Something is happening (Tesla website down) - Leasing Option News

[JoshG]

New details and pictures on drop-in console--coming summer 2013.

Shop Tesla Gear Drop-In Center Console

I don't see anything new on this page. same pictures and info that have been available for a while. Am i missing something?

 

[AnOutsider]

New details and pictures on drop-in console--coming summer 2013.

Shop Tesla Gear Drop-In Center Console

That's a couple days old now

 

[kevincwelch]

It may not be for you, it isn't for me.
But a lot of people would rather lease new technology rather than own it. In addition, Tesla will guarantee the residual which should make leases much easier to get.

Leasing I understand...whether typical or atypical. If Tesla's big announcement is that leasing is available -- great! If it is to suggest you can drive away with a Model S for $500/m, that's almost deceptive based on a number of intangibles. The calculation seems like fuzzy math to me.

 

[BrandonF]

It isn't a lease! It is a financing program with a buyback guarantee, price pegged to a MB S Class.

Yep, basically a financing program with an out clause halfway through. Based on current financing rates available on the open market, you are paying roughly 2x the APR for the luxury of the out clause after 36 months. Probably valuable for some people for sure, but not sure its as valuable as a true lease.

 

[Benjam]

It sounds like this would only be good for those that "need" a new car every 3 years or like the peace of mind of being able to sell at a fixed price down the road.

 

[kinddog]

Personally I am a little disappointed in this. Sounds like hucksterism and I'm not sure that is a good message. But then I have never leased anything in my life and have always viewed car leases as a trap for the timid and poorly educated. Strictly old school....Demand is strong and there is no significant marketing. Why not spend the money on building the image instead of cheapening it..

agreed. "effective monthly payment" with "what's your time worth" b.s.?!?

today was just an elaborate sales trick.

that said, I'm getting that Plus package on my P85! them sh*ts better be retro-fittable!

 

[CyberDutchie]

That's a couple days old now

Ok, must have slipped my attention then.

 

[v12 to 12v]

It is the intangibles that make the Model S a good purchase. Electric motors last a lifetime compared to ICE.

 

[yobigd20]

guaranteed at 43% purchase price of the car. So you buy a $100k car, and 3 years later they buy it back from you at $43,000. In other words, you rented a car for 36 months and paid $57,000 for the rental. Actually the bank is fronting 10% so I guess in the end you rented it for $47,000.

 

[herbvdh]

What is the value of a Mercedes S-class after 3 years?

Elon said 43%

 

[Doug_G]

The standard 85kwh now says 5.4 seconds as well.

Performance shows 4.2. Wasn't it 4.4 originally?

 

[mknox]

With the web site back up, the Service Plan button is gone from the My Tesla page, but apparently I can now apply for financing?!?

 

[firealarm]

Elon said 43%

43, what? I see it as 56. This doesn't make any sense.

The whole 500 was a bunch of crap. Calculating the sticker and waiting at a gas station? Come on, I'm very dissapointed. Why not include the time it takes to install the new outlet, the cost for that, and the time it takes to get out of the car everyday and plug the car into the wall. Very deceptive and I'm not happy.

 

[ken830]

Leasing I understand...whether typical or atypical. If Tesla's big announcement is that leasing is available -- great! If it is to suggest you can drive away with a Model S for $500/m, that's almost deceptive based on a number of intangibles. The calculation seems like fuzzy math to me.

The true-cost-of-ownership is just another online sales/marketing tool, not really a big announcement. The guaranteed buyback, however, is a significant announcement.

 

[EarlyAdopter]

It isn't a lease! It is a financing program with a buyback guarantee, price pegged to a MB S Class.

Price floor pegged to a MB S Class. i.e. if you exercise the buyback you're guaranteed to get at least the residual on a MB S Class, or the going rate of a used Model S should it (likley) be higher.

 

[ItsNotAboutTheMoney]

guaranteed at 43% purchait'se price of the car. So you buy a $100k car, and 3 years later they buy it back from you at $43,000. In other words, you rented a car for 36 months and paid $57,000 for the rental. Actually the bank is fronting 10% so I guess in the end you rented it for $47,000.

Right. It's like owning a regular car, except it's a really expensive one.

 

[jed-99aggie]

Guaranteed Resale Value

Out of curiosity - has anyone checked out the Guaranteed Resale Value hyperlink on the bottom of the True Cost of Ownership | Tesla Motors page? Here is the direct URL: http://www.teslamotors.com/sites/default/files/pdfs/tesla-resale-value-guarantee.pdf

Will those of us who are current owners receive this nice letter from Tesla guaranteeing a 36 month buy back option? Not that I am looking to sell...

 

[digitaltim]

I would update the title of the thread - it is not a lease, it is a 66-month loan @ 2.95% w/ 10% down...

I think the novelty of the guaranteed buyback price @ the 36-39-month mark will attract a few people.

 

[Ben W]

Performance shows 4.2. Wasn't it 4.4 originally?

The options page seems a bit hosed at the moment. Obviously the 40kWh column shouldn't show a 230-mile range, even if it's the software-limited 60kWh pack.

 

[palmer_md]

well, the graphic at the top is the only issue. Clearly three columns of data for 60, 85 and P85, and the data below states that.