Would You Take A Chance And Lease A Tesla For $500 A Month?

About one week ago, Elon Musk promised to deliver some big news around Tesla Motors his all-electric vehicle company. He sort of did that on Tuesday afternoon, unveiling a new leasing program for Tesla’s Model S sedan.

The announcement underwhelmed the Tesla watchers who had predicted the company might pay down some part of its government loan, disclose a new funding round, or lay out an expansion of Tesla’s Supercharger network. Those in the market for a Model S, though, may find Musk’s offer tempting.

U.S. Bank and Wells Fargo will provide financing for people—with good credit—who make a 10 percent down payment on a Model S sedan. Tesla points out that federal and state tax credits offset much of that down payment and says people could, theoretically, end up paying $500 per month to drive a Tesla.

 

JRobUSC - 4/3/2013 2:17:28 PM

+5 Boost

it's not $500/mo, the actual payments are over $1000/mo, for 66 mos. Here's a better article that actually explains the "math" they used to come out with that "theoretical" $500 payment ("is your time worth $100/hr? Then you save $100/mo by not going to a gas station. You're also saving $xxx/mo not using gas, so subtract that from your payment").

http://www.wired.com/autopia/2013/04/tesla-model-s-lease/

I'd never lease any car for 66 mos, especially not for over $1000/mo.

JRobUSC - 4/3/2013 2:17:29 PM

+2 Boost

it's not $500/mo, the actual payments are over $1000/mo, for 66 mos. Here's a better article that actually explains the "math" they used to come out with that "theoretical" $500 payment ("is your time worth $100/hr? Then you save $100/mo by not going to a gas station. You're also saving $xxx/mo not using gas, so subtract that from your payment").

http://www.wired.com/autopia/2013/04/tesla-model-s-lease/

I'd never lease any car for 66 mos, especially not for over $1000/mo.

Henanamani1 - 4/3/2013 4:36:14 PM

+4 Boost

Not for the 60kWh. Maybe for the 85kWh Performance model. 36 months only *Plus they need more ev stations ( That can charge in under 30 mins)

iamdabest1 - 4/4/2013 7:57:27 AM

+1 Boost

id pay 1k a month with 0 out of pocket for 36 months for the 85kWh model ( i spend 500 a month in gas alone on my m3)
the only car i think id love to drive for 66 months would be an aventador and 458 italia..

atc98092 - 4/4/2013 8:17:57 AM

+1 Boost

I'm considering a move 1/2 way across the country, and once there I might not have a house for a few months. Without a solid, secure parking place, I think an EV is out of the question for a while. Maybe after everything is settled, but I'm more interested in the Model X.