Hi everyone. I have an important decision to make regarding my purchase. I confirmed my order for a 70D on 10/15 and was issued a VIN and now my order has been moved to the production queue. Tesla does not offer financing in the state I live in, so I would be unable to take advantage of Tesla's Guaranteed Resale Value. However, they DO offer leasing in my state.
2016 and the Model 3 introduction are right around the corner. I know the Model X was delayed so the Model 3 will most likely also be delayed. But, as it gets closer and closer to the release of Model 3, would it be safe to say that the resale values of Model S's could drop considerably?? Why would someone pay between $40-60K for a 3 year old Model S when they can get a brand new Model 3 (which is sure to be a beautiful car) for the same price?? Not to mention, Tesla also will most likely be upgrading the autopilot hardware and adding features in updates that the current hardware isn't capable of, like reading and reacting to stop signs and street lights, operating around construction zones and 90 degree turns.
That being said -- Leasing might be a better option for me. Without Tesla's Guaranteed Resale Value, I am unsure of how much I will get for the Model S after 3 years (or 5 or 6 years). For a total of under $45k over the next 3 years (including all taxes and fees -- and yes, I accounted for everything) I can have a beautiful car without having to worry about how much of the money I put into it I will get back. In 3 years time, I can either lease a newer Model S, or X or buy a Model III or Y (if they are available by then), with only a small payment increase.
I think I have a week or so to decide since my order will enter production soon. Any advice anyone has will greatly be appreciated. Thanks.
2016 and the Model 3 introduction are right around the corner. I know the Model X was delayed so the Model 3 will most likely also be delayed. But, as it gets closer and closer to the release of Model 3, would it be safe to say that the resale values of Model S's could drop considerably?? Why would someone pay between $40-60K for a 3 year old Model S when they can get a brand new Model 3 (which is sure to be a beautiful car) for the same price?? Not to mention, Tesla also will most likely be upgrading the autopilot hardware and adding features in updates that the current hardware isn't capable of, like reading and reacting to stop signs and street lights, operating around construction zones and 90 degree turns.
That being said -- Leasing might be a better option for me. Without Tesla's Guaranteed Resale Value, I am unsure of how much I will get for the Model S after 3 years (or 5 or 6 years). For a total of under $45k over the next 3 years (including all taxes and fees -- and yes, I accounted for everything) I can have a beautiful car without having to worry about how much of the money I put into it I will get back. In 3 years time, I can either lease a newer Model S, or X or buy a Model III or Y (if they are available by then), with only a small payment increase.
I think I have a week or so to decide since my order will enter production soon. Any advice anyone has will greatly be appreciated. Thanks.