Tesla is shaking up the lease pricing game once again, with significant increases set to roll out later this month in the U.S. According to Tesla expert Sawyer Merritt, lease rates for the Model 3, Model Y, and Cybertruck AWD are set to surge by as much as 67% starting December 26, 2025.
For those looking to secure current lease rates, the deadline is tight. Orders must be placed and leasing applications submitted by December 26, with deliveries required by December 31, 2025.
Model Y Lease Pricing
The Model Y is seeing some of the most notable hikes in lease pricing, particularly for the Premium All-Wheel Drive variant. The updated pricing also brings an increase in the required down payment compared to current offers.
– Model Y Premium RWD: $549 per month with a $3,000 down payment, up from $449 per month with $0 down. This represents a 22% increase.
– Model Y Premium AWD: $649 per month with a $3,000 down payment, up from $479 per month with $0 down. This marks a 35% increase.
Model 3 Lease Pricing
The Model 3 is facing the steepest adjustments, with the entry-level Premium Rear-Wheel Drive trim skyrocketing by up to 67%. Tesla is also upping the ante on required down payments for these models.
– Model 3 Premium RWD: $499 per month with a $3,000 down payment, up from $299 per month with a $1,500 down payment. This marks a significant 67% increase.
– Model 3 Premium AWD: $549 per month with a $3,000 down payment, up from $449 per month with a $1,500 down payment. This is a 22% increase.
– Model 3 Performance: $749 per month with a $3,000 down payment, up from $699 per month with a $1,500 down payment. This represents a 7% increase.
Cybertruck Lease Pricing
While the Cybertruck is also seeing a lease price hike, the increase is more modest compared to the Model 3 and Model Y.
– Cybertruck AWD: $849 per month with a $5,000 down payment, up from $729 per month with the same down payment. This marks a 16% increase.
The timing of these changes points towards a strategic move to drive end-of-quarter and end-of-year deliveries. With the price adjustments coming just days before the end of December and delivery required by December 31, Tesla is clearly aiming to boost Q4 and full-year 2025 sales figures.
These changes follow recent fluctuations in lease pricing for Tesla vehicles, indicating that the company is actively experimenting with pricing to stimulate demand and manage delivery volumes as financial reporting deadlines approach.
As for the future of these higher lease prices in 2026, only time will tell. But for potential buyers weighing their options, the next few weeks could make a significant impact on their monthly payments.