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Hello,
Does anyone know about the lease options and financing for Tesla S?
I am on the fence about lease vs. purchase (the good news is my number is high enough to assure that I will have both options).
I have always thought that is Tesla could offer a lease on a base model 40 kWh for $5,000 down (oh look, we have all already made the down payment) and $500 per month, they would have people lined up out the doors of their showrooms to lease the car. Depending on residual value, this may or may not be possible.
Right now I spend about $350 a month of gas. I figure I will spend about $50 on electricity for my S (Cincinnati area electricity is cheap), so that will give me $300 a month is savings. I would essentials be leasing a Model S for the same monthly payment as leasing a Hyundai Sonata or Chevy Malibu. I would think that most people if asked the question "Would you rather drive a Tesla or a Hyundai" would choose the Tesla every time. If a $500 a month lease is possible, you could make that case.
If you are spending $350 a month on fuel like I do you will probably blow through the 10,000 miles as year they allot you at those low payment leases. They easily go up $200 a month when you try to get 18,000 miles a year.
I think it depends on how long you plan to keep the car. If it's 8+ years, buying makes sense but I don't know the exact numbers.
I agree that makes sense logically. Esp. with potential battery technology and/or cost improvements. For this reason (and other reasons), I leased my Volt.Well you could start off with a lease and then purchase a used Model S that's heavily discounted from its original price, and you could easily come out ahead vs. ownership from the beginning. I honestly would probably opt for that option if leasing was available right away, and I think Tesla is aware of this. They really want to capitalize on people's impatience and the early-adopter mentality. Much less risk to lease such a car, especially when there's still a lot of uncertainty here.
Three cheers for Russ....great work on all the different threads. :biggrin: