Deal Check and EV Lease Credit Question - Tesla Model X

Ask the Hackrs
1

Hi All - Considering leasing a Model X in order to take advantage of the EV commercial fleet credit on leases. I am otherwise over the income cap for the EV tax credit and do not qualify. I was going to finance, however with Tesla now allowing lease buy-outs this potentially seems like a better option.

I’m presently looking at the following Tesla Model X.
https://www.tesla.com/mx/order/7SAX240_eea67465c735f282d7f048dde33cda3f?referral=justin691818&range=200&titleStatus=new&redirect=no#overview

My question is primarily around the EV credit and how Tesla is presenting this to me. In the above link, there is a $7,500 down payment by default. I’ve asked a Tesla advisor (multiple times) and they insist this $7,500 is actually the EV tax credit, which they are treating as a lease incentive and therefore I will not need to pay it. However, when calculating the lease myself, link below, it appears that is not the case. The payment is about $220 higher than Tesla’s calculator when using Tesla’s provided RV and MF. However, when I input an additional $7,500 down payment (in addition to the EV tax credit) - the payment is almost spot on.

Am I missing something, or is the Tesla rep simply uninformed and lying to me?

[Note - Incentives represent $7,500 lease credit + $2,000 referral credit]

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It’s most likely ignorance, not malice

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You’re probably right, but I asked 2 different reps who are supposedly familiar with leasing (and one was able to provide the MF). They both had the same answer. Model X inventories are at record highs, so I suppose it’s not impossible they’re playing with incentives and I just don’t see it, but likely just wishful thinking on my part.

4

My experience is more malice. Elon staffs arrogant smug folks who can tolerate his own brand of puffery and delusion. So what happens is Tesla centers are eventually just diluted forms of Musk.

The ones that stay employed will outright lie, deceive, ridicule customers, and provide trash service that is aligned with what Elon’s general attitude would be. If you get sold a trash Tesla, be prepared to get gaslit about how you’re the dumbass instead of Tesla being responsible in any capacity for your experience.

1 Like
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Whoa, why is the residual so low on that model? If you price out a brand new for order the residual is 10k higher!

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