# Tesla Model Y Calculations -- Need your advice $550~ month **URL:** \ **Category:** Ask the Hackrs\ **Tags:** bmw, tx, tesla\ **Created:** [September 12, 2020, 9:48pm UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996 "2020-09-12T21:48:49Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![strosrock](https://leasehackr.b-cdn.net/letter_avatar/strosrock/32/5_5575768a8748004e209b776fc1b2916d.png) [@strosrock](https://forum.leasehackr.com/u/strosrock)\ **Post date:** [September 12, 2020, 9:48pm UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996/1 "2020-09-12T21:48:49Z")
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! Thank you in advance, love this community. ---
**Author:** ![LeaserOC](https://leasehackr.b-cdn.net/letter_avatar/leaseroc/32/5_5575768a8748004e209b776fc1b2916d.png) [@LeaserOC](https://forum.leasehackr.com/u/LeaserOC)\ **Post date:** [September 12, 2020, 9:52pm UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996/2 "2020-09-12T21:52:05Z")
One is guaranteed and the other is based on assumptions. That being said get the car you’ll enjoy the most. ---
**Author:** ![strosrock](https://leasehackr.b-cdn.net/letter_avatar/strosrock/32/5_5575768a8748004e209b776fc1b2916d.png) [@strosrock](https://forum.leasehackr.com/u/strosrock)\ **Post date:** [September 12, 2020, 9:54pm UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996/3 "2020-09-12T21:54:08Z")
The head of used car sales @ Tesla is a friend of a friend and he was mentioning that the depreciation levels for Model 3 have been so so low compared to anything else they’ve seen. ---
**Author:** ![mllcb42](https://leasehackr.b-cdn.net/letter_avatar/mllcb42/32/5_5575768a8748004e209b776fc1b2916d.png) [@mllcb42](https://forum.leasehackr.com/u/mllcb42)\ **Post date:** [September 12, 2020, 9:57pm UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996/4 "2020-09-12T21:57:13Z")
Think of all the money you’ll save on corner moulding for your house if you get the model y ---
**Author:** ![michael](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/michael/32/162_2.png) [@michael](https://forum.leasehackr.com/u/michael)\ **Post date:** [September 12, 2020, 10:22pm UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996/5 "2020-09-12T22:22:24Z")
If you’re looking at 3-series, why not a Model 3? Then you would be comparing apples to apples, rather than a sedan versus a crossover. ---
**Author:** ![strosrock](https://leasehackr.b-cdn.net/letter_avatar/strosrock/32/5_5575768a8748004e209b776fc1b2916d.png) [@strosrock](https://forum.leasehackr.com/u/strosrock)\ **Post date:** [September 12, 2020, 10:31pm UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996/6 "2020-09-12T22:31:29Z")
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. ---
**Author:** ![z0lt3c](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/z0lt3c/32/240006_2.png) [@z0lt3c](https://forum.leasehackr.com/u/z0lt3c)\ **Post date:** [September 12, 2020, 10:35pm UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996/7 "2020-09-12T22:35:34Z")
You must be talking about a LR or Perf Model 3. A base Model 3 is like 38K ($350/mo.in NJ w/ EV credits) ---
**Author:** ![strosrock](https://leasehackr.b-cdn.net/letter_avatar/strosrock/32/5_5575768a8748004e209b776fc1b2916d.png) [@strosrock](https://forum.leasehackr.com/u/strosrock)\ **Post date:** [September 12, 2020, 10:37pm UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996/8 "2020-09-12T22:37:43Z")
Yeah LR M3 vs L3 Y. $49,490 M3 LR (with wheels and color) $52,990 Y LR (with wheels and color) ---
**Author:** ![max\_g](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/max_g/32/9426_2.png) [@max\_g](https://forum.leasehackr.com/u/max_g)\ **Post date:** [September 12, 2020, 11:32pm UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996/9 "2020-09-12T23:32:10Z")
> [@strosrock](#): > > I think the Tesla seems way more appealing in this scenario… Ok so what are you asking from internet strangers? What if you go with someone else’s subjective, possibly biased, opinion and then regret it every day? ---
**Author:** ![boozinix](https://leasehackr.b-cdn.net/letter_avatar/boozinix/32/5_5575768a8748004e209b776fc1b2916d.png) [@boozinix](https://forum.leasehackr.com/u/boozinix)\ **Post date:** [September 12, 2020, 11:35pm UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996/10 "2020-09-12T23:35:48Z")
Are you sure 4 year depreciation is going to be 45%? I feel thats a risky assumption. Esp when you try to trade in your car. ---
**Author:** ![IAC](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/iac/32/149215_2.png) [@IAC](https://forum.leasehackr.com/u/IAC)\ **Post date:** [September 12, 2020, 11:37pm UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996/11 "2020-09-12T23:37:00Z")
> [@strosrock](#): > > Now I can get a 36 month lease on a BMW 3 series for around $375 a month… In Texas? With a substantial amount due at signing, sure. I just did a $49,975 lease yesterday at 14.2% off, and with lease-to-lease loyalty ($3,250 in incentives), it was $499 with $500 DAS. ---
**Author:** ![max\_g](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/max_g/32/9426_2.png) [@max\_g](https://forum.leasehackr.com/u/max_g)\ **Post date:** [September 12, 2020, 11:37pm UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996/12 "2020-09-12T23:37:06Z")
There is really no point debating the 4yr depreciation on something when the data barely exists. It’s all speculation Ask 10 people and you’ll get 11 answers ---
**Author:** ![boozinix](https://leasehackr.b-cdn.net/letter_avatar/boozinix/32/5_5575768a8748004e209b776fc1b2916d.png) [@boozinix](https://forum.leasehackr.com/u/boozinix)\ **Post date:** [September 12, 2020, 11:37pm UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996/13 "2020-09-12T23:37:54Z")
You can get depreciation curves for model X. I’d wager it be closer to that, than closer to say Jag F-type ---
**Author:** ![TypeSH](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/typesh/32/58696_2.png) [@TypeSH](https://forum.leasehackr.com/u/TypeSH)\ **Post date:** [September 12, 2020, 11:48pm UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996/14 "2020-09-12T23:48:16Z")
> [@strosrock](#): > > The head of used car sales @ Tesla is a friend of a friend and he was mentioning that the depreciation levels for Model 3 have been so so low compared to anything else they’ve seen Which is not a guarantee of pricing on a different model 3+ years from now. ---
**Author:** ![Greggo](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/greggo/32/115672_2.png) [@Greggo](https://forum.leasehackr.com/u/Greggo)\ **Post date:** [September 13, 2020, 12:07am UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996/15 "2020-09-13T00:07:18Z")
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. ---
**Author:** ![BoardWalkNJ](https://leasehackr.b-cdn.net/letter_avatar/boardwalknj/32/5_5575768a8748004e209b776fc1b2916d.png) [@BoardWalkNJ](https://forum.leasehackr.com/u/BoardWalkNJ)\ **Post date:** [September 13, 2020, 12:11am UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996/16 "2020-09-13T00:11:20Z")
You’re neglecting to factor in that insurance costs on Teslas are astronomical compared to a BMW or another actual luxury OEM. It’s ridiculously easy to total one, and the rates reflect it ---
**Author:** ![Kctham18](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/kctham18/32/239135_2.png) [@Kctham18](https://forum.leasehackr.com/u/Kctham18)\ **Post date:** [September 13, 2020, 12:28am UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996/17 "2020-09-13T00:28:43Z")
Very good point - insurance rates. OP - see what you get for insurance quotes… Tesla insurance probably will be your best option, and even then it’ll likely be pretty expensive. ---
**Author:** ![Bluemkn57cars](https://leasehackr.b-cdn.net/letter_avatar/bluemkn57cars/32/5_5575768a8748004e209b776fc1b2916d.png) [@Bluemkn57cars](https://forum.leasehackr.com/u/Bluemkn57cars)\ **Post date:** [September 13, 2020, 12:37am UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996/18 "2020-09-13T00:37:32Z")
> [@strosrock](#): > > Now I can get a 36 month lease on a BMW 3 series for around $375 a month… > [@strosrock](#): > > I would pay $0 down on the loan and my monthly payment is ~$1250 a month for 48 months. Get the car you will enjoy driving. $375 - $1250 is a huge payment range. What car are you driving now? What are you looking for in your next car? ---
**Author:** ![Samaudibh](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/samaudibh/32/158900_2.png) [@Samaudibh](https://forum.leasehackr.com/u/Samaudibh)\ **Post date:** [September 13, 2020, 1:05am UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996/19 "2020-09-13T01:05:06Z")
You can get a 75k etron for a lot less than the model Y . Think about it ---
**Author:** ![socal59](https://leasehackr.b-cdn.net/letter_avatar/socal59/32/5_5575768a8748004e209b776fc1b2916d.png) [@socal59](https://forum.leasehackr.com/u/socal59)\ **Post date:** [September 13, 2020, 1:47am UTC](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996/20 "2020-09-13T01:47:52Z")
I compared rates on a Model 3 and the rates were about $400 more per year. Not astronomically high. [Next page](https://forum.leasehackr.com/t/tesla-model-y-calculations-need-your-advice-550-month/292996.md?page=2)