🤯 Tesla Leases: 7 Things You NEED To Know Before Signing [2024] 🤯

Video: The Truth about Leasing vs. Buying a Tesla in 2023 – What You Need to Know!

Let’s talk about Tesla leases, people! You’ve seen those sleek cars zooming around, and you’re probably thinking, “How much does it really cost to get behind the wheel of one?” Trust us, we’ve been there. We at Car Leases™ are obsessed with all things automotive, and we’ve got the inside scoop on Tesla leases. We want to break down those numbers so clearly that even a robot could understand! We’ll cover lease prices, hidden costs, and even give you some “insider” tips on getting the best deal. Ready to finally understand those Tesla lease payments and drive away with a new electric car? Buckle up!

Quick Answer

Here’s the gist of what you need to know about Tesla leases in 2024:

  • Tesla lease prices: Expect to pay around $329 per month for a Model 3, $550 for a Model Y, $1,200 for a Model S, and $1,300 for a Model X – but those numbers are just a starting point!
  • Factors influencing Tesla lease prices: Things like your credit score, down payment, mileage allowance, lease term, and even the specific trim level can all affect your monthly payment.
  • Hidden costs: Always factor in insurance, charging, mileage overage fees, and potential wear and tear charges when budgeting for a Tesla lease.
  • Best deals: Shopping around, negotiating, and considering pre-owned or demo models can save you a bunch of cash.

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Table of Contents

Quick Tips and Facts

  • Tesla lease prices are influenced by factors like model, trim, mileage, and down payment. Think of it like ordering a pizza – more toppings, higher the price! 🍕
  • You can lease a Tesla Model 3 for as low as $329/month in 2024, according to sources like Top Speed (although this may vary based on individual deals and locations). That’s less than a daily cappuccino for some! 🤯
  • Worried about mileage limits? Most Tesla leases come with 10,000 miles per year, but exceeding this will incur additional charges (usually $0.25 per mile). Plan your road trips accordingly! 🛣️
  • Not sure about committing long-term? Leasing offers flexibility, allowing you to upgrade to a newer Tesla model once your lease term ends. It’s like having the latest smartphone, always! 📱

Tesla Lease Prices: A Look At The Numbers (#tesla-lease-prices-a-look-at-the-numbers)

Video: How Much is a Tesla Lease? How Much to Lease a Tesla? How Much Does It Cost to Lease a Tesla?

So, you’re thinking about diving into the world of electric vehicles with a sleek new Tesla? We at Car Leases™ get it! But before you hit the accelerator, let’s break down the cost of leasing a Tesla. Remember, prices can vary based on location, dealership incentives, and your credit score.

Tesla Model 3 Lease Prices

Want to join the electric revolution without breaking the bank? The Tesla Model 3 is a popular choice, and for good reason. Here’s a glimpse at potential lease prices:

Model 3 TrimEstimated Monthly PaymentDown Payment
StandardStarting from $329Around $4,500
Long RangeStarting from $447Around $4,500
PerformanceStarting from $508Around $4,500

Keep in mind: These are just estimates. Actual lease prices can be influenced by numerous factors, including current incentives and special offers.

Pro Tip: Head over to our Latest Car Lease Deals page. You might snag an awesome deal on a Tesla lease! 😉

Tesla Model Y Lease Prices

Looking for more space and versatility? The Tesla Model Y, a compact SUV, might be your perfect match. Here’s a peek at potential lease costs:

Model Y TrimEstimated Monthly PaymentDown Payment
Long RangeStarting from $550Around $4,500
PerformanceStarting from $600Around $4,500

Note: These figures are ballpark estimates. Your actual lease payment could be higher or lower based on various factors like lease duration, mileage limits, and your credit history.

Tesla Model S Lease Prices

Ready to experience luxury and performance redefined? Buckle up because a Model S lease will likely set you back a bit more:

Model S TrimEstimated Monthly PaymentDown Payment
PlaidStarting from $1,200Around $7,500

Remember: These are just estimates! Your actual lease payment will hinge on factors like your chosen trim level, lease terms, and any applicable incentives.

Tesla Model X Lease Prices

If you crave the versatility of an SUV and the exhilarating performance of a Tesla, the Model X might be calling your name. But be ready, luxury comes at a price:

Model X TrimEstimated Monthly PaymentDown Payment
PlaidStarting from $1,300Around $7,500

Pro Tip: Wondering how your credit score factors into lease deals? Check out our in-depth article on Credit Score and Car Leasing to learn more.

Tesla Lease Prices: What You Need To Know

Video: Tesla Leasing Explained | Should You Lease a Tesla?

Leasing a Tesla isn’t about just picking a shiny car. There are a few key things to keep in mind:

  • Down Payment: Like with most leases, be prepared to put some money down upfront.
  • Mileage Limits: Tesla leases usually come with an annual mileage cap. Go over, and you’ll be paying extra fees.
  • Lease Term: This is how long you lease the car for (typically 24-36 months).

Tesla Lease Prices: Factors That Affect Your Monthly Payment (#tesla-lease-prices-factors-that-affect-your-monthly-payment)

Video: The Truth about the Tesla Model 3 Lease Explained.

Here’s the inside scoop on what can make those monthly Tesla lease payments swing up or down:

  • Tesla Model and Trim: As you’ve seen, different models and trims come with varying price tags.
  • Down Payment: The bigger your down payment, the lower your monthly payments (just like a mortgage!).
  • Lease Term: Opting for a longer lease period might score you slightly lower monthly payments, but you’ll pay more over the entire lease duration. It’s a trade-off!
  • Mileage Allowance: Choosing a higher mileage allowance upfront will lead to higher monthly payments. However, it can save you money if you anticipate driving more than the standard allowance.
  • Your Credit Score: A sparkling credit score often unlocks better lease deals and interest rates.

Tesla Lease Prices: The Bottom Line

Video: Tesla Adds $7,500 Lease Clarification.

While the prospect of cruising in a Tesla is alluring, it’s crucial to crunch the numbers and consider your individual needs and budget. Leasing a Tesla can be a fantastic way to experience the thrill of an electric car without a long-term commitment. But, it’s essential to compare prices, understand the lease terms, and explore those potential hidden costs.

Tesla Lease Prices: Should You Lease A Tesla?

Video: Leasing a Tesla Model Y or Model 3 is a BAD DEAL | Loan vs Lease.

Ah, the million-dollar question (or at least a several-thousand-dollar question)! 🤔 Unfortunately, there’s no one-size-fits-all answer. Leasing a Tesla boils down to your personal needs, driving habits, and financial situation.

✅ Reasons Leasing Might Be Right for You:

  • Tech Enthusiast?: Love having the latest gadgets? Leasing lets you upgrade to a new Tesla every few years and enjoy the newest tech features.
  • Driving Habits: Do you primarily drive in urban areas or for shorter commutes? A Tesla’s range might be perfect, and you won’t have to worry about long-term battery degradation.
  • Financially Savvy: Leasing can be a smart move if you want lower monthly payments compared to buying, especially if you don’t have a hefty down payment saved up.

❌ Reasons Leasing Might Not Be the Best Fit:

  • Road Trip Warrior?: If you frequently embark on long journeys, keep in mind that exceeding those mileage limits can lead to extra fees.
  • Long-term Investment: Leasing means you’re essentially renting the car. If you want to build equity in a vehicle, buying might be a better option.
  • Customization King/Queen: If you love tricking out your car with personal touches, leasing might not be the ideal route (those modifications will have to be reversed when you return the car!).

Tesla Lease Prices: The Pros and Cons of Leasing a Tesla

Video: Leasing a Tesla DOES NOT Make Sense Pro and Cons Explained.

Let’s weigh the advantages and disadvantages to help you make a well-informed decision.


  • Lower Monthly Payments: Lease payments are generally lower than loan payments, especially if you secure a sweet lease deal.
  • Drive the Latest & Greatest: Tesla continuously pushes the boundaries of technology. Leasing allows you always to have access to the newest models and features.
  • No Depreciation Worries: When you lease, you don’t own the car, so you’re not on the hook for its depreciation (which can be significant for luxury vehicles).
  • Potential Tax Benefits: If you use your Tesla for business purposes, you might be eligible for certain tax deductions on your lease payments (always consult with a tax professional to confirm eligibility).
  • Warranty Coverage: Most Tesla leases coincide with the manufacturer’s warranty period, providing peace of mind and potentially lower maintenance costs.


  • Mileage Restrictions: Exceeding those pesky mileage limits can lead to hefty fees.
  • No Equity Ownership: At the end of the lease, you’ll have to return the car. No trade-in value or option to sell it, unlike owning a vehicle.
  • Wear and Tear Charges: Be prepared for potential charges for any excessive wear and tear on the Tesla when you return it.
  • Customization Limitations: As mentioned earlier, you’re generally limited in terms of modifications you can make to a leased Tesla.

Tesla Lease Prices: What to Consider Before You Lease

Video: 2024 Tesla Model 3 Performance | Should You Buy or Lease this Car?

Before you sign on the dotted line, here’s a checklist to consider:

  • Your Budget: Be realistic about your monthly budget and factor in costs beyond the lease payment, such as insurance, charging, potential mileage overage fees, and maintenance.
  • Driving Needs: Think about how you’ll be using the Tesla. Is it primarily for commuting, city driving, or do you envision frequent road trips?
  • Lease Terms: Thoroughly review the lease terms, including the lease duration, mileage allowance, and any penalties for early termination.
  • Credit Score: A good credit score can open doors to more favorable lease terms and interest rates.

Tesla Lease Prices: How To Get The Best Deal

Video: Don't Get SCREWED on a Car Lease | 3 GOLDEN RULES to Negotiate a Car Lease.

Ready to snag a fantastic deal on a Tesla lease? Here’s how to play your cards right:

  • Timing is Key: Like with most car purchases, timing can make a difference. Dealerships might offer enticing incentives during certain times of the year, like end-of-quarter or end-of-year sales events.
  • Negotiate, Negotiate, Negotiate: Don’t be afraid to negotiate terms like the down payment, monthly payments, and mileage allowance. A little haggling can go a long way!
  • 👉 Shop Around and Compare: Don’t settle on the first offer you get. Reach out to multiple Tesla dealerships or explore online car leasing platforms to secure the most competitive rates.
  • Consider Pre-Owned or Demo Models: Opting for a pre-owned Tesla or a demo model can often lead to significant savings compared to leasing a brand-new one.
  • Leverage Car Lease Comparison Websites: Utilize websites like TrueCar, Edmunds, and Leasehackr to gain insights into average lease prices for the Tesla model you have your eye on.

Tesla Lease Prices: Where To Lease A Tesla

Video: Leasing a Tesla? Here's What Happens When You Turn It In.

You have a few avenues to explore:

Tesla Lease Prices: What To Do When Your Lease Is Up

Video: Tesla Lease Return | What's The Process | Lots Of Surprises |.

As your Tesla lease nears its end, you’ll have a few options:

  • Return the Tesla: If you’re ready to part ways with your electric companion, you can return it to the dealership (make sure it’s in good condition and within the agreed-upon mileage limits to avoid those dreaded fees!).
  • Buy Out the Lease: Fallen head over heels for your Tesla and want to make it yours permanently? You can typically buy it out at a predetermined price stated in your lease agreement.
  • Lease a New Tesla: Feeling the itch for the latest model? You can always trade in your current lease for a shiny new Tesla!
  • Explore Other Lease or Purchase Options: If you’re ready for something different, you can explore leasing or purchasing a different car altogether.

Remember, your lease agreement will outline the specific end-of-lease options available to you. It’s always recommended to review these details beforehand and communicate with your leasing company as the end of your lease term approaches.


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Leasing a Tesla, especially the ever-popular Model 3, can be an exciting venture. You’ll get to experience the thrill of driving an electric car without the hefty upfront cost of buying, and you can easily upgrade to a newer model when your lease ends. Plus, you’ll be part of the electric vehicle revolution! ⚡️

However, as with any lease, there are considerations and potential drawbacks. You need to be mindful of mileage limits, potential wear and tear charges, and the fact that you won’t own the car at the end of the lease term.

Ultimately, the decision of whether to lease a Tesla truly depends on your individual needs, driving habits, and financial situation. Do your research, weigh the pros and cons, and compare prices from various sources to make an informed decision. 🚗💰

👉 Shop Tesla on:


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How much does it really cost to lease a Tesla?

This is a question that can only be answered with a firm “it depends”! The lease cost is influenced by a whole host of factors:

  • Tesla Model and Trim: The Tesla Model 3 will be cheaper to lease than a Tesla Model X, and the base model will be more affordable than the Performance trim.
  • Lease Term: A longer lease term might offer lower monthly payments but can also mean you pay more over the entire lease duration.
  • Mileage Allowance: If you’re a frequent road tripper, a higher mileage allowance will result in higher monthly payments.
  • Down Payment: The more you put down upfront, the lower your monthly payments will be.
  • Your Credit Score: A strong credit score typically gets you a better lease rate.

Read more about “🤯 Why Can’t You Buy Your Leased Tesla Model 3? – 8 Things You Need To Know …”

How much does a Tesla cost per month?

Similar to the previous question, “how much” is a tricky question to answer.

  • Tesla Model 3: Expect lease payments for a Tesla Model 3 to start around $329 a month in 2024, but remember, this is just an average.
  • Tesla Model Y: The compact SUV, Model Y, typically has slightly higher monthly lease payments, starting around $550 a month.
  • Tesla Model S and X: These luxury models are pricier to lease, costing around $1,200 a month for a Model S and about $1,300 a month for a Model X.

Read more about “Tesla Model 3 Lease Cost: Breaking Down the Monthly Payment … 🚗”

Is Tesla Model 3 $300 a month?

It’s certainly possible to find Tesla Model 3 lease deals that fall into that range, especially with incentives or special offers. But, $300 a month might be the starting point for the cheapest trim levels (maybe a specific base model) with certain lease parameters. Keep in mind that these deals might require hefty down payments, limited mileage allowances, or a longer lease term. Don’t expect this to be the average price point; there are many factors at play!

Read more about “Best SUV Lease Deals … 🚙💰”

How much is it to lease a Tesla Model 3 in 2024?

As of this year, Tesla Model 3 leases are estimated to start around $329 a month, assuming a base model with standard lease terms. But, this can vary depending on factors like location, dealership incentives, and your individual requirements. It’s essential to shop around and compare prices from different dealerships and online platforms to find the best deal for you.

Read more about “🚗 How Much is a Lease on a $45,000 Car? (10 Things to Know) …”

What are the potential hidden costs of leasing a Tesla?

Leasing a Tesla can have a few sneaky costs that might creep up on you:

  • Mileage Overage Fees: If you exceed the annual mileage limit in your lease, you’ll be charged extra.
  • Wear and Tear Charges: The dealership could apply charges for excessive wear and tear on the car when you return it.
  • Early Termination Fees: If you decide to end your lease early, you’ll likely face a penalty.
  • Insurance Costs: Insurance costs for Teslas can be higher than for conventional cars due to their cost and technological features.
  • Charging Costs: While you’ll save on gas, charging a Tesla will still incur costs (unless you have free charging access at home or work).

Read more about “Are there tax benefits to leasing a Tesla? … 🚗💰”

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