I felt this deserved its own forum, so my apologies to Volker.Berlin, Brian H., et al. While perusing a vintage car/auction magazine, I read an advertisement from Premier Financial Services. PFS specializes in leasing vintage, exotic, and luxury automobiles. I inquired if they would lease a 2013 Model S – 36/48/60 months. My “S” has an MSRP of $76,820 (w/o rebates). I also mentioned I put $5K deposit down. My contact at PFS is Juan Garcia and he is the West Coast Sales Manager. email@example.com . Here are the numbers.
36 months / $5,099.11 down/monthly payments of $1,636/purchase option $30K.
48 months / $5,000 down/monthly payments $1,380 / purchase option $25K
60 months / $5,000 down/monthly payments of $ 1,217 /purchase option $20K
The interest rate is 5.59% for 36 months, 5.97% for 48 and 5.99% for 60. There are two problems: no Federal rebates on leasing and a low residual. When you lease a car from a major manufacture, they subsidize the rate, etc. to make leasing attractive. PFS is the first leasing company I spoke to that said yes. Losing the rebate is very painful (too painful for me), the low residual makes for higher monthly payments but you will get that back in the end when you lease purchase and resell.
Not ideal, but a first step. It won't work for me but do you think?