[hhs]

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 end of the page, it says that there's a Destination & doc fee of $1,200, so that may need to be adjusted into the lease price.

[abtinf]

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

[bob_theslob646]

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.

[xeromal]

Lots of leases have down payments.

[ksherlock]

If you expand the lease details, it's $3000 downpayment but $4199 due at signing. plus taxes and fees.

[njharman]

What people are willing to pay for cars amazes me. Esp to rent a car they don't own. $4199 is $1399 more than I paid for (at police surplus) the 2011 car I've had for a few years. It costs me significantly less than $500/mo to operate and repair. The 2007 before, cost less and lasted 5 years before I wrecked it. I have the money, I earn more than $200k/yr, I just the value/cost for new cars is just not worth it.

[imperialdrive]

It is truly amazing, but then again, if you look at the percentage difference, so is paying for a latte at most places etc etc. To each his/her own. I say let the money flow because at the end of the day, it's just paper and numbers, and the joy of toys is priceless, not to mention the economy sort of depends on it!