Tesla is rolling out a $6,500 lease credit just as the U.S. federal EV incentive for leases expires, and monthly payments on its most popular models are moving up. The automaker has raised advertised lease prices for the Model 3 and Model Y by up to 11 percent, even after applying its new in-house discount.
Here’s what shoppers are seeing now in the U.S., based on a $3,000 down payment and a 36‑month term:
– Model Y: Previously listed between $479 and $529 per month, now up to $599 per month
– Model 3: Now shown between $429 and $759 per month, up from $349 to $699
Tesla notes these monthly figures already include the $6,500 lease credit. In practical terms, that leaves about a $1,000 gap compared to the now‑ended $7,500 federal lease incentive. There’s also an important caveat: placing an order does not guarantee eligibility for the credit, so approval and final pricing can vary.
Why this matters for EV shoppers
– Monthly payments are higher than they were with the federal incentive, even with Tesla’s new credit.
– Eligibility for the $6,500 credit isn’t guaranteed, making it essential to confirm terms before you order.
– Other automakers are attempting to keep lease offers attractive too; Ford and GM have found ways to extend the equivalent of the $7,500 lease savings for at least a limited period.
Tips to get the best deal
– Confirm eligibility for the $6,500 credit with your advisor before placing an order.
– Compare the total lease cost, not just the monthly payment, including acquisition fees, registration, and disposition fees.
– Check mileage limits and overage charges, which can significantly affect your effective monthly cost.
– Monitor regional variations and inventory; local supply can influence pricing and wait times.
Bottom line: After the incentive change, Tesla’s $6,500 lease credit helps blunt the impact but doesn’t fully replace the former federal benefit. Expect slightly higher payments on Model 3 and Model Y leases, and verify eligibility and terms to avoid surprises.
