So you‘re intrigued by the thought of cruising around in a high-tech Tesla electric vehicle. But buying isn‘t feasible and leasing fits your needs better over 3-4 years. Great idea! Leasing can make these premium EVs accessible at reasonable monthly rates.
But here‘s the catch – Tesla lease pricing has huge variability. Monthly payments can range from around $350/month to over $2,900 based on everything from models to custom premium upgrades.
This causes major confusion evaluating options. You need clarity on real pricing and where there‘s flexibility to get the Tesla experience you crave for an affordable budget.
That‘s why we researched the latest new Tesla lease rates and incentives by trim, along with hidden fees and regional variability, to empower your decisions. Keep reading for everything you need to decide – which Tesla is the best fit your needs and budget if leasing today.
Tesla Lease Pricing 101 – The Key Factors At Play
While printing a monthlycheck for your sleek new Model 3 sounds simple, many key factors influence the amount:
1. Base Vehicle Trim and MSRP – Each model (Model 3, Model Y, Model S, Model X) then breaks down into trim levels with different sticker prices – Long Range, Performance, Plaid, etc.
2. Lease Term Length – 24, 36 and 48 month terms have different money factors and residiual values. This changes the monthly rate formula.
3. Annual Mileage Needs – Leases allow 10-15k miles typically, but overage charges do apply for driving beyond that.
4. Down Payment Amount – Pay more upfront to lower ongoing monthly costs (around $4k minimum for most Tesla leases)
5. Incentives and Tax Credits – State and utility rebates can slash overall lease costs by thousands.
6. Additional Options/Customization – From paint color to performance brakes, any add-ons raise rates higher.
Now we‘ll break down today‘s average buy rates within those framework categories across Tesla‘s full portfolio.
Model 3 – Tesla‘s Most Affordable Sedan Lease Options
The Model 3 is likely Tesla‘s most popular lease choice thanks to its technology, performance and entry luxury pricing. How do real world rates shake out by trim and term length?
Model 3 Rear-Wheel Drive – $354/month – 36-month term, $4,000 Down
Black paint adds $31/month
Model 3 Long Range AWD – $524/month – 36-month term , $4,000 Down
Sport wheel upgrade adds $92/month
Model 3 Performance AWD – $644/month – 36-month term, $4,000 Down
Red multi-coat paint and white interior quotes ~$1,002/month!
You‘ll notice the Performance version commands nearly double the base Rear-Wheel Drive pricing. Though with restraint on colors and wheels to retain functionality, hitting sub $600/month on the legendary acceleration Long Range is possible.
We recommend the mid-tier Long Range to blend speed and value unless you really crave that 3.1s 0-60mph time!
Model Y – The Practical Tetsla SUV Crossover Lease Option
The Model Y takes the technology of the Model 3 and packs it into a more functional small SUV design. Pricing incrementally higher:
Model Y Long Range AWD – $624/month – 36-month term, $4,000 Down Payment
A roof rack only added $18/month more
*Model Y Performance – $759/month – 36-month term, $4,000 down
Blue paint and inductions wheels takes this to $1,112/month
With seating for 7 and expansive storage, the Model Y unlocks capacity for small families or outdoor adventurers relative to the Model 3. We think versatile Standard Range Plus trim balances capability and affordability.
But what about Tesla‘s larger, more luxurious vehicles?
Model S – The Pinnacle of Tesla Technology and Performance
Representing the top-end flagship sedan offering, the Model S leans into premium features, expansive touchscreens and space-age aesthetics. You pay accordingly:
Model S Long Range – $1,374/month – 36-month term, $5,000 down
The executive rear seating package adds $113/month
Model S Plaid – $1,824/month – 36-month term, $5,000 down
Fully loaded quote reached $2,417/month
The Plaid trim‘s near-$2,000 payment leap shows the steep price of performance, with 1,020 HP enabling 1.99s 0-60mph acceleration!
While the Model S carries a luxury cost premium, its 400+ mile range alleviates range anxiety for road trips. The expansive glass roof and interior space also impress.
Model X – Tesla‘s Ultra-Luxury High Performance Electric SUV
If you want absolute opulence and performance in an electric SUV, the Model X is your answer with raked lines and exotic Falcon Wing doors:
*Model X Long Range – $1,474/month – 36-month term, $5,000 down
A tow package and 20" wheels adds $92/month
*Model X Plaid – $2,024/month – 36-month term, $5,000 down
Fully customized Plaid quotes reached $2,937/month
Yes, you read that correctly – upwards of $3,000 per month if you go all-in on the features, paint, wheels and performance upgrades.
But even the "basic" Long Range model asks over $1,400 monthly for its 3 row seating, luxe styling and 338 mile range.
If you love the Model X persona and must have the signature Falcon Wings, just know it comes at a heavy premium.
Regional Variability – Are Tesla Leases Available In Your State?
While this analysis covers national averages, note that Tesla only directly leases/services vehicles in some regions:
Available States: AZ, CA, CO, CT, FL, GA, HI, IL, IN, MA. MD, ME, MN, MO, NC, NH, NJ, NV, NY, OR, PA, RI, SC, TX, UT, VA, VT, WA plus Washington DC.
In other areas you‘ll need to use third-party lenders with likely different rates. Always verify program details for your location.
The Fine Print – Other Essential Lease Considerations
Beyond the monthly payment, you need to scrutinize lease terms for hiccups like:
- Mileage Overage – Charges can hit $0.25-0.35 per mile over limits
- Disposition Fee – $350+ charge when returning vehicles
- Early Termination – Fees equal remaining payments if closing early
- Insurance Requirements – Comprehensive coverage is mandatory
Things like maintenance and roadside assistance are thankfully included, but otherwise read all terms closely!
You also need an exit strategy – purchase, trade-in and equity details for lease end. More to think through.
Let‘s Find Your Perfect Tesla Lease Match!
Hopefully this analysis has broken down the flexible options and where to find value for your budget.
With the right trim, discipline on fancy add-ons, and term length aligned to your needs, leasing a Tesla is attainable.
First decide if the compact Model 3/Y or spacious Model S/X better fits your lifestyle. Then use our pricing guide to target affordable lease payments from there!
We wish you happiness and zero gas station stops in your future Tesla! Please share your thoughts on the perfect match for you after reviewing the options.
