Tesla, the pioneering electric vehicle manufacturer, has announced an increase in leasing prices for its popular Model Y in the United States. The adjustment, which comes amidst rising demand and market fluctuations, sees leasing prices rise by up to 7.2%.
Discontinued Option
As part of this update, Tesla has also discontinued leasing for the Long Range Rear-Wheel Drive (RWD) variant, which was previously available at a monthly lease rate of $449. This move narrows the choices for potential lessees but streamlines Tesla’s offerings towards higher-end configurations.
Updated Leasing Prices
The new leasing prices for the Model Y variants are as follows:
- Long Range All-Wheel Drive (AWD)
- New Price: $499 per month
- Old Price: $479 per month
- Increase: +4.2%
- Performance All-Wheel Drive (AWD)
- New Price: $599 per month
- Old Price: $559 per month
- Increase: +7.2%
These price adjustments reflect Tesla’s strategic positioning and the growing value proposition of its advanced electric vehicles.
Down Payment Unchanged
Despite the increase in monthly lease rates, the required down payment remains unchanged at $2,999. This stability in the initial cost might provide some relief to customers who are planning to lease a Model Y despite the increased monthly expenses.
