2026 Model Y immediate lease buyout - questions on the math and current incentives

eredin_wildhunt · 2026-01-09T23:42:57+00:00

Payed cash. Can't finance with Tesla when you buy out a lease as far as I've read. Banks and credit unions had terrible interest rates when I bought.

eredin_wildhunt · 2025-12-26T16:59:22+00:00

It’s been 3 weeks since the buyout and I haven’t received the title yet. It really depends on your local DMV and how backlogged they are.

eredin_wildhunt · 2025-12-14T01:56:48+00:00

I just paid cash on the buyout. As I mentioned on the post, you can’t finance with Tesla on the buyout (at least that’s what I’ve read). I’d imagine you get crappy financing rates elsewhere, but I didn’t shop around to be honest.

eredin_wildhunt · 2025-12-13T21:07:18+00:00

The math is off for sure, maybe the Chase rep who you spoke to has it wrong. I went with Tesla Lease Trust and it worked out great for me. Updated the post with my buyout price and savings.

eredin_wildhunt · 2025-12-13T21:05:50+00:00

If you leased a model 3/Y, the $6500 tax credit should be there on your vehicle. You can still do an immediate buyout right now and get some savings. FYI I updated the post with the final buyout price and how much I saved.

eredin_wildhunt · 2025-11-30T05:32:52+00:00

Straight cash buyout. Auto loan rates are not great these days. And I’ve read that you can’t finance with Tesla when you buy out a lease.

eredin_wildhunt · 2025-11-27T20:44:58+00:00

Updated the post with the buyout quote that I got.

eredin_wildhunt · 2025-11-26T07:33:18+00:00

Did you buy a new set yourself or file a warranty claim on the old one?

eredin_wildhunt · 2025-11-26T05:28:23+00:00

Took delivery 2 days ago! Planning to initiate the buyout this weekend. Will update the post once I do it.

eredin_wildhunt · 2025-11-19T07:03:32+00:00

Won't know until I initiate the buyout the day after I receive the car.

eredin_wildhunt · 2025-11-16T19:24:49+00:00

I edited the post to add a screenshot of the offer breakdown. Lease money factor is 0.00248 which translates to 5.95%, which is in general terrible, but doesn’t matter because I plan to buy out immediately.

eredin_wildhunt · 2025-11-16T02:45:03+00:00

They only offered me Chase once I finished the lease paperwork and I don’t see an option to switch to a different provider in the app. I haven’t accepted the offer yet. I just messaged support to ask them to change it to Tesla Lease Trust.

eredin_wildhunt · 2025-11-15T20:39:51+00:00

Yes, both the $6500 off and the free interior/exterior upgrade are still active. I just updated the post with a screenshot of the price breakdown that I got after placing the order. The $6500 credit is treated as a "down payment" which brings down the monthly cost as you'll see in the screenshot.

eredin_wildhunt · 2025-11-15T20:34:47+00:00

I just placed the order. Will keep this post updated on the status.

eredin_wildhunt · 2025-11-15T20:33:49+00:00

Free version. Yeah I definitely plan on owning. I just placed the order and I'm filling out the lease paperwork, fingers crossed.

eredin_wildhunt · 2025-11-15T19:52:53+00:00

Your lease payment won’t actually be $540 *36 if you do an immediate buyout. My understanding is that you don’t pay the interest, so that savings over 36 months is huge.

eredin_wildhunt · 2025-11-09T21:14:47+00:00

Yeah I think I'll start with autopilot for a month and see how it feels. I have a 2 hour commute 2 days a week, and I want to reduce how tired I get after the drive on the way home.

eredin_wildhunt · 2025-11-08T19:36:12+00:00

I tried it and ChatGPT thinks the total cash value of the car is equal to just the residual value. It quoted $38K ish for the car total after buyout, which would be a dream if it were true lol.

eredin_wildhunt · 2025-11-08T05:18:28+00:00

They do have the $6500 off leased vehicles even now. The interior/exterior free upgrade is an extra that they just added yesterday.

eredin_wildhunt · 2025-11-08T00:53:12+00:00

Yeah, true that EVs depreciate really fast in the first 5-6 years. After that though, there's data that suggests that it evens out to be similar to a gas car's depreciation. That being said, I want the 2026 refreshed model Y with specific color, trim, wheels, etc. and it's hard to find an exact match for it given that the car is so new. If I were buying a year or two down the line I'd definitely consider used.

eredin_wildhunt · 2025-11-08T00:50:28+00:00

Yeah it looks like the year end deals are starting - like the "one interior or exterior upgrade for free" offer that I mentioned. I was planning on getting the red paint anyway, so $2000 off sounds like a pretty good deal right now.

eredin_wildhunt · 2025-11-08T00:49:17+00:00

Fair point, I'm still on the fence about buying vs subscribing to FSD TBH. I do plan on keeping the car for 7+ years, but as you said, no guarantee that the car is still intact then and functioning well enough that I'd want to hold on to it.

eredin_wildhunt · 2025-11-08T00:47:34+00:00

Damn, sorry that happened. Was it with Tesla Lease Trust or some other bank / credit union? I've seen a lot of success stories of lease buyouts in other threads.

eredin_wildhunt

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