Nice breakdown Ravi. In previous Tesla videos, you didn't account for the destination fee, the disposition fee, and the up front tax. This explains why the value seems to be worse now. Also, would it make more sense for people who qualify for the $7,500 tax credit to deduct this from the MSRP for the 1.25% rule? This would allow a fair comparison as the tax credit is included in leases
Even with accounting for those things, the lease deal is worse now. I'm not sure what is attributing to this, but it must be due to a lower residual value or higher money factor, or a mix of both. As far as your msrp question, rebates and tax credits change the selling price of the vehicle, not the msrp. For that reason, I would not deduct it when running the 1.25% rule. Great questions and thanks for watching the videos!
Nice, good video. One non-monetary item to consider is FSD transfers. Tesla wouldn't honor FSD transfers on LEASEs, but would on BUYs. For someone like me who paid $10K ish for FSD back in 2018, thats a game changer. I have to BUY a Model Y when the time comes :) Keep up the good work, Ravi. Cheers!
@@RaviWadan thanks for that.. I was test driving model y performance awd today and I thought that was what the salesman said. Perhaps he was hoping for me to walk out today with a sale.. but I’m still doing my research and don’t want purchase on impulse thinking that I will miss out on a deal… he kinda made it seem like I needed to lock in before Oct 1 to take advantage of the 7500.🤷🏾♀️
You did that on all-wheel drive which had less residual % than the rear-wheel drive. With the latest price update, and buyout residual $ , as of 11/28/2024, APR 4.8%, real-wheel is 61.53% and all wheel is 50%. Rear wheel is a great config for lease. But if people want to get around the 7500$ income limit for finance , people could do lease first with 7500$ lease credit, then buy out.
Hello, great information Ravi. Can you answer the latest promotion for WA resident? Get Up to $16,500 off Your New Tesla Take advantage of up to $16,500 in Washington state and federal incentives* at point-of-sale for new Tesla vehicles. Up to $9,000 Off When you lease a Tesla vehicle. Or purchase a new Tesla vehicle purchase through the Washington EV Instant Rebate Program to get $5,000 while funds last. Income-eligible residents only. Prior completion of eligibility form required to apply incentive to order. $7,500 Off At delivery with the federal tax credit when you purchase or finance a new qualifying vehicle for eligible customers. Plus No Sales Tax On the first $15,000 of your purchase or lease of a qualified vehicle at delivery with the Retail Sales Use Tax Exemption for Washington residents.
The lease today is WAY less, updated video??
facts need the updated video asap
What’s the lease now?
On your lease calculation, why are taxes and fees not included on the "Cash" side, but you include it on the "Lease" side?
Im looking at the calculator in California, the lease for model Y says 290$ with 1000$ down
wow - broke it down nicely. thank you.. do you have similar video for RIVIAN?
Thank you very much! I did a video on Rivian a few months ago, but I think it's time for a new one!
Nice breakdown Ravi. In previous Tesla videos, you didn't account for the destination fee, the disposition fee, and the up front tax. This explains why the value seems to be worse now.
Also, would it make more sense for people who qualify for the $7,500 tax credit to deduct this from the MSRP for the 1.25% rule? This would allow a fair comparison as the tax credit is included in leases
Even with accounting for those things, the lease deal is worse now. I'm not sure what is attributing to this, but it must be due to a lower residual value or higher money factor, or a mix of both. As far as your msrp question, rebates and tax credits change the selling price of the vehicle, not the msrp. For that reason, I would not deduct it when running the 1.25% rule. Great questions and thanks for watching the videos!
What’s ur take on the likely end of the 7500 being eliminated. Do u think used prices would rise bc of it? 🙏
Hi Ravi, is $299 lease deal makes more sense than buying? Thx
Nice, good video. One non-monetary item to consider is FSD transfers. Tesla wouldn't honor FSD transfers on LEASEs, but would on BUYs.
For someone like me who paid $10K ish for FSD back in 2018, thats a game changer. I have to BUY a Model Y when the time comes :)
Keep up the good work, Ravi. Cheers!
This is a great point and is some thing I should mention in videos going forward. Thank you!
Thanks for the video. Is that 7500 credit, on leases, only good through Sep 30th
@@carriecarrie7975 no it’s good through the end of the year at least.
@@RaviWadan thanks for that.. I was test driving model y performance awd today and I thought that was what the salesman said. Perhaps he was hoping for me to walk out today with a sale.. but I’m still doing my research and don’t want purchase on impulse thinking that I will miss out on a deal… he kinda made it seem like I needed to lock in before Oct 1 to take advantage of the 7500.🤷🏾♀️
You did that on all-wheel drive which had less residual % than the rear-wheel drive. With the latest price update, and buyout residual $ , as of 11/28/2024, APR 4.8%, real-wheel is 61.53% and all wheel is 50%. Rear wheel is a great config for lease. But if people want to get around the 7500$ income limit for finance , people could do lease first with 7500$ lease credit, then buy out.
you can make 0$ down for Lease and for lease car you not getting 7500$ rebate
You are comparing 6 year finance to 3 year lease, what?!
I’m confused as to what you’re trying communicate.
What would you like him to compare? 3 years is usually the max for a lease. When people purchase, 5-6 years is pretty typical.
Don’t buy at all 😂
To each their own!
Hello, great information Ravi. Can you answer the latest promotion for WA resident?
Get Up to $16,500 off Your New Tesla
Take advantage of up to $16,500 in Washington state and federal incentives* at point-of-sale for new Tesla vehicles.
Up to $9,000 Off
When you lease a Tesla vehicle. Or purchase a new Tesla vehicle purchase through the Washington EV Instant Rebate Program to get $5,000 while funds last. Income-eligible residents only. Prior completion of eligibility form required to apply incentive to order.
$7,500 Off
At delivery with the federal tax credit when you purchase or finance a new qualifying vehicle for eligible customers.
Plus No Sales Tax
On the first $15,000 of your purchase or lease of a qualified vehicle at delivery with the Retail Sales Use Tax Exemption for Washington residents.