Looking to get into a new car before summer, and even though I know the market is shit right now, I have been stuck between a tesla model 3 and bmw 330xi. I’ve been leaning more towards a tesla model 3, but not sure if leasing would be better than financing. Ideally, I would like to lease and have the chance to switch out to a diff car (electric or not) in 3 years. I would only like to pay taxes and fees upfront, and nothing else, and leasing comes up to about 650ish compared to financing over 60 months for 860. What are your thoughts between leasing and financing a tesla model 3?
always finance a model 3. never lease. it’s a rental as a lease.
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If you are hellbent on leasing, go the BMW or similar.
If you like the Model 3 more than you like the thought of leasing, buy it. There is no buyout option on the model 3 though, so if you lease, you must return it.
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With ridiculously high mfs, no option for buying out the lease to capture equity, and no option for selling to 3rd party dealers to capture equity, the model 3 and model Y are horrible lease candidates.
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I have been eyeing the 330i for a year now but with the lack of opportunity to negotiate down msrp and high gas prices is making me move away from bmw.
Thanks for that info, I didnt know that. Even so, the way I look at it is that if its leasing at 650ish per month, assumed gas prices per month would be about $200, so if I were to go the BMW route for a 330i I would be paying more for the lease + gas on that compared to just the lease on a tesla model 3.
What happens if gas prices plummet in 6 months? Anything is possible.
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Never lease a Tesla.
Look into a balloon loan if you want a lease like payment on a Model 3.
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