Wondering how y'all take into consideration a large up-front payment on a lease when it comes to a buy-out? I'm not driving the Model X nearly enough for business mileage because our client base shifted to where I'm doing a lot of one-way rentals and flying on to the next location instead of round-trip driving them.
2018 Model X 100D
Sticker Price: $120,500
$30K down cash
Adjusted Capitalized Cost: $90,500
Residual Value: $69,557.50
Lease Payments: 36
Base Monthly Payment: $917.86
Monthly Sales/Use Tax: $64.25
TOTAL MONTHLY PAYMENT: $982.11
I wanted to have payment under $1K/Month which was reason for putting cash down up front.
Lease is for 15K miles/year. Averaging out to 41.095 miles/day over 3 years would put me at 478 days today, or 19,643 miles. Today I have 15,803.
So by October 25 I'll be -4,000 on allotted mileage, with 20 months left on the lease.
20 months with 30,000 miles to spare, $982 monthly payment.
In my mind it makes sense to ask for $10,000 cash as a part of a lease transfer/buy-out for both the mileage available as well as the $833/month paid up front on the lease. I'd be "eating" 6K of that at 10K payment but assuming more depreciation on the front end of the lease.
Thoughts, oh wise forum members who have a comment on every for sale thread that goes up?
2018 Model X 100D
Sticker Price: $120,500
$30K down cash
Adjusted Capitalized Cost: $90,500
Residual Value: $69,557.50
Lease Payments: 36
Base Monthly Payment: $917.86
Monthly Sales/Use Tax: $64.25
TOTAL MONTHLY PAYMENT: $982.11
I wanted to have payment under $1K/Month which was reason for putting cash down up front.
Lease is for 15K miles/year. Averaging out to 41.095 miles/day over 3 years would put me at 478 days today, or 19,643 miles. Today I have 15,803.
So by October 25 I'll be -4,000 on allotted mileage, with 20 months left on the lease.
20 months with 30,000 miles to spare, $982 monthly payment.
In my mind it makes sense to ask for $10,000 cash as a part of a lease transfer/buy-out for both the mileage available as well as the $833/month paid up front on the lease. I'd be "eating" 6K of that at 10K payment but assuming more depreciation on the front end of the lease.
Thoughts, oh wise forum members who have a comment on every for sale thread that goes up?