Tag: Lease

Tesla has once again lowered Cybertruck lease prices. This is the second time Tesla has lowered Cybertruck lease monthly payments since introducing the option less than 3 months ago this past November.

Now, the Cybertruck AWD lease costs only $750 a month. This is down from $1,000 a month in November and $900 a month in December.

All these price cuts mean a 25% price decrease in monthly lease payments in less than 3 months. If Tesla similarly discounted the Cybertruck purchase price by 25%, it would give the vehicle a $60,000 starting price.

What’s interesting here is that Tesla launched the Cybertruck lease option after ending the Foundation Series Cybertruck program and introducing the regular Cybertruck, which has an $80,000 starting price.

This means all the lease payment price cuts have been for the non-Foundation Series Cybertruck. Also, since introducing the lease program the Cybertruck has always qualified for the $7,500 tax credit through the lease loophole.

What this means is that all of the lease payment cuts and the entirety of the 25% discount are coming directly out of Tesla’s bottom line.

The $750 monthly lease price is for the base model Cybertruck AWD; however, Tesla has surprisingly increased the monthly lease payment for the performance tri-motor Cybertruck, although it’s only by $1.

In November, leasing a performance Cybertruck used to cost $1,204 a month. However, this price dropped to $999 a month in December, and now it has increased by $1 to $1,000.

Overall, even after this “price increase,” Tesla has still discounted the Cybertruck performance lease price by over 20% in less than 3 months.

However, going back to the base model Cybertruck AWD, Tesla has increased the end-of-lease buyout price for the vehicle after the latest lease payment cuts.

Before the latest price cuts, the Cybertruck AWD lease buyout used to cost $54,950; however, as of today, this number has increased to $57,400.

Similarly, Tesla has increased the end-of-lease buyout for the Cybertruck performance; It’s now up from $67,500 to $71,730.

At these prices, the end-of-lease buyout numbers suggest that Tesla expects the Cybertruck to hold over 70% of its value after 3 years and driven 30,000 miles.

Overall, It’s interesting to see Tesla simultaneously lowering the Cybertruck monthly lease payment and increasing the end-of-lease buyout price. Please let me know what you think about this move. Share your ideas by clicking the “Add new comment” button below. Also, visit our site, torquenews.com/Tesla, regularly for the latest updates.

Image: Courtesy of Tesla, inc.

For more information, check out: Elon Musk Is Not Too Excited About the 2nd Generation Tesla Semi Starting Production, Asks “Does $10 Billion a Year Matter These Days?”

Tinsae Aregay has been following Tesla and the evolution of the EV space daily for several years. He covers everything about Tesla, from the cars to Elon Musk, the energy business, and autonomy. Follow Tinsae on Twitter at @TinsaeAregay for daily Tesla news.