M/F - Residuel 2019 Tesla Model 3

Oddsmaker

Hello, Tesla released new leasing option for their Model 3. Please provide: Residual MF 36/10 Zip: 92691 Incentive?

Michaell

Oddsmaker said:

Hello, Tesla released new leasing option for their Model 3. Please provide:

Residual
MF
36/10
Zip: 92691
Incentive?

We do not have any leasing information for Tesla

Mr_Shiftright

You might find some leasing information HERE

mboh2017

I got a lease quote from Tesla for a SR+ 36/10,

MSRP $40700
RV $25728 (63%, includes $3750 tax incentive scheduled to drop by half on 6/30/2019)
MF 0.002708 (6.5%)
DAS $5476 (Tesla requires at least $3K down for M3 leases)

Payment with tax in Ohio would be $443.

It's a pretty bad deal. I'm planning to put a bit more down and purchase, with approximately the same payment.

Michaell

mboh2017 said:

I got a lease quote from Tesla for a SR+ 36/10,

MSRP $40700
RV $25728 (63%, includes $3750 tax incentive scheduled to drop by half on 6/30/2019)
MF 0.002708 (6.5%)
DAS $5476 (Tesla requires at least $3K down for M3 leases)

Payment with tax in Ohio would be $443.

It's a pretty bad deal. I'm planning to put a bit more down and purchase, with approximately the same payment.

Yeah, even though there is a lease program, it certainly seems like Tesla would prefer you buy.

dsafian1

Hi Do you have current RSV / MF Incentives / Tax credit
numbers for TESLA Model 3 in 90046? Thank you!

Michaell

dsafian1 said:

Hi Do you have current RSV / MF Incentives / Tax credit
numbers for TESLA Model 3 in 90046? Thank you!

We do not have any Tesla lease program information.

newcarshopper7

I got a lease quote from Tesla in NY for the Standard Range Plus 36mo/12k mi for $419/mo - this does not include taxes. You have the option of paying the tax upfront or roll it in, but they tack on interest on the tax if you roll.

MSRP $38990
Residual $26793 (is that 68.7%?)
MF .002271
Lease interest rate: 5.45%
Incentive - $2000 tax rebate will be deducted from first payment Due. There's a $1875 federal tax credit, but I'm not sure how it works out. They told me that it gets calculated in the payment, but I've read that it goes to Tesla.

The residual on the LR AWD is $32,865 (68.5%?)

Compared to deals you can get with non electric cars (better % off retail price, money factor, incentives), it's not a great deal, but I guess it's not terrible?

Michaell

newcarshopper7 said:

I got a lease quote from Tesla in NY for the Standard Range Plus 36mo/12k mi for $419/mo - this does not include taxes. You have the option of paying the tax upfront or roll it in, but they tack on interest on the tax if you roll.

MSRP $38990
Residual $26793 (is that 68.7%?)
MF .002271
Lease interest rate: 5.45%
Incentive - $2000 tax rebate will be deducted from first payment Due. There's a $1875 federal tax credit, but I'm not sure how it works out. They told me that it gets calculated in the payment, but I've read that it goes to Tesla.

The residual on the LR AWD is $32,865 (68.5%?)

Compared to deals you can get with non electric cars (better % off retail price, money factor, incentives), it's not a great deal, but I guess it's not terrible?

That's ok, but we don't have anything to compare it to.

Residual is usually a whole number percentage.

You don't get the tax credit when you lease, as you aren't the owner. But, Tesla can offer incentives to compensate.

newcarshopper7

Michaell said:

That's ok, but we don't have anything to compare it to.

Residual is usually a whole number percentage.

You don't get the tax credit when you lease, as you aren't the owner. But, Tesla can offer incentives to compensate.

Thanks for your reply. I found out that NY is actually one of few states that receive the federal tax credit. Tesla gets the credit and it's calculated into the lease.

Compared to non EV leases, Tesla seems like it's not a great deal because they don't offer discounts off MSRP, and lack of incentives. You also don't get the option to purchase at the end of the lease.

I test drove one, and I want one as I feel that it's very unique, and no other car like it. However, there are better deals if you go with other brands. Other things to consider are: need to install a NEMA 14-50 outlet, less milage in cold weather, etc.

It will be nice to not have to pay for gas, or oil changes. Only thing I would have to worry about during the lease would be the tires as everything else should be covered under warranty.

Michaell

newcarshopper7 said:

Michaell said:

That's ok, but we don't have anything to compare it to.

Residual is usually a whole number percentage.

You don't get the tax credit when you lease, as you aren't the owner. But, Tesla can offer incentives to compensate.

Thanks for your reply. I found out that NY is actually one of few states that receive the federal tax credit. Tesla gets the credit and it's calculated into the lease.

Compared to non EV leases, Tesla seems like it's not a great deal because they don't offer discounts off MSRP, and lack of incentives. You also don't get the option to purchase at the end of the lease.

I test drove one, and I want one as I feel that it's very unique, and no other car like it. However, there are better deals if you go with other brands. Other things to consider are: need to install a NEMA 14-50 outlet, less milage in cold weather, etc.

It will be nice to not have to pay for gas, or oil changes. Only thing I would have to worry about during the lease would be the tires as everything else should be covered under warranty.

Tesla seems to be a love / hate thing. Lots here in CO, as we have some of the best state incentives for EVs ($5000, I think). But, don't know if they apply to leases.

A friend of a friend has one, but I've not ever driven or ridden in one.

I guess I'm just not ready to make the leap to an EV, just yet.