Hi! This isn’t a lease per say but can you all please offer me advice ? I am trying to figure out whether to get a cheaper lease on a BMW/Audi ($300-$400 a month) or go with a Tesla Model Y.
For Tesla Model Y ($58k total with taxes) I have been approved to finance the entire car including taxes for 1.65% loan (it’s not a lease). I would pay $0 down on the loan and my monthly payment is ~$1250 a month for 48 months. I calculated that over 4 years, basic depreciation will be around 45% so 4 year total cost of ownership likely is around $541 not including any benefits of not using gas… so roughly $500 a month if you consider that.
Now I can get a 36 month lease on a BMW 3 series for around $375 a month…
Which one should I go for?? I think the Tesla seems way more appealing in this scenario… would love anyone’s thoughts/advice here!
Great question, I drove both the 3 and the Y and the Y seemed way more comfortable and it’s only $3k more than the 3… originally I was going to opt for the 3.
TBH I just want to get a high end car for the next 4 years (luxury, maybe electric, and spend around $500 a month). I don’t have a huge preference on which one… Just trying to figure out the tradeoffs.
I honestly think you’ve already made up your mind.
If it were me, I would choose the Tesla. Since your other option was a 3 series, I would go with a Model 3 LR. The interior would be the exact same as the Model Y and it cheaper out the door with taxes included. Plus, if you want more of the performance, I would call Tesla and ask if they had any stealth performance Model 3s available.