Tesla Leasing

You can apply any time after you place your vehicle order. Lease approvals are valid for up to 60 days and are subject to credit approval. If your delivery date is pushed back after your application expires, you may need to reapply.

Tesla leasing is available for applicants in the following states: AK, AL, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NH, NJ, NM, NV, NY, OH, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WV, WY.

Tesla leasing for pre-owned vehicles is available for applicants in the following states: AZ, CA, FL, GA, IL, MD, NC, NJ, NV, NY, OH, OR, PA, TX, UT, VA, WA.

The name on the lease application must match the name of the vehicle registration and this person must take delivery of the vehicle. For applications supported by a small business, the credit report of the individual applicant will be used to assess the application.

Note: At this time, business-only, trust and commercial financing options are not available.

Yes. Use our pricing tool to estimate your monthly payments and the amount due at signing, excluding taxes and fees. Enter your preferred down payment, term length and annual mileage to compare lease pricing between the different Tesla vehicle models. Once you have found a leasing option that meets your needs, you may then proceed to get prequalified for that Tesla vehicle.

No. There are no fees to submit a lease application.

At least one hard pull of your credit report is required; however, for some applicants, additional inquiries may be needed as we work to find you the best credit offer possible.

We recommend you lift all credit freezes you currently have in place with all credit bureaus. It is best to unlock your credit file prior to submitting your lease application to avoid any delays.

You will need to contact each credit bureau directly.

• Transunion: 888-909-8872
• Experian: 888-397-3742
• Equifax: 888-298-0045

We suggest lifting all credit freezes for at least seven days. However, if a lease approval expires prior to the vehicle delivery date, credit freezes may need to be lifted again if a new application is required.

Many credit decisions are available within a few minutes, with most available within 48 hours. However, some may occasionally take longer due to unforeseen circumstances.

You can check the status of your application in the ‘Financing’ section of the Tesla app. Once a credit decision has been made, you'll be notified in the Tesla app. Lease approvals are valid for up to 60 days and are subject to credit approval.

No. Leased Tesla vehicles are solely for personal use and cannot be used for transport or rental purposes.

No. Lease transfers are not available after November 27, 2024. Review your lease-end options.

Yes. You can purchase your leased vehicle at the end of the lease. Review how you can purchase your vehicle from the Tesla app.

Leasing payments can be made in the finance section of the Tesla app. Learn more about how you can pay in the Tesla app.

If you are a current leaseholder and have recently moved, you will need to notify us of your new address. If your registration expires during your lease period, reach out to your local DMV to renew your registration. Learn more about the registration process in your state.

Yes. Notify us of any registration or billing address changes, so we may begin the process of re-registering and titling the vehicle if required.

For vehicles leased with a third-party lessor, notify your lessor.

Any taxes or fees associated with your leased Tesla will be passed on to you as the lessee. If you have questions, review your lease agreement or contact us.

Yes. You must meet the requirements below for your lease:

1. There are minimum coverage requirements unless you’re subject to state-specific terms. These requirements include:

   • $50,000 for property damage
   • $100,000 for bodily injuries to any one person
   • $300,000 for any one accident
   • Physical damage insurance for full value of vehicle
   • Maximum deductible: $2,500

2. You must list Tesla Lease Trust as the lienholder and an additional insured party on the policy.

   Tesla Lease Trust
   12832 Frontrunner Boulevard
   Suite 100
   Draper, UT 84020

Note: Your lease comes with gap protection.

For vehicles leased with a third-party lessor, refer to your lessor for insurance requirements.

You can find the name of your lessor on your lease agreement.

Once you find the name of your lessor, you can contact them directly by phone:

• U.S. Bank: 800-872-2657
• Ally Bank: 877-247-2559
• Santander Consumer: 888-222-4227
• Chase Customer Service: 800-336-6675

Any miles driven beyond the annual amount specified in your lease agreement may incur fees at a rate of $0.25 per mile. You may be eligible to purchase additional mileage.

To purchase additional miles from the Tesla app, follow these steps:

1. Open the Tesla app.
2. Tap ‘Financing’ > ‘Lease Details’ > ‘Purchase Additional Mileage.’

Any toll violations associated with your leased Tesla vehicle will be passed on to you as the lessee. Tesla may charge a processing fee for each toll or violation notice. To avoid added processing fees, visit your DMV website or local toll agency to set up an account or obtain a transponder. Review your lease agreement for additional policy information. For further questions contact the Tesla Finance team.