Need Help Making Decision

Quicksilver

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#1
Hi all,

In four months I will be turning in my leased Chevy Volt. I am a March 31 reservation holder for the model 3 (reserved at the Dallas store). I believe that I will not be able to spec out and take delivery on my model 3 until early 2018. So, between June 2017 to early 2018 I need a car. Since I'm turning in the Volt I am tempted to lease a Bolt to hold me over until my model 3 is ready. At a minimum I think the bolt lease is 24 months. My concern is that my model 3 will be ready way before 24 months is completed. I don't even know if Tesla will hold my reservation for let's say 24 months. Can you all give me some advice as to what I should do between June 2017 to early 2018?

Thanks!
 

InElonWeTrust

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#2
Hi all,

In four months I will be turning in my leased Chevy Volt. I am a March 31 reservation holder for the model 3 (reserved at the Dallas store). I believe that I will not be able to spec out and take delivery on my model 3 until early 2018. So, between June 2017 to early 2018 I need a car. Since I'm turning in the Volt I am tempted to lease a Bolt to hold me over until my model 3 is ready. At a minimum I think the bolt lease is 24 months. My concern is that my model 3 will be ready way before 24 months is completed. I don't even know if Tesla will hold my reservation for let's say 24 months. Can you all give me some advice as to what I should do between June 2017 to early 2018?

Thanks!
You can extend the lease out monthly for a certain amount of time. Maybe you'll get lucky and it won't be too long between this and the arrival of your 3. Or if not, assume the remaining lease of someone that wants out of theirs. You could likely find a one year lease available with little to no out of pocket. Check out this site http://www.leasetrader.com/
 

Quicksilver

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#3
Thanks for the tip on Leasetrader.com I never thought about that option. I don't think they can do 6 or 7 months of month-to-month on my current lease. I will ask.
 

TrevP

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#5
Tesla has so far let people hold onto reservations for years. You're not obgligated to configure or confirm an order until you're ready to do so.

If you can do a 1 year lease on whatever you're interested in then consider that. Another option would be to buy a used EV and sell it when Model 3 arrives. If I wasn't currently in a lease I'd certainly consider a CPO Model S and perhaps sell it if the Model 3 fit my needs better when my time came. Until then I still have a year on my lease obligation.
 

Twiglett

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#6
Hi all,

In four months I will be turning in my leased Chevy Volt. I am a March 31 reservation holder for the model 3 (reserved at the Dallas store). I believe that I will not be able to spec out and take delivery on my model 3 until early 2018. So, between June 2017 to early 2018 I need a car. Since I'm turning in the Volt I am tempted to lease a Bolt to hold me over until my model 3 is ready. At a minimum I think the bolt lease is 24 months. My concern is that my model 3 will be ready way before 24 months is completed. I don't even know if Tesla will hold my reservation for let's say 24 months. Can you all give me some advice as to what I should do between June 2017 to early 2018?

Thanks!
I was looking at http://driversselect.com/inventory/view/ who are in your neck of the woods.
Last time I looked they had great deals on all sorts of two year lease cars.
In the end I got a great deal on my LEAF from Nissan for about $7K so was happy with that.
At least until I can order my M☰ at least.
 

garsh

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#7
In the end I got a great deal on my LEAF from Nissan for about $7K so was happy with that.
If you don't think you can swing a CPO Tesla Model S, then a used Leaf is a great way to try out an electric car on the cheap. They are not holding their value well at all. If you can get by with only 50-60 miles of range, a 2011-2012 Leaf can probably be had for under $3k (I was quite upset to see how much my 2012 is worth).
 

Quicksilver

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#8
All great suggestions. Thanks! I've driven in a Leaf and not too fond of it. I'll definitely check out Driver Select.

I am looking at several Fiat 500e on Carvana and Driver Select. The prices look good. Does anyone have experience driving a 500e? My concern is where do I get it serviced in Dallas since they were not sold in Texas. Thoughts?

Just saw that there is a Power Inverter Module software recall on the NHTSA site (June 2016). I wonder if local Fiat dealers can do the recall work since the 500e is technically not sold in Texas.
 
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LUXMAN

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#9
I have had 2 leafs. One I leased then I bought a '15. I have driven over 55k miles with them in the DFW area since Early 2013. No issues at all. So at that low price for a used Leaf, if you are able to get the full rebate on your Model 3, you could say that Uncle Sam bought you a car. I plan on keeping mine after the 3 comes and let the kid drive to HS as well as for errands to Wal-Mart cuz I wont be wanting to park the Model 3 there! :eek:
Barring that, I would consider the lease extention or see if someone will lease you something for a year
 

bmost88

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#10
Living in DFW area as well and I'm hoping to get it before the end of 2017 but I suppose that's wishful thinking. Just put about 2 grand into my current car to make it last till the 3 comes out. Time will tell I guess. I think your best bet would be to see if you can extend the lease and by how much. Worth talking with the dealership your options with your current car. Could also buy it outright and then sell it before the model 3 gets here.
 
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#11
Tesla has so far let people hold onto reservations for years. You're not obgligated to configure or confirm an order until you're ready to do so.

If you can do a 1 year lease on whatever you're interested in then consider that. Another option would be to buy a used EV and sell it when Model 3 arrives. If I wasn't currently in a lease I'd certainly consider a CPO Model S and perhaps sell it if the Model 3 fit my needs better when my time came. Until then I still have a year on my lease obligation.
I never knew that, thank you! I have Hyundai Elantra Sport now and I wanted to at least keep paying on it for a couple of years to break even when trading it in, but I didn't know Tesla will hold reservations. I'm looking to fulfill my reservation beginning of 2019 if they would let me. Thanks again!
 

Quicksilver

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#12
Thanks all for the suggestions. I found my solution: I got on Swapalease and found a short term lease for an i3 that will take me to February of 2018. I hope that my Model 3 will be ready by then, if not, I can do a month-to-month to keep the i3 a couple of months longer until my Model 3 arrives. I am reviewing the assumption process on the lease and have been talking to the current i3 leasee.

I was initially concerned about the i3 short range but it will work out since my daily work commute is 6 miles round trip. I spend most of my driving on the weekends.
 

Quicksilver

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#17
I do have a mountain bike that I ride regularly but not to work. Besides what Garsh said, and except for a small window during the year, the weather in the Dallas area makes it unappealing to ride your bike everywhere. Can you imagine riding in 110 degrees with 90% humidity? Now if I was living in northern or southern California, I may bike to work regularly. Motorists in Texas do not like sharing traffic lanes with bikers and you take your life in your own hands when biking.