Tesla's New Two-Year Lease Brings Model S Price to $593 a Month
Tesla has introduced a new two-year lease program for both the Model S and Model X.
The cheapest Model S available will go for $593 a month, while the cheapest Model X will be available for $730 a month, though there are some stipulations. To obtain the cheapest monthly payment, you must get a base Model S 60 or Model X 60D and you have to make a downpayment of $6000. There is also a $695 acquisition fee and one month’s lease payment due up front when picking up the car along with a $395 disposition fee that must be paid when returning the vehicle.
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A driving cap of 10,000 miles per year is also placed on the car, though buyers can opt for 12,000- or 15,000-mile caps if they’re willing to spend a little more.
Of course the lease is not only available for base models. With a $6000 down payment on a mid-level Model S 75D lease, customers will have to drop $953 a month, while a top trim Model X P90D Performance goes for $1,628 a month.
Only orders placed by September 12 qualify for the two-year lease deal. Tesla CEO Elon Musk recently said that he expected the brand’s lease rates to increase this year versus outright sales and now it’s clear why.
[Source: Electrek]
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Stephen covers all of the day-to-day events of the industry as the News Editor at AutoGuide, along with being the AG truck expert. His truck knowledge comes from working long days on the woodlot with pickups and driving straight trucks professionally. When not at his desk, Steve can be found playing his bass or riding his snowmobile or Sea-Doo. Find Stephen on <A title="@Selmer07 on Twitter" href="http://www.twitter.com/selmer07">Twitter</A> and <A title="Stephen on Google+" href="http://plus.google.com/117833131531784822251?rel=author">Google+</A>
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