November 30, 2024 – Tesla has introduced a new “Rent-to-Own” program in the North American market, offering customers the option to lease and then purchase a range of its vehicles, including the Model S, 3, X, Y, and the highly anticipated Cybertruck.
Under this innovative scheme, consumers can choose to pay an initial deposit followed by monthly rental fees to lease their desired Tesla model. Upon the conclusion of the lease period, they have the flexibility to purchase the vehicle.
The breakdown of the costs reveals that the Model 3 and Model Y are available for a monthly rent of 299,whiletheModelS,X,andCybertruckcomewithamonthlyrentof999.
Once customers confirm their purchase intention and sign the necessary documents through the Tesla App, the ownership transfer papers will be mailed to them. However, Tesla has cautioned that customers opting for this program will be required to pay an additional fee of $350 upon finalizing the purchase.
