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I got there on the late end, but apparently it peaked close to 100 people.

Folks are apparently coming back every Saturday. MSP folks, plan ahead! Maybe I’ll see you there! Link in the prev post.

Late arrivals are fine, even welcome! Seems like the main crowd was there 11-12:30ish, but some folks were staying until almost 2:00.

We got a •lot• of friendly honks and waves — including from many people in Teslas!

Hs anybody put together a resource on how to break a Tesla lease? It seems like there’s a lot of people who’d like to ditch the damn things, but don’t know where to start. A practical guide could be •really• effective.

I’m really serious about that previous post: we need an expert guide to breaking a Tesla lease. What are the options? What are the costs? What are the tradeoffs? How should one go about it?

I am not even close to having anything like the expertise to answer these questions. But if someone out there •is• an expert, I would love to help you write up, format, and distribute a guide.

This could matter. Lots of people out there just feel sick about driving a Tesla, desperately want out of their lease. The right information could unleash something formidable.

@inthehands
We leased our Tesla in 2019, lease expired in 2022. The pandemic led to a huge shortage of used cars so we bought the car for $50k+ and could have flipped it the next day for $60k

Sold it last month at a 5-figure loss

If you want to break the lease, the usual path would be to sell the remainder of the lease to a third party broker but Tesla no longer allows that

Breaking the lease means a huge loss, penalties, etc. — the cheapest path would be to buy out the lease then sell it

@kims
Useful info, thanks.

An online tool to calculate the cost of buying out & selling would be useful. Even though that doesn’t take money directly out of Tesla’s pocket, it still helps tank the market.

I’ll bet a clever team of lawyers could recommend some more devious tacks for those stuck in the lease.

@dekk
“the market value Tesla is willing to give for breaking a lease”

Say more? I feel like I’m only halfway to understanding this train of thought, but like its direction.

@dekk
Wait, wait, I think maybe I follow: Tesla makes you “pay the difference between your adjusted lease balance and the current market value of your vehicle.” So if the current market value is dropping, then more and more leases become free to break…?

@inthehands The opposite. But Tesla may be the last to recognize the decline in MV, so possible that mass action could get many lease returned before MV offers drop.

@dekk
Ah, right, OK, I am finally with you. So for potential lease-breakers, there’s strategic value in (1) moving early and (2) moving simultaneously.

@inthehands