How Does Tesla Leasing Work? (2025 Guide)

Leasing a Tesla is the easiest way to drive an EV without long-term commitment — but how does it actually work? In this comprehensive guide, we'll break down Tesla's unique leasing process, costs, and hidden details most dealers won't mention.

Check Today's Best Lease Offers Tesla Leasing Process Infographic

Visual guide to Tesla's leasing process

The Tesla Lease Process: 5 Simple Steps

Tesla has revolutionized car leasing with a completely online process. Here's how it works:

  1. Choose Your Model
    Compare Model Y lease deals (most popular), Model 3, Model S, or Model X.
  2. Customize Your Lease
    Select your term (24 or 36 months), annual mileage (10K, 12K, or 15K miles), and down payment ($0-$5,000).
  3. Credit Approval
    Tesla requires a 680+ credit score for competitive rates (they only do a soft credit pull).
  4. Delivery or Pickup
    Get your Tesla delivered or pick it up at a Tesla Center — no dealership haggling.
  5. Lease-End Options
    Return the car, buy it, or upgrade to a newer model when your lease ends.

2024 Tesla Lease Costs & Fees

Here's what you can expect to pay when leasing a Tesla this year:

Fee Type Cost Details
Monthly Payment $399 - $1,200 Varies by model and credit score
Down Payment $0 - $4,500 Often called "Due at Signing"
Acquisition Fee $695 Charged by Tesla Financial
Overage Miles $0.25/mile If you exceed your annual limit
Disposition Fee $395 Only if you don't buy or upgrade

Frequently Asked Questions

Q: Can I buy my leased Tesla at the end?
A: Yes, but Tesla's buyout prices are typically higher than market value. We recommend comparing prices before deciding.

Q: Are maintenance costs included?
A: No, but Teslas require minimal maintenance (no oil changes, spark plugs, etc.). You're responsible for tires, brakes, and windshield wiper fluid.

Q: Can I transfer my Tesla lease to someone else?
A: Yes, through third-party sites like SwapALease or LeaseTrader.

Ready to Lease Your Tesla?

Now that you understand how Tesla leasing works, use our tools to find your perfect deal:

View Current Tesla Lease Offers