Looking for new Lease Tesla model 3

Ask the Hackrs
,
22

Now may be the worst time to lease in the history of leasing. Amazing deals don’t exist. Great deals considering the current environment? Sure but a great lease deal? No.

Also, why must your 17 year old drive a BMW/Lexus/Tesla? I understand wanting a nice vehicle but at 17, a corolla, camry, Honda, will all be less while providing the same safety features (breaking/back up camera/cross path detection/etc).

2 Likes
23

Personally, I think a brand new luxury vehicle for a 17 year old is a bad idea, but ignoring that, why not give him a budget, including insurance, and tell him to figure it out? Will teach him how to negotiate, have a vested interest in what he gets, an understanding of how expensive things like insurance are, etc. The more effort he puts in, the nicer vehicle he can get.

9 Likes
24

Thank you much to all

We stoped by Honda looking at civic sports
What is a great lease numbers should I be asking for

Thx

image
image4032×3024 2.95 MB

image
image4032×3024 2.57 MB

25

I don’t think that’s where this is going.

4 Likes
26

And this what BMW 228 deal

image
image1634×2180 815 KB

27

I’d find the cheapest/safest/reliable car for my kids and go that route. Also, whatever won’t cost me a kidney to get them on the insurance for.

After a couple years maybe something newer and nicer.

That said the used market is crazy now too…but…something like a Honda or Toyota or Subaru (used or even a base model new car) may not be horrific.

I think most insurance will see 17 year old. First car. “Sport” In the name of car, and it will be expensive.

28

Going to dealers is for test driving and taking delivery of a vehicle that you’ve got an agreed to deal on only. Going in and asking them how much they want you to pay is only going to get you numbers that make the dealer happy.

We always recommend the following method before you ever contact a dealership. If you do all of the work up front, you’ll have a stress free dealer experience and set yourself for success.

  1. Read Leasing 101 (Blog | LEASEHACKR) to understand how to calculate a lease payment and the variables. Monthly payment is an output, not an input!!
  2. Pick a specific vehicle that you want to target
  3. Gather the current MF, RV and incentives from Edmunds forums for your zip code
  4. Research the LH marketplace and other deals that have been made recently on your vehicle - what was their pre-incentive discount? How did their lease terms differ?
  5. Plug your numbers into the LH calculator (CALCULATOR | LEASEHACKR), and use a pre-incentive discount similar to what you have seen
  6. Create a target deal, this is what you’re trying to negotiate to. You can try different terms, selling price discount, etc. and see how your monthly payment is affected. It is also possible that different trims of your vehicle may have different MF and RV (i.e. this is very common with GM), so make sure that you look into that. Come up with a set of inputs that give you the output that you want - your desired monthly payment.

With a target price determined, you now have a deal to pursue and compare dealer offers against. More importantly, you have a solid foundation to work from.

2 Likes
29

It was worth a shot

4 Likes
30

Look at the Marketplace section of this forum for Lexus IS, NX and UX listings.

Don’t waste your time walking into dealerships without negotiating beforehand.

31

Thank you I appreciate your advice :hugs:

32

@mani_is_kool Can you help him out?

33

Sorry but based on prior experience with member, I would like to pass.
Thank you :slight_smile:

12 Likes
34

Have you looked at Volvo S60? That’s a great first car, stylish, fuel efficient, good power, insanely safe and it definitely leases very well, even in this market.

1 Like
35

Yes the issue I find is in our area the dealership have no cars at the lots . They are pretty empty no much selections. Due to chip shortage thx

36

Did you look at insurance costs for adding a new driver or a new OR new to you car with a said driver.

You’re going to get sticker shock. I had to shop the hell out of my policy.

37

Trying to buy his son cool factor.

1 Like
38

This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.