Ending Your Lease Early

There are a few options available if you are interested in ending your lease early.

If your vehicle is leased with a third-party lessor, refer to your lessor for lease-end options, as options may differ. The following applies to leased vehicles through Tesla Lease Trust.

Although it can be costly, an early lease termination is allowed if you have one or more lease payments remaining.

There are two options for early lease termination depending on how many months are left on your lease:

• Less than three months remaining until your lease end date: Pay your remaining lease balance along with any end of term charges in the Tesla Leasing Portal.
• Three or more months left until your lease end date: Pay the difference between your adjusted lease balance and the current market value of your vehicle.

To initiate the early lease termination process from the Tesla app, follow these steps:

1. Open the Tesla app.
2. Tap ‘Financing.’
3. Tap ‘Lease Details.’
4. Tap ‘Manage Lease.’
5. Next to ‘Update Lease,’ use the dropdown arrow to select ‘Early Lease Termination.’
6. Follow the prompts to obtain an estimate quote to terminate your lease early. This quote is subject to change pending an inspection, the date the vehicle is returned and quote expiration.

Once you’ve completed those steps, we will ask you to complete an inspection and schedule a drop-off appointment. You must remit payment and submit and odometer disclosure when you return your vehicle.

Note: To access this feature in the Tesla app, make sure you have the latest version of the Tesla app.

With a lease buyout, you can purchase your vehicle at the end of the lease. Learn more about eligibility and getting started with lease buyout.

Does Tesla offer a third-party dealership buyout option?

Yes. Third-party dealerships are eligible to purchase leased vehicles.

Does my early lease termination quote expire?

Yes. Early lease termination quotes are good up until the day prior to next payment due date.