Cybetruck Lease Price now starting at $749/mo (decreased ~$150/mo)

Browsing the site at 4:53 am central and noticed this nice change.

Actually about 150/mo

WacoChemist said:

Browsing the site at 4:53 am central and noticed this nice change.

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Fuck leasing this bad ass machine. I’m going to buy a 3rd one just in case the big man decides the CT will be limited production due to sales decline. I am driving these trucks until they don’t drive anymore.

That’s insane! Has anyone been to market for a lease from another manufacturer lately?

Between high interest rates and crappy expected residuals, bland, tired, nothing-special mid sized SUVs are in this price range.

Alright is it time to re-surface the lease + immediate buy-out move again!?!?

TownBiz said:

Alright is it time to re-surface the lease + immediate buy-out move again!?!?

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YES

Have you seen anyone post the cost difference (total out of pocket) between a cash buy, and a lease + immediate buyback?

TownBiz said:

Alright is it time to re-surface the lease + immediate buy-out move again!?!?

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I’d be interested in the math here. I assume this is an MSRP deal, and that Tesla is getting to these levels through either assuming higher residual, heavy, better interest rate or both.

Assuming that the play might be to just lease it and then decide down the line on buyout.

I think the buyout price went up a few thousand so the total hasn’t changed much. But if you want to lease cuz you want a new and maybe better one in two or three yrs, this ain’t bad.

Tesla, just produce a midsize Cybertruck-come on men!

As others have posted in this forum, the monthly lease advertised price has apparently dropped by approximately $150/month. But not sure if the terms were the same. The present $749/mo lease is for:

"Monthly lease payment excludes taxes and fees, is based on $79,990 Cybertruck All-Wheel Drive purchase price and is subject to change at any time. Requires $7,500 down with 36 months and only 10,000 miles. Subject to credit approval and available in select U.S. states."

But as stated above, it's quoted without taxes and fees - with taxes/fees in which case it's really $810/mo for a total lease cost of $38,802 over 3 years.

I don't know what the terms of the previously advertised $999/mo lease were. Does anyone else know?

For better or for worse, Tesla needs to stimulate demand for the CTs, and get inventory out the door. The production slowdown in Texas suggested this might happen. I have been shopping CT leases for the past 10 days in anticipation of a purchase of a base CT ($79,990 plus $1995 dest. fee + $250 order fee plus taxes - plus - plus).

I have been asking Tesla to requote the lease over the past week (that means approve me for specific terms - each time you change a term requires another approval and 48 hour delay!) so I could evaluate the TOTAL COST of the lease to compare with a purchase where I wouldn't be eligible for the $7500 credit, or the lease where of course I would get the credit.

Here's what 36 mo, 12K miles leases are looking like now on the online Tesla lease estimator with either - minimum downpayment, or maximum allowed downpayment against the lease (yes, there is a floor of course, and an upper limit on what you put down against a lease to reduce its cost):

Min down.: 36 mo 12k miles 2702 first payment (includes 1st mo) +1085/mo x 35 months =$40677 total cost of 3 year lease or

Max down 36 mo 12k miles 20492* first payment (includes 1st mo) + 503/mo x 35 months = $38097 total cost of 3 year lease

(for comparison the total quoted cost of a 24 mo lease 12k miles is $33,608 with $2949 down and $1333/mo - not a great value when you can have another year for $7K more in a 36mo lease)

*Interestingly, paying down $17790 extra upfront on that 36 mo lease saves $2580 in interest expense over 3 years. Even if you borrowed money for that extra down payment from another source at 5.9%, it would only cost you $1664 in interest for a net savings of $916 - but I'd probably still rather invest those extra funds somewhere for a chance at a higher return, and keep the money in my pocket.

For the reasons above, I'm now leaning towards:

Min down.: 36 mo 12k miles $2702 first payment (includes 1st mo) + $1085/mo x 35 months =$40677 total cost of 3 year lease

Really interesting, this is a great deal if you just want it for 3 years, it doesn’t appear to be cheaper for buying out. I’m thinking leasing Tesla’s is likely the best option for me, I wish I did so for the 3 I’ve had. This is tempting….I am upside down on my S still, but could offset that with cash.

Carnut12 said:

Really interesting, this is a great deal if you just want it for 3 years, it doesn’t appear to be cheaper for buying out. I’m thinking leasing Tesla’s is likely the best option for me, I wish I did so for the 3 I’ve had. This is tempting….I am upside down on my S still, but could offset that with cash.

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Yes, at the surface this seems like the best option for people who

1) don’t want to assume any risk whatsoever on the insane used vehicle market right now. The amount you pay is the amount you pay. The whims of the economy will have nothing to do with how much you end up paying.

2) don’t want to outlay cash on the purchase

3) still want the option of buying, but will see how they feel after a few years, and see the market value relative to the buyout price at that point

That is totally awesome, no wait, not if you still live in one of the five states that DON’T ALLOW LEASES?!!!

tingmo13 said:

Tesla, just produce a midsize Cybertruck-come on men!

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One better, Tesla just give us our $69k Tri-Motor!

Coagulation said:

Yes, at the surface this seems like the best option for people who

1) don’t want to assume any risk whatsoever on the insane used vehicle market right now. The amount you pay is the amount you pay. The whims of the economy will have nothing to do with how much you end up paying.

2) don’t want to outlay cash on the purchase

3) still want the option of buying, but will see how they feel after a few years, and see the market value relative to the buyout price at that point

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Agree. If you need the 15k mile/yr term and end up returning it in 3 yrs rather than buying out, you basically pay around $42k (assuming referral discount etc). Not a terrible move considering pace of EV improvements and (probable?) gen 2 CT which make make depreciation >$42K…