Leasing a Tesla? Here's What Happens When You Turn It In

[@Gjeebs]

Since he liked Tesla so much I suggested he look at a 22+ Model 3/Y used private sale. Private sale in AZ you don't have to pay sales tax and the new RYZN chip means updates will be coming for years to come. Also you don't have to buy a used private sale car in AZ. It can be anywhere in the US.

[@chriauc2976]

RZD chip will get obsolete just like all else get a grip go try aerodynamic hub caps you deserve it

[@miakmo59]

💩

[@pepethepatriot7524]

you just have to worry about buying new batteries if you buy used... check into prices on those and you'll see how much you've been scammed. LOL! Suckers.

[@philipstreechon4523]

Take a cab

[@philipstreechon4523]

You spent all that money to go 18000 miles.

[@mrallelectriccarlunacy]

Model Y is good. Get a good deal on Ioniq 5 if you can but the best deal around feels like buying a Model Y outright. I bought mine at the wrong price in 2022 but at today’s prices, wow. Wow.

[@daviddeitrick9929]

For some reason, there are no links in the descriptions.

[@brandonwebb7176]

Where does Tesla sell the lease returns? Thru the dealer or auction?

[@CasperChicago]

Only buy a used Tesla from Tesla 👈🏾 The prices are very close and they are not leased Ubers!

[@thegommels4556]

I don’t know much about leases. So did John get any kind of money back by driving less than the leased miles?

[@Skyking6976]

NO…that’s not a thing on leases that I’ve ever heard of and I’ve leased vehicles over 20 years.

[@godislove025]

Tesla’s are the best

[@musicrelaxation9795]

Imagine paying $22,000+ to drive 18,000 miles.

[@carlmorgan8452]

Stupid is as stupid does

[@user-tb7rn1il3q]

They aren’t financially very smart. At 6k miles a year around town just drive a junker. I’d never put kids in a nice car. They’ll destroy it.

[@MrJSpicoli]

When you need to join the crowd and pose, money is obviously no object

[@zdravkojuric5927]

Good dill for company

[@softwarephil1709]

“When we take trips we use my wife’s hybrid.” Bingo. EVs are fine if you can afford a second, gas powered vehicle.

[@BillLaBrie]

The EV mandates are being enacted by people who don’t really need cars or can afford more than one.

[@marcomalo02]

This is silliness on steroids. Pay cash for an ICE vehicle and keep it until the wheels wear off.

[@johnkessler9878]

1994 Toyota 4x4 pickup. Paid 14k new. Has 197k looks and runs like new. Insurance and taxes under $200 per year. Just normal maintence. Wife drives 2008 Rav4. New $18k. 97k miles now. Just normal maintenance. Right at $200 per year taxes and insurance. $22k for 18k miles…ya’ll are nuts.

[@davidater9]

Uber might have been a cheaper choice than that Tesla.

[@aruth51485]

I have leased cars many times and they always have given wear and tear that is allowed. Tesla is a lot more picky when giving the car back. Most car company’s have those disposition fees you are talking about. I would never lease another Tesla, but I would purchase from them. Great car , just not a fan of the Tesla lease.

[@miked3058]

Just did a 2021 MYLR lease turn in. If you lease another vehicle with Tesla they will give to $500 off the damage fees. They will also waive the lease return fee whatever that is called. I leased a 2024 MYP.

[@Jo060]

Disposition fee :)

[@Thalassophile-ll3ll2kn2x]

John is a smart man. For day to day driving and in my case even for long distance. It is impossible for an ICE vehicle to compete on cost. Outside of road trips I never exceed 200 miles in a day. My Model Y is the lowest cost operation I ever experienced in a car, in 35 years of car ownership. I am not some environmental guy. EVs are just less costly, nicer, quieter, easy and pleasant to drive, very fast and just overall a superior product hands down to ICE.

[@steveg6978]

what about depreciation ?

[@marcd6897]

@@steveg6978not worse than any other (combustion) car. This entire BS about non selling EVs is just that, BS. The entire car market is in trouble, not just EVs. I personally tried to snap up a “cheap” EVs because, you know, some Joe on KZbin said that EV sales are in the drain, and guess what, not really. Yes, there are some good deals are out there, but they’re not exactly throwing EVs for zero money at you.

[@dwsmyyth3480]

Till you drive over 200 miles

[@dwsmyyth3480]

Can you drive from New Jersey to Orlando in 14 hours???? No you can't. Useless

[@blakesterdrums1647]

If you loved the car like you said you did, it's a no brainer....get the 24 m3 long range with the 7500 tax break....jeez you spend 22k to lease and get nothing when you can spend 37k and own da biatch

[@amirkalil]

The $22k includes fees and taxes. The $37k does not. How much is that $37k after interest rates and taxes? The $37k vs $22k argument is disingenuous at best. Where does $37k even come from? I'm seeing Model 3 LR $49,130, After Federal Tax Credit* $41,630. leasing is fine for people who change their cars often as cars likely depreciate more than the cost of a lease. You have to do your research though and also look for good deals. He also leased during the pandemic where it was a seller's market so that example makes even less sense. I can't recall if tax credit were even available at the time. I know someone who got a the Y performance for $66k in May 2022 and it's worth half that now 2 years later.

[@DerekRiver]

It would be better to lease lol, I work for a dealership, teslas depreciate like crazy…don’t buy depreciating assets ever lol

[@wavestation999]

Why would you buy something that loses value immediately?

[@igetu2c]

@@wavestation999 Becuase most people want private & convenient transportation.

[@theczar6171]

Comical, my boss in the 1990s turned in his Mercedes S class lease. And about a month later. Was mad as hell because they build him for a new set of tires and brakes. He got billed for the radiator leaking. And the power steering pump leaking. There’s something else that it had an issue with at the end of the lease. I don’t remember. But I do remember him complaining it was over $3000 in repairs.

[@MarcRebilletClips]

$300/mo to lease a 2024 Model 3 for 3 years. Or pay $600 to finance one, and half your monthly goes toward interest while fighting depreciation. I think leasing is currently the smartest play.

[@EZ8E]

With interest rates at 6-9% lease is absolutely the way to go.

[@rsfpc05]

@@EZ8Emoney factors still tied to rates

[@EZ8E]

@rsfpc05 Of course, but you are financing less money.

[@igloozoo3771]

@@EZ8E Model 3 is 1.99% financing until Sept 31, 2024.

[@EZ8E]

@@igloozoo3771 Wow. The performance model too? I doubt it.

[@henrycruz45cal]

Paid $27k to drive the car for 18k miles. I paid $11k more and i keep my 2024 MYP. Crazy to lease

[@Plague_Rat778]

Some people (like me) prefer leasing because we get cars too often for buying it to make sense. Since I got my license in 2017, I've had 10 cars. 2 were totaled (neither my fault). The rest were trade-ins to get something different cus I wanted something different. Due to this, leasing is likely the best option for me.

[@k2gees]

When and where did you buy an MYP for 38k?

[@johntalbert8227]

$1.50 a mile ownership experience.

[@Mr.SizeXI]

There is no way you paid 38k for a 2024 MYP.

[@Tom-fn8xc]

He leased it when prices were much more inflated, and would have lost a ton on depreciation anyway. He should definitely buy in today's market though.

[@JohnMiller08]

This video came at the right time. I was looking at Model 3’s over the weekend and the highland has such good lease deals. But then I found a 2023 Model 3 Performance with white interior for $31k so… trying to decide what to do as well

[@xbrizzcakez]

why so cheap?new is like $55K

[@CasperChicago]

@@xbrizzcakez I have a 2023 Model 3 RW; the one year depreciation was 40%. EVs get a bad name especially because of non-Tesla EVs. The F-150 and Mach E owners are returning the cars because of the charging network. Also, it takes a long time to charge the huge batteries of the F-150. A used Tesla is a good buy as long as you DO NOT BUY A TESLA THAT WAS AN UBER LEASE (Hertz). Uber drivers always supercharge and can easily rack up 200 miles per day.

[@xbrizzcakez]

@@CasperChicago ok, I would like to join the EV world but the prices are very high, I own 3 cars outright so to save money on gas would create a big financial outage for me. I have been thinking used Model3, seems to make $ense ...

[@Foxfried]

Buy the used M3P best performance/dollar ever.

[@305dadecounty305]

Iwould wait. Might be able to get a new one later on this year for less than 2% interest

[@simonfowler7561]

Crazy waste of money to cover 6k miles per year.

[@chefpetey]

By the mile, Taxi or Uber fare is far far cheaper. Do the math!

[@davidjimenez4528]

They charge for repairs, but they resale it with the same damage "as is". I just bought a used tesla coming from a lease, with scratches and damages, good deal but I guess because I accepted the tesla as it was. Got a tesla model 3 2021 with 28 tousand miles under 25k dollars. At he end after 4k tax credit savings, car ended up being 20500 +sales tax + registration +500 order fee.

[@davidjimenez4528]

I have a tucson 2022 but I dont drive it anymore... I love this used EV.

[@Gjeebs]

Yea that's the problem, they charge you but don't fix them. It's annoying

[@dougmanck4149]

Bought from Tesla? If so that was a great price

[@davidjimenez4528]

@@dougmanck4149 Yes. It was bought from Tesla. I was constantly refreshing the inventory website. At 5:30 am I woke up, saw the car in inventory in grey color and bought it without hesitation!

[@Note7creole]

They took the money just because lol.. leasing a Tesla ain't the business ow.. hopefully they give back the option to buy it out after

[@shockingguy]

Unbelievable, what people throw money away on

[@josephvcenzoprano7528]

Only ignoramuses Lease Cars.

[@Gjeebs]

hahahaha I love that word. It should be used more

[@Riverrain123]

tell him to checkout the new model 3! its amazing

[@thomassimmons2771]

Was replacing my MYP lease with M3R lease. I had error after error in the app to get pay off. I was then sent a bill of about 4K for wear and tear. Bad, bad customer support availability . It's a fatal attraction. I want to do everything to support Tesla but they make it so difficult

[@chrisp1336]

As you look at other EVs, make sure you study where you’re going to take it for service. Other EV start up brands, especially from overseas, do not have the service infrastructure. study that well before you make a decision. In addition to the decision about any long-distance travel. Again, you’ll probably just find one EV maker that fits the bill.

[@chrisp1336]

As long as you have a Tesla, road trips are absolutely not an issue. The supercharger net Work and the Tesla ability to plan your trip with just minimal charging stops can’t be compared to any other EE where you are trying to use the proven unreliable public fast charging infrastructure. So it’s not just around town. It’s for everything that you wanna do. Talk to anyone who owns a Tesla and drives longer distances regularly.

[@Raparee1000]

Go for a new Highland Model 3. It is fantastic and lease price is reasible. Why buy a junk Hyundai. And dont buy a Rivian. They are very overpriced and quality is no at Tesla evel.

[@Lost_In_LA]

The dings were reasonably priced. I get wanting to try a new car brand but it’s such a great time for a Model 3 with the refresh this year.

[@Raparee1000]

I did not mention I have a Tesla new model 3 (Highland) and it handles like a 5 Series BMW but its faster. Fit and finish is superior.

[@kingofthedots3835]

I subscribed ,because i detect common sense .....even tho you bought into the Electric Dream .......you are recovering .....albeit the poorer 😂😂😂😂

[@zdravkojuric5927]

Stupidly

[@Bobrogers99]

I would never spend that kind of money for a vehicle that I just use around town. I guess he has money to burn and loves showing off.

[@michaelblack8265]

Buy a Tesla ❤drive it 200,000 miles and save money and don’t worry about nicks and scratches to pay for- buy a Tesla Model 3 LR in inventory with the $7500 tax discount and inventory discount

[@Slcm02]

I have a 2022 Y/performance 36 month lease. 5K miles to date. Per lease no options to buy it, etc. all ok when they make a gas Tesla , I’m in. Y is even cheaper now ?.. makes no sense, but easy to make a decision.

[@JohnMcCullough-wr9hj]

Out of curiosity what happens when you lease a car and the manufacturer goes out of business? Is the lease set up so you have a known residual value - of course minus over miles and fixing scrapes etc? I have only had company leased cars and never pulled the trigger on a lease I have always purchased.

[@waynebradish6344]

A lease is the absolute worst way in the world to acquire a vehicle. I like Dave Ramsey's term for them fleeces, cuz you're getting fleeced. If you can't afford it, don't buy it. Leasing is insane. The only reason you made money on your Jeep is because of covid. Vehicle prices went up insanely high like never before in history. That's the only reason you got money back on your first lease.

[@jans6993]

0 down and $99 a month on a new Nissan Leaf. 0 down $270 a month on Nissan Aryia Evolve. (Denver)

[@Note7creole]

But they ain't a Tesla.. hit us back when you feel they give you the Tesla experience.. I would love to purchase another vehicle.. Tesla is the business

[@quickpstuts412]

And you don't get the advanced tech that Tesla has. It's not always about the price for everyone. Some people want the advanced tech and software updates.

[@Note7creole]

@@quickpstuts412 exactly!

[@guyg2005]

Tesla has new 3, RWD, demo, with less than 100 miles for $275 lease payment.

[@filup7419]

Anyone that curbs their wheels and thinks it's okay or just a part of everyday driving needs to go back to drivers ed.

[@Gerald-c6v]

Electric car is great as a in town short drives and have a 2nd car that’s a hybrid for the long trips . We have a plug in hybrid and a just a hybrid

[@KingLutherQ]

I loved my Model 3 when I first got it. But after I got a Model Y, it's even better.

[@jeremeyfinn3031]

Cadillac lyriq if he leaves Tesla. We need a review of the lyriq Gjeebs (not your grandpapis Caddy)!

[@gonzorvf]

Another important factor on lease cost is insurance. The times I’ve leased they require a very high limit insurance so it ends up costing 50-70% more than insuring a regular financed car, that’s when I understood it was better to buy because the payment + insurance when financing was almost the same as the lower payment when leasing + more expensive insurance.

[@Skyking6976]

AND yet we’ve have a BMW i3 EV leased for coming up on the end of a 3 year lease with insurance being the same as our leased Lexus NX so….🤔

[@rsfpc05]

I’ve leased and financed cars and never once was my insurance lacking. Wonder if it’s a regional thing

[@my_RS4]

New Model 3 Performance doggie!

[@daveleephoto]

Honda Prologue EV lease is a bargain at $399 per month. Wonderful cars.

[@James-cq9dp]

get another tesla. just buy one new and hold on to it for 8 years.. it will be cheaper than a lease

[@Mattmanaz79]

I’m not a financial expert, but I did stay at a holiday in express last night. This video makes me scratch my head. Why is he leasing? 18k miles in 3 years? Paying thousands of dollars per year and nothing to show for it except an empty wallet? Leasing is almost never the answer. Also he loves the Tesla, but they road trip in his wife’s hybrid? I’m not sure where he’s road tripping to, but there is a decent chance that there are chargers along the way, and at his destination. Why would you road trip in anything else besides a Tesla? Gjeebs, I like your videos a lot most of the time, but this one is maybe the worst one you have done. Sends the wrong message IMHO. Stay classy my friend, and if you ever do a meet up in phx metro, I’ll see you there.

[@Mahnaymisjay]

Stay away from hyandai Kia evs. They have ac charging issues. They don’t have an official fix for the issue yet. They just throttle charging speeds to 5kw to keep on board charging from overheating.

[@butterfly-nikeonlinestore2980]

My ev6 is way better than my model 3 has 350miles range base model and has way better interior features than my 2022 model 3. Kia ev6 and ev9 🫡💯

[@Mahnaymisjay]

@@butterfly-nikeonlinestore2980 range don’t matter if it can’t charge properly . This a known issue that Kia/Hyundai has not fixed yet.

[@aramcobratusa8963]

You drive so little per month. Buy a used EV, pay it off, then put the old monthly payments into your retirement, kids 529 college fund, or extra principal payments on your mortgage. You won't recall the car but will enjoy financial security. IMHO

[@sarim4]

used tesla model 3's have crazy good deals rn

[@imdevotoo61]

I have a Tesla and Ionic-5 limited. I don't like the Ionic at all selling. Looks great software sucks accelation is spongy steering sucks, after having Tesla you won't like it hope that helps. Not a fan of Musk but, great engineer!

[@ejkrakowiak6905]

$.81 cents per mile to drive not including the electricity cost.

[@jimfergusondev]

Thanks for the video! Before offering advice on what's next, it's important to note that Teslas can last 10 to 15 years and easily cover hundreds of thousands of miles. So, why lease? For example, he could buy a used 2021 Tesla Model 3 with around 30k miles for $27k directly from Tesla’s website, and that even includes Full Self-Driving (FSD).

[@davidbergerson]

I have to differ about the long distance driving and the '3 day weekend' being bad with an EV. This guy has kids. His ability to drive straight for 3 hours without the kids or wife wanting to get out to get some food/use the restroom is not gonna happen. At the 3 hour mark, no matter what he is stopping. Plugging in to charge and then using the bathroom/getting food will probably get him from 20% to 70% of charge. In that ICE car, he would have the same issues, BUT have to allocate time to get to a gas station with no line and then the time to pump the gas. On a 3 day weekend trip, he may 'waste' 10 minutes with an EV compared to an ICE car. This goes to zero if they do not eat meals in the car. Think I am wrong? Hop in an ice car. As you pull into the gas station, turn a stopwatch on. Do what you would normally do, and as you leave, turn the stopwatch off. It actually is a lot longer than you think.

[@ChitFromChinola]

And, kids love Teslas. The 30 minute re-charge time is actually a relief. Give the kids 5 bucks and tell them to be back in 30 minutes. They love it. And for Dad, a guilt-fee 30 minutes. Dig it.

[@MechayaAlta]

For a second around town runabout, a lease return Bolt or Leaf can’t be beat for less than $20 K. Depreciation on these cars is terrible for the first owners. We live in the Pacnw, and have a Leaf for town use and an Outback for road trips.

[@igloozoo3771]

Most people who got used to driving a Model 3 will have a hard time driving a Leaf or a Bolt. His kids will wonder if he got a demotion at work.

[@CHITECHDUDE]

When your guest said the Hyundai ionic practically given away, I looked it up out of curiosity to see. Those things brand new are $46k with 260 mile range. A Tesla model 3 SR+ new is $38,990 with 272 mile range. Unless it’s an area difference, not sure but I would totally stick with Tesla hands down!

[@johnlabernik4599]

He’s referring to lease prices

[@zahf6484]

Not with the lease cash and buyout. Research better. I’ve seen ioniq 6 prices come down to 31k with the lease special baked in.

[@Plague_Rat778]

If you want a more apples to apples comparison... compare the Ioniq 6 SE long-range MSRP $42k. RWD you get 361miles, AWD gets 316.

[@daniyalabbasi333]

I know someone who has an old 2018-19 ionic. She has over 120kmiles and her battery degradation is 3%. So now it’s a competitive market but tesla would be a no brainer especially with the supercharging network they have, Frequent software updates so the car never feels old. I would say that programming on a tesla is 10/10 as compared to other ev’s but good luck.

[@igloozoo3771]

Tesla Model 3 RW LR 360 mile range that was released in July 2024 is $35K after $7500 incentive rebate. Around $40K total with tax and fees and 1.99 financing until Sept 31. I picked one up last week.

[@rubenalvarado3951]

unable to find the Rivian deal that was described. I checked California zip code and phoenix zip code with no luck

[@benjiebarker]

it's bidenomics...would want to see what other companies handle lease returns now

[@Plague_Rat778]

I'll lease an Ioniq 6 until the R2 or R3 come out (yes, I know the R3 won't be coming until like 2028 the earliest)

[@karimnuri2533]

I just leased a base 2024 M3 RWD with $4,000 due at signing and a $380 monthly payment. That's $17,680 after 3 years + disposition cost and potential dings. Financing it for 72 months is about double the lease price with the same due at signing. Since tech advances fast and in 3-6 years Tesla's cars will improve drastically, you can safely assume their cars will depreciate about $15-17k by the end of the lease term. If you lease, you are essentially paying what you would lose in depreciation if you had chosen to finance or buy the car. You can also expect Tesla to slash prices over time, as they have done many times, to make their cars more affordable. Leasing is definitely the way to go at the moment, unless you want to 'own' the car.

[@z28style23]

im returning my performance 3 thursday to pick up the new performance 3. previously leased all Mercedes and if you get another Mercedes they would waive mileage penalty. tesla says can not help with the mileage penalty but can wait return fee and last 2 payments.

[@briang896]

Did you have Tint to remove? I’m wondering if they make you remove it before turning in.

[@pdboomin2]

@@briang896yes they charge for tint removal

[@Selimnai]

Stay with the Tesla. The software difference is emense, between a Tesla and and other BEVs.

[@aaronwest4923]

Check out the EV9!!

[@MrJSpicoli]

They should spend some money on TRT

[@laloajuria4678]

does he have an aryan fist on the left arm?!?!?!?!

[@TagetesAlkesta]

Nah, that looks more like the raised fist symbol that’s used by the Black Lives Matter movement.

[@igorsantiago2163]

Mustang Mach E. Lots of deals now including on NEW 2023 models sitting on the lot if available in your area. Take a look at it.

[@carlmorgan8452]

Not leasing nor buying EV junk

[@bt6875]

Tesla is the best ev and it is an American company.

[@Ems00837]

Stop pissing away your money just buy it

[@Note7creole]

Elon spanks the leaser, he'll teach you next time to just buy it.

[@richardcoughlin8931]

Check the trade in (depreciation), it may be the same or more than the total lease cost. Some prefer to have a newer car that’s still under warranty. Others plan to drive it for 10 years or more. Don’t assume that your preferences are the same as everyone else’s.

[@richardcoughlin8931]

In my limited experience with leases small dings are considered normal wear and tear and don’t result in extra charge charges. I would say that the charge for refinishing the wheels is appropriate but those little dings in the bumper should not have resulted in any . In addition, doing the inspection by having people send in photos is just lazy service. For end of lease inspections, I’ve had the opportunity to talk over the inspection with an actual person. What a concept.

[@440-6Pack]

That’s not tire scrapes. It’s wheel scrapes. 2 different things.

[@Gjeebs]

It's curb rash thanks for the update

[@Bmeri3]

The Tesla has a significant amount of wear for only 18,000 miles IMO

[@1pt21gw]

Woah… Not sure I would have leased a tesla if I knew they would be this picky when you turn it in… Is it true they’ll make you take window tint off if you had it done?

[@Skyking6976]

Probably…you CAN’T modify a leased car. Think of a leased car as a rental. Care are depreciating assets anyway. Just drive the thing 2-3 years and get a brand new one. Let someone else pay for repairs, depreciation and battery degradation.

[@BTinHD]

Can't help but notice the panel gaps on the headlights.

[@TheNJ54]

WHY is the sales tax so high at the start of the lease, it should only be based on the monthly charges, something is very wrong here!

[@rsfpc05]

State tax differences. Feel bad for those in states that charge on full price

[@bitkahuna]

ioniq 5 is a great car. love mine.

[@dstylez1171]

If you cannot write the lease off as a business expense then you should buy...sound money advice

[@Skyking6976]

What the working class doesn’t realize is the wealth gap has grown exponentially since 2017…before that actually and there’s a large group…getting larger daily who don’t care brah. We’d rather have a new car every 2-3 years, NEVER pay for maintenance or worry about deprecation\battery degradation. Our BMW lease is up in a couple months. We charge in the garage to 100% as needed. Think we care what the battery condition is when it’s turned in?

[@dstylez1171]

@Skyking6976 brah...lol you and your 65plus philosophy will end under 10 years...2035

[@Skyking6976]

@@dstylez1171 OK…I’ll bite. What happens in 2035?

[@dstylez1171]

@@Skyking6976 change

[@johnnyquid-xj4kk]

Just buy the car.

[@Diego-oy6en]

Not EVs...

[@kennordsfan1494]

Tesla doesn’t allow you to buy out the car. Which every other manufacturer allows this buyout.

[@aswinhanagal4293]

Tesla lease can't be bought out anymore for cars bought after a certain date

[@Plague_Rat778]

​@@kennordsfan1494 I think he means to buy instead of lease, but ya

[@mike73ng]

Leasing can be better especially in a state with high sales tax. If you can negotiate a low cap cost and get a low interest rate, it’s a sweet deal.

[@silviabrown3013]

So 22k for 18 k miles

[@Supernatural4us]

why would you complain about repair costs on the vehicle YOU caused? If you would be the buyer of this used vehicle you would argue and have the damage taken care of. Who else do you want to pay for the damage you cased? Tesla, really?

[@maxvel7157]

Lol 18,000 miles in three years and payed over 20k. That's a bad financial decision. Not to mention the high cost of insurance on Tesla's. Should've just financed it and kept it until the wheels fall off.

[@michaelblack8265]

Exactly buy a car and keep for over 10 years and get your money worth

[@sonovabeach]

If you're using the vehicle for business, you can write that off as an expense.

[@maxvel7157]

@@sonovabeach Thanks H&R Block, wasn't aware of that. You still have to earn that amount to be able to make the payments and write offs are just there to lower your tax bill. Not like you're going to get all that returned to you.

[@sonovabeach]

@@maxvel7157 Roger. I'm guessing there is a reason leasing exists though. Businesses use it frequently. There must be a monetary reason or businesses would not use it.

[@iwannacutube]

In my experience it's not a good thing to buy EVs because of the horrendous value deterioration so a lease is better to have. Now, each to their own but, you have to be insane to pay that much for ANY car!

[@Art-k8p]

Just bought a used Tesla from Tesla which comes with a extended warranty after the original runs out. The purchase price was about the same as the open market.

[@lotusjp]

As you said Jeeps Tesla 10 out of 10 so there's no dilemma on what to do get rid of the lease car and the prices of Teslas are awesome right now get a model y and you're set family perfect their peanuts they're all selling for under $30,000 like a couple of years old leasing doesn't make any sense you have to watch the mileage blah blah all this and you can't buy it out that's the other one especially as you said with Tesla which is not great they want to make the money.... And they don't care about you what you invested in the car obviously! Buy a used one 10 out of 10 definitely

[@BK-tx2vw]

Tesla does not fix those minor problems, they just sell it, don’t even clean it. That is a flat rip off. That is not cool. I just bought a M3 from Tesla 2021 and it had almost the same damage on it and they didn’t fix it. Unlike other car, manufactures and dealerships their cars are never seen until it’s sold. And the buyer is going to loose order fee and transport fee, us it was $1500.00. Beware buying used from Tesla, can’t see it before u spend money that u won’t get back if you don’t buy it.

[@BrandonToy1]

Elon crazy

[@fredsalter1915]

looks like you shared the same shorts

[@amirkalil]

So this was shot in May? Those Rivian deals ended in May. There's a new one now but no more Model year discount which were random by VIN anyway and could be anything between $1k off to $7k off. But it's just $6k off on Large pack R1Ts now. So not as good anymore. The example you gave was from a tax up front state and seems like they even charge tax on the full MSRP and not just the amount you're financing for the lease. States who do it that way are a minority but also it's taxes so it must be paid. Most other states it's like $3k up front for fees and first month and then you pay taxes monthly on your monthly payment like for example 7% on the $488. It's also 35 monthly payments as your up front costs already included the first month payment. Your calculation was for 37 months. I was able to snag an R1T in May and my total lease cost was $5k cheaper than the example you gave.

[@charliewilliams1474]

$666 a month is what the real cost is on the R1 Jeebs references. Yes your only paying 24k but you divide that by 36 months and that is your true monthly payment. You just put a large down-payment is all.

[@erickessler6094]

This week I drove the new Model 3 Highland. Assuming he is focused on a new car, and UNLESS your buddy needs an SUV or Truck... he has only 1 economic choice: the Model 3 Highland! If he needs an SUV for Family and Road Trips, the Model Y is the One to Get! If he does reform his opinion to not drive the car on road trips, then AWD is great, otherwise as a local Phoenix commuter ONLY the RWD version would be stunning. I've owned a Model Y LR for 52k miles over 2yrs-4mo as our primary car for all vacations and long road trips ... so I most certainly do not agree with the idea that they don't make gr8 road trip cars ... as long as it is a Tesla branded car, give availability of Super Chargers.

[@marpua]

Who on earth puts down $6K on a lease? $0 or GTFO. Also no mention of your awful money factor pushing 9%

[@A1R4RC1]

Tesla will be bringing back Buyout again in the future. Trying to shame folks for getting what their pockets can’t afford is krazzy !

[@shallenberger57]

Guess it would be a good idea to read that contract you signed when you leased the car, it clearly states the buy out and damage fees. Sounds like senseless whining....

[@egs2169]

Why is this guy leasing cars when he drives 6,000 miles per year? Just get an inexpensive used car for cash.

[@nestormachado9414]

My dad just traded in his Chevy Traverse for the new Chevy Equinox EV (leased it). Wanted a Model Y but the lease prices were still high. Tesla wanted $3K down for only 10K miles per year. Got the Equinox EV for 0 down and lower monthly payment than the Y. Dare I say that the Equinox EV has some better features than Tesla.

[@madmotorcyclist]

Never liked leasing. I've keep my vehicles on average over 15 years. My present vehicle a Nissan Leaf is now 13 years old (still on the original battery). Problem with the Korean vehicles are that they are easy to steal (the insurance will eat you alive).

[@greyroom6730]

I'd probably just stick with Tesla...not sure about the logic behind leasing a car. I guess it depends on each person...

[@ksandhoff1]

I like my 2001 Honda Insight, Paid $4,000 for stick shift with AC has 200,000 miles, gets 50 MPG average, yeah it is a funcky look but WTF IT IS 4 wheels and a motor!! why would I pay $1,000 a month for RIVAN P O S. People are STUPID!!