Tesla just made it a lot easier to lease a Model Y. For a limited time, the compact electric SUV can be leased with zero down payment, and the deal can be combined with a bundle of free options upgrades. For shoppers focused on total monthly cost, this is one of the most compelling Model Y offers in recent memory.
Here’s how the pricing breaks down:
– Model Y Premium RWD: from $479 per month with $0 down
– Model Y All-Wheel Drive: from $569 per month with $0 down
– Term: 36 months
– Mileage: 10,000 miles per year
To reach the $479 monthly payment on the RWD model, Tesla lowered the lease price and applied its $6,500 lease credit, which was introduced after the federal EV tax credit expired. Tesla notes this lease credit is subject to change or end at any time.
What makes the deal even better is that it stacks with a free options upgrade. The cost of these add-ons is removed from the finalized lease before delivery, and includes:
– Free exterior colors: Pearl White Multi-Coat, Deep Blue Metallic, Diamond Black, Quicksilver, or Ultra Red
– Free 20″ Helix 2.0 all-season wheels
– Free white interior with perforated vegan leather upholstery
– Free Class II steel tow hitch rated for 3,500 lbs
Why it matters: Leasing already accounts for a big share of Tesla deliveries, and dropping the down payment to zero lowers the barrier to entry. Pair that with free paint, wheels, interior, and a tow hitch, and the overall value becomes hard to ignore for anyone considering a new electric SUV.
If you’ve been waiting for a lower monthly payment or more included equipment, this limited-time Model Y lease could be the sweet spot. As with all incentives, availability and credits can change, so interested shoppers may want to act quickly.
