$0 Down Tesla Leases: How to Qualify (2024)
Zero-down Tesla leases exist — but they're not advertised. Here are 4 proven strategies to lease a Model 3 or Y with nothing out of pocket, even if you don't have perfect credit.
4 Ways to Get a $0 Down Tesla Lease
1. Multiple Security Deposits
Instead of a down payment, make 5-10 refundable security deposits ($500 each).
Saves: $2,000-$4,500 upfront
Bonus: Lowers your money factor by 0.00035-0.0007
2. End-of-Quarter Promos
Tesla often waives down payments in March, June, September and December to hit delivery targets.
Recent example: June 2024 Model 3 lease deals with $0 due at signing
3. Lease Transfer Takeover
Assume someone else's lease through SwapALease where the original lessee already paid the upfront costs.
Typical savings: $3,000-$7,000 in avoided fees
4. Business Lease Structure
Corporations can often structure leases with 100% financing and tax benefits.
Best for: Uber/Lyft drivers, real estate agents, freelancers
$0 Down vs. Traditional Lease
| $0 Down Lease | Standard Lease | |
|---|---|---|
| Due at Signing | $0 | $4,500+ |
| Monthly Payment | $50-$150 higher | Lower |
| Credit Requirement | 720+ FICO | 680+ FICO |
| Best For | Cash-flow sensitive buyers | Those wanting lowest monthly |
How to Improve Your Approval Odds
- Boost credit temporarily: Pay down cards to <10% utilization 2 months before applying
- Time your application: Tesla's credit pull is valid for 60 days
- Consider a co-signer: Adds credit strength without needing their income
🚨 Warning: "True $0 Down" Doesn't Exist
You'll still need to pay:
- First month's payment ($400-$600)
- Registration fees ($200-$800 depending on state)
- Acquisition fee ($695)
True out-the-door cost: $1,300-$2,100 even on "$0 down" deals