$50,000 car, 10,000 mile, 36 term at $500/mo
I’m not sure how they came up this number but seems to be a good deal.
I can also get a loan somewhere else for 2% APR.
I will be only making $3,500 down in both scenarios.
Trying to decide whether I should lease or buy.
I ran the numbers through calculator, both came out pretty close.
Edit1: I called and confirmed that it’s $100 order fee + $3,500 down for lease
Down or due at sign?
Looks like crap on the surface.
$5,000 down payment that is an effective payment of $588 not a good deal
I have no comment on the numbers themselves but FYI (hot off the presses)
$5k down + $2,500 order payment = $7,500?
Looks like actually $5,500 down/$7,500 DAS?
They’ve changed things last night and order payment is only $100 and not $2500
So we are really comparing these numbers:
$50,000 car
Loan: 3.99% APR (36-72, same regardless of terms)
Lease: 5.12% APR (MF 0.002133) and $3,500 deposit and $100 order fee
Honestly, these are probably some of the smarter moves they made in the past year.
I think lease is better option even if I can get a loan at 2% APR 60 term.
Because of the the tax rate here in Seattle is 10.4%…
And the residual value is nearly 70%
I mean, I’ve seen Model S hold its value well but 71% residual on model 3, which is currently flooded in the market, is unrealistic. I would not purchase and go with lease.
That being said, I don’t think its fair to qualify Tesla leases as “deals”. Its the fair price that you pay to lease a tesla and what you get is what anyone else gets. There is no discount, no haggling, no negotiation etc etc which makes anything a “deal”
You’re right, I’m just trying to decide whether I should lease or buy…
It make sense to lease because I also do think that it won’t hold ~70% residual value when I try to resell it after 3 years.
But with lease they’re promising the residual value so my monthly will be lower, that is all
Good deal at 588 a month. Jump in it right now or pass it to me please
Is this with or without FSD?
Doesn’t FSD primarily just exist in Elons head?
I’m a fan of Tesla but numbers like these are why I’ll hold off on getting an EV for another few years, until there’s more competition and potentially lower prices. I ended up getting a 4 series loaner which isn’t quite as fast, but has a more luxurious interior and a discount of over 24% with rebates. Makes for a cheeeap lease. Besides, with Seattle traffic nobody is going anywhere fast anyway. Autopilot is basically stop and go pilot for an hour or two. 10% sales tax is wild too, I think I’d only consider a lease up there.
Any rebates from the state of WA or your electric company? Federal rebate is only $18xx?
With the Standard Range plus configuration price is $39,490, Lease is $4600 DAS and $405 a month (10K miles).
$2500 rebate from CA and $1000 SCE rebate makes it not too bad of a price.
It’s bad compared to how other $40k gas cars are leasing…you have here a net of around $450 while on a similarly priced BMW you can be in low 300s…that’s the point posters are trying to make here.
Of course, all of this is irrelevant if you want a good ev as you have very few other options in this price range.
Include gas savings and the Tesla might be very economical. Plus tesla changed its lease structure you dont have to put money down anymore
I agree - the 50k tesla for 588 effective is a great deal compared with a few months ago…
