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The Money Desk · Blog
Re:

The Best Tesla Lease Deals Right Now: Terms, Costs and What to Check

Tesla lists 36-month lease promotions for Model 3, Model Y and Cybertruck, but the captured offer text does not show monthly payments. Compare the down payment, mileage, fees and live quote before signing.
From TheFinanceBase Team4 min to read

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Tesla’s U.S. offers page currently lists lease promotions for the Model 3, Model Y and Cybertruck. The captured offer terms show $3,000 down for Model 3 and Model Y, and $5,000 down for Cybertruck; each is listed for 36 months and 10,000 miles per year, plus a $695 acquisition fee. The page text available for these offers does not show the monthly payments, so check Tesla’s live quote for your location and configuration before deciding.

Current Tesla lease promotions

Tesla says its promotions can change or end at any time. The terms below were shown on its offers page for applications submitted after August 24, 2026. Confirm that the promotion is still available and that your chosen vehicle qualifies.

Vehicle Down payment shown Term Annual mileage Acquisition fee Monthly payment
Model 3 $3,000 36 months 10,000 miles $695 Not shown in the captured offer text; confirm with Tesla’s live quote.
Model Y $3,000 36 months 10,000 miles $695 Not shown in the captured offer text; confirm with Tesla’s live quote.
Cybertruck $5,000 36 months 10,000 miles $695 Not shown in the captured offer text; confirm with Tesla’s live quote.

These are promotional terms, not a guaranteed quote. Tesla requires credit approval, and taxes and other fees may apply. See Tesla’s current offers for the live promotion and its footnotes.

How much does a Tesla lease cost per month?

The monthly amount depends on the vehicle configuration, location, down payment, lease term, annual mileage and credit approval. The promotional text captured for the three models above does not state monthly payments, so there is no reliable universal payment to quote from it.

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Tesla’s inventory page showed one configured Model 3 Performance at $649 per month with $3,000 down for 36 months and 10,000 miles per year, or $735 per month with $0 down. That is a listing for a particular configuration, not a nationwide Model 3 price or a promise that the vehicle is still available. Check the specific Model 3 inventory listing for its current details.

Tesla says lease estimates exclude taxes and fees and are not guaranteed; the final offer is subject to underwriting. Its online lease pricing tool is currently available for Model 3 and Model Y. Use the Tesla leasing guide to access the current estimate process.

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How to compare Tesla lease offers

  1. Match the vehicle and configuration. Compare the same model, trim and options, and use the same location. Configuration and inventory status can affect the displayed quote.
  2. Compare the amount due at signing, not just the monthly payment. A lower payment can come with more money paid up front. Include the down payment and acquisition fee, as well as any taxes and other fees in the quote.
  3. Keep term and mileage consistent. The featured promotions specify 36 months and 10,000 miles per year. Tesla’s estimate uses down payment, term and annual mileage as inputs.
  4. Check the full cost and eligibility. Ask whether the displayed estimate includes applicable taxes and fees, and confirm the credit terms after underwriting. An estimate is not a guaranteed approval or final payment.
  5. Confirm the offer in your state. Tesla says leasing is not available everywhere; verify current availability and the exact offer before submitting an application.

Who can lease, and how do you apply?

Tesla’s U.S. leasing guide lists availability in AK, AL, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NH, NJ, NM, NV, NY, OH, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WV and WY. Availability and fees can change, so check the live state list and leasing requirements.

  1. Start the vehicle order and delivery tasks in the Tesla app.
  2. Submit a lease application and select Tesla Lease.
  3. Review the due-at-signing amount, monthly payment, term and annual mileage shown for your offer.
  4. Complete Tesla’s underwriting process and, if approved, take delivery.

The name on the lease application must match the vehicle registration. Tesla’s cited guidance says the applicant must take delivery and that business-only, trust and commercial financing options are not offered through this process. See Tesla’s financing options for its term guidance: qualifying customers may have lease terms from 24 to 36 months, while the promotions listed above specify 36 months.

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What happens if you exceed the mileage allowance?

Tesla says miles above the contracted annual allowance may be charged at $0.25 per mile. Some Tesla Lease Trust lessees may be able to purchase additional miles through the app, subject to eligibility and timing requirements. If your lease is through a third-party lessor, that lessor sets its own options. Check the contract and the current Tesla mileage guidance before relying on an allowance or add-on.

Do incentives or tax deductions apply to a Tesla lease?

Do not assume a purchase incentive applies to a lease. Tesla’s current-offers page describes a potential deduction of up to $10,000 for qualifying vehicle-loan interest and explicitly excludes leases and used vehicles from that deduction. Local or utility incentives listed on Tesla’s incentives page depend on location and eligibility; verify whether a specific program applies to your lease and circumstances.

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Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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