2020 Tesla Model 3 Standard Range. Is this a good LEASE deal on Model 3? Please see lease sheet below. Please ignore the Cash and Finance options, as I am interested only in leasing, thanks.
2020 Tesla Model 3 Standard Range:
MSRP: $40.190
Monthly Payment: $ $507
Drive-Off Amount: $ 3,500
Months: 36
Annual Mileage: 10,000
MF: 0.002367 (5.68%)
Residual: $27,195
Incentives:
Region: Southern CA
Leasehackr Score:
Leasehackr Calculator Link:
considering there are no negotiations on purchase price, it’s as good as you’re going to get unless you can find a loaner or demo they might shave some additional money off of. There are much better leases out there for more car, but if you want to lease a Tesla, you have to pay to play. This is a finance candidate IMO.
Edit: see @trato’s comment below…I forgot about this. Loaner/demo likely will be worse, unless Tesla changed their policy on lease calcs for them. Considering they change things Willy nilly, you could inquire, but don’t hold your breath.
As mp said, the best thing you can do is look for loaners. Otherwise, ‘good’ is just whatever Tesla is willing to offer. That interest rate makes me sad…
Buy for only 100$ more a month. Model 3s have a crazy resell value most are listed at or above msrp for sale. Don’t lease it’s just a money pit for Tesla.
Used model 3s are selling for more than new?
Tesla has been decreasing the prices of the Model 3 yearly, and people still think that their older ones are worth more just because their paid more.
@Nafel if you want a Model 3, consider look for a demo and either purchasing/leasing that.
Go in their website, I got same monthly without anything down
Loaner and demo deals are no longer attractive as the lease is now based on selling price.
Effective $590/mo, yeah no thanks. Go get an e tron
There was a period of time initially when it was true - wait time for new models makes it possible for lucky owners to flip it. Similar to iPhones during the first week of new model getting out there.
Can’t predict resale with confidence three years out, but buying and selling three years later seems to be a much better deal.
Tesla wants you to lease so they will have tons of lease returns to put on the street for the future of fully autonomous ride sharing
Then why are their lease deals absolutely terrible?
According to this press release, only 4% of Telsa Model 3/Y deliveries in the 2nd quarter were leases. So Tesla is not doing a very good job if they want people to lease.
Yeah, during the original rush, people were flipping them for msrp, keeping the tax credits, and turning insane profits, my state gave you 2k+7500 federal for a short time when the m3 came out.
If you resold a lr rwd at msrp, you could have pocketed closer to 10k in my state on a mid 50k car.
Even carvana lists them at new prices for a 2 year old model. I doubt this will hold long for model 3s as model Ys work their way into wild. But has been like this for the near 3 years model 3s have been out. Model s and x have more typical curves.
Also has the lowest depreciation of any car currently.
Depreciation over the first year
Because folks are enamored with the Tesla product so much that they will pay MSRP and high money factors
I don’t think Tesla wants to be stuck with a huge loss if used Tesla values tank. They don’t need subsidized leases like BMW to fill their two factories.
