Leasing a 2024 Tesla Model Y is a REALLY BAD DEAL | Loan vs Lease

Buying a Tesla Model Y and think that leasing is the cheaper option? Don’t let the low monthly payment fool you! Leasing will likely end up costing you more money in the long run! In this video I show how leasing a Tesla Model Y MIGHT END UP COSTING ~$8K to $12K+ more in the long run versus financing with a traditional loan.

IMPORTANT NOTE: All of the content found in this video is based on my own personal opinion and should NOT be regarded as financial advice. I am NOT a financial advisor, or a tax professional. Please do your own research or seek professional advice before making a large purchase or financial decision.

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** All video and pictures are used with permission or in accordance with the copyright owner's stated policies and use allowance, or applicable fair use laws. **

Image & Video Clip Sources:

1. Thumbnail images and Tesla images and video clips used in the video Courtesy of Tesla, Inc. (where noted in video).

2. Grey Model Y driving video clip provided by Piston Ring Media | via www.pond5.com

Data Sources:

https://www.tesla.com/support/leasing...

https://www.tesla.com/support/vehicle...

https://www.bankrate.com/loans/loan-c...

NOTE: The content found in this video should NOT be regarded as financial advice. I am not a financial advisor, and this is NOT in any way a recommendation or offer to buy or sell securities. While the information in this video is believed to be accurate at the time of recording, no guarantees are being made about the accuracy of the information presented in the video. As of the recording of this video, I am NOT invested in Tesla stock or securities, nor any other company mentioned in this video.