Tesla is preparing to launch a new lease program for the Cybertruck, making this futuristic electric pickup truck more accessible to a broader audience. The lease program, set to start at $999 per month, offers an attractive option for those interested in driving one of Tesla’s most innovative vehicles without the high upfront cost.
This program includes a three year lease for the all wheel drive version of the Cybertruck, with an initial down payment of $7,500. For those who prefer the more advanced Cyberbeast model, the lease is available for $1,715 per month with no down payment required.
The Cybertruck has rapidly become one of Tesla’s best selling electric vehicles, ranking third in sales in the U.S. last quarter, just behind the Model Y and Model 3. By introducing the lease program, Tesla aims to further boost the Cybertruck’s popularity by making it more affordable and accessible to potential buyers.
Leasing has become a popular option for electric vehicle consumers, with 46% of EV purchases being leases in 2023, according to market research firm J.D. Power. One of the significant advantages of Tesla’s leasing program is its utilization of a “leasing loophole” in the federal tax credit program.
This loophole allows lessees to benefit from the $7,500 tax credit without needing to meet all the stringent requirements typically associated with purchasing an EV. This makes leasing an attractive and cost effective option for those interested in the Cybertruck.
The Cybertruck stands out not only for its unique design but also for its impressive performance specifications. With a starting price of $80,000, the Cybertruck offers a range of up to 300 miles on a single charge and can accelerate from 0 to 60 mph in just 3.7 seconds.
These features, combined with the new lease program, are expected to make the Cybertruck more appealing to a wider range of customers, further solidifying Tesla’s position in the electric vehicle market.
Tesla’s new lease program for the Cybertruck represents a strategic move to increase demand and make the vehicle more affordable for a larger audience.
With competitive monthly payments and the benefit of the federal tax credit, leasing a Cybertruck becomes a viable and attractive option for many consumers.
This program underscores Tesla’s commitment to expanding its customer base and making its cutting edge electric vehicles more accessible to the public.
