Tesla Model 3 Lease Numbers

Cars85250

Please post all Lease numbers and details here

Michaell

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.

Cars85250

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

Michaell

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.

Tesla007

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.

Michaell

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.

Eagleone

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.

Eagleone

They didn't call today so no update. Maybe tomorrow.