Well, it's a good chance to get the pre-refresh Model Y. They are heavily discounted here

 

I've never leased and know absolutely nothing about what is and isn't a good deal. I have heard that you want to put down as little as possible. But, as I contemplate what to do between buying a 1-2 year old S or a new MY, here's my math.

I don't qualify for the $7,500 credit, so here would be my numbers on the Launch Y:

• Outright purchase price: $65,825 (includes all taxes and fees, no gas savings factored in)
• Lease: 15k miles, $1k down, 36 months (including all taxes and fees) - $887/mo x 36 months = $31,932 + $1k down = $32,932.
• Lease buyout: $41k + $32,932 already paid = approx $74k

I don't want to even know how little my MYP is worth at this point. I paid $52k for it in Nov 2022 (it's a 2021) and that included it having FSD paid in full. Losing $32k in a 3 year lease might be pretty appealing considering what I've likely lost on my MYP..!

 

So the Model Y Launch edition lease supposedly includes the $7500 federal credit that Tesla still gets even if you wouldn't qualify individually. It may well be factored in, there's no way to tell with the limited data they provide, but they are clearly taking some of it back. Most probably through high money factors in the rent charge calculation etc.

 

The rear taillight bar lights up the road in an interesting manner because of the design

 

That's kinda cool.

 

It does have the turn signal stalk yes. However, I tried out the Cyber Truck which has push button on the steering wheel, I actually kinda like that set up. It was in the showroom and not on the road but the buttons were pretty cool and for a progressive electric brand I think they are great idea. Perhaps in the real world and real driving it might a different experience. I think the actually stalk was a little weird in the Y, kinda like a high end kitchen spatula if that makes any sense. Seems like they took the time to design to have a certain experience





forgot to add a pic of the double paned glass

 

^^ Double pane glass was always on the front door windows, just not the rear

 

The new Y looks excellent and I’m sure will sell really well. I wonder if there are enough people in current Model Y’s that will take a loss on the old one to get into this. I know I would.

 

I was considering it, but my 2023 Y is paid off, no way I want another car payment

 

I get that but I’m a sucker for new things so I would probably bite the bullet and get one. Some people I know are upside a little on their current Y so they said they will just keep it.

 

I like new stuff as well, I just don't like payments
Since I paid barely any interest, my depreciation is probably not as bad as others, but I'm just going to keep my Y for the long term

 

Everybody qualifies for the $7,500 credit if you lease, its just a rebate and the credit is given to the manufacturer. You only have to qualify for it when you purchase.

 

Interesting, thank you. That part looked a little confusing on the website but perhaps I just read it wrong. They were showing income caps - it's possible I was on the 'purchase' tab at that time. I'll poke around and see how it changes the math.

 

I made that point a couple days ago and noted that the problems here are that you can't tell exactly how Tesla is factoring in the "7,500 Tesla lease incentive" based on the limited data provided, and they are almost certainly getting some or all of it back through a combination of low residual and high money factor inflating the rent charge. Divide the 7500 "incentive" by the lease term, add it to the Tesla lease estimate, and see how (even more) terrible the lease is with another 208 per month added on assuming a 36 month term.

 

The spoiler alert on the above is that a zero down 36 month lease on a Model Y Launch Edition is close to $900 including tax (adjust for local taxes). If that's including a 7,500 inventive it's effectively meaning that the lease without the incentive would be getting on for $1100 per month. It's bad regardless, but clear that Tesla are not really putting 7500 into the lease.