Tesla Model Y Lease for $286 a Month

About the Lease Buyout from Tesla's website

With a lease buyout, you can purchase your vehicle at the end of the lease. Starting November 27, 2024, all leased vehicles are eligible for purchase.

Eligibility​

• Starting November 27, 2024, all leased Cybertruck, Model S, Model 3, Model X and Model Y vehicles are eligible for purchase.
• Third-party dealerships are eligible to purchase leased vehicles.

Note: Iowa and Louisiana are not eligible for lease buyout.

Fees​

• A purchase fee of up to $350 applies to all vehicles.
• Local taxes and fees apply.

sillyputty said

Do you think the $7500 tax credit will end soon with the changes in Washington?

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Hard to predict what will actually happen once Trump is in especially since Elon Musk was a major donor.

Trump's messaging was that he's going to get rid of the EV tax credit, but then Elon obviously owns Tesla so would he?

Do you think the $7500 tax credit will end soon with the changes in Washington?

This is a very GOOD deal, now if CA can cover the down payment please?

I'm usually against leasing, but if you can keep your mileage under 10k miles / year, this seems like a decent deal.

With leasing
In 3 years, you're paying $13761.

With purchase
2024 LR is currently $45240
Rough estimate on KBB for a 2021 Model Y (3 years old) is $30k right now.
So the value of the Model Y should depreciate around $15240 in 3 years.

With purchase with full tax credit
If you qualify for the $7500 tax credit, it comes down to $37740
In this case, it's most likely still better to buy it.