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Break even point should be easy to figure out, but yes, the lease has the most advantage when you throw the maximum at the cap reduction (down payment) and pay all fees out of pocket so that you minimize the damage of the high interest rate. If you do that then you will surely come out ahead as...

So, I realize I've "contributed" a lot to this thread, but here are a couple of other quick comments... Very few people can actually afford the car they are driving. If you can't write a check for it, then technically you "can't afford it". Leasing is another tool for use of a car. Leasing has...

There will be additional expense whether you lease or finance compared to paying cash. Most consumers will not be able to pay cash for an $80K vehicle and so will do some kind of financing. The only financing scenario where you can tax the tax credit, at present, is with a lease. Even if Tesla...

You can see in the document I provided that Tesla shows a $15,000 total down payment with $7,500 of that being the tax credit and $7,500 coming from customer down payment. So right, you can't "claim it on your taxes" it is being applied point of sale to the lease.

The residual is being heavily inflated for sure.... so there's only so much more they can do with a two year lease. Some businesses offer two year leases for their executives and that might be the only reason the two year option is even being offered. As an aside to those who continue to...

you can use a lease calculator to figure out the residual on the two year lease. It is going to be similar to the three year residual based on the payments.

stupid based on what? Your inability to use a spreadsheet?

Looking at these numbers a bit further, Tesla appears to be adjusting the residual value based on the $7,500 tax incentive. Still.... 68% residual is simply insane. How many people actually think a three year old CT with 30K miles on it is going to be worth $58,000? Especially since Tesla will...

I don't know about any discounts although someone earlier in this thread provided their referral code and said it was good for $1,000 off a Tesla lease.

it is a very high rate. I believe on Rivian you are looking at about 7.5-8%.

much higher residual than I anticipated.

As promised here are the lease details direct from Tesla advisor:

You are ignoring the $7,500 pass through tax credit as well as Tesla’s long history of slashing MSRP sometimes by 20% or more that destroys resale value.

What has been your leasing experience with Tesla? Which bank handles the lease financing? How strict have they been for minor damage at lease turn in? Thanks.

I've never leased a Tesla so I don't know how their financier handles it but it's not atypical for the leasing bank to offer a very short extension of the lease at the same lease payment as long as you have not gone over on miles. In the case of BMW they will actually extend your lease by up to...

Looks like lease acquisition fee is $679 and lease disposal fee is $350. That's actually not bad on an $80K car.

Leases do not include any FSD or optional accessories like different color/wheels. If Tesla operates like most other automakers those things would only be charged depreciation on the lease.... so in the case of FSD it's probably cheaper to just subscribe to it for the lease term (and that might...

Tesla have already showed me that leasees are getting the credit in the form of cap reduction, it is in exchange for an extremely high lease interest rate. However, you can make a maximum down payment of $13,000 in addition to the $7,500 tax credit that is used as cap cost reduction. So, with...

I still don’t think you understand why the lease is slightly attractive. The lease qualifies for the tax credit if you wouldn’t otherwise get it. The lease locks in the residual of the truck so that you are protected against Tesla price drops in the future that hurt resale, or improvements in...

It is a really big if. Resale value of Teslas fluctuates a lot. Tesla could also cut MSRP which they often do as a demand lever. I mean, is it the end of the world if it's worth $38,000 in three years instead of $44K? Not really, but if the bank backing the lease wants to risk holding the bag...