Leasing A Tesla Cybertruck Might Not Be The Best Idea
Tesla has only just started to offer the Cybertruck for leasing, and it’s already cut lease prices to $899 per month and added the option to buy out your Cybertruck at the end of the lease. Leasing a car in the US can get drivers into a car with a lower monthly payment than financing, providing an element of flexibility to shoppers. Still, leasing isn’t for everyone – and a dig into the numbers reveals that Tesla’s cheap Cybertruck lease rates and newly available buy-out option definitely aren’t universally appealing.
How To Lease A Cybertruck And What it Costs
Shoppers after the base-model Cybertrick AWD can now lease from $899 per month, with the potent Cyberbeast offered at $999 per month. These figures represent a saving of $100 per month on Cybertruck lease rates compared to when the lease option launched.
To lease a Tesla, shoppers can select ‘lease’ as their payment method when ordering a vehicle. You’ll apply for the lease, and be contacted by a sales advisor within a day regarding the next steps for vehicle delivery.
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Tesla’s cheap Cybertruck leases require a $695 acquisition fee if you decide to lease, a $7,500 down payment up front (along with the first month’s payment), a disposition fee of $395 at the end of the lease, and an additional purchase fee of up to $350 if you decide to buy the vehicle out. Buying your Cybertruck after its lease will lighten your wallet by $54,390 for the Cybertruck AWD, and $67,510 for the Cyberbeast.
It’s Cheaper To Buy Outright At The StartStill, you’ll need to weigh the added costs of leasing against the much lower cost of just purchasing the vehicle outright. The thing is, if you’re paying cash, the Cybertruck AWD costs $79,990, and the Cyberbeast is $99,990. With fees, monthly payments, and the buyout factored in, the same vehicles leased for 3 years and then bought out afterward would cost $95,694, and $112,474, respectively.
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Tesla Cybertruck Is WAY MORE EXPENSIVE To Lease Than Rivals
You can now lease a Cybertruck, but it won’t be as cheap as you’d hope.
Put another way, you’ll save $15,704 by paying cash for your Cybertruck AWD, and $12,484 by paying cash for your Cyberbeast. Technically, the Cyberberbeast is the better deal if you’re leasing with a buyout since it only costs 13 percent more than paying cash while leasing the Cybertruck AWD ultimately costs 20 percent more.
