Just make sure the lease is thru Tesla or Chase before accepting the agreement. If it is thru someone else I would give them a call to verify they are allowing buyouts. The Interest rate on a cybertruck lease is near 10% so its only a good option to get the rebate and then to refinance it.
Dennis on YT has posted lot if videos with screenshots of the app showing buyout but every Tesla salesperson and even finance department two times told me this is not allowed have you actually done this have not seen one single person on all of CTOC that has actually completed a lease buyout yet on cybertruck can anyone that's actually done this PLEASE chime in?
He didn't actually do a lease buyout himself he just posted screenshots from other people showing lease buyout screenshot in the Tesla app or lease buyout papers from chase not official confirmation of the final transaction not one person here has actually posted about actually completing a lease buyout ?
Unless you get a ripping lease payment (that might include applying the tax credit), the problem with leasing is that you have own nothing after the lease ends. With a purchase, even with EV depreciation being high, you still own an asset you can sell. Normally, at the end of the same number of payments as a lease end, with a loan your truck is going to be have less in remaining payments than its value if you sell it, so you can sell it for a bit of a cash in your pocket - or keep the truck. With a lease the money is just gone and you need a new vehicle.
for me, i’ve figured out that leasing an EV can be smart, especially with the $7,500 commercial EV credit under the IRA. most OEMs and leasing companies structure deals to pass some of that incentive along, either through lower upfront payments or adjusted residuals. i’d carefully check the lease initiation and disposition fees, because those can add up. now that most OEMs, including tesla, allow lease buyouts, i could test the vehicle, then buy it if it works for me - almost like getting the best of both worlds. personally, i’d also factor in savings on accessories or extra features, because the money saved upfront can go right back into customizing the EV.
Yep, same as buying outright but cheaper IF you have a business with a profit objective and an actual use for the vehicle.
100% correct except the loan part - paying the man for money is always a bad decision, will cause the borrower/lessee to have less money in the end. If you cannot afford to pay cash for a luxury, don't buy it. Using transportation capital to speculate on the equity market is also a losers game. Even the fund manager professionals consistently underperform. Individual investors rarely meet or beat the market. Que the "I bought my Tesla with TSLA gains" crowd An exception does not disprove the rule.
Caveat: unless you're Nancy Pelosi
No, it didn’t get him fired. It did get him noticed and he did leave not long after. Years later he has returned to SpaceX so he obviously wasn’t blacklisted.
