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William Maley

Tesla Announces Two-Year Lease For Model S and X

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Tesla is trying to stay in the spotlight while they continue working on the Model 3 and also enticing people into one of their vehicles. Their solution to both problems is introducing a new two-year lease option.

Electrek reports that Tesla sent out an email announcing the new offer which states the lease deal starts at $593 per month and only is only available for those placing orders til September 12th. 

"A 2-year lease option is one of our most popular requests. We listened and are launching a limited time test of a 2-year lease on Model S and Model X. Starting at only $593/month, our new 2-year lease program was designed just for you to drive electric today, and is available on all Model S and X orders placed by September 12th," Tesla said in their email.

The two-year timeframe is perfect for someone who is on the waiting list for a Model 3, but who wants to drive a Tesla model right now. There is a catch for those hoping to get the $593 per month deal. Electrek ran the numbers and found that you would need to put a $6,000 down payment on the base 60 kWh Model S.

Source: Electrek


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That's actually a pretty good lease deal for a car of that price. Whether or not leasing makes sense for your personal situation is subjective.

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That isn't a bad price at all, a base E300 4Matic lease is $5,263 down and $569 a month.  You can get into a Tesla for E-class money.    People want to compare the Model S to the S-class but it is like $1,200 a month to lease an S-class, I think $1,450 for an S-class coupe.

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