Should I lease a Tesla Model Y Long Range?

Paying a premium for offloading the risk to the bank is just a financial decision. That risk insurance had a certain cost that makes it tolerable.

Previously, Tesla did not allow buy outs ever on the 3 and y leases, meaning you had absolutely no recourse to capture any of the high resale value potential in the vehicle. That takes away a big benefit of leasing as you’re no longer offloading depreciation risk. It’s a straight rental with no way to keep it at the end.

Last I heard, Tesla was changing that, but had only done so in select European and Asian markets.

2 Likes

So the program is coming back July 1, and yes the msrp has to be under 55k but excludes any destination fees etc which is $1200 for this car, so it comes in under the 55k limit

1 Like

OK. Just so I understand. You are asking for advice on a deal that you may make in July?

3 Likes

Wow! You are one sad person. Thank you for offering no help and continuously responding with condescending nonsense.

1 Like

Yes you are correct. Our baby is due in July so we will need the car then. Trying to take advantage of the market now by selling our current vehicles and prepare for what we will get next

1 Like

Yeah, but I’m not giving people brain damage over a deal that’s not a deal and is 2 months away. You want everyone to tell you to lease the car go to tesla forums, they’ll agree with you. And don’t forget to add the charger and electrical setup and we’ll see you back here in private transfers.

1 Like

That’s interesting. Wonder if they will bring that to the US soon? I sold my Tacoma lease to vroom last week for 4400k positive equity. I realize that’s not possible with Tesla since you can’t buy.

Our other option is a x3 m40i but I think those depreciate pretty quickly right? Selling it before maturity for a profit wouldn’t really be possible I’m guesisng

If safety is that important to you, how did you pick a car that hasn’t been tested by the benchmark in US testing (IIHS)?

4 Likes

You still managed to waste my time so congratulations, you accomplished your goal. You can go to bed now.

The thing is that the teslas do tend to have a very high resale. Mix that with a lease with a lower RV and no way to purchase it at all, and you’re left with a lease that makes no sense.

Tesla has effectively killed the main benefits of leasing here… just buy the damn thing if you want it.

2 Likes

Because T E S L A.

Did you not get that suggesting selling is offensive to the OP as it doesn’t fall with his opinion. He wants an affirmation and we are all trolling him with our opinions.

NHTSA gave the model Y 5 star rating in every category. Is that not reliable? Is IIHS a better gauge for vehicle safety?

Hope I can help. Lease < Buy.
Blow Your Mind Wow GIF by Product Hunt

1 Like

Finance the car since you are dead set on it and then sell it after 3 years to take advantage of the excellent resale value. There is your Tesla lease. Even the MF will be lower, I know banks doing 1.75% and lower for Teslas and EVs.

4 Likes

As an exercise, go compare the jeep grand cherokee nhtsa rating vs the iihs rating.

4 Likes

Thank you! Finally someone who was willing and able to give valuable advice instead of trolling me because we want a Tesla.

This makes a lot of sense

2 Likes

I like DCU and they are doing sub 1.5% APR for EVs right now Auto Loans | DCU. I doubt Tesla has anything that will beat that rate right now.

1 Like

If you had searched

And

Also

Plus

If we don’t just focus on Model Y

Or

The answer is always the same: buy it if you want it, don’t lease it.

9 Likes

You mean the advice to buy it?! Wow.