Hello All-
New Tesla member here; I thought that my 2018 Honda Accord Sport 2.0T (6-speed manual) would be the last car I bought for a long time 3 years ago. Fast forward to 2021 and my brother-in-law let me drive his Model 3; it was all over from there. I’ve been obsessed with getting my hands on a Model Y ever since and placed my order to purchase a white MYLR with 20” induction wheels, white interior and a tow hitch last month. My order is due 8/9-8/29 right now but now I am considering switching from purchase to lease (if you are allowed to do that??) even though I’m not a big fan of leasing, personally. Here are some of my thoughts on this:
1. It really seems like a new federal tax credit could be coming in the near future. I would kick myself in the ass if I lost out on $7,500-$10k because I didn’t wait 5 months to take delivery (if it does indeed pass in time for 2022). I already lost $1,500 from NYS as they recently updated their Drive Clean Program from under $60k to under $42k only qualify for the full $2,000 rebate, dropping my rebate to a measly $500.
2. Leasing at 15k miles/year would save me roughly $7,500 of my out of pocket deposit to get to the same monthly payment to purchase the car.
3. I had planned to get a ceramic coating, interior coating, and all season mats. If I leased I would not purchase all of this saving another $2,500.
4. I’m really watching all the news about the giga factory Texas and would love to get a new MY with the 4680 battery and all the great updates that Musk has been saying will be so advanced for the next MY. Who knows when exactly this will be realized in volume production?
5. My biggest hesitation with leasing is that I am locking myself in for 3 years, even though I’d be saving a ton of money up front, I would have no equity or money when my lease is up to put down on a new Tesla. I would have to hope that if a federal EV credit did pass that it would still be available in 2024, but I would obviously get access to the most up to date MY vehicle at that point. I would have to shell out some cash then for down payment, etc. and who knows where prices will be in 2024, hopefully down?
My alternative is to move forward with the purchase and if the federal credit does come to fruition and/or the MY update does happen next year as they say, I could hope my cars resale value is high enough to get most of what I paid back (which will be about $62k after taxes).
I know there is no right or wrong answer here, but hoping for some dialogue and other thoughts from the community. Thanks in advance!
New Tesla member here; I thought that my 2018 Honda Accord Sport 2.0T (6-speed manual) would be the last car I bought for a long time 3 years ago. Fast forward to 2021 and my brother-in-law let me drive his Model 3; it was all over from there. I’ve been obsessed with getting my hands on a Model Y ever since and placed my order to purchase a white MYLR with 20” induction wheels, white interior and a tow hitch last month. My order is due 8/9-8/29 right now but now I am considering switching from purchase to lease (if you are allowed to do that??) even though I’m not a big fan of leasing, personally. Here are some of my thoughts on this:
1. It really seems like a new federal tax credit could be coming in the near future. I would kick myself in the ass if I lost out on $7,500-$10k because I didn’t wait 5 months to take delivery (if it does indeed pass in time for 2022). I already lost $1,500 from NYS as they recently updated their Drive Clean Program from under $60k to under $42k only qualify for the full $2,000 rebate, dropping my rebate to a measly $500.
2. Leasing at 15k miles/year would save me roughly $7,500 of my out of pocket deposit to get to the same monthly payment to purchase the car.
3. I had planned to get a ceramic coating, interior coating, and all season mats. If I leased I would not purchase all of this saving another $2,500.
4. I’m really watching all the news about the giga factory Texas and would love to get a new MY with the 4680 battery and all the great updates that Musk has been saying will be so advanced for the next MY. Who knows when exactly this will be realized in volume production?
5. My biggest hesitation with leasing is that I am locking myself in for 3 years, even though I’d be saving a ton of money up front, I would have no equity or money when my lease is up to put down on a new Tesla. I would have to hope that if a federal EV credit did pass that it would still be available in 2024, but I would obviously get access to the most up to date MY vehicle at that point. I would have to shell out some cash then for down payment, etc. and who knows where prices will be in 2024, hopefully down?
My alternative is to move forward with the purchase and if the federal credit does come to fruition and/or the MY update does happen next year as they say, I could hope my cars resale value is high enough to get most of what I paid back (which will be about $62k after taxes).
I know there is no right or wrong answer here, but hoping for some dialogue and other thoughts from the community. Thanks in advance!
