Putting money down on a lease is usually a bad decision, but putting money down on a lease that you have no option to buy at the end is an even worse decision.
Donedirtcheap7725
You can buy your Toyota at the end of the lease you can’t buy your Tesla. Total cost of ownership for the lease term is likely lower in the Toyota also. I’m pro EV but some of these articles are getting silly.
salmon_burrito
An ioniq5/Ioniq6 can be leased for even cheaper. Even with taxes and fees, it’s still cheaper than the Model 3 deal without tax/fees. And. Tesla doesn’t have lease buyout option, making it even less attractive. Even if someone doesn’t plan to buy out at lease end, having that option helps to keep many choices open.
perchance2cream
Well, one is a kind of ordinary nondescript sedan that’s a dime a dozen, and the other is a Camry.
tosil
Wake me up when the total cost including insurance is lower
zeek215
My zero down Model 3 lease is around ~$400/month. The idea of spending that much – or even a little less – on a Camry makes me laugh. I can’t see myself ever daily driving any ICE again, that ship has long since sailed.
Theoriginalwookie
A lease was the only way for me to get the tax credit, paying $380 a month before taxes on a brand new Model Y is crazy. A Corolla would cost more than
hatlesslincoln
A big reason why EV leasing is great is because the $7500 federal EV tax credit can be used as a free downpayment
PadishahSenator
This is appropriate for the quality of a model 3 versus a Camry. This is not a commentary on EV vs ICE.
ToriGrrl80
One will not fall apart
Peds12
Yea but leasing still dumb….
Steve-Wehr
With EV progress happening so fast, I think a lease is a good way to get an EV now, and get a better one in 3 years. I know Tesla will refresh the MY next year probably, but I needed one today so I leased. When the lease is up I can buy a juniper and keep it for several years.
EntertainedRUNot
What about a brand new, pre-owned Sonata?
SteelDingus
I’d still rather have the Camry.
TheBloodyNinety
As someone who leased a ‘23 (ex-loaner w/ 1500 miles) EQE 350 4Matic 36/12 $500/mo with $1500 DAS, I’d just suggest there might be legacy auto lease deals more attractive than this.
15 Comments
Putting money down on a lease is usually a bad decision, but putting money down on a lease that you have no option to buy at the end is an even worse decision.
You can buy your Toyota at the end of the lease you can’t buy your Tesla. Total cost of ownership for the lease term is likely lower in the Toyota also. I’m pro EV but some of these articles are getting silly.
An ioniq5/Ioniq6 can be leased for even cheaper. Even with taxes and fees, it’s still cheaper than the Model 3 deal without tax/fees. And. Tesla doesn’t have lease buyout option, making it even less attractive. Even if someone doesn’t plan to buy out at lease end, having that option helps to keep many choices open.
Well, one is a kind of ordinary nondescript sedan that’s a dime a dozen, and the other is a Camry.
Wake me up when the total cost including insurance is lower
My zero down Model 3 lease is around ~$400/month. The idea of spending that much – or even a little less – on a Camry makes me laugh. I can’t see myself ever daily driving any ICE again, that ship has long since sailed.
A lease was the only way for me to get the tax credit, paying $380 a month before taxes on a brand new Model Y is crazy. A Corolla would cost more than
A big reason why EV leasing is great is because the $7500 federal EV tax credit can be used as a free downpayment
This is appropriate for the quality of a model 3 versus a Camry. This is not a commentary on EV vs ICE.
One will not fall apart
Yea but leasing still dumb….
With EV progress happening so fast, I think a lease is a good way to get an EV now, and get a better one in 3 years. I know Tesla will refresh the MY next year probably, but I needed one today so I leased. When the lease is up I can buy a juniper and keep it for several years.
What about a brand new, pre-owned Sonata?
I’d still rather have the Camry.
As someone who leased a ‘23 (ex-loaner w/ 1500 miles) EQE 350 4Matic 36/12 $500/mo with $1500 DAS, I’d just suggest there might be legacy auto lease deals more attractive than this.