Apr 2, 2013
sflahert The Tesla site went off line about 5-10 minutes ago. Could this be the announcement?�
Apr 2, 2013
Cheerose That would be my guess...�
Apr 2, 2013
dsm363 Exciting. The new version of 'The Apple Store is Down'.�
Apr 2, 2013
ElSupreme Still a good bit early. I would think that they are trying to fix up all the 40kWh references.�
Apr 2, 2013
Babylonfive The whole thing is offline
�
Apr 2, 2013
Z1970 Tesla site down... Anouncement?
Ok, the site is down. What will the announcement be? At least it is Tesla related...�
Apr 2, 2013
R3dstang66 Dam! Right when i was just going to confirm my service plan.�
Apr 2, 2013
yobigd20 maybe it's a sign that you should save your money lol�
Apr 2, 2013
EarlyAdopter Here comes whatever Elon has had in store for us with this "big" Tuesday announcement...�
Apr 2, 2013
Z1970 the new Steve Jobs.... Website down mean new hardware
�
Apr 2, 2013
100thMonkey maybe, just mabye, the S has been pushed back for gen 3. whatever it is, it's got to be huge!! ... well, I do enjoy getting excited.�
Apr 2, 2013
ohh Prices released for the X?�
Apr 2, 2013
Z1970 Free floor mats with your Model S?�
Apr 2, 2013
Velo1 I saw the TM website down and came here to post and then I saw this thread. Can't wait for the big announcement and hope it isn't a letdown.�
Apr 2, 2013
dsm363 Not a Mac Pro though:smile: Maybe this really will be as big a deal as they are making it.�
Apr 2, 2013
Z1970 Tesla buys Fisker?�
Apr 2, 2013
dsm363 Probably not likely. Fisker doesn't really have anything to offer them. Won't have to wait too much longer to find out though.�
Apr 2, 2013
ElSupreme Wow I'll eat those words. Looks like Tesla will take down their site for ~2 hours. WOW! I am now thinking this really will be big.�
Apr 2, 2013
chicagotsla Tesla buying Teslaccesories?�
Apr 2, 2013
Z1970 Of course not, although it would really be big news�
Apr 2, 2013
Doug_G Odd. Why would changing a web site take two hours? You can have a whole new site on "hot standby" ready to swap in.�
Apr 2, 2013
dsm363 Is there a link to the webcast? the Investor Tesla page is now not loading too (lots of interest I guess).
Tesla - Investors Overview�
Apr 2, 2013
Kenne74 Relax folks they are just announcing my delivery date :biggrin:�
Apr 2, 2013
ElSupreme I am thinking the same thing. I think having the website down is hype. It worked for me.�
Apr 2, 2013
Citizen-T Tesla to make (correction Tuesday) - Page 49�
Apr 2, 2013
dsm363 Thanks. The Tesla - Investors Overview was working now I just think the server is overloaded I guess.�
Apr 2, 2013
Doug_G ir.teslamotors.com kinda comes up, but it's whacked. Presumably they'll fix it before the webcast...�
Apr 2, 2013
UMD86 Maybe the SPECS on the Model X?�
Apr 2, 2013
Z1970 So, another hour to go .... What would Elon do?�
Apr 2, 2013
jigish i find it interesting that the "website is down" page isn't the one that they normally put with the roadside assistance numbers and such.�
Apr 2, 2013
Z1970 They had that on 2 days ago. With the "robots are working on the website". Maybe Fisker took over Tesla then?�
Apr 2, 2013
palmer_md It takes a while to move your headquarters to Mars...putting his money where his mouth is. haha.�
Apr 2, 2013
AnOutsider True, but we've seen how smooth their website rollouts have gone in the past. Plus, it's not like it's that long of a time. Apple is sometimes down for longer.�
Apr 2, 2013
bonnie So people don't need to follow links, here's all the info:
�
Apr 2, 2013
Johan Maybe they're adding the Alcantra headliner option to the design studio :tongue:�
Apr 2, 2013
Z1970 4% of the Martians opted for the P85. They will discontinue that model on Mars. It is still available on the Pluto website.�
Apr 2, 2013
Qualchan "rabble rabble rabble" speculation, anticipation, excitement, confabulation, "rabble rabble rabble" 70 users watching, stockholders hearing "ka-ching," less than an hour till this thing "rabble rabble rabble"�
Apr 2, 2013
PopSmith Hopefully so, if not at least we can call and listen in.
Call-in numbers:
Live Call: (877) 312-5519 / (760) 666-3771 (International)
Back on topic:
I actually like the picture they currently have up. It would look cool as a desktop wallpaper.�
Apr 2, 2013
lodenthal I am wondering if its down because of the conference call today. Would love to get on the call if possible!
- - - Updated - - -
Just saw the call-in numbers! Thank you! I'd been looking for them.�
Apr 2, 2013
Bresson Thorbj�rn:
Live blog: What is Tesla's big announcement? - San Jose Mercury News�
Apr 2, 2013
Thorbjorn Someone should liveblogg
- - - Updated - - -
Twitter:
"We're busy updating our website. We'll be back up at 1:45pm."�
Apr 2, 2013
KenEE The are going to add support for Slacker Premium!�
Apr 2, 2013
Velo1 My wife listens to news radio while working. She just told me she heard a news report just 5 minutes that Tesla is not going to build a 40 kWh Model S. She so cute.
I told her the big announcement about moving headquarters to Mars isn't for another 15 minutes, so Tesla will likely be in tomorrow news radio report, too.�
Apr 2, 2013
smartypnz 'Deliver' buttons for everyone !!!!!�
Apr 2, 2013
K Hall I am on the conference line listening to the music. Its so upbeat : )�
Apr 2, 2013
Eric from NE Boooo!!!
Very well... delivery buttons for no one!!!
Boooo!!!�
Apr 2, 2013
raptorweb Looks like a new financing program
Announcement: Tesla Unveils Revolutionary New Finance Product - YouTube�
Apr 2, 2013
digitaltim Tesla Wins Lawsuit Against Auto Dealers in Massachusetts?
http://files.shareholder.com/downloads/ABEA-4CW8X0/2400820517x0x626268/f34f075a-548b-44a0-9d56-ada7ba56ee0e/TSLA_News_2013_1_4_General_Releases.pdf
- - - Updated - - -
Tesla Wins Lawsuit Against Auto Dealers in Massachusetts?
http://files.shareholder.com/downloads/ABEA-4CW8X0/2400820517x0x626268/f34f075a-548b-44a0-9d56-ada7ba56ee0e/TSLA_News_2013_1_4_General_Releases.pdf�
Apr 2, 2013
sp4rk Was this just added?
True Cost of Ownership | Tesla Motors�
Apr 2, 2013
dsm363 Website is back up!
Tesla Motors�
Apr 2, 2013
smorgasbord Looks like Elon is personally guaranteeing residual value of Model S leases after 3 years to be same as Mercedes S Class.�
Apr 2, 2013
Kaivball $500 a month...
Now they tell me...
Generating more demand. Smart move.�
Apr 2, 2013
dsm363 That's new.�
Apr 2, 2013
MikeL The pretty picture of the white S was mesmerizing!�
Apr 2, 2013
ohh Performance Plus Package?�
Apr 2, 2013
tdiggity What is the value of a Mercedes S-class after 3 years?�
Apr 2, 2013
raymond How many are going to be miffed when they realize it's not *really* $500/mo financing, even though that's what they call it?�
Apr 2, 2013
ElSupreme Well I was glad it wasn't really $500 a month financing, I would have paid too much for my loan if that was the case.�
Apr 2, 2013
tdiggity Tesla Unveils Revolutionary New Finance Product | Press Releases | Tesla Motors�
Apr 2, 2013
David_Cary $1,154 for me. That is probably right - I'll give them some credit for honesty....�
Apr 2, 2013
kevincwelch I must be missing something here.
This doesn't seem like it's all that great to me. I just ran through their calculator, and my effective monthly cost is about $1025. The variables that are thrown into this mix just don't add up to anything really meaningful.
I get the $11,500 knocked off for federal and the state of Illinois, which I guess is nice since not everyone is eligible for the full $7500 credit.
The fuel efficiency rating they give an automobile is very low. 19 mpg? My previous car was 26 mpg. I don't drive 15000 miles per year (more like 6k), and the price of electricity around here is $0.05.
No business tax deduction.
No commuter lane.
What is my time worth? I really don't understand how they could even factor this into the equation.
So, I must be missing something, or is this a little smoke and fog?�
Apr 2, 2013
Zythryn Gaurantee of the residual value is pretty darned impressive!
While this isn't all that exciting for current owners, I think this will really help the company.
BTW they are talking about this on Bloomberg right now.�
Apr 2, 2013
orangem Website is up but they better fix it. Notice my finalized Design for 40kwh suddenly turned into an 85kwh model.... And officially 40kwh model is gone on the website.�
Apr 2, 2013
fluxemag Gotta say those were some pretty interesting justifications for how it equals $500 a month. I think they should have been more realistic and said $750 and cut the nonsense about the carpool lane and time at the gas station saving you money.�
Apr 2, 2013
yobigd20 Did they knock down the 0-60 times for the P85 to 4.2 seconds? I thought it used to be 4.4 seconds.�
Apr 2, 2013
fluxemag My "View Design" for my finalized 40 now shows an 85 price. Not that it matters what the website says.�
Apr 2, 2013
yobigd20 "performance plus package" $6500�
Apr 2, 2013
dsm363 You're right. I wonder if that is with the Performance Plus package with stickier tires or standard Performance option.�
Apr 2, 2013
Zythryn It may not be for you, it isn't for me.
But a lot of people would rather lease new technology rather than own it. In addition, Tesla will guarantee the residual which should make leases much easier to get.
No, it isn't the news I had hoped for, but I think it is huge for the company.
Edit, actually, it isn't a typical lease either. It is open ended. At the end of three years you can turn it in if you want, or you can keep it (and keep paying for it). S for those people really nervous about battery degradation, technology, etc, now you can basically own it, but have the option to turn it in at a guaranteed residual after three years.�
Apr 2, 2013
JerryNycom You Can LEASE a Model S Soon.....
News just annouced.....Read below.......
Link: http://www.teslamotors.com/about/press/releases/tesla-unveils-revolutionary-new-finance-product
Tesla Unveils Revolutionary New Finance Product
Combines best aspects of car leasing and ownership
Tuesday, April 2, 2013
PALO ALTO, Calif.-- Tesla Motors announced today that, in partnership with Wells Fargo and US Bank, it has created a revolutionary automotive financing product that provides the best elements of ownership and leasing to Model S customers.
Most people throughout the world prefer to own their belongings, rather than rent what is essentially someone else�s property via a lease. However, leases do provide some key benefits, particularly a low initial payment, tax deductions, lower risk on resale value and the convenience of returning a car without the hassle of reselling it personally.
Working with some of the largest and most respected banks in the country, Tesla has been able to create a new kind of financing product that combines the surety and comfort of ownership with all the advantages of a traditional lease. Like the Model S, this product was created from the ground up to provide maximum benefit to consumers, rather than simply duplicating other financing programs that tend to favor companies at the expense of the individual.
How does it work?
US Bank and Wells Fargo have agreed to provide 10% down financing for purchase of a Model S (on approved credit.)
The 10% down payment is covered or more than covered by US Federal and state tax credits ranging from $7,500 to $15,000. New Jersey, Washington and DC also have no sales tax for electric vehicles. These advantages are not available when leasing.
When considering the savings from using electricity instead of gasoline, depreciation benefits and other factors, the true net out of pocket cost to own a mid-range Model S drops to less than $500 per month.
After 36 months, you have the right, but not the obligation to sell your Model S to Tesla for the same residual value percentage as the iconic Mercedes S Class, one of the finest premium sedans in the world, made by Daimler (also a Tesla partner and investor).
Not only is Tesla guaranteeing that resale value, but Tesla CEO Elon Musk is personally standing behind that guarantee to give customers absolute peace of mind about the value of the asset they are purchasing.�
Apr 2, 2013
daveruns Personally I am a little disappointed in this. Sounds like hucksterism and I'm not sure that is a good message. But then I have never leased anything in my life and have always viewed car leases as a trap for the timid and poorly educated. Strictly old school....Demand is strong and there is no significant marketing. Why not spend the money on building the image instead of cheapening it. Open new stores and let people see them and drive them. Also, where are the new superchargers and service centers? Why aren't they on the website? I know for a fact that the St. Louis, MO service center is open and has been for weeks. I've been there and seen new Teslas being prepped for delivery. But it still shows as coming.�
Apr 2, 2013
yobigd20 "Performance Plus upgrades an already impressive handling car by stiffening key suspension linkages and tuning dampers to increase lateral stiffness
without compromising ride 21� wheels with wider rear rims and Michelin Pilot Sport SP2 tires channel these improvements to the road. The result is nothing short of amazing�light. responsive steering with minimal body roll- It's a performance junkie's perfect daily driver."�
Apr 2, 2013
v12 to 12v That can't be all there is to it... could it? Leasing? That's tweet worthy but not press conference material.
(Still waiting for my video feed confirmation.)�
Apr 2, 2013
CapitalistOppressor Smooth move by Tesla. Should generate some additional revenue for the company :tongue:�
Apr 2, 2013
Puyallup Bill Yawn, back to sleep.:-(�
Apr 2, 2013
DavidM That was it. A leasing plan that is personally backed by Elon Musk. Didn't have it before, now it's available, so I guess it's good for customers with high income that want to lease the car. But it's really not a $500 /month payment. The real cash outlay is closer to $900 /month. Every time somebody says "hey, what's your time worth" they want me to pay more than I can really justify.
Personally, Yesterday's news was bigger. On the bright side, it wasn't bad news.�
Apr 2, 2013
mulder1231 New details and pictures on drop-in console--coming summer 2013.
Shop Tesla Gear Drop-In Center Console�
Apr 2, 2013
Benjam Very interesting. Let the debate on leasing vs. owning commence :scared:�
Apr 2, 2013
Stoneymonster The standard 85kwh now says 5.4 seconds as well.�
Apr 2, 2013
ElSupreme It isn't a lease! It is a financing program with a buyback guarantee, price pegged to a MB S Class.�
Apr 2, 2013
JoshG I don't see anything new on this page. same pictures and info that have been available for a while. Am i missing something?�
Apr 2, 2013
AnOutsider That's a couple days old now�
Apr 2, 2013
kevincwelch Leasing I understand...whether typical or atypical. If Tesla's big announcement is that leasing is available -- great! If it is to suggest you can drive away with a Model S for $500/m, that's almost deceptive based on a number of intangibles. The calculation seems like fuzzy math to me.�
Apr 2, 2013
BrandonF Yep, basically a financing program with an out clause halfway through. Based on current financing rates available on the open market, you are paying roughly 2x the APR for the luxury of the out clause after 36 months. Probably valuable for some people for sure, but not sure its as valuable as a true lease.�
Apr 2, 2013
Benjam It sounds like this would only be good for those that "need" a new car every 3 years or like the peace of mind of being able to sell at a fixed price down the road.�
Apr 2, 2013
kinddog agreed. "effective monthly payment" with "what's your time worth" b.s.?!?
today was just an elaborate sales trick.
that said, I'm getting that Plus package on my P85! them sh*ts better be retro-fittable!�
Apr 2, 2013
mulder1231 Ok, must have slipped my attention then.�
Apr 2, 2013
v12 to 12v It is the intangibles that make the Model S a good purchase. Electric motors last a lifetime compared to ICE.�
Apr 2, 2013
yobigd20 guaranteed at 43% purchase price of the car. So you buy a $100k car, and 3 years later they buy it back from you at $43,000. In other words, you rented a car for 36 months and paid $57,000 for the rental. Actually the bank is fronting 10% so I guess in the end you rented it for $47,000.�
Apr 2, 2013
herbvdh Elon said 43%�
Apr 2, 2013
Doug_G Performance shows 4.2. Wasn't it 4.4 originally?�
Apr 2, 2013
mknox With the web site back up, the Service Plan button is gone from the My Tesla page, but apparently I can now apply for financing?!?�
Apr 2, 2013
firealarm 43, what? I see it as 56. This doesn't make any sense.
The whole 500 was a bunch of crap. Calculating the sticker and waiting at a gas station? Come on, I'm very dissapointed. Why not include the time it takes to install the new outlet, the cost for that, and the time it takes to get out of the car everyday and plug the car into the wall. Very deceptive and I'm not happy.�
Apr 2, 2013
ken830 The true-cost-of-ownership is just another online sales/marketing tool, not really a big announcement. The guaranteed buyback, however, is a significant announcement.�
Apr 2, 2013
EarlyAdopter Price floor pegged to a MB S Class. i.e. if you exercise the buyback you're guaranteed to get at least the residual on a MB S Class, or the going rate of a used Model S should it (likley) be higher.�
Apr 2, 2013
ItsNotAboutTheMoney Right. It's like owning a regular car, except it's a really expensive one.�
Apr 2, 2013
jed-99aggie Guaranteed Resale Value
Out of curiosity - has anyone checked out the Guaranteed Resale Value hyperlink on the bottom of the True Cost of Ownership | Tesla Motors page? Here is the direct URL: http://www.teslamotors.com/sites/default/files/pdfs/tesla-resale-value-guarantee.pdf
Will those of us who are current owners receive this nice letter from Tesla guaranteeing a 36 month buy back option? Not that I am looking to sell...�
Apr 2, 2013
digitaltim I would update the title of the thread - it is not a lease, it is a 66-month loan @ 2.95% w/ 10% down...
I think the novelty of the guaranteed buyback price @ the 36-39-month mark will attract a few people.�
Apr 2, 2013
Ben W The options page seems a bit hosed at the moment. Obviously the 40kWh column shouldn't show a 230-mile range, even if it's the software-limited 60kWh pack.
�
Apr 2, 2013
palmer_md well, the graphic at the top is the only issue. Clearly three columns of data for 60, 85 and P85, and the data below states that.�
Apr 2, 2013
UMD86 Maybe with the Performance PLUS Pkg it drops the time to 4.2
- - - Updated - - -
Don't forget the $7,500 Fed Tax Credit and any Local Tax Credits which the bank will get since they own the car.�
Apr 2, 2013
gregincal Actually if you listen to the transcript that whole downpayment thing is just more Tesla spin. It's a totally normal loan with a totally normal 10% downpayment. They just point out that you will get at least that amount of money back through (i.e. the downpayment is "covered" by) the various rebates and tax credits. The only novel thing here is the guaranteed buyback agreement (which is only available if you take their loan, otherwise you can get better loans elsewhere).�
Apr 2, 2013
Blurry_Eyed Here is a way I analyzed the new finance to own program that Tesla introduced today. Assume that you get a Model S Performance nicely optioned out at $102,520. Since I live in Washington state, I'll assume a $7,500 Federal tax credit and no sales tax on the EV purchase.
If I put down 10% of $102,520 that is $10,252 out of pocket. I get $7,500 of that back from the Federal tax credit when I file my taxes. So my initial cost in on the buying program is $2,752 (assuming I can get financing for the rest of the balance of approximately $92,268). A loan of $92,268 at 2.95% over 66 months is about $1,516 a month. So 36 months into the loan I'll have $54,582 into the payments and another $2,752 from my upfront payment for a total of $57,335. My actual loan balance remaining at that point in time would be $43,797.
If we assume that the residual value is about 43% of the initial price of $102,520, that means Tesla would pay you $44,083. You could pay off the loan and walk away from the car. But say the car retains a 65% value because of the premium an EV might have because of less risk of engine trouble, transmission trouble, exhaust trouble etc. That residual value becomes $66,638. If I turn in the car for a check from Tesla, I would get back about $22,841 (this is the part where Elon is putting his money where his mouth is, I believe he said on the conference call that Tesla would pay the market price of the car when someone turns it back in). Amortizing that back over 36 months, that would reduce my monthly payment from $1,516 a month by $634 to about $881 a month. Now the WAG i'm making here is in the residual value. But I would think that the Model S would retain more value over 3 years than a conventional ICE.
Then factor in the gas savings or say $100 to $200 a month depending on your driving habits and the mileage of the car you are moving from and factor that into the monthly payment and you are looking at a very interesting proposition for someone who wants to run the numbers and make an assumption that the residual value of the car will be higher than 43%. What if the value is in the 70% range? Then it drives the cost down even more to about $739 a month over the 36 months of ownership (I'm not including any fuel savings in the $739). Very interesting indeed...
(Note, all this applies if you buy the car outside the Tesla program, but Tesla is mitigating the risk on the downside through their program by guaranteeing the residual value)�
Apr 2, 2013
UMD86 This is a huge announcement. I used to work in the car leasing industry and to have this option for potential owners is huge. I'm sure the phones will be ringing off the hook with potential buyers inquiring about leasing the Model S. Production rates will rise and hopefully costs will drop. When you think about the overall maintenance on the "S"......very minimal. It's not like an ICE where you have to worry about the engine, radiator, transmission, exhaust system, oil system after 36 months. All of that is removed thereby maintaining the residual value. I actually think 43% is low.
A 36 mo. lease RV for a MB is between 53-56% but then again you have historical data on the fair market value of the cars. I do know when we started in the leasing industry we were conservative with values which is what Tesla is doing. Plus you only have 2 competitors which makes things better.
Another AMAZING factor is that Tesla will control the secondary market. Since they are the only ones taking the car back and reselling it - they control the FMV. Overall this is EXCELLENT news for Tesla and potential owners.
- - - Updated - - -
Actually you're talking about 2 different options. Leasing vs financing. If you're financing the car you own it at the end of the LOAN. If you are leasing you have the option to purchase the vehicle or give it back. Yes you can go elsewhere and shop for a LOAN but you can't for a LEASE.�
Apr 2, 2013
professionalr I'm disappointed in the news. No more 40kwh option and "leasing" isnt all that cheaper than owning. This might bring more wealthy folks into the mix scared of new tech...but middle income people will be left out in the cold without the 40kwh option or pricepoint. Autoblog nailed it in their article posted earlier today.
Tesla announces lease option for Model S starting at $1,050/month�
Apr 2, 2013
gregincal Except Tesla isn't offering a lease either. They are offering "a financing product that combines the surety and comfort of ownership with all the advantages of a traditional lease."
It's basically a loan with a buyback option.�
Apr 2, 2013
MikeC I think this is a very shrewd move for Tesla. They created the perception of a leasing program but are not really doing anything other than to be willing to buy their car back in 3 years. I'm pretty sure they're confident that MS will hold its value better than an S class, so they will either be getting a good deal on a used car or have to do nothing at all (because most buyers will sell it privately for more).�
Apr 2, 2013
BrandonF �
Apr 2, 2013
yobigd20 Wrong. YOU own the car. The bank will be the lienholder. It's just like any other regular loan purchase. The only difference here is that there is an opt-out clause that goes into effect between 36-39 months with a guaranteed floor buyback value at 43% of purchase price. That has never been done before on a loan purchase. That is what is unique. And *THAT* is the deal in a nutshell. As a 'regular' purchase where 'you' own the car, 'you' are entitled to the $7500 federal credit.�
Apr 2, 2013
WhiteKnight Tesla is guaranteeing they will buy the car back from you for 43% but Elon also said (on the conference call) they would buy it back for Fair Market Value OR 43% whichever is higher. My guess is that their offer to buy it back for FMV is IF you are trading it in for a new Tesla. But perhaps they want to buy used Tesla's back to control the secondary market (like a previous poster said) and to have inventory to sell to people.
Who needs Gen 3 when you can buy a Tesla P85 for $45,000 in 3 years!?�
Apr 2, 2013
ElSupreme You don't have that correct. The difference between a Lease and a Loan is who owns the car.
When you finance (get a loan) the car you own it.
When you Lease a car the leasing company owns it.
This is actually a loan with a buyback guarantee. It works like a lease but isn't a lease.�
Apr 2, 2013
Trnsl8r I'm sorry, but it's bulls--t like this that makes it really hard to like this company sometimes. It's like they don't know to stop when they're ahead... If they had called it "financing with a guaranteed buyback" and put something like $800/month in red letters on the front website, folks here and elsewhere would have been ecstatic. Instead they don't think that's good enough and call it "almost a lease but not" and market it at an unrealistic $500/month. Hey Tesla, not everyone is a business owner. And I have to say, I have skipped the gas station plenty and driven the car pool lane plenty the last couple of months, but no one has come forward to pay me $100/hour for that gained time to help out with a car payment. Holy cow, talk about reaching.
It's like the NYT article, when they caught the reporter red-handed exaggerating charging time, but didn't think that was enough, so they made up baloney about him trying to drain the battery when he was really just looking for the supercharger. Or when they account for the Federal tax credit in their pricing, even though not everyone qualifies. Or making a really cool car and putting on over-complex error-prone door handles. Over and over... they don't learn. Ga... frustrated.
Phew. End rant. Sorry everyone.�
Apr 2, 2013
Jhall118 This isn't big news at all. Who really ever thought a Tesla Model S would depreciate faster than an ICE luxury car? With the transmission and the engine etc. Financing through the car company is nice, but Tesla's target market is hardly hard pressed to find money.
The math thing is so irritating. I was excited for two hours thinking I could lease a model S performance for 3 years for only 36,000, and then buy the rest at the end so I don't have to sell as much stock for a down payment (my income is kind of low, but my savings over the years are really high... hey kind of like Elon Musk!). Really irritated when I realized they used magical math to get there (because everyone owns a business right?).
This announcement makes me kind of angry. I wanted an actual lease. The more I think about it, the more I want to just wait a couple years and buy used. After all, it depreciates as fast as a Mercedes S class right?
Not even to mention that he is flat out lying when he says "$500 a month" with the gas savings. It's more than that.�
Apr 2, 2013
Trnsl8r Actually, not done. One more thing. If they include checkboxes for the $100 time at the pump, where are the checkboxes for license, registration, insurance...? What about the annual service? "True cost of ownership" my foot...
Now end rant. For real.�
Apr 2, 2013
Norbert As I said in the other thread, there have been quite a few articles which cast doubt on the resale values of EVs. I'd guess that for non-early-adapters, it's a major concern: the uncertainty about that. They aren't sure what becomes of an EV after a few years, and it may easily be a major factor if they can rely on being able to sell back the vehicle for an amount that is approx. equal to the amount it takes to pay off the loan remainder. Also in case they are worried that they might not be as happy with it as they hope.�
Apr 2, 2013
vfx Too early for the Leaf and Volt to determine resale value of them but the Roadster has not fared any better than ICEs. A glut for sale for a year now has not helped but I heard one appraiser basically say a car is a car. New EV battery or new ICE engine/tranny neither helps value at all.�
Apr 2, 2013
deonb Well, the issue was that with a true lease, you can't get the EV rebates, so the car would be $7500+ more expensive.
But then this was badly negotiated from Tesla's side. Couldn't they get the banks to agree to delay the 10% down payment until tax time? Or negotiate with the IRS that the rebate is directly paid to Wells Fargo / US Bank?
That would at least make it a no-money down lease.
As it is structured, there is nothing in the Tesla offer that makes the car any more affordable to anybody who wasn't able to afford it before.
It gives a lease-like guarantee if you don't want to hang on to the car for long, which is in itself good, but the fundamentals haven't changed:
* You need to have the exact same dollar amount available for down-payment today as you did yesterday.
* You need to have the exact same monthly payment amount available today as you did yesterday.
If there was even so much as a $50 a month difference (e.g. service is included) it may have been a bit more significant.�
Apr 3, 2013
Norbert However, according to a CNN article, "about half of all luxury car customers lease their cars rather than buying them". So "lease-like" is really important, especially considering that the resale value of EVs is pretty much an unknown so far (and this deal is backed by Elon personally, for those who aren't 100% sure about Tesla surviving).
If you are in the other half, maybe there isn't much in it for you (it probably simplifies processing the loan). But then, you already bought one.�
Apr 3, 2013
ddruz The financing plan is brilliant as constructed. But Tesla is making a credibility blunder by marketing it ingenuously. Only a rare subset of business owners will realize a cost of ownership approaching $500 a month. The average buyer will pay much more.
IMHO the marketing approach should be modified ASAP to be more straightforwardly honest before Tesla's credibility and reputation for integrity is lost.�
Apr 3, 2013
gregincal I don't know, the web page seems fairly transparent to me. There is the "Effective Monthly Cost" at the top, but the actual cost is just below it and the factors that go into the cost are all on the same page where they encourage you to customize it for your particular situation. I agree that I'm not sure about having the top line $500 on the first page, but the details are a click away.�
Không có nhận xét nào:
Đăng nhận xét