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Tesla leases and the $7,500 tax credit

Discussion in 'Model S' started by CapeOne, Jul 6, 2016.

  1. CapeOne

    CapeOne Member

    Joined:
    Jun 14, 2016
    Messages:
    137
    Location:
    New England
    Does anyone know why Tesla applies the $7,500 tax credit to the residual value instead of using it as a cap cost reduction? The way Tesla applies it is worse for the buyer (lessee) as it makes the lease end buyout number $7,500 higher and also makes the monthly payment slightly higher.

    Is it simply that Tesla wants to discourage lease buyouts so they can make money selling the turned in car themselves as a CPO and force the customer into another (hopefully Tesla) vehicle?
     
  2. patrick40363

    patrick40363 Member

    Joined:
    Mar 25, 2014
    Messages:
    208
    Location:
    Cali
    Do you have any idea of how a lease works? The leasing company gets the tax credit and uses it where they want.

    Tesla lease deals aren't very good. Too much money down.
     
  3. CapeOne

    CapeOne Member

    Joined:
    Jun 14, 2016
    Messages:
    137
    Location:
    New England
    Of course which is the reason I asked why they chose to add the tax credit to the residual instead of making it a cap cost reduction. They obviously have no problem applying the full $7,500 to the lease deal but do so in a way less favorable to the buyer (lessee) and I was just wondering the motive(s). I gave a 'theory' and was curious if anyone had facts or other theories.


    Tesla requires a $2,500 order payment up front which by default is applied to the lease. Do you know for sure that Tesla won't consider refunding that $2,500 at delivery to allow someone to do a $0 down (besides first payment and acquisition fee) lease?
     

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