Bad if you actually drive it anywhere. Good if you want to look like you can afford more than you really can. ;-)
----- Mike Hammett Intelligent Computing Solutions http://www.ics-il.com ----- Original Message ----- From: "Josh Luthman" <[email protected]> To: [email protected] Sent: Saturday, March 21, 2015 11:11:41 AM Subject: Re: [AFMUG] Tesla Good if you want a new car every (lease term). Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Sat, Mar 21, 2015 at 12:10 PM, Josh Reynolds < [email protected] > 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: <blockquote> 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 -- Sent from my Android device with K-9 Mail. Please excuse my brevity. </blockquote>
