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Got a call from my dealer today (Sacramento, CA) who was trying sell me a model that just came onto the lot instead of waiting for the one that I customized in September. I’m going to wait on mine, but he also addressed my concern of the high lease price that I had voiced to him a couple of months ago. There was a post on here a little while back about how bad the lease deal was. I showed him that for almost the same monthly price, I could get a P100D. He told me that the current lease deal is significantly better and competitive with a Tesla. He also said that a new cycle starts March 1st and that the lease price should be even better. Can anyone substantiate this? Has the lease price improved and has anyone heard of it getting better starting in March?
 

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The guy who did the contract with me when I picked it up Wednesday said that the high lease prices had scared away a lot of customers and that they will have better deals in future (or possibly now, I'm unclear on the timing)
 

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Got a call from my dealer today (Sacramento, CA) who was trying sell me a model that just came onto the lot instead of waiting for the one that I customized in September. I’m going to wait on mine, but he also addressed my concern of the high lease price that I had voiced to him a couple of months ago. There was a post on here a little while back about how bad the lease deal was. I showed him that for almost the same monthly price, I could get a P100D. He told me that the current lease deal is significantly better and competitive with a Tesla. He also said that a new cycle starts March 1st and that the lease price should be even better. Can anyone substantiate this? Has the lease price improved and has anyone heard of it getting better starting in March?
39% residual after 36 months
0.352 money factor

Those make up for super crappy lease rates. They do take off $7500 off the price for leases.
 

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Yeesh, 39% - they really think the car will bottom out that badly after the lease??

I too was scared off by the high lease price and ended up buying the car. I'm a bit nervous about what it'll be worth in 3 years buuuut figure the nearly 12,500 I'm getting from tax credits will help take that sting away a bit.
 

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I think this car will depreciate much less than expected. We'll keep it at least 5 years, so I didn't even bother to look at leasing. I just looked at overall cost. The closest ICE equivalent to the FE is the Velar HSE P380. The MSRP has a 4-5k difference. Sure, you can get a discount on the Velar, so call it a 10k difference. 10k for all the advantages of an EV? Yes please!
 

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Discussion Starter #7
39% residual after 36 months
0.352 money factor

Those make up for super crappy lease rates. They do take off $7500 off the price for leases.
Is that a recent lease rate? My dealer claims that hey have recently improved significantly. Also isn’t that extremely high for a money factor? I thought they were closer to the 0.002 range based on what I’ve read. It’s still most cost effective for me to lease because I can write off about 70% of it for work.
 
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