$7500.00 Lease Incentive - how does it work?

[Electric Metal]

Probably been discussed before but………… how does the $7500.00 incentive to lease work? Is the $7500.00 used as a down payment? Or is it taken off the price and you still need to put down the 7,500? Thinking of leasing another for the business. Sorry if this has been answered, but I get conflicting answers from the SC employees.

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[speedstuff]

It was used as part of the down payment in my case when I leased my CT

 

[Cyberhugo1]

It was used as part of the down payment in my case when I leased my CT

What was the total you had to put down?

 

[mystral77]

do they give it to anyone no matter if is /isn’t a commercial vehicle?

 

[Oceanwolf]

Lengthy discussion is here. I am picking up my lease tomorrow. I could be making a major mistake, we’ll see in a month. I just couldn’t justify to buy FS even with free supercharging.
https://www.cybertruckownersclub.co...for-the-lease-include-the-7-500-rebate.32747/

 

[mystral77]

Lengthy discussion is here. I am picking up my lease tomorrow. I could be making a major mistake, we’ll see in a month. I just couldn’t justify to buy FS even with free supercharging.
https://www.cybertruckownersclub.co...for-the-lease-include-the-7-500-rebate.32747/

Why? If u don’t mind me to ask? Bc u charge from home?

 

[BobsTruck]

I put down about 10,000. Then Tesla added 7,500 to the lease down payment. This resulted in a lease balance of about 65,000 after taxes and fees. It took about 8 days for my lease to be in Chase’s system. I can now pay it off in full and plan on doing so. It’s consistent with the lease contract. For some reason Tesla reps won’t confirm that this can be done in writing.

 

[MynameisKhan]

I put down about 10,000. Then Tesla added 7,500 to the lease down payment. This resulted in a lease balance of about 65,000 after taxes and fees. It took about 8 days for my lease to be in Chase’s system. I can now pay it off in full and plan on doing so. It’s consistent with the lease contract. For some reason Tesla reps won’t confirm that this can be done in writing.

Is there any prepayment penalty? Do you know how is the final payoff amount calculated?

 

[BobsTruck]

The quote to pay it off is within $200 of the adjusted capitalized cost on the lease agreement. I believe chase’s fee is $150 for early pay off. Make sure you use a referral to get an extra 2,000.

 

[cyborg007]

Is there an option to select the lease company between Chase/ Tesla or Santender (or any other vendor). From what I have read and understood only Chase and Tesla allow the immediate lease buyout option. Could be totally incorrect in my interpretation ?

 

[BobsTruck]

I didn’t have the option to choose. Just got matched with Chase. Can’t speak to the other’s but the lease agreement is drafted by Tesla and seems to allow a buyout. Just my opinion.

 

[Cyberhugo1]

I put down about 10,000. Then Tesla added 7,500 to the lease down payment. This resulted in a lease balance of about 65,000 after taxes and fees. It took about 8 days for my lease to be in Chase’s system. I can now pay it off in full and plan on doing so. It’s consistent with the lease contract. For some reason Tesla reps won’t confirm that this can be done in writing.

Was this the Cyberbeast?

 

[BobsTruck]

No, just the regular AWD. And I love it!

 

[Oceanwolf]

Why? If u don’t mind me to ask? Bc u charge from home?

I am already transferring FSD from my wife’s M3, that is 8K. I can charge at work and at home where I have solar. Supercharging is great when taking trips. If they would sell me free supercharging for life for $2500 I will buy it.

 

[Oceanwolf]

Lengthy discussion is here. I am picking up my lease tomorrow. I could be making a major mistake, we’ll see in a month. I just couldn’t justify to buy FS even with free supercharging.
https://www.cybertruckownersclub.co...for-the-lease-include-the-7-500-rebate.32747/

After I got my delivery date set, I get to see my lease agreement from Chase. Para 32 says I can buy the CT anytime. The cost would be the adjusted lease +
the rental cost + depreciation for the time period and purchase fee of $150. I may lose some money on the taxes they paid, but this would give me the time to sell my stocks at a favorable price

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