Key Takeaways
1. Tesla’s new Model Y lease offer features no initial down payment, making it more attractive for potential lessees.
2. The monthly lease for the Premium RWD Model Y starts at $479, while the all-wheel drive version is available for $569.
3. Leases are for 36 months with a mileage limit of 10,000 miles per year and no down payment required.
4. The reduced lease price includes a $6,500 credit, introduced after the government tax credit expired.
5. Free upgrade options for the Model Y include interior and exterior enhancements, which are deducted from the final lease contracts before delivery.
The majority of people who own Tesla cars choose to lease them, so any steps the company takes to make leasing cheaper will surely have a big effect.
Tesla is fully aware of this and is rolling out what could be the most attractive Model Y lease offer in a long time, featuring no initial down payment.
Great Lease Offer
This new Model Y leasing option can be combined with free upgrades for both the interior and exterior, including complimentary wheels, white leather seats, or even a tow hitch, which Tesla recently shared.
The monthly lease for the Model Y now starts at $479, with the previous mandatory $3,000 down payment now set to $0 for a limited time. This pricing applies to the Premium RWD model, while the all-wheel drive version can be leased for $569 each month.
Lease Details
These 36-month leases do not require any down payment and allow for an annual limit of 10,000 miles. Tesla managed to bring the monthly lease payment for the RWD Model Y down to $479 by reducing the lease price and including a $6,500 credit that was introduced shortly after the expiration of the government tax credit.
This offer includes the zero down payment and comes with a note that the lease credit may “change or end at any time.” The cost for the free upgrade options is deducted from the final lease contracts before delivery and covers several items.
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