08 Aug 2020, 22:25 [ UTC - 5; DST ]

Greenwich AeroGroup

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 Post subject: FS: 2016 Tesla Model S Best offer
PostPosted: 29 May 2019, 15:19 


Joined: 06/02/15
Posts: 971
Post Likes: +481
Location: Fresno, CA (KFAT)
Aircraft: TBM 850, s/n 389
I have a 2016 Model S, 90D on a lease which ends July 1. The current mileage is 19,900 which is way under the contract allowance. Of course if you go over the miles you pay dearly, but get nothing from the lease company for giving them back a primo car that has been driven less than 7,000 per year, and nearly always garaged ( I don't think it has spent 3 nights parked outside). My garage is climate controlled, 78 max and 65 min temps. We have a Tesla wall charger and keep the charge between 50 mile and 160 mile range. A full charge at a Tesla supercharger is about 290 miles.

The exterior (metallic blue) has no dings and no scratches that I am aware. Same with the Tan interior/black suede headliner; no damage, no signs of wear. There were about $30k of upgrade/premium features originally.

I have no idea what this car is really worth. I did some on-line checking and the prices were all over the board. Here is what I do know: I would need $69,000 to make it worth my while. I have never "flipped" a lease,so I don't know what is entailed as far as sales tax, etc. If there isn't a way to do this where I don't have to pay the tax on top of the buyout, then that price does not work. (Happy to receive input from anyone familiar with CA DMV).

Let me know if there is any interest, if not we will turn it in when we pick up the new one. Pictures of the exterior and the original window sticker posted. Interior pics to follow.

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Tom DeWitt, PNF
Previous: C172/C182/T210M
APS 2004
Last 12, at any moment: IPC/BFR/3-day recurrent


 Post subject: Re: FS: 2016 Tesla Model S Best offer
PostPosted: 29 May 2019, 15:56 


Joined: 08/30/13
Posts: 385
Post Likes: +60
Location: KAPF
Aircraft: A55, Aerostar 601P
Long time Tesla lurker... I think it’s a mid 50’s car just because of the low mileage and condition. The model 3 has killed the model s used market. There are a lot of cars coming off lease in the next few months which is going to drive prices lower.


 Post subject: Re: FS: 2016 Tesla Model S Best offer
PostPosted: 29 May 2019, 16:33 

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Joined: 10/28/12
Posts: 2213
Post Likes: +1438
Company: Transworld Business Advisors
Location: Houston, Scottsdale
Aircraft: SR22-G2 GTS
A rare thing when the lease residual is under market value. They’re also not helpful when you turn a car in about telling you where it will go so you can try to scoop it up at auction, for I’m sure much less than the residual.

Pretty car though.


 Post subject: Re: FS: 2016 Tesla Model S Best offer
PostPosted: 29 May 2019, 18:46 

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Joined: 04/30/11
Posts: 1124
Post Likes: +134
Company: RescueTech Certified IT
Location: F69, Plano, Texas
Aircraft: V35A
You can negotiate the payoff, also the one lease I sold instead of turning in the sales tax was paid by the buyer not me.

Chad Maisel

V35A - F69 Airpark Dallas


 Post subject: Re: FS: 2016 Tesla Model S Best offer
PostPosted: 30 May 2019, 00:14 


Joined: 09/12/11
Posts: 647
Post Likes: +299
Location: Central California
Aircraft: Navajo /7GCBC/C182
With most true leases regarding Ca DMV, your monthly lease payment is taxed unlike a purchase which is taxed on the full purchase price.

The unpaid taxes is based upon the buyout at the end which is paid by the purchaser. So in short, your only paying taxes on the portion you use which is the term of the contract.



 Post subject: Re: FS: 2016 Tesla Model S Best offer
PostPosted: 30 May 2019, 04:28 

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Joined: 10/27/10
Posts: 10219
Post Likes: +6083
Location: Cambridge, MA (KLWM)
Aircraft: 1997 A36TN
My guess is the lease buyout will be negotiable as no finance company wants to hold a ~4 year old 90D over market in a softening used market.

Doesn’t hurt to ask; if they say “no”, I predict you’ll be handing in the keys as they’re going to get stuck with it if they’re stubborn. We saw a ton of that in the electric smart market where the residuals were close to the new prices (as they were nearly “giving away” the new ones). MBFS wouldn’t budge and loads of the cars went to sit in lots for four months until someone realized they were going to sell for the market or auction price one way or another.


 Post subject: Re: FS: 2016 Tesla Model S Best offer
PostPosted: 18 Jun 2019, 19:31 

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Joined: 07/07/10
Posts: 4105
Post Likes: +1190
Company: USAF(RET) Lockheed Martin
Location: Ft Worth
Beautiful Tesla! Good luck with the sale. I absolutely love my Model S and wish I could get another!

Does this car have Free Supercharging? If so, that’s a huge incentive to a prospective buyer.

Engine Out Survival Tactics
paperback & eBook


 Post subject: Re: FS: 2016 Tesla Model S Best offer
PostPosted: 23 Jun 2019, 20:47 


Joined: 12/12/14
Posts: 906
Post Likes: +169
Location: Boise, ID
This may have had some value as a lease-transfer 6-12 months ago, but you're probably out of luck of getting enough of a different than low mileage makes up value.

You'll enjoy the new Raven drivertrain if you bought another S.

I'm still waiting for the price to drop on these a bit more. I think in another year, I'll be in the used market.


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