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Check the "Order" option on the Tesla Motors | Premium Electric Vehicles site. When building your tesla it now shows three tabs on the right...Finance, Lease (NEW) and Cash.
Up front fees are first month lease payment plus $5000 at signing for 12K per year. There is an option for 15K per year too. First monthly payment and up front fees does not include any state incentives in CA, CO and MA.
However, it doesn't show how many months the lease is for...I'm guessing the above numbers represent three year lease.
Kind of a bummer it doesn't factor in the credit AND uses a pretty terrible residual assumption. Other EV's seem to do both, driving monthly payment down really low.
Tesla isn't reporting a profit, so if the lease is actually from Tesla then there's no tax for them to get the credit on and as such they'd have to just eat the credit.
For some people it may be desirable, but the monthly payments are still extremely high and don't really provide a savings over buying.
I am not sure about the existing business leases, but I was told yesterday that the personal leases are going through Tesla's new captive finance company and are not being backed by a third party financial institution. Breser is exactly right that Tesla, as the parent company to the captive finance arm, would not recognize any current benefit of the lessor tax credit due to the cumulative tax net operating loss incurred to date. Tesla finance has advised me several times that they know that they could pass the credit on to us in the form of cap cost reduction, but will not do that since they are getting no benefit on their side. What this means is that perhaps once they exhaust their tax net operating loss, then they will consider the tax credit in the pricing of future leases.
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There definitely is not a savings over buying unless one drives a ton of miles for business and will get to deduct a good portion of the lease payments.
One interesting thing that I proved out is that the net out of pocket cash between a 36 month lease or a 84 month resale guarantee loan with Tech CU is almost exactly the same to the dollar at the three year mark where one would turn the car back in to Tesla. This is even net of the federal tax credit on the purchase side. The answer is not materially different if one uses a 72 or 66 month loan. I will admit that I did not take the time to present value the analysis (for things like taking the tax credit in year one). However, I have concluded from this analysis that there is no reason to do a longer term resale guarantee loan with the new personal lease program now being available.
For those that keep their cars a long time, I still like the idea of cheap money over at Energy FCU (or one of the other CUs frequently mentioned on this board). Unfortunately, I tend to trade cars every 30 - 36 months (or less) and likely need to consider the new personal lease even though the monthly payments are high, but the upfront cash is low.