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With current interest rates what makes the most sense is to pay cash for the vehicle you can afford... and it makes even MORE financial sense to buy a vehicle that is 2-3 years old where another person has taken the massive depreciation hit and you get a nearly new vehicle at a huge discount...

Yes, I am a millionaire multiple times over who could write a check for a CT but I'm the mark because I might choose to make monthly payments to drive a newer model car every few years (I own four cars one of which is six years old and one of which is 13 years old) and not have to worry about...

That is absurd. I have turned in many lease vehicles that had the same or better residual value than they would have had if I had sold them at the same point in time. Other things leasing does is let you walk away from a car if you really aren't in love with it or it has minor annoying issues...

I don't know whether or not the CT qualifies for the $7500 tax credit for consumer purchase but it definitely applies for commercial purchase by way of a lease.

Because I make too much money to qualify for the tax credit but that doesn't matter with a lease.

Leases usually carry higher interest rates than traditional auto loans. In this case, the lender is going to take the tax credit (they are purchasing the vehicle as a commercial purchase where it qualifies regardless of end user's other qualifications) and then they are going to gouge the...

They showed me the financial calculator for doing lease on CT which was just released this morning. It showed $7500 tax credit applied and another $7500 of cap reduction (this would be the down payment) and a payment of $999 a month. Assuming a ~55% residual that means 29,600 of cap cost...

Little more information after my test drive and brief discussion today on the leasing details; There is a $7500 tax credit built into the lease, however the prices shown with the $7500 down payment ($999 a month) already take this into the account. So it is effectively $15,000 of cap...

I'm going to do another test drive today and see if any details on tax credit for leasees is available yet. If I can get the $7500 tax credit as cap reduction, even if the interest is higher it's a no brainer for me... I'll just do cap reduction with my Model Y value and my lease payments would...

Legitimate concern but as I only drive 5,000-7,500 miles a year not a concern for me personally.

It's still a great deal if you wouldn't otherwise qualify for the tax credit. While quite a few people use leasing as a method of driving a more expensive vehicle than they could otherwise afford, there are also those who could pay cash for the vehicle but choose leasing for the financial...

That's a good point I had not considered. I do not qualify for the normal $7500 tax credit.... is Tesla doing the $7500 commercial credit in the lease terms that would bypass the normal income cap for the tax credit?

Final point is that $1249 is not "pricy" to someone who was going to do traditional financing on the CT with little money down... which sadly is how MOST people finance automobiles, even expensive ones. On a five year loan at 5.9% interest the CT is $1349 a month IF you pay all taxes out of...

You are paying 45% of the cost of the truck to drive it for three years. You are protected against future versions of the product or future price cuts reducing that resale value. I bought my Model Y two years ago and Tesla immediately and drastically reduced resale price and tanked the used...

The price absolutely has to come down and I think that it will, but Tesla has become expert at extracting the max price for their products from the market. Next likely thing for CT is going to be 0% APR loans sometime in maybe Q1 of 2025, then I think the next likely thing they will do is a...

Based on the experience with my Model 3, I'm going to wait until they build more like 150K trucks before I order one. Tesla tends to iron out a LOT of issues in the first 1.5 years of production and does a lot of part revisions in that time frame as well.

Honestly I was trying to figure out how anyone buying one of the foundation edition qualifies for the tax credit. My wife and I don't.

okay, thanks!

Assuming the $7500 tax credit eventually applies is the gross income cap still $300K for couples?

I'm amazed that anyone who fits under the income cap for the tax credit feels that they can afford the CT.