Tesla Leasing

Tesla leasing offers affordable terms and convenient, monthly payment options to qualifying customers.

Getting Started

When ordering your Tesla vehicle, select ‘Lease’ as your payment method.

The Tesla leasing calculator is available in the Design Studio to help you determine the right payment option.

Leasing is not available for Cybertruck.

Note: Tesla leasing is not available in all states and additional taxes and fees may apply. These estimated lease payments are not guaranteed and are subject to our underwriting process.

Financing With a Lease

After placing an order, use the Tesla app to review and confirm your delivery, registration and trade-in details.

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

To submit a lease application, follow these steps:

Sign in to your Tesla Account.
In the ‘Payment Method’ section, view the financing options available to you by selecting ‘Finance.’
Select ‘Lease.’
Select Tesla as your financier and confirm your preferred amount due at signing, monthly payment, preferred lease term and annual mileage. Review the price details to continue your application. Complete your application by providing your date of birth, registration address, social security number, employment and income information.

We will review your application upon submission. If your information changes or your lease approval expires, you can resubmit your application by following the same steps above. Once a decision has been made on your application, you’ll receive a notification in the ‘Payment Method’ section of your Tesla Account.

If you’re approved, you can accept the financing offer in your Tesla Account and a Tesla Advisor will reach out to you with next steps to take delivery of your vehicle. In the event that your application is denied, a member of the Tesla team will contact you within one business day of the decision to discuss next steps.

Note: You must be over the age of 18 and have a social security number to submit a lease application. At this time, business-only, trust and commercial financing options are not available.

Taking Delivery

Your Lease Agreement will be available for signature in the ‘Payment Method’ section of your Tesla Account at least 24 hours prior to your delivery appointment. If you are leasing with Tesla you must e-sign any required documents in your Tesla Account. If you submit a lease application, you must be present and provide proof of insurance at time of delivery. Learn more about taking delivery.

Note: Texas and Michigan customers are required to submit final payment prior to scheduling their delivery appointment due to state restrictions.

Payments and Fees

Leasing payments can be made online in your Tesla Account. Monthly payment amounts may change due to factors such as taxes and toll violations.

Lease-End Information

Learn more about what to expect near the end of your lease, such as your return options, checklist and self-inspection. If you are interested in ending your lease early, learn more about your options.

Frequently Asked Questions

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You can apply any time after you place your vehicle order. Lease approvals are valid up to 60 days and 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, FL, GA, HI, IA, ID, IL, IN, KS, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NJ, NM, NV, NY, OH, OR, PA, RI, SD, TN, TX, UT, VA, VT, WA, WV, WY.

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.
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 ‘Payment Method’ section of your Tesla Account. Once a credit decision has been made, you'll be notified in your account. Lease approvals are valid up to 60 days and subject to credit approval.
If your vehicle is leased through Tesla Lease Trust, you may be eligible to transfer your lease to a credit-approved assignee. Refer to your lease agreement to see if your lease is eligible for a lease transfer. Transfer fees and applicable state taxes will apply.

Vehicles leased through U.S. Bank, Ally or Santander are not eligible for lease transfers.
If you are a current leaseholder and have recently moved, you will need to notify us of your new address. We will then register the vehicle on your behalf in the new state. 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:

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

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
Any toll violations associated with your leased Tesla vehicle will be passed on to you as the lessee. Review your lease agreement for additional policy information.