Tesla has announced that the Model S is now available for lease with as much as 25% lower monthly lease payments in USA. A deal through US Bank lowers this cost of lease. Tesla said that this reduction in the cost of leasing the Model S is possible because US Bank has a much lower cost of capital than them.
Tesla has also announced a “happiness guarantee” for leasing through which the leased car if not liked, can be returned in the first three months without the burden of paying the remaining lease obligation.
You can find more information below in the press release.
Significantly Improved Leasing for a Tesla with US Bank – Press Release
By Elon Musk, CEO
Tesla is pleased to announce that US Bank, which has a much lower cost of capital than us, is now offering very compelling leasing for Tesla buyers in the United States. This will lower monthly lease payments by as much as 25% on a new Model S. Detailed info here. (http://www.teslamotors.com/models/design)
Leasing now also comes with the Tesla happiness guarantee. If you don’t like our car for any reason in the first three months, you can just return it and your remaining lease obligation is waived. The only catch is that you can’t then immediately lease another Model S. Upgrading early is no problem if you want to do that, but there is a pass-through fee to cover the new vs used value difference.
As always, leasing a car with Tesla involves no signatures or paperwork, unless required by your state DMV. You just read the super simple terms & conditions on the center screen, tap once and it is done.
Also, there is no need to come to a Tesla store to order our car. It takes less than 5 minutes to order a Model S at the TeslaMotors.com website, just like any normal buying experience on the Internet. You enter your info, specify when you want the car to arrive and it will be delivered to your local Tesla service center for pickup. If one of our service centers isn’t conveniently close, we will deliver it directly to your home or business location anywhere in the United States.
The amount due at signing includes the first month’s payment (as shown above), downpayment of $5,000 and acquisition fee of $700. Tax, title, license, registration and other fees are additional fees that are due at signing. The monthly lease payment is calculated based on the cash price of the vehicle as configured, monthly lease payments for 36 months, a $5,000 down payment and either 12,000 or 15,000 miles allowed per year (as selected above).
Payments do not include applicable taxes. A $300 disposition fee is due at lease end. No security deposit is required. Tesla leasing is available in AL, AK, AR, AZ, CA, CO, CT, DC, FL, HI, ID, IL, IN, KS, MA, MD, ME, MN, MO, MT, NC, ND, NM, NV, NY, OH, OR, PA, SC, SD, TN, TX, UT, VA, VT, WA, WV and WY. Subject to credit approval; not everyone will qualify.