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How much is it to lease a Tesla Model S?
I like Teslas, but I can’t afford them outright. I'd like to test one to see if I actually want to commit. How much would it be to lease a Tesla Model S?
Lauren Smith · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“There are two types of
Tesla
Model S with vastly different leasing options. The Long Range is a total of $79,990, while the Plaid is 129,990. This is before any other adjustments like: - Annual miles
- Term length (in months)
- Down payment
Annual miles is how much you’re going to drive the Tesla per year. The automatic choice is 10,000 miles with a max allowance of 15,000 miles. Your annual mileage affects your monthly payment and how much you pay up-front. If you go over this mileage, there are fines, so ensure you’re accurate.
The term length only has two options 24 or 36 months. If you pick 36 months or three years, your monthly and down payments will be a few hundred dollars less.
The final part is the down payment. The down payment cannot exceed $20,471, but you can decide on the amount that best fits your needs.
In addition, there are other fees such as the $1,200 delivery fee and a $100 order payment.
If leasing a Telsa is in your budget, make sure you have the right car insurance as well! You can do this easily with the
Jerry
app. Choose from competitive quotes from up to 50 top insurance companies and Jerry takes care of the rest—without breaking the bank.”View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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