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

[Speedr]

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[Speedr]

It's $55,750 to buy it at the end.

 

[misdemeanor]

Too bad we don't have leasing in Kentucky..

Still loving my ?though!!

 

[XyberTruck1]

So you would need to bring 6500 in cash. The 7500 rebate is already discounted?

I believe most recommended a 0 down payment in case of totalling in an accident.

 

[Speedr]

So you would need to bring 6500 in cash. The 7500 rebate is already discounted?

I believe most recommended a 0 down payment in case of totalling in an accident.

It's $954/month if you put nothing down (still need $1,649 at signing). Yes, the $7,500 federal rebate is already included, regardless if you qualify or not (since leasing is considered a business).

You are correct, in an accident where the vehicle is totaled, any money that's in the vehicle (i.e. equity) gets lost. I usually put down the minimum because of this. They usually show some amount to make the payment more attractive, and most people have some equity in their trade-in...

 

[marklu15]

So 6500 cash, then 55k something to finance/buyout?? What’s the exact step by step in doing this?

 

[carsly]

So 6500 cash, then 55k something to finance/buyout?? What’s the exact step by step in doing this?

pay the 36 payments of $799 as well

 

[Speedr]

So 6500 cash, then 55k something to finance/buyout?? What’s the exact step by step in doing this?

Not sure what the question is. At the end of the lease, 3 years from now, you can either turn back in the truck, or you can buy it outright for $55k (most people will get a used are loan for that amount). It's actually a great way to de-risk a product and technology with a great deal of uncertainty. If in 3 years there's a way better product out there (i.e. greater range, cheaper, etc.), then you can walk away without a significant depreciation hit and go buy that new truck. If everything is way more expensive, or you just can't buy any self-driving vehicles because demand is through the roof, then you can on the cheap buy buying your own truck. BTW, I know this sounds crazy, but this exact thing happened during Covid...

Does this answer your question?

 

[Coagulation]

This seems like the right move for most people who are either not buying cash, don’t have the cash set aside even if they do take a loan, and aren’t dead set on the screen their vehicle for the next 10 years.

No living at the whims of an unpredictable trade in / used car market.

Impossible to be underwater on a loan.

Three years isn’t all that long, and you can buy it if you feel like it at the end.

Take a look at what’s out there in this lease price range. You’d be shocked. This is far more car for the money.

 

[Urander]

Let’s say you lease the AWD for 36 months with $5K down. By the end of the lease, you’ve paid $33,764.

Want to keep the truck? The buyout puts your total spend at $87,874 — for a $79K truck.

Yeah… doesn’t sound like a great deal.

Now, what if you finance instead?

Take out a 72-month loan at 7% interest, and by month 36, you’ve already paid $13,108 just in interest.

If you pay it off then, you’re in for $93,098 total — or $84,518 if you qualify for the $7,500 EV tax credit.

So here’s the TL;DR:

• If you don’t qualify for the tax credit, leasing ends up cheaper at the 3-year mark.
• If you do qualify, buying up front is still the better deal.

 

[Coagulation]

Let’s say you lease the AWD for 36 months with $5K down. By the end of the lease, you’ve paid $33,764.

Want to keep the truck? The buyout puts your total spend at $87,874 — for a $79K truck.

Yeah… doesn’t sound like a great deal.

Now, what if you finance instead?

Take out a 72-month loan at 7% interest, and by month 36, you’ve already paid $13,108 just in interest.

If you pay it off then, you’re in for $93,098 total — or $84,518 if you qualify for the $7,500 EV tax credit.

So here’s the TL;DR:

• If you don’t qualify for the tax credit, leasing ends up cheaper at the 3-year mark.
• If you do qualify, buying up front is still the better deal.

The math is correct, but the trade-off is that you may be paying slightly more to bear absolutely no used car market risk if lease even if you qualify for the credit.

 

[SCTesla]

The math is correct, but the trade-off is that you may be paying slightly more to bear absolutely no used car market risk if lease even if you qualify for the credit.

You also do not have a mileage cap. I believe the highest level Tesla offers is $15k per year. This offer is only $10k per year.

 

[Coagulation]

You also do not have a mileage cap. I believe the highest level Tesla offers is $15k per year. This offer is only $10k per year.

that’s also a good point. Wasn’t thinking about that as I’m a 5-7k mile a year guy

 

[not_elon_]

If you drive less than 10k miles a year take an Uber lol.

 

[Mini2nut]

Remember: Leasing = Renting

Unless you own a business and can tax advantage of the current IRS tax laws you may want to think twice about leasing a vehicle.

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