TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC

Upgradging from 60 to 75 on Lease

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

Tags:
  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

    Joined:
    Mar 12, 2016
    Messages:
    302
    Location:
    Chicago
    I'm interested to see the answer to this as well...
     
  3. chillaban

    chillaban Active Member

    Joined:
    May 5, 2016
    Messages:
    3,303
    Location:
    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 ⚡️⚡️⚡️⚡️⚡️

    Joined:
    Jun 26, 2016
    Messages:
    2,268
    Location:
    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 Active Member

    Joined:
    Aug 11, 2014
    Messages:
    1,107
    Location:
    CT
    Don't do it unless you absolutely need the range.
     

Share This Page

  • About Us

    Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.
  • Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


    SUPPORT TMC