Current Tesla Model S Lease Offers (April 2026)
$7,500 due at signing ยท 36 months ยท 10,000 miles/year
$7,500 due at signing ยท 36 months ยท 10,000 miles/year
Like all Tesla leases, the advertised price excludes taxes, acquisition fee, and doc fees. The true monthly is about 13% higher than advertised.
Model S Lease vs Buy
| Option | Monthly | Due at Signing | 36-Month Total | Equity After 36mo |
|---|---|---|---|---|
| Lease (Dual Motor) | $1,757 | $7,500 | $70,752 | $0 |
| Finance (Dual Motor) | $1,890 | $8,000 (10%) | $76,040 | ~$45,000 |
Money Factors & Residuals
Current Money Factors (Tier 1 Credit)
| Term | Money Factor | APR Equivalent |
|---|---|---|
| 24 months | 0.00190 | 4.56% |
| 36 months | 0.00205 | 4.92% |
| 48 months | 0.00220 | 5.28% |
Residual Values by Trim (36 months, 10k mi/yr)
| Trim | Residual % | Residual Value |
|---|---|---|
| Model S Dual Motor | 52% | $41,595 |
| Model S Plaid | 50% | $47,495 |
How Credit Score Affects Your Payment
| Credit Tier | Score | Money Factor | Monthly Payment* |
|---|---|---|---|
| Tier 1 | 720+ | 0.00205 | $1,757 |
| Tier 2 | 680โ719 | 0.00225 | $1,797 (+$40) |
| Tier 3 | 640โ679 | 0.00255 | $1,847 (+$90) |
Hidden Fees on Model S Leases
| Fee | Amount | Notes |
|---|---|---|
| Acquisition Fee | $695 | Rolled into payment |
| Disposition Fee | $395 | At lease end, waived if re-lease |
| Destination Fee | $1,390 | Included in MSRP |
| Mileage Overage | $0.25/mi | Over contracted allowance |
Model S vs Competitors
| Model | Monthly (all-in) | Due at Signing | 36-Month Total |
|---|---|---|---|
| Tesla Model S Dual Motor | $1,757 | $7,500 | $70,752 |
| Lucid Air Pure | $1,690 | $7,000 | $67,840 |
| Porsche Taycan | $1,890 | $8,000 | $76,040 |
| Mercedes EQS | $1,650 | $7,500 | $66,900 |
Who Should Lease the Model S?
Lease if you:
- Want the latest tech every 2-3 years
- Drive under 12,000 miles/year
- Prefer lower payments than financing
- Don't want to worry about resale value
Buy if you:
- Plan to keep the car 5+ years
- Drive more than 15,000 miles/year
- Want to build equity
- Are concerned about the no-buyout rule
Like all Tesla leases, the Model S has no purchase option at lease end. You must return the car, even if it's worth more than the residual. Read more โ
How to Get the Best Model S Lease Deal
- Shop quarter-end: April, June, September, December โ especially December
- Look for demo vehicles: Model S demos with 2k-5k miles can save 10-15%
- Check existing inventory: Inventory units often have $2k-5k discounts
- Know your credit tier: Tier 1 saves $40-90/month over lower tiers
Frequently Asked Questions
Advertised: $1,549 (Dual Motor). True all-in: ~$1,757 after taxes and fees.
No. Tesla leases have no purchase option. You must return the vehicle.
Tier 1 credit gets 0.00205 (4.92% APR) for 36 months.
Advertised: $1,849. True all-in: ~$2,057.
Tier 1 (720+) for best rates. 650+ minimum typically required.
If you want a new luxury EV every 3 years and don't care about equity, yes. If you want to keep it long-term, buy.
Sources: Tesla lease offers April 2026, community-reported deals, Leasehackr forums. Current as of April 2026.