I did the same thing but for Model Y. I still may cancel the order, but I wanted to have delivery somewhat coincide with my current lease end. I know I can get a base model Corolla for less, and I know I am paying a huge premium for a Tesla, but I am becoming okay with that. But really, what’s the difference between paying full sticker or getting a $500 discount?
One of the only reasons I am doing it is because I will have several thousand dollars in equity in my current lease, which I look at as free money, because it’s not coming out of pocket that I can put down. I am also financing for 72 months and will look to sell after 36. If Tesla’s residual values are even close to what they are today, my total cost of ownership should be right around what it has been for my Accord Touring for the last 3 years.
There are still a few other cars I want to check out. But I don’t care about getting a good deal on something just to get a good deal, if it’s on a car that I don’t really want. I’d much rather pay a little more for a car and get something that I am going to enjoy driving.
I wouldn’t buy a Tesla again. The battery degradation is pretty bad after two years, about 12 percent, and it will probably keep getting worse. That could be the case with all electric cars, not sure, so I doubt I’ll purchase another one, just lease.
It’s a fun car to drive, but I wouldn’t let the fact that you can’t purchase the car from a lease stop you from leasing it, it’s not worth buying. I also wouldn’t count on the residuals staying as high as they are now. In three years, there will be even more used Tesla’s on the market, so I don’t think the resale value will stay the same.
I say all this to say, if you want a Tesla, and are okay with paying a premium, I’d lease it. Three years from now you may want another Tesla, but I doubt you’ll want the one you have.
I would at least research the implication of the infra-structure bill with regards to new EV tax credit. At one point there was language for $7500 for like Tesla and even more for GM because it’s a union shop.
True, Elon can change the msrp any time he wants. But it’s just been going up, and Tesla’s are sold out for the quarter, so with strong demand, and no time machine, I’m not sure how long before the msrp goes down again