Tesla Model Y Lease Deals: What to Expect in 2024
The Model Y is Tesla's most-leased vehicle, accounting for nearly 40% of all Tesla leases. But with changing prices and new incentives, here's exactly what you'll pay this year — and how to get the best deal.
View Current Model Y Lease Offers2024 Model Y Lease Pricing
| Model | Term | Monthly Payment | Due at Signing |
|---|---|---|---|
| Model Y RWD | 36mo/10K miles | $429/mo | $4,500 |
| Model Y Long Range | 36mo/10K miles | $499/mo | $4,500 |
| Model Y Performance | 36mo/10K miles | $569/mo | $4,500 |
How to Get the Best Model Y Lease Deal
1. Time Your Lease Right
Tesla offers the best deals at quarter-end (March, June, September, December). Inventory discounts can save you $1,000+.
2. Check for Inventory Discounts
"Demo" models with under 1,000 miles often lease for $50-$100/month less than brand-new vehicles.
3. Maximize Incentives
The $7,500 federal EV tax credit is applied as a capitalized cost reduction on leases, lowering your monthly payment.
Model Y Lease vs. Loan
| Lease | Loan | |
|---|---|---|
| Monthly Payment | $429-$569 | $650-$850 |
| Down Payment | $0-$4,500 | $4,500-$10,000 |
| Mileage Limits | 10K-15K/year | Unlimited |
| Ownership | Return or upgrade | Keep or sell |