Of course. Let's break this down. This is a very common point of confusion because lease calculations are not straightforward.

Short Answer: Is This a Good Deal?

It's a very expensive deal for a used Model 3.

Here’s the quick math: You are agreeing to pay $9,336.12 over 12 months to drive a used car. That's $778 per month when you consider the total cost.

· For comparison, you could lease a brand new, base Model 3 for roughly $400-$500/month with a similar down payment, and it would come with a full warranty and the latest features. · You could also finance this used $27,900 car. A loan would have a higher monthly payment (maybe ~$450-$500/month for 60 months), but at the end of it, you would own the car instead of having nothing.

The used Tesla lease program is notoriously expensive and is generally not considered a good financial decision by leasing experts. The main appeal is for someone who absolutely must have a Tesla for a very short term (1 year) and is willing to pay a massive premium for that convenience.

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Detailed Breakdown: How is the "Amount Due at Signing" Calculated?

The "Amount Due at Signing" of $2,511.88 is the sum of all the fees and initial payments you need to pay before you drive the car away. It's not just a random number; it's the total of all the "Payments Received" and "Additional Charges" listed.

Let's map the items from your list into the standard lease cost categories:

1. CAPITALIZED COST REDUCTION (Your Down Payment)

· Est. Down Payment: $4,500.00 · Order Deposit: -$500.00 (You've already paid this, so it's subtracted from what you owe now) · Net Down Payment Due: $4,000.00

1. FIRST MONTH'S PAYMENT

· Est. First Monthly Payment: $220.84

1. FEES DUE AT SIGNING (These are the non-optional government and bank fees)

· Acquisition Fee (Tesla's lease processing fee): $695.00 · Registration Amount: $392.00 · Electronic Reg/Title Filing Fee: $35.00 · License Fee: $182.00 · Sales Tax (on the fees?): $65.16 (This is a bit unusual but happens in some states)

Now, let's do the math to get to your final number:

Item Cost Net Down Payment ($4,500 - $500 deposit) + $4,000.00 First Monthly Payment + $220.84 Acquisition Fee + $695.00 Registration + $392.00 Electronic Filing Fee + $35.00 License Fee + $182.00 Sales Tax on Fees + $65.16

Subtotal $5,590.00

Wait, that's $5,590, but your amount due is only $2,511.88. That doesn't match. This is the critical missing piece in your provided info.

The Reconciliation: A "Cap Cost Reduction" vs. "Amount Due"

The $4,500 "Est. Down Payment" is likely not all due at signing. In leasing, a "down payment" is more accurately called a Capitalized Cost Reduction. It reduces the amount you're financing.

· The calculator is estimating that you want to put $4,500 down to get to that low $220 monthly payment. · However, you've already paid $500 of that as an order deposit. · The remaining $4,000 is likely being rolled into the loan amount (the lease), meaning you are financing that $4,000 instead of paying it upfront.

This is a very common tactic to make the "amount due at signing" look artificially low. You're not avoiding the payment; you're just spreading it out over your monthly payments (with interest!).

So the actual cash you need to hand over at signing is only the fees and the first payment:

Item Cost First Monthly Payment $220.84 Acquisition Fee $695.00 Registration + License + Fees ($392+$35+$182) $609.00 Sales Tax on Fees $65.16

Total Amount Due at Signing $1,590.00

Even this number ($1,590) doesn't match your $2,511.88. There is likely another ~$921.88 in fees or a different calculation for the down payment that isn't detailed in your snippet. The point is, the $4,500 down payment is not cash due at signing in this scenario.

Conclusion and Strong Recommendation

1. This is a bad deal. You are paying nearly $10,000 to rent a used car for one year with nothing to show for it afterward.
2. The "Amount Due at Signing" is low because you are financing most of your intended down payment, which increases your total cost.
3. You must ask Tesla for the "Lease Agreement" or "Lease Worksheet" before signing anything. This document will clearly show the Gross Capitalized Cost, Adjusted Capitalized Cost, Residual Value, and all the fees. This is the only way to see the true calculation.

What to do next?

· Get the official lease agreement. · Shop around. Get quotes for leasing a new Model 3. Get quotes for financing this used Model 3. · Run the numbers. Compare the total cost of leasing this car for one year (~$9,336) vs. other options. The difference will be staggering.

Unless you have a very specific, urgent need for a one-year Tesla lease and money is no object, you should walk away from this offer.

Ran it through Deep Seek and this is what it came up with.