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Accident and Repairs
- Thread starter BLKMDL3
- Start date
They do work, I like them. Sometimes I don't use AC, just seat ventilation. I am more happy about having active spoiler actually. IMHO, it looks so much better on MX. I really don't like the fixed one.
Unless the lease terms have changed recently you completely lose the $7,500 tax credit, assuming that you qualify for it, if you buy the car at the end of the lease. (You get lower payments during the lease, but then you pay it all back at the end.)
Nerdy_Engineer
Brett - The Nerdy Engineer
Yes, last year when I bought my Model X, that's how the leases were structured too. I'm not sure if it has changed since then, but if you're considering buying the car at the end, then you should definitely research to see if that's still the case. It would suck to lose out on the $7500 federal tax credit!
I believe this is correct. Leasing bank receives the tax credit and it's built in into the lease price. I researched this when I leased my Volt few years ago.
Nerdy_Engineer
Brett - The Nerdy Engineer
That's the key from what I remember. Since they increase the residual value by the $7500 to lower your payments, then if you decide to buy the car at the end of the lease, you have to pay $7500 more. And therefore you're paying back the $7500 tax credit.
in the unlikely circumstance they won't total it. There will be $48k of damage. I want a model x rental. (AT LEAST 120/day) for 135 days (4.5 months how long it will take). $16,200. We want $10k+ in accelerated depreciation and diminished value. They will have to pay at least 5 monthly payments. $5445. This adds up to $79,645. TOTALED!!!!!
It is totaled because to total repairs should be 70% of value. 70% of value of $63,663 is $44564. It is fair condition because there was frame damage and major bodywork that would be needed.
It is totaled because to total repairs should be 70% of value. 70% of value of $63,663 is $44564. It is fair condition because there was frame damage and major bodywork that would be needed.
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They would never have to make your payments. Them providing you a rental covers your transportation needs, but you still have to make the payments on your own car. (Otherwise you are getting benefit from the accident payments.)
Fair market value is calculated based on what your car was worth before the accident. So unless the frame/body was damaged, and repaired, from a prior accident that doesn't count against the value of your car.
Oops, that was my mistake. The value is: $69,742. 70% of that is $48,819. We will then do what I said above. Sue for diminished value and that stuff for $10k and then they have to pay for rental car. $16,400 for a model X or for a normal car in case they won't at $55/day. $7425
I think it is still totaled. New total estimate.
$74,400 for Model X loaner at $120/day.
$65,425 for regular rental at $55/day
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Most likely. Especially since there is always hidden damage that you don't find until it gets all torn down.
There is a lot of frame damage (front and rear) and a lot of components internally that are broken.
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