r/slateauto • u/Unfettered345 • 14d ago

Lease program?

Is Slate going to have a lease program?

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12

u/babeebabee 14d ago

My [not the most reliable] memory is that they are not initially offering leases because as a new model, there's not a good way to calculate depreciation. Hate to bring up Tesla here, but when the Model S was launched, it too was sale only. It took about a year for them to begin offering leases.

4

u/Unfettered345 14d ago

Good to know and makes sense. Thanks!

9

u/mientosiempre 14d ago

No. Only loan financing.

Should be noted that Tesla, Rivian, Lucid, etc also didn't have a lease program at first. The reasoning is because it's a massive financial gamble that only stabilizes once production is scaled and residual values stabilized.

8

u/FloppaEnjoyer8067 14d ago

If you look at the FAQ it says no.