Ending Your Lease Early

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

Early Termination

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:

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

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.

Transfer Your Lease

You may be eligible to transfer your lease to a credit-approved assignee. Lease transfers are not permitted in the final 12 months of the lease period, and the current leaseholder is responsible for finding an applicant to take over their lease.

Note: Free Supercharging and Premium Connectivity will not transfer to the new owner.

Eligibility

Fees

Getting Started
Once you’ve found a potential transferee, you must follow these steps before initiating the lease transfer:

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

When entering the email address, make sure it is the email address associated with the transferee’s Tesla Account. If no Tesla Account is associated with the email address submitted, we will send account set-up instructions directly to that email address.

The lease transfer process won’t start until the potential transferee submits the required documents in their Tesla Account. The potential transferee must submit the required documents below to initiate the transfer process:

The transferee must also provide valid insurance on the vehicle meeting Tesla requirements and with an effective date matching the lease transfer date.

Once the potential transferee submits their documents, we will review and provide a credit decision. If approved, both parties will be asked to confirm the terms in their Tesla Account. We will provide a transfer date once the terms have been accepted. The exchange date will be listed on all contracts. The vehicle may not be exchanged prior to the exchange date without prior approval from Tesla.

We will send additional contracts and documentation for both parties to complete, and any documents needed to register the vehicle with the local authority.

Assuming all previous requirements are met, we will confirm if the vehicle can be exchanged and will provide copies of the final contracts on the specified exchange date.

Once the transfer is complete, we will process the documents and finalize the new registration for the transferee. The transferee will be billed for all registration costs, transfer fees and applicable taxes once complete.

For additional information, contact us.

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

Frequently Asked Questions

Does Tesla offer a third-party dealership buyout option?
We do not offer a third-party dealership buyout option. If you would like to end your lease early, review your Lease Agreement to learn more about your options.

Does my early lease termination quote expire?
Yes. Early lease termination quotes are good up until the day prior to next payment due date.

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