Tesla Lease Takeover: How to Assume a Lease (2024)
Lease takeovers can save you $3,000-$7,000 on a Tesla by taking over someone else's favorable terms. Here's exactly how the process works, what to watch for, and current available deals.
Browse Available Tesla Lease Takeovers⚠️ Tesla's Unique Lease Transfer Rules
Unlike other brands, Tesla doesn't allow lease transfers directly. You must use third-party services that structure takeovers as sublets or lease assumptions.
How Tesla Lease Takeovers Work
Find a Lease
Search SwapALease or LeaseTrader for Teslas with 6-24 months remaining. Look for:
- Low mileage (under 10K miles/year)
- Original lessee incentives (free Supercharging, FSD)
- Cash incentives from seller
Structure the Agreement
Common takeover methods:
- Sublease: You make payments but original lessee stays on contract
- Lease assumption: Third-party services act as intermediaries
- Cash incentive: Seller pays you to take over their lease
Complete Paperwork
Requires:
- Credit application through the transfer service
- Proof of insurance meeting Tesla's requirements
- Payment of transfer fees ($300-$800)
Current Best Tesla Takeover Deals
| Model | Months Left | Monthly Payment | Savings |
|---|---|---|---|
| Model 3 Performance | 18 | $489 | $2,400 cash from seller |
| Model Y Long Range | 12 | $419 | Free FSD ($12,000 value) |
| Model S Plaid | 24 | $1,099 | $7,500 down payment covered |
Deals from SwapALease as of July 2024
5 Red Flags to Avoid
- High-mileage leases: Over 15K miles/year means overage risk
- Modified vehicles: Tesla may charge fees for aftermarket changes
- Payment history issues: Request proof of on-time payments
- Unclear terms: Only use reputable transfer services
- Location limitations: Some states restrict lease transfers
💡 Pro Tip: The 20% Rule
A good takeover deal should be at least 20% cheaper than starting a new lease, accounting for:
- Remaining payments
- Cash incentives
- Included features (FSD, free Supercharging)