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Tesla Model S 70D Lease Transfer with Cash Incentive

Discussion in 'Model S' started by ryantank, Dec 18, 2016.

  1. ryantank

    ryantank Member

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    The family is growing and we need to exit our Model S lease so that we can switch to a Model X. Currently 19 months left on the lease of our Tesla Model S 70D. The payments are currently $1211/month with an allowed 718 miles/month remaining. Willing to throw in a cash incentive of $3K or more to bring the overall monthly payments down to a little over $1K/month (I'm flexible). Full Lease Trader link is here (2015 Tesla Model S 70D lease $1,053.89 - Milpitas, California 95035). Here are the options:

    Model S 70D
    All-Wheel Drive Included
    Titanium Metallic Paint
    All Glass Panoramic Roof
    19" Wheels Included
    Black Next Generation Seats
    Glossy Obeche Wood Décor
    Black Alcantara Headliner Included
    Autopilot Convenience Features
    Premium Interior and Lighting
    Smart Air Suspension
    Ultra High Fidelity Sound

    Also throwing in a recently purchased set of all-weather mats (front and rear). Please PM if interested. This could be a great way to get into a Model S without having to cough up a lot of money up front. Also, this could be a good purchase as well since all you are responsible for would be the remaining lease payments plus the buy-out price in the lease.

    Thanks!
     
  2. ryantank

    ryantank Member

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    I have also updated the listing with the residual/buyout amount.
     
  3. ryantank

    ryantank Member

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    Oh, I forgot to mention, this car also has free supercharging for life!
     
  4. ryantank

    ryantank Member

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    Come on guys! Are you going to make me bump the incentive to $3500?
     
  5. Tazman

    Tazman Member

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    Apparently they are;)
     
  6. AvengerBB

    AvengerBB Member

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    There is a separate forum for buy/sell where you might get more traction.
     
  7. ShockOnT

    ShockOnT Quickish

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    I bid two bits!
     
  8. David_Cary

    David_Cary Member

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    So remaining + buyout at $74.6k. For a car with 30k miles. Seems ridiculous. The miles remaining are too low to be meaningful. Hey don't feel bad - I have nearly the exact same car with similar lease/miles.

    Just got an email from a friend got an inventory for $72.5. Sure no air, AP or D but 0 miles, refresh and 75. And I presume $7,500 coming to him (which means the equal car deal would have right at $75k)

    Looking at your miles and numbers, I'm thinking $10k on the hood would make it move. Good thing I'm not looking to get out of my lease.
     
  9. ryantank

    ryantank Member

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    Would anyone be interested in this lease transfer if I auto-wired $300/month for the next 19 months in the lease? That's a total cash incentive of $6650 and essentially brings down the payment to $861/month.
     
  10. YauKwan

    YauKwan Member

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    That buyout is high.

    you can get a 70d for much less mileage for 67k Model S 70D 5YJSA1S28FF094424 | Tesla

    i would imagine, you would need to be in the 50k range to get traction on the car.
     
  11. JPUConn

    JPUConn Member

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    Can you rent the car out on a site like Turo to cover your cost or is that not allowed on leased vehicle?
     
  12. esk8mw

    esk8mw Active Member

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    This is probably a dumb question as I don't have much experience with leases, but have you asked Tesla about your options?

    I would think they'd be eager to get you into a new, more expensive Tesla and might work with you to reduce the early termination penalty or whatever there is. I might be way off base, though.
     
  13. SCDrJ

    SCDrJ Member

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    Or take it to CarMax... They will give you an offer (if they buy Tesla), and then you have the option to pay the difference between the offer and owed amount on lease. If it's less than the incentive you are offering it's an easy way out!
     
  14. bswn1

    bswn1 Member

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    They will roll your negative equity based on the buyout and current trade value into a new lease or purchase if you ask them to.

    If you are going to auto transfer someone $300 / mo anyway, you might as well find out what the addition to the new monthly payment would be. I bet you'll be surprised.
     
    • Informative x 1
  15. ryantank

    ryantank Member

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    I'm offering to pay $350/month for each remaining month in the lease, which over time brings the total incentive to $6650 (or basically $861.78/month payment). Please contact me if interested.
     
  16. jevan43

    jevan43 Member

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    OK, but you really should take some of the advice that has been given here...
     
  17. ryantank

    ryantank Member

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  18. seenhear

    seenhear Member

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    Reason 4,220 why I will never sign a lease for a car.
    Too bad you didn't get the rear-facing seats! You could keep it with the expanding family (and/or I'd be interested in it.)
    Seriously good luck. I hope you can move it.
     
  19. wanaxnow

    wanaxnow Member

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    Is this still available?
     
  20. croman

    croman Active Member

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    Lease trader ad says still available. Maybe contact there?
     

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