- Oct 30, 2020
- Reaction score
- 2021 First Edition Rapid Red
Using MSRP of $54,700 plus destination of $1,100 total of $55,800 with residual of 58% and money factor of .002, (4.8%) that is a monthly payment of $827 before tax and with tax almost $900 a month.My reading between the lines inferred 57-58 for 10k and money factor at .002 (Uhg!!!)
That is almost $200 a month more than a Model Y.
For a car with a MSRP of less than $60,000 a monthly payment with tax of almost $900 a month is a non starter.
By comparison I am presently leasing a 2018 Ford Edge Sport, MSRP $47,840, with everything in including NY State sales tax and acquisition fee, with ZERO down at leas signing, $407 a month, 36 months, 10.5K miles per year.
I can lease 2 Edge Sports for less than the price of one MME!
To me at least a MME at almost $900 a month makes no sense..