Tesla Model S 70D Lease Transfer with Cash Incentive

[ryantank]

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!

 

[ryantank]

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

 

[ryantank]

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

 

[ryantank]

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

 

[Tazman]

Apparently they are

 

[AvengerBB]

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

 

[Shock-On-T]

I bid two bits!

 

[David_Cary]

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.

 

[ryantank]

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.

 

[YauKwan]

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.

 

[JPUConn]

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

 

[esk8mw]

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.

 

[SCDrJ]

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!

 

[bswn1]

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.

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.

 

[ryantank]

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.

 

[StoXto3toY]

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.

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

 

[ryantank]

Hello all! My Tesla Model S 70D is still available for a lease takeover/assumption. There are 17 payments remaining. I'm offering a $6K cash incentive. Please PM me if interested or contact me via LeaseTrader ad! 2015 Tesla Model S 70D lease $836.78 - Milpitas, California 95035

 

[seenhear]

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.

 

[wanaxnow]

Is this still available?

 

[croman]

Is this still available?

Lease trader ad says still available. Maybe contact there?