Tesla Finally Allows Lease Buyouts! Is It Better To Lease or Buy? #finsubito agevolazioni

1. Not anymore! Now when you try to purchase, it says "Indelible to Purchase Vehicle". All Tesla vehicles delivered on or after April 15,2022 are not eligible for purchase. However, just a few days ago I was able to and I got a quote for it too.

2. Can you buy out your lease at anytime? I saw online someone leased a Tesla and made 1 lease payment and was able to buyout their lease

3. Great convo fellas. It really does come down to the numbers. I traditionally have leased in the last 10 years because the interest rates were quite lower vs a finance rate, and usually the car was always worth more than the buyout+tax so you'd have SOME equity if buying out and selling. I have not personally done this as I usually switched out before the lease ended. I liked have a protected residual incase of any accidents. It was also much easier to lease transfer to someone (if I got a good deal vs what they were being quoted) than having to figure out buying out the car from a finance and then selling it.

   With EVs though, residuals seems to have adjusted substantially. Cars that I have been quoted on have almost a 10% less residual at the end of 36 months or 48 months than they did before ie: Etron GT that had a 42% after 48 months is now 32%. So you are definitely paying more of the depreciation now (as one would expect given the drop in value after a few years.) It will be tough to have any equity at lease end and the flip side is the dealer has to have some room to re-sell once/if turned back in.

   As @rcmiller510 mentioned below you are basically buying a call option. If you're ahead, buyout and sell, or have dealer give you some equity on the next one. If buyout is above market value, give the keys back. I think with EVs it will likely be the latter for now.

4. Tesla is a business, they don't care which cars they get back as long as they can make a profit from it, and there is plenty of demand for the older cars. But from a Tesla side (or any automaker), why to allow a lease buyback or not is a financial decision, most auto-makers have a VERY healthy profit business in their lending and 'certified' used car businesses. Plus this is another place where Tesla can create an 'incentive' to make car pricing more attractive – they can change the rate, the residual, etc to hit a 'target' monthly price which is attractive to consumers – but the 'residual' is almost always better for the Tesla side than the consumer side.

5. The title is misleading. I was watching to get expert advice, not two guys guessing what makes sense. Next time, please include a subject matter expert.

6. Personally I would probably lease so I can get the tax credit and then buy it out later on. Can’t qualify otherwise

7. Just leasing a Model 3 long range RWD in the UK. Here Tesla contracts leasing to a third party so no opportunity to purchase at the end of my lease, but who knows in 3 years!

8. We’ve leased numerous vehicles over the past 25 yrs. At least two MB convertibles had a higher market price than buyout so we bought and sold them at a handsome profit. Since technology changes faster in EVs than ICE vehicles, I suspect residual value percentage is lower on EVs so leases may become less attractive.

9. I just signed a 24 mo lease on an EV6-GT for use as a business vehicle and don’t qualify for $7500 credit on a purchase. But, the lease with all incentives took $17.1K off the price of vehicle making the monthly payments very low. Beware of cash down, extra fees, and taxes adding to your cost. But enough cash down and any lease can be as low as $49/mo. Beware, some dealers add market adjustment or profit items to your lease. And never lease if your annual mileage is greater than allowance because penalties are huge.

10. My job has free charging, and its saying a lease for my specs is less than 250 a month im tempted 😅

11. Some Individuals Lease to get the $7,500 WHILE IT LAST and also the Payment Monthly is alot more reasonable on a lease then buying for 72 months and then when the Individual wants to buy the lease at end thier Payment would be also more reasonable 8:13

12. Buy out is a nice option for people who’s life circumstances may change after they have signed a lease agreement and find themselves blasting far past their mileage limits.

13. It's largely a financial decision. Basically, you're buying a call option. The decision to exercise the option is based upon the difference between the residual value and market value 24 or 36 months down the road. If the buyout price is less than the market price (and you still want the car), it makes sense to exercise the option. If the buyout price is greater than the market price, then you would not exercise the option — in other words "walk."

14. Give the steep depreciation rate of EVs and Tesla migration of HW3 —>HW4 —>HW5 imo it would better to lease and not buy out . The Tesla residual price is higher than resale value of equivalent models

15. Tesla stopped doing lease buyouts because Elon said all Tesla's would be appreciating assets and make $30k in robotaxi revenue a year so they were going to keep them all. And we know how very, very astronomically wrong Elon was. Not only are they not appreciating, but EVs have some of the largest depreciation in the industry. And I think it also shows that Tesla internally has little faith in the realism of a robotaxi future, certainly on the current hardware.

16. I think because they sold cars at insane prices during the pandemic and don't want to take a loss when the lease ends.

17. You mentioned the Juniper Y refresh and Model S, do you think a Model S refresh is coming?

18. 2023 model 3 RWD with the LFP battery, 25k on the odometer, leased in Dec 22 for 36 months & 12k miles/yr. Cap cost is $44k & Residual is $28.4k. Paid $12k &$353/month. Just paid the 25th. Can you recommend what’s the best option for me going forward? The condition is excellent, I have a safety score between 99-100 for the most part, no incidence except one wind shield replacement on a rock chip. Still get 262 miles range (4.5 miles/kWh), from the original 272.

19. very very interesting, thanks for that information

20. Some people might lease a vehicle to get the $7500 lease credit (While it lasts) for those vehicles or individuals who do not qualify for it.

21. Tesla must be passing on at least some of the tax credit. Cheapest model 3 is 42490 right now. It leases for 299 plus 2999 down, which totals to 13763. The residual is 28522. If you add the total lease cost to the residual, you get 42285, I.e. less than the full value of the car. Another way to look at it is that you’re getting 0% apr. You’re also getting a pretty favorable residual (I suspect it will be worth less than 28k after 3 years).

22. I was between a RWD Model 3 and the RWD Polestar 2. I can't lease a Tesla in Wisconsin due to dealership laws. I have a 2024 Polestar 2 RWD lease that I might buyout at lease end.

23. Question I have is does this apply to all lenders? I know Tesla uses multiple banks/lenders for their leases. The lender that I use still has no idea this exists and tells me this is still not an option. Could just be a case of this is still a new policy and is not in their system l?

24. You may want to lease and then buy because you can take advantage of tax loophole if you hit income limits. May make it slightly cheaper.

25. Biggest question is for some who want to take advantage of the tax credit on cars that normally don’t qualify when buying like S or some model 3 performance. Can you lease and buy it out any time and actually get the tax credit advantage that you can get with most other automakers? Would be interesting to see if that’s an option in Jordan’s app on his new leased model 3. Lots of posts on X with people that just leased and showing it’s an option. Lots of confusion around this program when asking Tesla stores employees about it.

26. Three weeks into my three year lease, with a lease contract that says in bold print that I cannot buy the car at the end of the lease period, I’ll be interested in how this plays out 35 months from now. If Tesla doesn’t change the rules again by then

27. Francie

28. Lease seems to make sense if you want to upgrade every 2-3 years anyways and for business use there may be some tax advantages

29. Money being lost on keeping cars that don’t operate as robot taxis.

30. I am going to lease an X because it makes my monthly payment lower. I want to buy it but I don’t want to pay the monthly payment. After a few years of leasing, when I buy my car the monthly payment will be more manageable and it’s been mine from the start of it being new.

31. Tesla has reached the point like all the rest of the vehicle manufacturers, creating ways to sell their vehicles!

32. Lease buyout is very important when you go over the mileage. Plus it gets you into a new car when you can't afford to buy it.

33. Can you please share how much exactly you spend monthly on lease of the model 3?

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