Tesla Motors - Business Leasing Program
Tesla has announced that it will offer leasing to business owners. It is predicted that this will keep the Model S and Model X in high circulation with many new owners. This will allow for factories to continually manufacture more vehicles. I believe they did this because of the predicted Q1 results.
On Tesla's website they have 3 options now. Finance, Leasing, and Cash. The program is definitely not cheap and Tesla adds manipulation tactics to make the price appealing.
The payment scheme is this:
Monthly payment: $1,012 /mo.
Gasoline savings: -$261 /mo. Business tax benefit: -$343 /mo.
$408 /mo. Business Lease
Including Gasoline and Tax Savings
Fine print:
The monthly cost of business leasing is calculated using the following assumptions: 36 month, 15,000 annual mile lease with a $5,000 down payment, a $700 acquisition and $300 disposition fee, a 40% effective tax rate with 70% business use, and gasoline savings. Gasoline savings are calculated assuming $0.11 per kilowatt hour compared to paying $4.90 per gallon for premium gasoline with a fuel efficiency of 20 miles per gallon. Business leasing is available in CA, CO, CT, FL, IL, MA, MD, NY, TX, and WA. The first month’s payment, down payment, and acquisition fee are due at signing.
The thing about this lease is.... The miles are WAY to low... HOW DOES SOMEONE KEEP THIS CAR UNDER 15,000 MILES IF IT IS SO FUN TO DRIVE?!?!?
What are your opinions on this?