Lease or Buy a Tesla Model Y in January 2025? Full Breakdown + New Buyout Option!

[@RaviWadan]

I offer 1 on 1 car buying and car lease coaching and have helped hundreds of people save money (often thousands). Schedule a call with me if you need help negotiating a car deal, need help with a lease buyout, need help negotiating a discount with a dealer, need help with a trade-in, literally anything! Link to book a call is in the description - A 30 minute call could save you thousands of dollars :)

[@jhendex]

loved this video. i rarely comment but this was amazing. Thank you for the breakdown

[@RaviWadan]

@@jhendex thank you and happy to help!

[@nabeelmasood892]

Do you expect the current model y prices will drop significantly once the juniper comes out to get rid of inventory.

[@diegofranco9668]

I’m honestly all confused on which model to get. Should I wait for the Juniper and see what incentives it brings or take advantage of this lease and just order one?

[@RaviWadan]

It's a tough question to answer. 1) we don't know what pricing is going to be on the Juniper, I doubt it will be as attractive as the current Model Y. 2) We don't know how long the $7,500 tax credit is going to last. So if you wait for the Juniper it might be priced higher and you could potentially miss out on the federal tax credit.

[@diegofranco9668]

@ I see there is a great deal right now. Should I just take advantage of the deal right now or wait until the deals get even better when Juniper comes out?

[@franciscorodriguez8841]

I work from home, my wife works 7.5 miles away, we only have 1 car, but kids are going different schools, definitely need a 2nd car, thinking leasing this same model for the wife to go to work, and ill use the other car for school pickup, am i wrong going lease route? End 3 yrs i can trade in for equity or buy out. This will be definitely will be a local driver for work only, so would have very low miles end of 3 yrs.

[@mrlang125]

Wow just what i was looking for thank you for this! Its crazy what the real actual price is once u break things down.

[@vifquain6012]

Should you take out the $7500 tax credit on the MSRP to run your lease calculator?

[@RaviWadan]

No you don’t want to do that. You want to use msrp.

[@9714]

⁠@@RaviWadanyou should have included taxes and fees when computing cash amount. Because you included taxes and fees when computing monthly payment

[@MrDmpizzzle]

@RaviWadan can you comment on this? Should you include taxes and fees when computing cash amount?

[@travellingslim]

It should be common sense but still probably worth mentioning one of the biggest factors to consider when leasing is your driving habits. 10k miles a year can go quick. 10,000 / 12 months / 20 workdays a month means you have 41 miles a day to commute (if you commute to work), and less per day if you want to go out on the weekends, evenings, or take the occasional road trip. Oh, and of course the other thing being you have to give the car up after X months. Nice that Tesla is now offering a buyout option though.

[@RaviWadan]

Yeah, it's important to know your driving habits. And you can always get a 12,000 or 15,000 mile a year lease if you need it for a slightly higher payment.

[@C7SuperFly]

What if select 10,000, and i drive over the 10,000 miles but i end up purchasing the vehicle, do i still have to pay the excessive miles at buy out?

[@The50d]

I dont think so… since the buy out price is set, and youre buying it at the buy out price. With the higher mileage the car you would be buying is worth less (so you do pay for it already)

[@C7SuperFly]

Is this a screaming deal for the 1.25% rule??? in colorado, lease calculation - 1938 taxes - 316 (monthly payment with 10k miles, $0 down, 36 mon) = 1622 / 36 = 45.056 + 316.056/44,990 = 0.008 x 100% = 0.803. What do you think??

[@nevecooke]

Lease query - I booked a MY RWD on 30Dec and picked it up on 31Dec. The preview calculations were showing 285/month but after adding title taxes and everything and doing 4500 down (2999 + misc fees and tax); now I'm paying 333/month. Do you think this is appropriate? or Should I have got it at the 285/month price shown earlier? I did not had much time to decide so I went with it. but generally asking so that I'm more aware the next time. Tesla Sales team dodged this question with the money factor caveat. My credit score is 770+ for ref.

[@8rysonn]

So basically it costs way more than I thought. Nice !

[@RaviWadan]

@@8rysonn haha I guess 🤷🏽‍♂️

[@tarheels2953]

Do you think Trump will immediately ax the national tax credit?

[@RaviWadan]

That's a really interesting question. My gut feeling is that the EV tax credit will go away soon - But you never know! Especially with Elon having such an important role in this administration.

[@jamiu22]

​@@RaviWadan the latest $7500 ev credit was passed through legislation under the inflation reduction ACT - so Trumo can't get rid of it via an executive order - it has to be done through legislation (earliest is Sep/Oct during budget negotiations - with promise to ratify prior legislative acts - and even then it takes time to be come a new law), so while I believe republicans will eventually get rid of it, it will simply take time - at least a year.

[@ARBets23]

good breakdown butter chicken