GETTING MY NEW 2021 TESLA MODEL Y: lease vs. buy, monthly payment, insurance, and why I got a Tesla!

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11:In today's video I am taking you through the process of getting my BRAND NEW 2021 MODEL Y TESLA!! I go test driving with you, explaining why I chose to lease my tesla over buying, give you an insight on how much my monthly car payments are (including car insurance), and WHY I got a Tesla!

TIMESTAMPS:
0:00 - 1:43 Intro/Backstory
1:43 - 3:35 Why I am Getting a Car
3:35 - 5:38 Test Driving a Tesla
5:38 - 8:55 Deciding to Lease a Tesla
8:55 - 9:26 GETTING MY TESLA 2021 MODEL Y
9:26 - 11:12 Leasing vs. Buying
11:12 - 13:49 Cost Breakdown
13:49 - 14:21 Outro

#TeslaModelY #GettingATesla #Tesla

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same!! i'm leasing my car as well. i hate when people say leasing is a waste of money but it's my first car that I'm paying for on my own, helps me build credit, AND i don't know where I'll be in a couple of years. i 100% agree with your reasoning especially with the car depreciating value.

free-palestine
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According to the internet, a battery for the Model 3 is $3000-$7000 dollars. The batteries last 300, 000-500, 000 miles so it's really not bad at all.

abrielle
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Your new car is beautiful! Thank you for being so open about what you’re paying and letting us know what the process of leasing was like!

omgeeitsmelodee
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I used to work for JPMORGAN CHASE and handled lease payments and information for the future. Please NEVER put a down payment on a lease vehicle.
There is no reason to it’s just wasted money. Especially in the end.
It doesn’t go towards the purchase price if you want to buy the car in the end all it is is money for the dealership... It’s been years since I worked there but I think for every $1000 you put down it only takes off $10 monthly. Something like that.
I’m obsessed with your vehicle 😍😍 I think Teslas are so cool!

dominiquedixon
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Your videos are always so helpful and informative!! I love that you're transparent and breaking down costs for people who may be interested like I am

nohelyan
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My fiancé and I just got a model 3 performance and we love it! Tesla’s are so fun! You should never have to replace the new batteries they are supposed to last a million miles!

boroblastbritt
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The great part about Teslas is that their value can go up after driving off the lot compared to a gas cars because you get software updates and you can get upgrades like autopilot which will make it be worth more. I’ve seen people selling their 2018-2019 model 3s and they’re getting offered more than what they paid for the car 😅 I have a model Y as well and I decided to buy mine for that reason. Enjoy your new car! You’re going to love it 🤍

almalizette
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I think for people who don't drive a lot and like to change cars or may not need a car long-term, a lease is a good option, but Teslas are a bit of a different animal than a regular car. First, with respect to the concern about battery replacement, according to Elon Musk Tesla batteries last 300, 000 - 500, 000 miles. Depending on how much you drive, you probably will never need to replace the battery, and there is also an 8-year/150, 000 mile warranty on the battery. In terms of depreciation, EV's don't depreciate the way ICE cars do. The Tesla Model 3 depreciates only 10% after 3 years. That's incredible! Not sure about the Model Y at this point (probably too early to know). Also, Tesla takes trade-ins at very high value to populate their upcoming fleet of robo-taxis. Teslas retain their value in private sales as well because there isn't an engine or tons of other moving parts to sustain wear and tear, so mileage doesn't really mean the same thing as it does with an internal combustion engine car. They also have the highest safety rating of any car tested in the U.S., which boosts their re-sale value. The other reason to buy is that, unlike "regular" cars where you need to buy a whole new car to get the upgraded features of newer model years, most of Tesla's upgrades are done via software, so your car will have tons of new features each time there's a software update. You buy one car and it just keeps getting better over time. Anecdote: I know of someone who traded in their Model X after years of owning it for a brand new Model Y Performance (an almost $70K car) and the guy walked out with his brand new car PLUS a check for almost $10, 000. Granted the Model X is more expensive, but I've literally never heard of a car company cutting a check for that much while also handing over a brand new $70, 000 car. So cool!

izzynsolly
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currently looking into leasing for a tesla as well, and I've been so indecisive about that decision because of the downsides of it as well, and so your opinion sounded so good! i think this just made my decision a bit more clear oh my goodness. thank you for this video!! have fun with your tesla <3

sushiiakemi
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If you plan to hold the car for 3 years, you should definitely lease. Buying is better when you hold the car over 5 years. THe mistake people make is when they keep leasing the same car, like someone who keeps leasing a BMW 3 series. You get some minor technology improvements and you don't worry about repairs, but you are paying way more than if you just bought the car. If you like to experience different cars, then leasing makes sense.

ymcpa
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I am so happy for you! I think leasing is a great option for you considering you don’t know where you will be!

oliviarunkle
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Okay, hearing about your experience about the Tesla or going into a Tesla store made me even love Tesla even more. I CANNOT STAND CAR SALESMEN. I've bought cars before and went into different dealerships and oh man, they are PUSHY! I can't stand it. Love this video!

jeannelle_
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It usually cost between 3-7000 dollars but you really only need to replace it when it gets to 300-500, 000 miles. Which is a big gap but it depends what model and specs you have. So unless you do a lot of driving or plan on having this car for a long time you most likely won’t have to replace the batter

loganp
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Ahhhh!! This is so dope, I literally was obsessed when you rented it and now it’s yours 🤩

jenguady
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The car looks so sleek! Not many people realize how cheap it is to fuel(charge) an electric car. If you drive a BMW X3 1000 miles every month, you'd be paying $140/month for gasoline at $3/gallon price. For Tesla, you'd only be paying around $23/month for same miles at 10c/kw price. That is $117 of savings per month!

mydutube
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i leased as well. my thought process was that Tesla will probably come out with a longer range battery in the next few years.

bobo
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this is exciting! I just got myself a 2020 nissan versa sv. i'm a toyota person but i dropped the gun too fast and this is what i ended up leaving the lot with, lol i'm grateful! all glory to i'm like watching these types of videos! i have videos of my car on my channel too!

nicoletiana
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Tesla’s don’t depreciate really. Nothing like gas cars.
Also, there’s evidence to suggest they may appreciate over time

illmatic
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I worked at a car dealership it’s only good to lease on luxury cars you just don’t want to spend on maintenance on down the road like bmw, Audi aka Europe cars. Also 6K down payment is a lot 🥲 on top of a monthly payment of 500, month you won’t see that money again since your leasing vs finance yeah loses its value but will be your car at the end of the day. But congrats on your new car!

PattyTorresxo
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I think what I'm going to do since this will be my first ever car purchase (no history of car payment or mortgage), is lease a model 3 in December (ill have like 10k put away for when I want to finance later) that way I can get a model 3, and help build a car payment history on my credit to make it easier to get a low apr without a cosigner.

thedrumman