Current Tesla Model X 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 12-13% higher than advertised.
Model X Lease vs Buy
| Option | Monthly | Due at Signing | 36-Month Total | Equity After 36mo |
|---|---|---|---|---|
| Lease (Dual Motor) | $1,857 | $7,500 | $74,352 | $0 |
| Finance (Dual Motor) | $1,980 | $8,000 (10%) | $79,280 | ~$42,000 |
Money Factors & Residuals
Current Money Factors (Tier 1 Credit)
| Term | Money Factor | APR Equivalent |
|---|---|---|
| 24 months | 0.00193 | 4.63% |
| 36 months | 0.00208 | 4.99% |
| 48 months | 0.00223 | 5.35% |
Residual Values by Trim (36 months, 10k mi/yr)
| Trim | Residual % | Residual Value |
|---|---|---|
| Model X Dual Motor | 50% | $39,995 |
| Model X Plaid | 48% | $45,595 |
How Credit Score Affects Your Payment
| Credit Tier | Score | Money Factor | Monthly Payment* |
|---|---|---|---|
| Tier 1 | 720+ | 0.00208 | $1,857 |
| Tier 2 | 680โ719 | 0.00228 | $1,897 (+$40) |
| Tier 3 | 640โ679 | 0.00258 | $1,947 (+$90) |
Hidden Fees on Model X 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 X vs Competitors
| Model | Monthly (all-in) | Due at Signing | 36-Month Total |
|---|---|---|---|
| Tesla Model X Dual Motor | $1,857 | $7,500 | $74,352 |
| Rivian R1S | $1,790 | $7,000 | $71,440 |
| Mercedes EQS SUV | $1,750 | $7,500 | $70,500 |
| BMW iX | $1,690 | $6,500 | $67,340 |
Who Should Lease the Model X?
Lease if you:
- Want the latest tech every 2-3 years
- Drive under 12,000 miles/year
- Want falcon wing doors without long-term commitment
- Don't want to worry about resale value
Buy if you:
- Plan to keep the vehicle 5+ years
- Drive more than 15,000 miles/year
- Want to build equity
- Are concerned about falcon wing door maintenance long-term
Like all Tesla leases, the Model X has no purchase option at lease end. You must return the car, even if it's worth more than the residual. Read more โ
Model X vs Model Y: Which SUV to Lease?
| Factor | Model X | Model Y |
|---|---|---|
| Monthly payment | $1,857 | $624 |
| Seating | 5-7 seats | 5-7 seats |
| Falcon Wing Doors | Yes | No |
| 0-60 mph | 3.8s (Dual Motor) | 6.6s (RWD) |
| Range | 335-348 miles | 310-330 miles |
How to Get the Best Model X Lease Deal
- Shop quarter-end: April, June, September, December โ especially December
- Look for demo vehicles: Model X demos with 2k-5k miles can save 10-15%
- Check existing inventory: Inventory units often have $3k-6k discounts
- Know your credit tier: Tier 1 saves $40-90/month over lower tiers
- Consider a used lease takeover: Some Model X takeovers available at $1,200-1,400/month
Frequently Asked Questions
Advertised: $1,649 (Dual Motor). True all-in: ~$1,857 after taxes and fees.
No. Tesla leases have no purchase option. You must return the vehicle.
Tier 1 credit gets 0.00208 (4.99% APR) for 36 months.
Advertised: $1,949. True all-in: ~$2,157.
Tier 1 (720+) for best rates. 650+ minimum typically required.
They're complex. Leasing avoids long-term maintenance concerns.
Sources: Tesla lease offers April 2026, community-reported deals, Leasehackr forums. Current as of April 2026.