than my beloved P90DL.

Should also be noted nearly all of the inventory P100D's have the old MCU (March 2018) in them and that's another $1500 to upgrade and they lack the newer ventilated seats (May 2018). I don't care about the seats but I've driven a car with the newer MCU - its SO MUCH faster.

I was told I could extent the lease for any length of time up to 6 months. I'm considering extending to December in hopes there are some end of year inventory deals given the tax credit goes away etc. Thoughts anyone?
 
Unfortunately, the latest lease residuals seem to be about accurate. The P100d lease residual is about $82k after 2 years. that's making the lease payment over $1,800 a month even for demo cars.

wow, 82k residual? our P90DL has a residual of $96,284 after 24 months. i really wish us bank or tesla would have negotiated a buy out with all of us. we may have considered it if it wasn't so dang inflated :mad:
 
Mine is about $90k for the P90DL which will have 41,000 miles on it when it goes back. Insane.
41,000 miles?! i don't feel as bad now turning it in with about 29,000 miles. (it had 600 miles when we got it)

how many excess miles is that? i am going to be paying about $2000 in excess mileage but i expected that because the 10k annual miles was cheaper even after tacking on 25c a mile later on, compared to the 12k and 15k options.
 
41,000 miles?! i don't feel as bad now turning it in with about 29,000 miles. (it had 600 miles when we got it)

how many excess miles is that? i am going to be paying about $2000 in excess mileage but i expected that because the 10k annual miles was cheaper even after tacking on 25c a mile later on, compared to the 12k and 15k options.

Believe it or not I will be under the miles. This was a lease that should have never been. Picked it up with 21,365 on the ticker.
 
Where did you hear that it costs $1500 to upgrade to the new MCU? Did Tesla service finally release an upgrade path and pricing? I heard it was difficult since it required a new wiring harness, etc.

I was looking at older Demo cars and I said I wanted one with the newer MCU and they said its cheaper to buy an older inventory car and upgrade the MCU. I asked him to check on the cost and he told me service said it was $1500.
 
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