Leasing work vehicles is great. Really simplifies accounting.
bp
<part15sbs{at}gmail{dot}com>
On 3/21/2015 9:10 AM, Josh Reynolds wrote:
Who is leasing vehicles in 2015? Wasn't this a proven bad idea
mathematically as soon as vehicle leasing became "a thing"?
On March 21, 2015 7:54:38 AM AKDT, Travis Johnson <[email protected]> wrote:
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
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