💰Leasing allows you to get a new vehicle every few years, giving you the latest technology and features.
🔒Financing gives you the freedom to own the car and potentially recoup some money by selling it later.
📉Leasing has upfront costs, including taxes and fees, which should be carefully considered.
💼Financing requires monthly loan payments and may have higher interest rates compared to leasing.
🔐Leasing does not offer the option to buy the car at the end of the lease term.
What are the upfront costs of leasing a Tesla?
—Upfront costs for leasing a Tesla include taxes, fees, and a down payment, which can be around $7,000 or more.
Can I buy the leased Tesla at the end of the lease term?
—No, Tesla does not offer the option to buy the leased car. It must be returned to Tesla.
What are the advantages of financing a Tesla?
—Financing allows you to own the car, potentially build equity, and have the option to sell it later.
Are there any tax benefits of leasing a Tesla?
—No, leasing a Tesla does not offer the opportunity to claim the federal tax credit.
Which option is better for me: leasing or financing?
—The choice between leasing and financing depends on your financial situation, preference for owning or upgrading vehicles, and willingness to deal with upfront costs.
00:00Leasing and financing a Tesla have different considerations and costs.
02:34Leasing allows you to get a new vehicle every few years, while financing gives you the option to own the car and potentially sell it later.
04:57Upfront costs for leasing a Tesla can be around $7,000 or more, including taxes, fees, and a down payment.
06:04Tesla does not offer the option to buy the leased car at the end of the lease term.
08:33Financing allows you to own the car and potentially build equity, but it involves monthly loan payments and higher interest rates.
