I'm sorry, but looking back on this thread, you already mentioned this back on August 3rd. I think the OP got your point though. LOL
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I'm sorry, but looking back on this thread, you already mentioned this back on August 3rd. I think the OP got your point though. LOL
Let's try a 2018 bump of this thread
Prefer a short term lease takeover.
Thanks everyone.. looking to get into one ASAP. Returning the RDX soon, or we could swap? 2016 Acura RDX Tech Elite, White with 33,000km.
Prefer a short term lease takeover.
- AWD a Must (still)
- Must have warranty for remainder of lease (given I think)
- Model S preferred
- Looking for most economic takeover, so performance or higher battery not necessary.
- Prefer Blue/Black
- If purchasing, MUST have White Vegan Seats - after being in them - I can't not have this. (will also settle for black)
- If short term lease Black would be fine.
- Any other options are nice to have but not necessary.
- I'm in Ontario, but willing to travel anywhere in Canada.
- All service records, and service up to date
- Transparency about why your getting rid of it (just don't want a lemon)
Thanks everyone.. looking to get into one ASAP. Returning the RDX soon, or we could swap? 2016 Acura RDX Tech Elite, White with 33,000km.
sakimano
Active Member
did you go on leasebusters? I mean you must have but there are usually 2 or 3 on there. No real value on there right now but once in a while a good one pops up.
I see
30000 downpay + 1500+ monthly
Or
5000 down pay + 2500+ monthly
for such takeover
I know there are two Chevy Bolt in stock in a dealer near New market
You should know the answer
Well, I have to disagree. Once you get stuck, you are stuck. Have on nearly new winter tires, got stuck 4 times two weeks ago and had to dig out each time spending at least 30 min each time. 3 times I had people help push me out. Those are the times I wish I got AWD.
Yes, I have alerts set, thanks for the reminder though. I'm looking to find one with under 15 months at around ~$1500 taxes in.
Yes under/around $1500 with taxes is the goal. @Navsarin had a 2016 S90D Blue on Black for around that price so something like that or a little cheaper/less months is what I'm shooting for. I have a Model 3 reservation, but I'm thinking I'll probably prefer a used S anyways.
sakimano
Active Member
If you find that you'll have a good sized chunk of positive equity in it. Hopefully the seller doesn't realise it.
So you mean like if the buyout at the end is $50,000 and the Tesla buy back value or market value on Autotrader is $59,000, that's what I should be looking for?
Destiny1701
22’ M3LR ‘DrkNite’/ 22’ MYP BliueRocket
I did yes but that was based on a special lease rate of 1.9% back then and a higher residual value at that time. Currently Tesla’s lease rate is 6% vs the finance rates of 1.79-2.24%....as I imagine they simply don’t want the burden of lease returns.
You are just one of a kind Nav! I'm really bummed now that I understand more of how great a deal your vehicle was.
Destiny1701
22’ M3LR ‘DrkNite’/ 22’ MYP BliueRocket
Lol. Then you don’t want to know my lease deal on the current inventory 2017 P100D I replaced it with.
Birdman325
Member
Not to jump in on this thread but the lease numbers for the MX in Canada (48 months) are abysmal (at least when I looked at the numbers).
Seems like the perfect car to lease but the numbers in the US seem far better than here in Canada.
Seems like the perfect car to lease but the numbers in the US seem far better than here in Canada.
sakimano
Active Member
exactly. That's what happened to me.
Your lease payment is comprised of 2 things
1. interest - you're effectively borrowing the full amount of the car for the 3 or 4 year lease term, so they apply a loan rate to the vehicle's value over that period
2. depreciation - not actual depreciation but an estimated depreciation over the life of the lease. Manufacturers often (always?) overestimate depreciation because if it's a walk away lease, it's like a put option that allows you to force the company to take the car back. They're happy to do that if its worth more than the buyback price but if it's not, it means they've taken too little from you in your lease payments.
Tesla priced their leases as if the car would depreciate 50% in 3 years. That's aggressive and makes sense they're protecting themselves in line with #2. Teslas however don't depreciate 50% in 3 years, or anywhere near that. In fact the regular cars (70D, 75D, 100D etc) hold value incredibly well. The PXXD cars don't. That's another story.
So if you lease one from new you'll overpay on the lease, then have some equity in the car at lease end.
If you take over someone's lease after they've (over)paid for 1.5 or 2 years, you'll have their equity in the lease for yourself. At lease end or anytime you buy out the car, you'll be able to use that equity to your advantage on the next car you get.
Why do you say that the P cars don't hold their value? My worry is that Teslas will depreciate faster than "regular" cars because there is still a lot of innovation happening in Teslas. I would discriminate a fair bit between non-AP cars, AP1 and AP2, especially if they get the kinks out of AP2 (or maybe they have already).
sakimano
Active Member
because I just bought one and spent a lot of time looking at the market. I agree the evolution of the newer cars is nice and is a potential hit to the older cars, but that's normal for any car. I'm speaking of the difference of like for like or apples to apples comparisons with respect to teslas of the same vintage (comparing regular to PD cars)
Check the prices of P85D and P90D on the used market. Not asking prices. Selling prices if you can get your hand on a red book.
The 2015 P85D and P90D cars are selling for $85,000-105,000 depending on mileage. Most of them...there are some outliers that sell higher. These are cars that were $150,000-170,000 when they were new 2.5 years ago. That's pretty significant depreciation.
Further, an 85D or a 90D of the same vintage will sell for maybe $10,000 less than the PD car. However when these were new, that gap was more like $40,000-50,000. So the PD cars are depreciating like fossil luxury cars while the 'regular' (75D, 85D, 90D, 100D) seem to be holding value much better.
Today the P100D with all the goodies goes for something close to $200,000. We'll see where it ends up used in 2020...but I'm betting you can have one for about $110,000 at that time. Today a 100D with all the goodies sells for around $130,000. In 2020 I'm betting you'll still have to pay about $95,000-100,000 for one.
I think you may be a bit high with the original purchase price but it may depend on the C$ strength at the time. I ordered my P85D in Nov of 2014 and I paid $141k (before sales and other taxes and rebates). The car was delivered in early January of 2015. And I think I have every option except the rear facing child seats. And then I paid another $6000 to turn my P85D into a P85D.
