Tesla Cuts Lease Pricing, Offers as Low as 2.49% Financing

Key Points

• Tesla is cutting lease prices across most of its lineup by $50 to $100 a month.
• Tesla is also offering lowered financing rates for well-qualified buyers.
• The deal won’t last long; Tesla said lease prices go back up Nov. 1.

With the demise of the federal electric vehicle tax credit at the end of September, automakers are trying to boost EV demand with incentives. Tesla’s latest offer cuts lease prices across much of its lineup, and the automaker is also offering financing deals.

Related: The EV Tax Credit Is Done; What Should an EV Shopper Do Now?

Tesla’s current lease and financing deals are as follows:

• Model 3 (Premium Rear-Wheel Drive): Lease for $329 per month with a $3,000 down payment (down from $429). Tesla is also offering 2.99% financing for up to 60 months on Model 3 purchases for well-qualified shoppers.
• Model S: Tesla is offering 3.99% financing for up to 72 months on Model S purchases for well-qualified shoppers.
• Model Y (Premium RWD): Lease for $449 per month with a $3,000 down payment (down from $529). Tesla is also offering 3.99% financing for up to 60 months on Model Y purchases for well-qualified shoppers.
• Model X: Tesla is offering 3.99% financing for up to 72 months on Model X purchases for well-qualified shoppers.
• Cybertruck (AWD): Lease for $699 per month with a $5,000 down payment (down from $749). Tesla is also offering 2.49% financing for up to 60 months on Cybertruck purchases for well-qualified shoppers.

But there’s a catch to all of these: The deals won’t last long. Tesla said lease prices will go up Nov. 1.

More EV News and Advice From Cars.com:

• Cars.com’s Top EV Picks of 2026
• How Can You Save on Your EV Purchase?
• Here Are the 11 Cheapest Electric Vehicles You Can Buy
• Electric Cars With the Longest Range
• Find Your Next Car

Related Video:

Cars.com’s Editorial department is your source for automotive news and reviews. In line with Cars.com’s long-standing ethics policy, editors and reviewers don’t accept gifts or free trips from automakers. The Editorial department is independent of Cars.com’s advertising, sales and sponsored content departments.