Tesla has recently announced a new leasing option for certified pre-owned Model 3 and Model Y vehicles in the U.S., providing customers with a more affordable way to drive one of their electric vehicles. The program, which quietly launched this week, is available to eligible buyers in California and Texas, offering the opportunity to lease a used Model 3 or Model Y for as low as $225 per month with no money down.
Tesla is offering 12- and 24-month lease terms with annual mileage limits of 10,000, 12,000, or 15,000 miles. The company is only making this option available on select certified pre-owned Model 3 and Model Y inventory. At the end of the lease, customers also have the option to purchase the vehicle outright.
This new leasing program represents Tesla’s lowest advertised monthly lease payment to date and aims to reduce the barrier to entry for those interested in experiencing a Tesla without committing to a long-term purchase. The option to buy the vehicle at the end of the lease provides customers with added flexibility.
The introduction of this new leasing option comes shortly after Tesla increased lease pricing for the Model Y Long Range in the U.S. This move demonstrates the company’s willingness to experiment with pricing strategies to maintain demand and keep inventory moving.
Currently, the used EV leasing program is only available in California and Texas, Tesla’s two largest U.S. markets. However, if successful, the program may expand to other states in the future. With no down payment required and flexible short-term lease options, Tesla is positioning this program as a low-risk way for new customers to experience their vehicles firsthand.
Overall, Tesla’s new leasing option for certified pre-owned Model 3 and Model Y vehicles provides a more accessible way for customers to drive one of their electric vehicles. The program offers competitive monthly lease payments, flexible lease terms, and the option to purchase the vehicle at the end of the lease, making it an attractive option for those looking to experience a Tesla without a long-term commitment.