Lease-End Options

Learn more about what to expect when you are nearing the end of your lease.

Tesla products get better over time with over-the-air software updates and our newest vehicles come with all our latest options—including faster acceleration, longer range, dual motor all-wheel drive and enhanced interior styling.

When you are approaching the end of your lease, contact us to learn more about your upgrade options.

If you’re looking to return your vehicle and upgrade before the end of your lease, we offer several options to end your lease early. Depending on how long you have left on your lease, your payment status and other factors, you may be eligible for an early lease termination or a lease transfer.

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As a thank you for being a loyal customer, Tesla offers certain incentives when you exchange your leased vehicle for a new Tesla vehicle at the same time. Once you place your order for your new Tesla vehicle, follow the instructions below to link your new order to your lease end. We’ll then review your lease status and notify you of any incentives that you may qualify for. Loyalty incentives are subject to change at any time. Contact us for additional information.

If you have already started the process to terminate your lease early due to an upcoming new Tesla vehicle delivery, you will need to cancel the lease return process and follow the instructions below to link your leased vehicle to your new order.

To link your lease return to your new vehicle, follow these steps:

1. Open the Tesla app.
2. Navigate to ‘Profile.’
3. Select the new vehicle order.
4. Tap ‘Start’ to begin tasks before you take delivery of your new vehicle.
5. Follow the prompts to return your lease when taking delivery of your new vehicle.

To link your lease return to your new vehicle in your current lease ‘Financing’ section, follow these steps:

1. Open the Tesla app.
2. Tap ‘Financing.’
3. Tap ‘Lease Details.’
4. Tap ‘Manage Lease.’
5. Follow the prompts to return your lease when taking delivery of your new vehicle.

To unlink your new delivery from your leased vehicle, call our Lease Return Support team.

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We will contact you 30-60 days prior to your maturity date to complete your final inspection and schedule your drop-off appointment. Contact us with any questions on the return process.

You may be able to avoid additional costs by repairing any excess wear and tear prior to your final inspection. If you make repairs after submitting your inspection, keep a copy of the repair receipt.

Return Checklist

Review wear and tear: Review any excess wear and tear on your vehicle with our Excess Wear and Use Guide.

Start your return in the Tesla app: Sign in to the Tesla app to start your lease return process. The Tesla app will guide you through the steps to initiate your return, complete your inspection and schedule your drop-off appointment.

To start the lease return process in the Tesla app, follow these steps:

1. Open the Tesla app.
2. Tap ‘Financing.’
3. Follow the prompts to complete your inspection and schedule your drop-off appointment.

To review your end-of-lease term charges in the Tesla app, follow these steps:

1. Open the Tesla app.
2. Next to your vehicle, select ‘Manage.’

Any end-of-term charges will be visible in the Tesla app within two business days.

At your drop-off appointment, you must bring the following items:

• Both key fobs
• Mobile charging bundle

After you return your vehicle, you will be billed for any remaining charges to meet your lease obligations.

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

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If your account is in good standing, you can apply for a lease extension for up to six months beyond your original lease-end date. Lease extensions can only be granted once.

Eligibility

To apply for an extension, you must be:

• Within three months of the lease maturity date
• Current on all lease payments

Getting Started

To apply for a lease extension, follow these steps:

1. Open the Tesla app.
2. Tap ‘Financing.’
3. Tap ‘Lease Details.’
4. Tap ‘Manage Lease.’
5. Select ‘Extend Lease.’
6. Select and confirm the term you wish to extend. You can extend for a maximum of six months past the maturity date.
7. You will receive an electronic form with your term information. Review and sign the electronic form. Once signed, we will review your account for eligibility and provide a final, executed copy for your records.

If you extend your lease, your Autopay will automatically continue on your lease agreement date. Autopay will continue until you return your vehicle.

Lease extensions are often defaulted to six months, but you can return your vehicle prior to the end date of the extension and only be responsible for the monthly lease payments already accrued. You will be billed for the entire month in which you return the vehicle. We will not prorate the monthly payment to the day.

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

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If you leased a Model S or Model X before April 15, 2022, you may be eligible to purchase your leased vehicle. Review your lease agreement to see if you qualify.

Eligibility

• All Tesla vehicles delivered on or after April 15, 2022 are not eligible for purchase.
• Third-party dealerships and third-party individuals are not eligible to purchase leased vehicles.
• Model 3 and Model Y leases are not eligible for purchase regardless of delivery date.

Fees

• A purchase fee of $350 applies to vehicles delivered after April 13, 2019.
• Local taxes and fees apply.

Getting Started

If your vehicle is eligible and you would like to purchase your vehicle, you’ll need to request an estimate in the Tesla app. We will ask for your registration address and title assignment before providing an estimate. Once you receive your estimate, you will have the option to proceed from your Tesla app.

If you would like to proceed with purchasing your vehicle, follow these steps:

1. Open the Tesla app.
2. Tap ‘Financing.’
3. Tap ‘Lease Details.’
4. Tap ‘Manage Lease.’
5. Select ‘Purchase Vehicle.’
6. Confirm you would like to purchase the vehicle.

Once you confirm you would like to purchase the vehicle, we will prepare a purchase packet with a good through date matching that of the estimate.

After you receive your packet, you must complete the following to complete your purchase:

• All parties listed on the lease agreement sign the purchase packet.
• You schedule a vehicle inspection if needed based on your local requirements.
• You send us payment for the full estimate amount. The funds must be received by the good through quote date listed on the purchase packet. Payment instructions are included in the purchase packet.

Once we receive the funds, we will review your documents, process your payment and finalize the purchase. Your ownership transfer documents will be mailed to you upon completion.

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

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