Thanks for this video bro nobody online ever break this down. Cause that’s the only thing I wasn’t sure about, the website makes it seem to good to be true but later you really have to pay a lil more than what it says. They need to fix that so you know how much you need to come outta pocket and not have to worry about it the price increasing last minute. Keep up the good work bro
Thank you very much! When I order my M3 in a few months, I will be sure to use your referral code since your information was so valuable to me. Thanks again.
Good info! If anyone was wondering what it would be on a white on white model 3 performance with standard autopilot. Mine was $6500 out the door and $703 a month which included Washington state taxes.
The value you’re using from the car is the difference between the amount financed and the residual. Payments total ~19,000 and the value used is ~12,300. That means you’re paying an additional 6,700 for the car beyond the value you’re using during the rental period. Walked away from a Honda Ridgeline lease because they had similarly decent looking numbers and inflated the residual as well.
finally a video I needed. I'm thinking about getting the Tesla 3 later this year god willing. . how was your credit when you lease the car? I don't wanna give them more than 2500. down including the first months payment
When you go and pick up the car and sign the final paper work. For me the total was $6,090.39 at that time of pickup. If you end up buying or leasing one, please use my referral code for us both to get 1,000 free charger miles: ts.la/dean14791. thanks!
@@DeanosCarsGuitarsAndTechTesla is now passing the $7500 to u now. I have a question for you because I want to lease a Tesla which will be my 1st lease and 1st Tesla. When u give the car back do they count every little nick and scratch? , do they give u a discount or credit if u buy or lease another Tesla @ the end?, do the standard model 3 range get close to the 272 or no?
yeah, in Massachusetts they rolled the $7,500 tax credit and $3,500 state rebate into my down payment which brought the monthly lease payment down significantly. I initially wanted the $3,500 to go to me but when i found out they would add over 20% interest for me to spread that out over the 36 months of the lease i decided to have them just take the rebate themselves and reduce my monthly payment.
Are you planning on leasing again and are you planning to get the long range again? Did you get the tax deduction? It cost you around $670.0 each month to lease this car when I added down and tax and paper work cost.
yes i've ordered the new model 3 highland refresh long range and i'm planning on leasing. putting $2,500 down for 36 month lease. payments with sales tax will be same as i have now, $545 per month. total due at pickup about $4k.
@@DeanosCarsGuitarsAndTechI normally just buy new Honda Civic every few years. But they wanted $38,000 for the civic touring out the door. I really appreciate your detailed breakdown.
great content thank you for the info, however I can't find anything online or their website -- I wanna know if one needs to employed in order to be able to Lease a Tesla ?
To qualify for a lease they will do a credit check and they usually verify income, but you may be able to use a bank statement. so as long as you have enough cash to cover all your payments, that may be sufficient, for instance, self-employed, retired or wealthy people sometimes don’t have paychecks. Here’s some other information that might help that’s general. In order to buy or lease a car, there needs to be some evidence that you can afford to make the monthly payments. Proof of income can come in the form of a bank statement or paycheck stub.
I was told by the Tesla agent it was non-negotiable. At the time, he told me the interest rates vary based off of trim/model of the cars, and are fixed rates. So the Model 3 was 5.25% and the Model Y was 4.85% and they are the same for any lease length or terms. But go ahead and try to negotiate it down if you can. Let me know if it works.
That’s the problem with lease as opposed to finance, your credit score won’t get you a very substantial difference when leasing. My credit was really bad and my friend’s was great we both leased model 3 and my monthly payments were only 80$ higher than his and I put an extra 2k$ down compared to him.
Why did you lease even though Tesla won't let you buyback the car at the end? Wouldn't it be smarter to finance and given the option to sell at 36 months would be more cost effective wouldn't it? I'm considering financing just wanted your perspective, thanks.
I agree that without the buyout at the end of the lease it makes leasing a tesla not a very smart financial move. However, I like to get a new car every 3 years and I just accept I will always have a car payment. This way I get a new car with the latest technology every 3 years that are always under warranty, instead of buying a depreciating asset with a much higher payment. I also hate reselling cars and I don't put a lot of miles on them so leasing makes sense for me. But it's a personal preference.
Also, I've heard that If you are self-employed, one of the tax benefits of leasing a car for business is that the IRS allows you to deduct your lease payments, typically in full. If you also use the car for personal reasons, you must prorate your lease payments based on the percentage driven for business reasons. But please do your own research to make sure that it is true.
have a question: who pays for the car insurance and you or tesla, the rates of the very vehicle that pays, the license plates. I would like to have an answer if you can I thank you
Yes even with a lease you pay for your own car insurance and your rate will depend on a few factors like your driving record, your location, if you garage the car and what insurance carrier you choose. I use progressive because they were the cheapest one I found but you should know teslas are expensive to insure.
Not sure of the proof of income but they will do a credit check with the lease application. All car dealers will do that. Also if you finance through them they will do a credit check.
For me, it was $356.79 for up front sales tax, which I thought was based on my $4,500 down payment. However if you do that math, 6.25% (Mass sales tax) * $4,500 = $281.25. So I'm not sure what the remaining $75.54 represents. If they included the first months payment along with my down payment, then I paid double sales tax which I'm not happy about!
@@DeanosCarsGuitarsAndTech I asked the Tesla sales guy and I can't get an answer. Seems like some double taxing going on; there really should not be any upfront tax if the tax is in your payment.
![Natanael Cano - Amor Eterno [Official Video]](http://i.ytimg.com/vi/EO4prCs6WpM/mqdefault.jpg)
First video to actual tell me the information I was looking for. Thank you!!!
Thanks for this video bro nobody online ever break this down. Cause that’s the only thing I wasn’t sure about, the website makes it seem to good to be true but later you really have to pay a lil more than what it says. They need to fix that so you know how much you need to come outta pocket and not have to worry about it the price increasing last minute. Keep up the good work bro
Thank you very much! When I order my M3 in a few months, I will be sure to use your referral code since your information was so valuable to me. Thanks again.
Thanks!
those beamers are nice 😆
Great video. Providing information not widely known.
Good info! If anyone was wondering what it would be on a white on white model 3 performance with standard autopilot. Mine was $6500 out the door and $703 a month which included Washington state taxes.
The auto industry is next to get cussed out. They are ringing us out with these prices and payments. Ridiculous
Thank you this was useful
The value you’re using from the car is the difference between the amount financed and the residual. Payments total ~19,000 and the value used is ~12,300. That means you’re paying an additional 6,700 for the car beyond the value you’re using during the rental period. Walked away from a Honda Ridgeline lease because they had similarly decent looking numbers and inflated the residual as well.
Real useful. Thanks!
Is this what is happening to others as well? If you’ve heard.
Thanks for the recap. Bummer that nothing is negotiable.
finally a video I needed. I'm thinking about getting the Tesla 3 later this year god willing. . how was your credit when you lease the car? I don't wanna give them more than 2500. down including the first months payment
Good luck. Even with excelent credit you will put down about $5k
Thank you for this video!! Do you pay the down payment when you’re going to pick up the car or at the time of ordering the car?
When you go and pick up the car and sign the final paper work. For me the total was $6,090.39 at that time of pickup. If you end up buying or leasing one, please use my referral code for us both to get 1,000 free charger miles: ts.la/dean14791. thanks!
Fallowing for referral
its not that bad, looks like you jsut add 9%, or sales tax to make up the difference
Anyone planning to lease, pls note you are paying extra 7500 USD for your lease as tesla is keeping the federal credit.
i thought they were passing that credit to the buyer/lessee which so it's reflected in the lower lease price.
@@DeanosCarsGuitarsAndTechTesla is now passing the $7500 to u now. I have a question for you because I want to lease a Tesla which will be my 1st lease and 1st Tesla. When u give the car back do they count every little nick and scratch? , do they give u a discount or credit if u buy or lease another Tesla @ the end?, do the standard model 3 range get close to the 272 or no?
In Colorado I get 7,500 plus 5000 off for leasing the highland model 3 is this a good deal?
yeah, in Massachusetts they rolled the $7,500 tax credit and $3,500 state rebate into my down payment which brought the monthly lease payment down significantly. I initially wanted the $3,500 to go to me but when i found out they would add over 20% interest for me to spread that out over the 36 months of the lease i decided to have them just take the rebate themselves and reduce my monthly payment.
Are you planning on leasing again and are you planning to get the long range again? Did you get the tax deduction? It cost you around $670.0 each month to lease this car when I added down and tax and paper work cost.
yes i've ordered the new model 3 highland refresh long range and i'm planning on leasing. putting $2,500 down for 36 month lease. payments with sales tax will be same as i have now, $545 per month. total due at pickup about $4k.
@@DeanosCarsGuitarsAndTechI normally just buy new Honda Civic every few years. But they wanted $38,000 for the civic touring out the door. I really appreciate your detailed breakdown.
great content thank you for the info, however I can't find anything online or their website -- I wanna know if one needs to employed in order to be able to Lease a Tesla ?
To qualify for a lease they will do a credit check and they usually verify income, but you may be able to use a bank statement. so as long as you have enough cash to cover all your payments, that may be sufficient, for instance, self-employed, retired or wealthy people sometimes don’t have paychecks. Here’s some other information that might help that’s general. In order to buy or lease a car, there needs to be some evidence that you can afford to make the monthly payments. Proof of income can come in the form of a bank statement or paycheck stub.
Great info... how can I find out what the lease interest will be? Is it disclosed after credit check? 5% is too high.
I was told by the Tesla agent it was non-negotiable. At the time, he told me the interest rates vary based off of trim/model of the cars, and are fixed rates. So the Model 3 was 5.25% and the Model Y was 4.85% and they are the same for any lease length or terms. But go ahead and try to negotiate it down if you can. Let me know if it works.
But what I don’t get is even if they run your credit, the monthly payments won’t change even if you have a 750 plus credit??
That’s the problem with lease as opposed to finance, your credit score won’t get you a very substantial difference when leasing. My credit was really bad and my friend’s was great we both leased model 3 and my monthly payments were only 80$ higher than his and I put an extra 2k$ down compared to him.
Why did you lease even though Tesla won't let you buyback the car at the end? Wouldn't it be smarter to finance and given the option to sell at 36 months would be more cost effective wouldn't it? I'm considering financing just wanted your perspective, thanks.
I agree that without the buyout at the end of the lease it makes leasing a tesla not a very smart financial move. However, I like to get a new car every 3 years and I just accept I will always have a car payment. This way I get a new car with the latest technology every 3 years that are always under warranty, instead of buying a depreciating asset with a much higher payment. I also hate reselling cars and I don't put a lot of miles on them so leasing makes sense for me. But it's a personal preference.
Also, I've heard that If you are self-employed, one of the tax benefits of leasing a car for business is that the IRS allows you to deduct your lease payments, typically in full. If you also use the car for personal reasons, you must prorate your lease payments based on the percentage driven for business reasons. But please do your own research to make sure that it is true.
Hi, did the $545 included the monthly sale tax? Thanks.
yes
have a question: who pays for the car insurance and you or tesla, the rates of the very vehicle that pays, the license plates.
I would like to have an answer if you can I thank you
You pay for insurance
Yes even with a lease you pay for your own car insurance and your rate will depend on a few factors like your driving record, your location, if you garage the car and what insurance carrier you choose. I use progressive because they were the cheapest one I found but you should know teslas are expensive to insure.
@@DeanosCarsGuitarsAndTech how much you would it cost in Ga to insure?
it added an additional 11k for myp after website price not to mention interest charges just add 14 - 15 thousand chump change 😆
Hey do you know if you need proof of income for leasing a tesla?
Not sure of the proof of income but they will do a credit check with the lease application. All car dealers will do that. Also if you finance through them they will do a credit check.
Good info, hard to see the info while viewing on a mobile device though.
Looking at a lease as well; What is the upfront tax? Makes no sense since they put the tax in the monthly payment.
For me, it was $356.79 for up front sales tax, which I thought was based on my $4,500 down payment. However if you do that math, 6.25% (Mass sales tax) * $4,500 = $281.25. So I'm not sure what the remaining $75.54 represents. If they included the first months payment along with my down payment, then I paid double sales tax which I'm not happy about!
@@DeanosCarsGuitarsAndTech I asked the Tesla sales guy and I can't get an answer. Seems like some double taxing going on; there really should not be any upfront tax if the tax is in your payment.
thank you very much, it's very informative