Cybertruck lease rates now available for U.S. ($0 down / $7,500 down) -- [ADMIN WARNING: NO POLITICS]

[Carnut12]

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.

However, the Tesla leasing offer has a few small advantages considering that some of us can't otherwise get the tax credit and it is completely unknown how valuable these cars will be at the three year mark.

My Model Y resale value completely went in the toilet when Tesla slashed prices two years ago and will be further impacted when a brand new redesigned model Y is released sometime next year.

Absolutely dead on. I’ve never leased, but I probably should have many times. I flip cars often, I understand that isn’t financially smart, but I have the money so I scratch the itch. If I leased I would’ve saved money for sure. Also I lost about $50K on my 2 teslas with the price reductions, this would ensure you’re protected from that. I’m not sure what I’ll end up doing, but I fully understand your points.

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[Carnut12]

Leasing is for people who want to drive (rent) a better car then the can actualy afford . I would only say it makes sense maybe if it’s through your company .

I have always thought the same, but I know I would’ve saved money leasing (I’ve never leased). Plus I wouldn’t have had to trade in cars either and deal with all that hassle. For example I owned several BMW’s back in the years their lease rates were very good, my payments would’ve been hundreds less and I rarely ever had equity when I traded in. I flip cars typically every 18-24 months, if I did 24 month leases there is a strong possibility it would’ve been cheaper.

I am not sure if I’ll ever lease, but I no longer think everyone that does is just trying to drive a more expensive car. I do think many do that, but not all.

Listen we have many on here asking about tax rebates, if you qualify for a tax rebate buying this truck is a terrible financial decision, but almost no one buys cars/trucks thinking about making a smart financial decision. If we did we would all drive Honda Civics for their reliability, gas mileage, and amazing resale value.

 

[Carnut12]

One more note this absolutely clarifies they have a supply problem, and if this doesn’t drive units other incentives will come!!!

 

[cgoats21]

One more note this absolutely clarifies they have a supply problem, and if this doesn’t drive units other incentives will come!!!

Hopefully they will offer some end of year incentive. I have the cash waiting to go but I want to feel like I got some kind of deal or not get hosed like I did with the original model 3

 

[countryboy]

This is not a deal. My $100k MS90D lease for $600/mo in 2016 was a deal. But still felt deflated giving it back and owing nothing. No more leases for me. CT was first new vehicle with 1 payment. Was everyone else not saving since 2019??

 

[canyoncarver]

This is not a deal. My $100k MS90D lease for $600/mo in 2016 was a deal. But still felt deflated giving it back and owing nothing. No more leases for me. CT was first new vehicle with 1 payment. Was everyone else not saving since 2019??

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 the product that also hurt early adopter resale.

Yes, I can pay cash for the truck but in this case that might not be the smartest financial move.

 

[mongo]

The lease qualifies for the tax credit if you wouldn’t otherwise get it.

Yah, a consumer does not get the credit, the company providing the lease does.
So the terms of the lease may (if they are nice) be adjusted in one's favor by the credit.

 

[Mini2nut]

I don’t see the leasing offer increasing demand for the Cybertruck.

I’m curious to see what pulling the demand lever for a second time will include.

 

[mongo]

I don’t see the leasing offer increasing demand for the Cybertruck.

I’m curious to see what pulling the demand lever for a second time will include.

Trucks are much more likely to be leased than passenger cars:
https://www.statista.com/statistics/1342225/new-vehicle-leases-in-the-us-by-type/

For businesses, leasing can offer tax advantages:
https://www.jacksonhewitt.com/tax-h...uld-you-lease-or-buy-a-car-for-your-business/

 

[Dahongfei]

This is not a deal. My $100k MS90D lease for $600/mo in 2016 was a deal. But still felt deflated giving it back and owing nothing. No more leases for me. CT was first new vehicle with 1 payment. Was everyone else not saving since 2019??

i don’t lease it or rent it, I own it

 

[canyoncarver]

Yah, a consumer does not get the credit, the company providing the lease does.
So the terms of the lease may (if they are nice) be adjusted in one's favor by the credit.

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 $20K and change down the monthly payment for me, with taxes, fees, etc. is something like $680 a month.

So, I can put down $13K, pay $680 a month and after three years have zero equity. My total out of pocket in this case is about $37,000 plus some other fees paid at the end to drive CT for three years.

Or, I can pay $80K plus tax (assuming cash purchase) and at the end of three years I have an asset that is going to be worth somewhere between $35K and $45K.

I've never understand why people got so emotional and feel the need to insult others when it comes to lease vs cash purchase vs finance decisions on automobiles.

If you can otherwise afford the truck then you can use a spreadsheet to figure out what premium you are paying (if any) for doing the lease vs paying cash vs using traditional financing... and make your decision based on that.

You can also do a gut check to see how confident you are of what this truck will be worth in 2-3 years as demand dries up and Tesla pulls more levers (increased range, lower MSRP, technology improvements, facelift) to increase sales.

Honestly the people who are in the most trouble are the people that couldn't comfortably buy the $100K foundation series but did so anyways out of excitement to have a cool toy. Those vehicles will not be worth 55% of what was spent on them in three years.... not a problem if you will keep the truck for 10+ years, but most consumers change their cars every 4-6 years.

 

[mongo]

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 $20K and change down the monthly payment for me, with taxes, fees, etc. is something like $680 a month.

So, I can put down $13K, pay $680 a month and after three years have zero equity. My total out of pocket in this case is about $37,000 plus some other fees paid at the end to drive CT for three years.

Or, I can pay $80K plus tax (assuming cash purchase) and at the end of three years I have an asset that is going to be worth somewhere between $35K and $45K.

I've never understand why people got so emotional and feel the need to insult others when it comes to lease vs cash purchase vs finance decisions on automobiles.

If you can otherwise afford the truck then you can use a spreadsheet to figure out what premium you are paying (if any) for doing the lease vs paying cash vs using traditional financing... and make your decision based on that.

You can also do a gut check to see how confident you are of what this truck will be worth in 2-3 years as demand dries up and Tesla pulls more levers (increased range, lower MSRP, technology improvements, facelift) to increase sales.

Honestly the people who are in the most trouble are the people that couldn't comfortably buy the $100K foundation series but did so anyways out of excitement to have a cool toy. Those vehicles will not be worth 55% of what was spent on them in three years.... not a problem if you will keep the truck for 10+ years, but most consumers change their cars every 4-6 years.

Indeed
Tesla is one of those that passes the credit through in the form of better lease terms.
I was attempting to clarify that the person leasing never directly sees the $7,500 as opposed to vehicles purchased that qualify for Clean Vehicle Credit point of sale.

Agree it's all an individual preference spreadsheet decision. Even cash vs loan depends on what return one thinks they can get for their cash vs loan interest rate.

We hold vehicles until dead so resale has never been a concern to us, just whether it checks the boxes of what we want/ need.

 

[CTInProcess]

There are 2 million Reservation, this isn’t because a lack of Demand. Elon just wants everyone to have one so he can crush Legacy Manufacturers.

 

[HaulingAss]

Tesla has announced Cybertruck leasing rate in the U.S.

https://www.tesla.com/cybertruck/design#overview

AWD with $0 down:
• 36 month: $1,249/month
• 24 month: $1,568/month

Cyberbeast with $0 down:
• 36 month: $1,439/month
• 24 month: $1,715/month

AWD with $7,500 down:
• 36 month: $999/month
• 24 month: $1,199/month

Cyberbeast with $7,500 down:
• 36 month: $1,204/month
• 24 month: $1,368/month

-Vehicle must be returned to Tesla at end of lease (no option to purchase)
-10k miles per year, 25 cents a mile for every excess mile driven
-Taxes and fees not included

Do leases include FSD or would they have to subscribe to it monthly or pay a higher lease rate?

 

[Macgreiner]

This is not a deal. My $100k MS90D lease for $600/mo in 2016 was a deal. But still felt deflated giving it back and owing nothing. No more leases for me. CT was first new vehicle with 1 payment. Was everyone else not saving since 2019??

We were, but the target then was anywhere from $39k to $69k - not $80k+

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