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Upgradging from 60 to 75 on Lease

Discussion in 'Model S' started by sepsepb, Apr 17, 2017.

  1. sepsepb

    sepsepb Member

    Joined:
    Jul 25, 2016
    Messages:
    7
    Location:
    Toronto, Ontario
    I have a 60D on a lease that I took delivery on in September. With the new price decrease, this upgrade seems like a no-brainer. However, I was wondering if anybody has actually done this on a lease.

    Do you pay the full amount for the upgrade? Shouldn't they technically prorate your lump sum payment or incorporate it into your monthly lease payments?

    Was just curious if anybody has done this and how much they paid.

    Thanks!
     
  2. plasmo

    plasmo Member

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    Mar 12, 2016
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    Location:
    Chicago
    I'm interested to see the answer to this as well...
     
  3. chillaban

    chillaban Active Member

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    Bay Area
    You would pay the full amount. They will not redo your finance contract for the option.

    It's no different from getting equipment upgrades or performance packs on a BMW M-line model while leased.
     
    • Informative x 2
  4. sepsepb

    sepsepb Member

    Joined:
    Jul 25, 2016
    Messages:
    7
    Location:
    Toronto, Ontario
    If I pay the full amount for the upgrade I should "own" what I pay for (whether I buy out my lease at the end or not). If you are correct, this doesn't really make sense and the after-delivery upgrades are kind of priced deceptively.
     
  5. ShockOnT

    ShockOnT Quickish

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    Sydney
    You could take a personal loan for the amount and set the payback period to be the same as remains on your lease.
    A bit unusual perhaps, but might give you the result you're after.
     
  6. JPUConn

    JPUConn Member

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    Aug 11, 2014
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    587
    Location:
    CT
    Don't do it unless you absolutely need the range.
     

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