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Tesla Model 3 Lease Numbers

Cars85250Cars85250 AZPosts: 25
edited August 2019 in Tesla
Please post all Lease numbers and details here

Comments

  • MichaellMichaell ColoradoPosts: 146,455
    Cars85250 said:

    Please post all Lease numbers and details here

    If we had them, we'd be happy to accommodate your request.

    Sadly, we don't, so we can't.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Cars85250Cars85250 AZPosts: 25
    I would love to see what people are quoted. Would be interesting to see real deals posted on rates/terms
  • MichaellMichaell ColoradoPosts: 146,455
    Cars85250 said:

    I would love to see what people are quoted. Would be interesting to see real deals posted on rates/terms

    Perhaps someone will see this thread and post a deal that they have made.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Tesla007Tesla007 FloridaPosts: 1
    I checked Tesla website. Select one car and click buy then it will show you lease rate etc. I am leasing in 2nd half of September.
    Currently following deal: M3 2019 Standard Range Plus Rear-Wheel Drive, 19’’ Sport Wheels, All Black Partial Premium Interior, Autopilot
    Est. lease payment $419 /mo
    $3,500 down, 36 months, 10,000 miles
    Lease after Est Savings $361 /mo

    If I lease Honda Accord or Lexus ES300H, it will cost me $500 to $600 per month with gas & service. That's why decided to lease M3 whereas M3 will cost $450 per month with charging cost.
  • MichaellMichaell ColoradoPosts: 146,455
    Tesla007 said:

    I checked Tesla website. Select one car and click buy then it will show you lease rate etc. I am leasing in 2nd half of September.
    Currently following deal: M3 2019 Standard Range Plus Rear-Wheel Drive, 19’’ Sport Wheels, All Black Partial Premium Interior, Autopilot
    Est. lease payment $419 /mo
    $3,500 down, 36 months, 10,000 miles
    Lease after Est Savings $361 /mo

    If I lease Honda Accord or Lexus ES300H, it will cost me $500 to $600 per month with gas & service. That's why decided to lease M3 whereas M3 will cost $450 per month with charging cost.

    Is it the same amount of down payment for either the Honda or the Lexus? That $3500 equates to almost $100 a month extra on the payment, which makes it $519 per month.

    I'm not saying that the Tesla is a bad lease deal, but you want to make sure that you're comparing apples to apples.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • EagleoneEagleone Posts: 9
    edited September 2019
    I just got off the phone with a very confused Tesla salesman. But maybe this will help a little for now but the "finance" guy is supposed to call me tomorrow.
    Looking at a Model 3 SR+ lease 3 years 10k miles a year
    39,990
    He claimed a residual value of 28,650.
    He didn't know but it appears that is the residual value of 26,775 + the federal credit added on top.
    If this is true this is a great residual value of 67%
    But seems to good to be true.
    I live in NY and we have an instant rebate of $2000. He didn't know if that was being added into the residual value... Hopefully tomorrow I will find out more.
    The money factor is not great .002125 but I'm hoping I can negotiate this down due to my credit rating, wishful thinking but I will try.
    My back of the napkin calculation with an estimate on the out the door cost of Down payment $2500 + first payment (395) + upfront tax (399) + title/reg (120) + paperwork fees (75). Alot of that is guesstimates.

    MSRP: $39990.00
    Negotiated Price: $39990.00
    Additional Cost: $695.00
    Down Payment: $2500.00
    Trade-in Credit: $0.00
    Other Credit: $2000.00 NY State credit
    NonTaxable Cost: $600.00 guess on fees
    Net Cap Cost: $36785.00
    Residual Value: $28672.83 (67% + 2875)
    Money Factor: 0.002125
    Interest Rate: 5.1%
    Lease Term: 36 Months
    Sales Tax Rate: 8.8675% NYC
    ============================
    Upfront Tax: $399.04
    Monthly Payment: $364.44
    Monthly Payment Tax: $30.84
    Monthly Total Payment: $395.27

    Depreciation: $8112.17
    Finance Fee: $5007.52
    Total Monthly Sales Tax: $1110.18
    Total Sales Tax: $1509.22
    Total Payment: $14229.88
    Total Lease Cost: $19128.92

    We will see I will post a follow up when I have additional information.
  • They didn't call today so no update. Maybe tomorrow.
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