Hey Hackrs!! I was hoping for some help/guidance. I know leasing the CyberTruck is fairly new but hoped someone might have some experience or advice on getting a better MF rate. I have tried to work through the chat in the app, and they just give me the run around or change me to a different finance company.
Right now they are saying the best rate is .00545MF which is the equivalent of a 13% interest rate. Clearly it would be crazy to pay this. I’ve searched the interwebs for others with the same issue/questions and haven’t found anything.
The play here is to immediately buyout the lease, capture the $7500 incentive, and then refinance with a credit union like DCU (5.5% for 65mo) or PenFed (6.59% for 84mo). Make sure you are ordering with a referral code for $2K off.
A 600hp/300 miles of range truck with 800V/500kw charging for $70k is not bad compared to what else is out there. Rivian, Hummer, gmc, etc…are all more expensive. I don’t see it depreciating any worse than the other EV trucks
And why wouldn’t a more conventional truck like a Lightning be more attractive than a used, out-of-warranty CT? Especially when their payments are so much cheaper?
You can go read the Rivian forums, it’s mostly people lemoning the cars after a while. They are going through the same build quality issues just like Tesla.
Also 2 year old quad motor R1T trucks are selling in the mid 50s with mid 90s msrp. In 2 years the $70k cybertruck would have to be under 30 to lose as much as R1T has. I just don’t see that happening while it has a warranty. Maybe after 4-5 years I can see under $30k
And to be clear, I’m not saying that cybertruck won’t depreciate badly. It definitely will. But so will every other EV out there, and especially for the $100k+ trucks that GM is pushing out these days.
The demand for these is falling off a cliff and the build quality is atrocious. If I “needed” to lease one of these I would wait 6 months and let the free market do its thing.
I don’t like either of those numbers. Not when a Lightning lease costs a fraction of that.
For anyone who has to have a CT and nothing else, pay to play right now. But I think we are about to find out how soft the market is beyond the first adopters and in a year+ used ones will be very cheap. Anyone buying today will be shocked at their trade offers in a couple years.
When the lightning had demand issues they shut the plant for 3 months…you think if Tesla was having a demand problem they would only shut the plant for 3 days while paying everyone full wages?
We don’t know what the reason for the 3 day shutdown is, it’s too short to just be because demand has dropped. It could be retooling, or any number of reasons…clickbait headline doesn’t actually tell us anything.
What you can’t account for is Tesla dropping the sales price of the CT to spur more demand. Ask any Tesla owner how that affected the resale value of their vehicle.
Yea true, maybe they will drop it a bit, but we’ll see.
In the last 12 months Model S and Model X sales have plummeted and Tesla has put no incentive to move those. In fact i think they have raised the price by $5k since then. Not sure they care enough to increase sales on those.
It’s also not just Tesla that lowered prices…everyone did. EV demand dropped like a rock after 2022. Tesla’s was transparent in the form of an MSRP drop…BMW, Audi, Hyundai, Kia, etc… did it in the form of 20-30% off incentives
