Model 3 Lease Available • Hacker News Board

Re: Model 3 Lease Available

#51

Post by bob_theslob646 » Fri, Apr 12, 2019, 4:00 AM UTC

abtinf wrote: post #23

hhs wrote: post #9

According to the website, it looks like a Model 3 base (i.e., with Standard Plus Rear-Wheel Drive; Solid Black Paint; 18" Aero Wheels; All Black Partial Premium Interior; Autopilot) would have a purchase price of $39,500. This would have an estimated lease payment of $504/month, with $3,000 down, 36 months, 10,000 miles. And then estimated savings would be added depending on one's respective EV state rebates. At the…

What is the reasoning to put money down on an auto loan or lease?

This article does a great job of explaining.

https://www.edmunds.com/car-leasing/should-you-make-a-down-p...

In summary, when leasing, put as little down as possible.

When buying(loan) it depends.

Obviously every person has a different financial situation, ( which also determines at which interest rate you are allowed to borrow money), but in general or ceteris paribus , that advice holds in general.

Re: Model 3 Lease Available

#52

Post by usaphp » Fri, Apr 12, 2019, 4:01 AM UTC

tschwimmer wrote: post #21

I think the title of this submission should be changed to 'Tesla removes 35k Model 3 option' or similar. Their cheapest option is now a bit under 40k USD because they're including autopilot as standard.

Out of all of the people I know who own tesla, I have yet to meet anyone who bought one without autopilot. I don't understand why would you decide to purchase tesla over other electric cars if it was not for autopilot. If you want electric without autopilot - there are better options than tesla, so maybe the reason why they removed it was because a vast majority of people were purchasing the autopilot model, and offering the lower priced version was slowing down their prodution somehow (adding options is always time consuming).

Re: Model 3 Lease Available

#53

Post by copperx » Fri, Apr 12, 2019, 4:03 AM UTC

xkcd-sucks wrote: post #47

bob_theslob646 wrote: post #35

What's incredibly interesting is that you are required to put a minimum of a $3000 dollar down payment. What was also interesting is that you forgo your right to buy back the car if you lease it, which is also odd.

Doesn't that make it a rental instead of a lease

Leasing and renting are synonyms; I've always seen them used interchangeably.

Re: Model 3 Lease Available

#54

Post by danhak » Fri, Apr 12, 2019, 4:03 AM UTC

usaphp wrote: post #52

tschwimmer wrote: post #21

I think the title of this submission should be changed to 'Tesla removes 35k Model 3 option' or similar. Their cheapest option is now a bit under 40k USD because they're including autopilot as standard.

Out of all of the people I know who own tesla, I have yet to meet anyone who bought one without autopilot. I don't understand why would you decide to purchase tesla over other electric cars if it was not for autopilot. If you want electric without autopilot - there are better options than tesla, so maybe the reason why they removed it was because a vast majority of people were purchasing the autopilot model, and offe…

> I don't understand why would you decide to purchase tesla over other electric cars if it was not for autopilot.

Supercharger network? Safety? Performance? Cargo Space?

Re: Model 3 Lease Available

#55

Post by thematt » Fri, Apr 12, 2019, 4:05 AM UTC

ggm wrote: post #30

AndrewBissell wrote: post #5

With no financing partner in place this is a major cash-negative move for Tesla. Some shorts have been predicting Musk would do this to try and clear out inventory and improve demand optics before filing for bankruptcy. https://twitter.com/whistlerian1834/status/10965848934824632...

Shorts, who by definition are not dispassionate and have a direct interest in the ability to project and manipulate market expectations. And when the emerging reality doesn't match their short position are (evidently) willing to move down the road to making the conditions they predicted come true.

Everything you said could be used to describe longs as well, with incentives just aligned in the opposite direction.

Re: Model 3 Lease Available

#56

Post by TheSpiceIsLife » Fri, Apr 12, 2019, 4:10 AM UTC

jedberg wrote: post #26

bagels wrote: post #14

Earlier quoted context omitted.

It's not on the website anymore. Do you have a source?

The linked page says "As a result, Model 3 Standard will now be a software-limited version of the Standard Plus, and we are taking it off the online ordering menu, which just means that to get it, customers will need to call us or visit any one of the several hundred Tesla stores."

So they can pressure you in to spending more.

Re: Model 3 Lease Available

#57

Post by jakobegger » Fri, Apr 12, 2019, 4:12 AM UTC

So to summarize:

- Tesla launches 35k Standard model along with 37,5k Standard Plus Model

- Tesla raises price of Standard Plus Model to 39,5k

- Tesla discontinues Standard Model

So Tesla just increased the base price of the Model 3 from 35k to 39.5k, but tried to do some marketing tricks to make you feel like it's a great deal.

Re: Model 3 Lease Available

#58

Post by dragontamer » Fri, Apr 12, 2019, 4:13 AM UTC

aerovistae wrote: post #8

Uh, wait. They're taking the Model 3 Standard off the menu....so.....that means the $35k version just got stopped? Sigh. It's a bit sad for me because I have been a bigger fanatic for this company than almost anyone, for maybe 9 years now, and my passion is fading. I recognize how hard the thing they're doing is, and how they're doing everything they can...but the repeated dishonesty is just very off-putting to me. I…

> Uh, wait. They're taking the Model 3 Standard off the menu....so.....that means the $35k version just got stopped?

You can't stop what never began to move in the first place. There has never been a single reported delivery of the $35k model. There have been a LOT of complaints about delayed deliveries however.

EDIT: Seems I'm getting downvoted. Lemme put up some sources then. https://electrek.co/2019/04/04/tesla-model-3-base-doesnt-exi...

Re: Model 3 Lease Available

#59

Post by twiceaday » Fri, Apr 12, 2019, 4:13 AM UTC

usaphp wrote: post #52

tschwimmer wrote: post #21

I think the title of this submission should be changed to 'Tesla removes 35k Model 3 option' or similar. Their cheapest option is now a bit under 40k USD because they're including autopilot as standard.

Out of all of the people I know who own tesla, I have yet to meet anyone who bought one without autopilot. I don't understand why would you decide to purchase tesla over other electric cars if it was not for autopilot. If you want electric without autopilot - there are better options than tesla, so maybe the reason why they removed it was because a vast majority of people were purchasing the autopilot model, and offe…

Because they look better and carry a better brand image. If I were to buy one I will buy one without auto-pilot.

Re: Model 3 Lease Available

#60

Post by bryanlarsen » Fri, Apr 12, 2019, 4:17 AM UTC

Contrary to the standard short story, there must still be significant demand for the 3 if Tesla is raising prices rather than lowering them. Yes, the $35k model 3 is still technically available, but obviously they don't want to sell them.

If there was little demand, they would rather sell a $35k 3 at no profit than idle their factory.