Edmunds makes it easy to calculate lease rates for Tesla, and find great deals on leases near you.
For well-qualified lessees, signing a lease can be a great financing alternative. Your Tesla dealer can tell you about in-house financing options that may be advantageous. And you may not know it, but you can often get similar discounts on dealer stock when you purchase, so you won't be leaving any savings on the table. Remember that a lease deal you see on another site likely excludes taxes and fees, so make sure you do your math when evaluating other offers. The total price can also change if you're a low-mileage driver, or expect to drive excess miles over the typical 12,000 per year.
Not enough lease payments provided for the vehicles on this page to answer this question. Note: Leasing costs can vary based on available inventory, seasonal specials, manufacturer deals and other incentives. These amounts do not include any additional fees or taxes. Learn more about Tesla lease deals
Yes, you can negotiate a leasing deal on a new Tesla. It just takes some legwork. Call,
text or email the leasing department of local dealerships and ask for prices on the inventory you're interested
in. Be sure to ask about the initial payment (or first payment) amount and any incentives, finance deals or
specials. Also, be sure to inquire about taxes and dealer fees, if any. Your goal is to gather a handful of lease
price quotes and get a feel for how the dealerships will treat you. From this point, you can either take the best
deal or call other dealers and see if they can beat that price. If no one budges, you are at rock bottom. Also,
make sure to ask for a price breakdown of the deal. A breakdown should include sales tax and finance charges and
reveal any hidden fees. Doing so allows you to accurately compare a variety of leasing quotes. Learn more about Tesla lease deals
As with many carmakers, extra mileage charges can vary from brand to brand and car to car. In
some cases, the over-mileage charge can vary even on the same car within a brand, depending on the trim level.
These extra mileage charges are often determined by the manufacturer's suggested retail price (MSRP) of the
auto: the higher the MSRP, the higher the charge. These charges can be as little as 10 cents a mile or as much
as $1 a mile. The average charge is usually around 25 cents per mile. The best way to check the exact charge for
the car you're considering is to visit the carmaker's website and read the fine print. If you signed a lease and
forgot to check your over-mileage charge, take a look at your contract. It will be listed there. Learn more about Tesla lease deals
Some lenders allow you to transfer a lease and others won't. Even among brands that do permit
transfers, there is no clearly defined set of rules that can easily answer this question.
For example, some lenders will only allow transfers within the same state, within certain time frames, or
under certain circumstances. If a bank does allow options for transfers, expect to pay a transfer fee. This bank
fee can be as high as $600, depending on the lender. One thing that seems to be consistent across brands is that
the person hoping to assume the lease will need to qualify under the lessor's (bank's) credit guidelines. The best
way to know if you can potentially transfer a lease is to call the lender and ask. The dealership you're
purchasing from may not know. Learn more about Tesla lease deals
Buying out a Tesla lease could be a good move for some people, especially if the automobile
has a reasonable buyout (residual) price. A few questions to ask yourself:
Do I see myself driving this car for the next five years? If not, a lease buyout probably isn't right for you.
Is the car priced well for the market? This is an easy question to answer. Look up other automobiles like yours
on the used-car market, and compare those prices to your residual amount. If the residual is significantly lower
than similar pre-owned inventory for sale, you may have a good deal on your hands.
Will this automobile have a reasonable cost of ownership if I do buy it? Most leases end around the same
time as the factory warranty. So if you're considering a buyout, it would be a good idea to take into account
the long-term repair cost history of a brand before making a final decision.
While many shoppers base the buyout decision solely on the selling price, a smarter move is to factor in
expected long-term costs. Remember, you'll be responsible for covering the costs of maintenance, parts and
repairs if something goes wrong.
Edmunds has a tool that will help you anticipate the costs of maintaining a
leased car that you buy out. It's called True Cost to Own (TCO), and it is free to use. TCO will give you a
five-year breakdown of what you can expect the auto to cost you in terms of parts and repairs, upkeep, fuel
and depreciation. Learn more about Tesla lease deals