It’s $110,000 that has no lease incentives and a ridiculous interest rate. The monthly payment isn’t really so surprising. What’s the buyout at the end of the lease?
Please review your lease agreement to see if you have the option to purchase your vehicle at the end of your lease. Model 3 is not eligible for purchase at any point in your lease agreement."
*got, past tense. Tesla has used up their federal ev tax credit, and CVRP exempts cars with an MSRP over 60k. If you got one early enough (before MSRP dropped $30k) there was $7,500 and $2,500.
Regarding section 179:
Certain vehicles (with a gross vehicle weight rating above 6,000 lbs. but no more than 14,000 lbs.) qualify for deducting up to $25,000 if the vehicle is purchased and placed in service prior to December 31 and meets other conditions.
Even the P100D wasn’t heavy enough to qualify for accelerated depreciation, but a business owner could still write off the lease on their taxes (spend $1 to save $0.30).
Exactly this. Goes off of Gross Vehicle Weight Rating which is the max the body/chassis/power train can handle inclusive of fuel, passengers, cargo, fuel, etc.