Tesla has introduced a new leasing option for certified pre-owned Model 3 and Model Y vehicles in the U.S., giving customers a more affordable way to get behind the wheel of its EVs.
The program, which quietly went live this week, allows eligible buyers in California and Texas to lease a used Model 3 or Model Y for as little as $225 per month with no money down. Tesla is offering 12- and 24-month lease terms, with annual mileage limits of 10,000, 12,000, or 15,000 miles.
Here’s what Tesla is offering with its new pre-owned leasing program:
• Monthly payments starting at $225
• Default $0 down payment
• 12- or 24-month lease terms
• 10,000, 12,000, or 15,000 miles per year options
• Available only on select certified pre-owned Model 3 and Model Y inventory
• Purchase option available at the end of the lease
The new option marks Tesla’s lowest advertised monthly lease payment yet, and significantly reduces the barrier to entry for those interested in trying out a Tesla without committing to a long-term purchase. At the end of the lease, customers also have the option to buy the vehicle outright.
This comes just weeks after Tesla increased lease pricing for the Model Y Long Range in the U.S., highlighting how the automaker is experimenting with different pricing levers to maintain demand while keeping inventory moving.
For now, the used EV leasing program is limited to California and Texas, Tesla’s two biggest U.S. markets, but it could expand to other states if successful. With a $0 down payment and flexible short-term leases, Tesla is positioning this as a low-risk way for new customers to experience its vehicles first-hand.
