LEASED A TESLA AND WANT TO BUY IT AT END OF THE TERM?
Not only are there strict lease return limitations, there are so many other things to know about the lease program:
❎ All Tesla vehicles delivered on or after April 15, 2022 are not eligible for purchase at the end of the lease.
✅ If you leased a Model S or Model X before April 15, 2022, you may be eligible to purchase your leased vehicle.
⬆️ At the end of your lease, you can also upgrade to a new Tesla or apply for an extension of your lease. (Conditions apply).
👎 Third-party dealerships and third-party individuals are not eligible to purchase leased vehicles.
😯 Model 3 and Model Y leases are not eligible for purchase regardless of delivery date.
👎 Tesla leasing isn’t available for applicants in all states states
👎 Leasing is not available for used vehicles
❎ Business-only, trust and commercial finance applications are not accepted at this time.
⚠️ Leased Tesla vehicles are solely for personal use and cannot be used for transport or rental purposes. (😯TURO)
✅ Must meet insurance requirements
✅ You must list Tesla Lease Trust as the lienholder and an additional insured party on the policy. Note: Your lease comes with gap insurance.
❎ Depending on how long left on your lease, your payment status and other factors, you may be eligible for an early lease termination or a lease transfer.
🤝 If you have more than 13 payments left on your lease, you may be eligible to transfer your lease to a credit-approved assignee. Transfer fees and applicable state taxes will apply.
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All you need to know is right here: https://www.tesla.com/support/leasing
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