azred
Active Member
Buy always with cash. If you can't afford to do it, then buy what you can afford.
You can install our site as a web app on your iOS device by utilizing the Add to Home Screen feature in Safari. Please see this thread for more details on this.
Note: This feature may not be available in some browsers.
True -- I forgot to include some of my assumptions in the post. I'm assuming the car will depreciate faster than estimated, and that I would trade-in with Tesla to avoid the hassle of selling (I'm really lazy). So, I was simply making the assumption I would break-even on the amount left on the loan.
Don't believe I did. The 7500 is accounted for in the total cost at 36 months ((Starting balance - ending balance at 36 months) + Down payment + Trade-in + Taxes) - 7500. I incorporated the 7500 credit into the reducing the total cost over 36 months.
You're right, the $7.5k looks to be deducted. I didn't see it explicitly mentioned.
Would you be able to put your spreadsheet on google docs or drop box and PM me a link, I'd love to play around with the numbers to see what I come up with.
I'm not concerned with monthly payments, I'm just trying to get the best overall estimated cost of ownership.
But it's with a $1,000 a month and that's it. As soon as I assume all the crazy downside, that number goes up and it gets uncomfortable. It's a fun thing to do but I'm not ready to make it a lifestyle
I leased a P90DL for $670 a month and $5k down, so I don't really agree with the people that are saying that it "never" makes financial sense to lease.it.
Quick math...given the fact that the P90DL itself depreciates at more than $8000/yr, I'd love to know how this price was even achievable? Either you had one amazing discount at purchase or the residual is artificially high or interest rate is 0% or some combo thereof? That lease price seems impossible no matter how it's sliced and diced.
Please prove me wrong!!
I dont have it right in front of me, but the MSRP was ~$140k, and the "selling price" of the lease was ~$100k. Residual value (calc'd off the MSRP) was ~$94k. And it's only a 2 year lease. So 6k of depreciation + finance charge of 4.3xx% or whatever it was over 2 years.
Well that would do it then! You managed to get a lease at 28% off MSRP with the residual base not upon the actual purchase price.
Wow.
Whose your lessor?! Who would willingly lease at the price?
JackIT what money factor is being used on your lease?
Thanks JackIT. Same number here. FYI - If I were you I would lease and that is exactly what I am going to do.