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Tesla reduces entry price for the Model S to $593/month, introduces new 2-year lease option...

Discussion in 'News from Electrek.co' started by RSSFeed, Aug 20, 2016.

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  1. RSSFeed

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    During a conference call discussing Tesla’s second quarter financial results earlier this month, CEO Elon Musk said that the automaker was expecting its percentage of new vehicle leases versus direct purchases to significantly increase during the next quarter and now we know why.

    Tesla introduced last night a new 2-year lease option for the Model S and Model X that brings the entry price to driving Tesla vehicles down to only $593 per month, but only for orders placed by September 12th. more…

    Filed under: Uncategorized [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG][​IMG]

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  2. TrevP

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    Shame that's it's not available outside the US. Personally I'd rather use that $6000 down payment for the Model 3 instead of loosing it on a lease for 2 years.
     
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  3. MelindaV

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    There was a quite logical argument against the 2 year lease made in the Tesla Motors forum by user MNTLVR23 on August 20th.
    He (or she?) compares the annual cost of ownership of his prior two vehicles, the Model ☰ and the Model S 2 year lease and comes up with the following:
    • The first vehicle close him roughly $1,000/year.
    • The second $2,000/year.
    • The Model ☰ $3,000/year.
    • The 2 year Model S lease would be $11,000/year.
    One of these is not like the others. And while Tesla I am sure is expecting some Model ☰ reservation holders to get emotionally caught up in the offer, for those choosing the Model ☰ for it's price tag, this is not the deal they should be looking at. For those reserving a Model ☰ BUT could just as well purchase a Model S, go for it.
     
  4. Rick59

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    Not sure about the $3,000/year for the Model 3. A mid-range Model 3 should sell in the $55,000 -$60,000 range. If you keep the car for 10 years, that's $5,500-$6,000 per year. (I'm talking Cdn $).
     
  5. MelindaV

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    his comments indicated his price after added options and deducting the US tax credit would end up still around the $35k price and calculated over 12 years which would be just under $3/year. remember, not everyone will be checking off every option.
     
  6. Rick59

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    I think that people are underestimating the final price of their car. The base $35k will mean no autopilot, rear-wheel drive, no Supercharger access, smallest battery, etc. It's still an amazing car though.
     
  7. Paul Spiers

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    #7 Paul Spiers, Aug 21, 2016
    Last edited: Aug 21, 2016
    Keep in mind that even if you were to option out the car there is going to be up to $14000 Govt rebate (in Ontario) and there may (Ontario government is not levying the 8% Provincial Tax and is in talks with the Federal government to drop the 5% Fed tax by 2018) also be no tax as well. So, if you deduct the $14000 from the purchase price, assuming a price tag of $60000 CDN with options ($60000 - $14000 = $46000 CDN), you are looking at close to a $35000.00 USD dollar car.
     
  8. Rick59

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    I cannot find anything on the web that confirms that Ontario does not charge the PST on evs. The rebate (assuming $13,000 for a M3) is the only thing that applies.
     
  9. Rick59

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    Correction: $14,000 Ontario rebate.
    A $60,000 car will cost 60,000 + 7,800 hst - 14,000 Ont rebate = $53,8000.
     
  10. Paul Spiers

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    #10 Paul Spiers, Aug 21, 2016
    Last edited: Aug 21, 2016
    The Ontario Provincial Government published a document titled "Ontario's Five Year Climate Change Action Plan 2016-2020."

    If you go to the link below and look at page 21 section 2.2 of the PDF you will find the reference to the elimination of the HST for EVs. So my reference was anticipating that by 2018, I will hopefully, not have to pay the HST on the Model 3.

    https://www.ontario.ca/page/climate-change-action-plan?_ga=1.39970981.604556980.1468460283

    http://www.applications.ene.gov.on.ca/ccap/products/CCAP_ENGLISH.pdf

    Cheers.
     
  11. Rick59

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    Thanks for the information. It would surely help many more people to buy evs.
     
  12. Kizzy

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    September 12th. Hmm. Might we be getting an update then?
     

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