Lease an AWD Cybertruck for $799/mo with $5k down

[BlueLightning]

Crazy you can only lease a Tesla in the states where all the majority of vandalisms is currently happening.

So sad for the six or seven states that don’t have this opportunity for lease.

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[WILLK]

What does this work out to as a APR?

 

[JerseyMike]

This is a decent drop, I ended up with a late model 2024 for $932/month all in with $0 down but that includes leftover discount and referral credit

oh and I did 12,000 miles per year

was planning on buying out right away but now might leave as a lease to hedge

 

[elgrande]

What does this work out to as a APR?

I just went to the local Tesla dealership today to get a quote for this deal .. the rate was 7.99% ... pretty sure I can do better .. does anybody know some good 3rd party lenders for Tesla / Cybertrucks ?

 

[JerseyMike]

I just went to the local Tesla dealership today to get a quote for this deal .. the rate was 7.99% ... pretty sure I can do better .. does anybody know some good 3rd party lenders for Tesla / Cybertrucks ?

I didn't think you could lease with a private lender. are you sure about the 7.99%? I believe my lease had a money factor that equated to around 6.5% or so

 

[XyberTruck1]

If leasing, is it a problem to change the tires to a different set? Thinking kO2s..

 

[Beetlebug62]

Okay, $35,300 for 3yrs, and then you get to decide if you want to buy it for $56k, or $91k total, but more if you finance the buyout in 3yrs.

It's a better offer than the single-motor lease.

I got the end-of-quarter promo rate, so my 60month loan totals out to $77,310 including the down pmt. I already know I'm going to drive it for the next 15yrs, so it makes sense to buy at the low rate.

Okay, for those who want to know what the Lease rate or money factor is, I did the math.

The depreciation from $75k to $56k divided by 36pmts is $528/mo, that leaves $271/mo as the finance part.

For leasing, you divide the MSRP+RV into the finance number to get your money factor or lease rate, and that's 0.0002. Multiply by 2400 and you get 4.8%.

 

[elgrande]

I didn't think you could lease with a private lender. are you sure about the 7.99%? I believe my lease had a money factor that equated to around 6.5% or so

my lease quote had a money factor of .00333 not sure how that is calculated .. he really didn't plug in too much info besides address ..etc.. I think this sheet is just a "payment esimator" so I guess technically the numbers could change

 

[Mini2nut]

.00333 money factor = 7.99% interest rate

 

[CyberGus]

I took a lease once, but only because my primary vehicle died, and I wasn’t ready to commit to a purchase.

I eventually bought a Cybertruck lol

 

[JerseyMike]

Okay, $35,300 for 3yrs, and then you get to decide if you want to buy it for $56k, or $91k total, but more if you finance the buyout in 3yrs.

It's a better offer than the single-motor lease.

I got the end-of-quarter promo rate, so my 60month loan totals out to $77,310 including the down pmt. I already know I'm going to drive it for the next 15yrs, so it makes sense to buy at the low rate.

Okay, for those who want to know what the Lease rate or money factor is, I did the math.

The depreciation from $75k to $56k divided by 36pmts is $528/mo, that leaves $271/mo as the finance part.

For leasing, you divide the MSRP+RV into the finance number to get your money factor or lease rate, and that's 0.0002. Multiply by 2400 and you get 4.8%.

I think your math is off with this……should be $28,764(799*36) + $5000 =$33,764 not $35,300

ends up at $89,764 total

 

[JerseyMike]

my lease quote had a money factor of .00333 not sure how that is calculated .. he really didn't plug in too much info besides address ..etc.. I think this sheet is just a "payment esimator" so I guess technically the numbers could change

Ok, mine was 6.9%, I found the post where someone was walking me through the calculation

 

[poiuyt]

Multiply by 2400 and you get 4.8%.

00333 money factor = 7.99% interest rate

so which is it?

 

[Beetlebug62]

I think your math is off with this……should be $28,764(799*36) + $5000 =$33,764 not $35,300

ends up at $89,764 total

I used the "Due at Signing" figure, not the $5000. It's $1500 more. But, I looked into it, and it includes the first month $799, so take that out.

Not that it makes a heck of a lot of difference in the grand scheme of things. It's a little over $90k, either way, and if you finance at 36months, it can be a bit more.

 

[Beetlebug62]

so which is it?

Well, my calculation shows the math; and the Money Factor for the $799 offer is 0.0002. That's a 4.8% rate. I didn't read what the other person's 7.99% offer was about. Must have been due to his credit rating category.

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