[AFMUG] Tesla

[Travis Johnson]

Hi,

Here is a question... if Tesla has such a great car and company (winning 
Consumer Reports car of the year, two years in a row), why is their 
lease rate so bad? Can they not find a leasing company that is confident 
in their cars?

36 month lease on a $115,420 car requires $7,141 down and is still 
$1,446 per month.  That's puts the residual close to 50% after 36 
months, which is extremely low. Chevy trucks are around 58%, and some 
cars like the Honda Accord are closer to 65%. I have done a BMW lease on 
a 535d (MSRP of $70,000) for 36 months with $0 down that was $670/month. 
That's close to 65% residual after 3 years.

It would seem people are not confident in the Tesla vehicles, which are 
"software upgradeable". I wonder what the issue is?

Travis