This Tesla lease calculator estimates your monthly payment, the amount due at signing, sales tax, mileage overage and the total cost of leasing a Tesla Model 3, Model Y, Cybertruck, Model S or Model X. Enter the price, down payment, residual value and money factor from your Tesla lease quote, add your state’s tax and fees, then press Calculate to see what your lease would really cost.
Tesla Lease Calculator
The fields start with example values. Replace them with the numbers from your Tesla lease quote, then press Calculate.
Estimates only. The starting values are an example, not a Tesla offer. Tesla shows the price, down payment and monthly payment for your exact car on its order page; your lease agreement lists the residual value, money factor and fees. Changing the term or mileage moves the residual by an estimated amount.
How to Use the Tesla Lease Calculator
- Choose your Tesla and enter the price. Pick the model, then use the price from your Tesla order page or inventory listing, including paid options such as paint, wheels or Full Self-Driving. If the destination or documentation fee isn’t in that price, enter it separately, along with any protection plan you roll into the lease.
- Enter the lease rates. Type the residual value as a percentage or a dollar amount, and the money factor or APR, from your lease quote. If you only know Tesla’s advertised monthly payment, adjust the residual until the calculator shows the same base payment.
- Set the term and miles. Choose a term from 24 to 48 months and a mileage plan, or type a custom number of miles. The residual value moves automatically when you change either one.
- Enter your money down. Type your down payment, any trade-in equity and any rebates or lease credits that are not already reflected in the price.
- Add tax and upfront costs. Enter your combined state and local tax rate and choose how your state taxes a lease. Add registration and title, any other upfront charges, a refundable security deposit if your lease has one, and monthly add-ons such as a connectivity subscription.
- Calculate and compare. Enter how many miles you really drive, then press Calculate Lease. The calculator shows the monthly payment, due at signing and total cost, adds any overage and the turn-in fee, and tells you which mileage plan is cheapest for you.
Where to Find Your Tesla Lease Numbers
Tesla changes its prices and lease offers often, so this calculator does not load fixed offers. Your own quote is the most accurate starting point. Here is where to find each number.
| Number | Where to find it |
|---|---|
| Vehicle price | The Tesla design studio or inventory listing. Use the total with destination, order fee and options. |
| Monthly payment and due at signing | The lease view of your order, which shows Tesla’s estimate for your term, mileage and down payment. |
| Residual value and money factor | Your lease agreement or the lender. Tesla does not list them on its website. |
| Fees | The acquisition fee is on your quote. The disposition fee and excess mileage charge are in the lease agreement. |
| Sales tax | Your state’s department of revenue or the tax line on your order. |
If you only have Tesla’s advertised payment, you can still work out the residual. Enter the price, the advertised down payment and a money factor, then raise or lower the residual until the base monthly payment matches the advertised one. The result is close enough to compare trims, terms and mileage plans.
Leasing a Model S or Model X
Tesla ended Model S and Model X production in 2026, so new ones are only available as remaining inventory, often without an advertised lease offer. To lease one, ask Tesla about the inventory car, take over an existing lease from a current owner or lease a used car through a third-party lender. Enter the actual price of the car you find, and expect a lower residual than on a Model 3 or Model Y, since large luxury EVs tend to lose value faster.
How a Tesla Lease Payment Is Calculated
A lease payment has two parts. You pay for the value the car loses while you drive it (depreciation), and you pay interest on the money tied up in the car (the rent charge). Sales tax is then added in most states.
- Adjusted cap cost = Price + Destination and doc fees + Rolled-in fees − Down payment − Trade-in − Rebates
- Residual value = Price × Residual %
- Depreciation = (Adjusted cap cost − Residual value) ÷ Months
- Rent charge = (Adjusted cap cost + Residual value) × Money factor
- Monthly payment = (Depreciation + Rent charge) × (1 + Tax rate)
Worked Example
Take a Tesla priced at $45,000 with $3,000 down, a 36-month term, 10,000 miles a year, a 58% residual and a 0.00250 money factor (6.00% APR), in a state that charges 7% tax on each payment. These are example numbers, not a Tesla offer.
| Step | Math | Result |
|---|---|---|
| Adjusted cap cost | $45,000 − $3,000 | $42,000.00 |
| Residual value | $45,000 × 58% | $26,100.00 |
| Monthly depreciation | ($42,000 − $26,100) ÷ 36 | $441.67 |
| Monthly rent charge | ($42,000 + $26,100) × 0.00250 | $170.25 |
| Base payment | $441.67 + $170.25 | $611.92 |
| Payment with 7% tax | $611.92 × 1.07 | $654.75 |
Notice that the rent charge adds the residual to the cap cost instead of subtracting it. You pay interest on the whole value of the car, including the part you hand back at the end, which is why a lower money factor matters more on an expensive Cybertruck than on a Model 3.
Tesla Lease Terms Explained
Capitalized Cost
The capitalized cost is the price the lease is based on. Tesla sells at a fixed, no-haggle price, so the cap cost is simply the configured price, including the destination fee and the non-refundable order fee. Anything you pay upfront, such as a down payment or trade-in equity, lowers it and becomes the adjusted cap cost.
Residual Value
The residual is what the lender expects the car to be worth when the lease ends, written as a percentage of MSRP. A higher residual means you pay for less depreciation and get a lower payment. Tesla does not publish its residuals, but your lease agreement lists it. Trims that hold their value well get higher residuals, while longer terms and higher mileage plans lower it.
Money Factor
The money factor is the lease version of an interest rate. Multiply it by 2,400 to get the approximate APR, or divide an APR by 2,400 to get the money factor. A 0.00250 money factor equals 6.00% APR. Your credit tier decides which rate you are offered, and Tesla’s advertised payments assume top-tier credit.
Acquisition Fee
Tesla charges an acquisition fee to set up the lease, and it is part of the advertised due-at-signing amount. Some buyers prefer to roll it into the lease to keep cash upfront low, which adds the fee plus interest to the monthly payment.
Disposition Fee
The disposition fee, often called the turn-in fee, is charged when you return the car at the end of the lease. It is easy to overlook because it does not show up in the monthly payment, so the calculator adds it to the total cost by default.
Lease Term
Tesla’s advertised offers are usually 36 months, while other lenders and lease takeovers can run anywhere from 24 to 48 months. A shorter term means a higher residual and usually a higher payment, because you pay for the steepest part of the depreciation in fewer months. A longer term lowers the payment but adds months of rent charge and can run past the warranty on wear items such as tires. The calculator moves the residual by an estimated amount when you change the term, so check the real residual for that term on your quote.
Security Deposit
Some leases ask for a refundable security deposit at signing. It raises the amount due at signing, but you get it back at the end of the lease if you owe nothing else, so the calculator adds it to due at signing and leaves it out of the total cost.
Upfront Charges and Monthly Add-Ons
Registration, title and other upfront charges are paid at signing and are part of what the lease really costs. Monthly add-ons, such as a connectivity subscription or a protection plan billed monthly, aren’t part of the lease payment but still add to your monthly spend. The calculator counts both in the total lease cost and the effective monthly cost, so you can compare leases on everything you pay.
Mileage Allowance and Overage
Tesla leases start at 10,000 miles a year, and you can choose 12,000 or 15,000 miles when you order. Every mile over the total allowance costs $0.25 at lease end. On a 36-month lease, driving 13,000 miles a year on a 10,000-mile plan means 9,000 extra miles and a $2,250 bill.
Choosing the Right Tesla Mileage Plan
Buying miles upfront is usually cheaper than paying for them at the end. Tesla’s own plans start at 10,000 miles a year; the 7,500-mile and custom options are there for leases from other lenders and lease takeovers. In the example above, moving from 10,000 to 12,000 miles a year adds about $23 a month, or roughly $0.14 per extra mile. Paying the overage on those same miles would cost $0.25 each.
| Plan | Miles in 36 months | Base payment, $45,000 Tesla | Best for |
|---|---|---|---|
| 10,000 a year | 30,000 | $612 | Short trips, a second car, local driving |
| 12,000 a year | 36,000 | about $635 | Average drivers with a daily commute |
| 15,000 a year | 45,000 | about $657 | Long drives, road trips, ride-share work |
The 12,000 and 15,000 mile payments assume a two-point and four-point drop in the residual; your quote shows the real figures. The “Which mileage plan costs less” table in the calculator runs this comparison for your own car and driving.
How Sales Tax Works on a Tesla Lease
States tax leases in different ways, and the method can change your due-at-signing amount by thousands of dollars. Choose the option that matches your state in the calculator.
| Tax method | How it works | Effect on your lease |
|---|---|---|
| On each monthly payment | Tax is added to every payment. The down payment is usually taxed at signing too. | The most common method. You only pay tax on the part of the car you use. |
| On all payments, upfront | Tax on the sum of all payments is due when you sign (Minnesota works this way, for example). | Same tax total as monthly, but a higher amount due at signing. |
| On full vehicle price, upfront | Tax is charged on the whole price of the car at signing (Texas and Virginia, for example). | The most expensive method for a lease, because you pay tax on value you never use. |
| No sales tax | States such as Oregon, Montana, New Hampshire and Delaware have no general sales tax on leases. | Only registration and title fees apply. |
Tax rules have exceptions, and some counties and cities add their own rate. Check your state’s department of revenue or the tax line on your Tesla order before you rely on the estimate.
What Happens at the End of a Tesla Lease
As the lease nears its end, Tesla asks you to schedule a return and offers a pre-inspection through the Tesla app. At the return, you can expect three possible charges: the disposition fee, any miles over your allowance and any wear beyond normal use, such as curbed wheels, tires below the minimum tread depth, cracked glass or interior damage. Fixing small items yourself before the inspection often costs less than the lease-end bill.
Whether you can buy the car depends on your contract. Many current Tesla leases are written through partner lenders such as Chase, which lets you purchase the car for the residual value in your agreement plus a purchase option fee. Some earlier Model 3 and Model Y leases had no buyout at all. Read the purchase option section of your lease agreement before you plan on keeping the car. Ending a lease early is possible but expensive, since you usually owe most of the remaining payments.
Is Leasing a Tesla Worth It?
Leasing makes the most sense if you like driving a new car every few years, drive a predictable number of miles and want a lower payment than a loan. Tesla updates its cars often, and a lease protects you if a new model or a price cut lowers the value of the car you have. Buying makes more sense if you drive a lot, keep cars for many years or want to modify the car.
| Leasing a Tesla | Buying a Tesla |
|---|---|
| Lower monthly payment and less money due upfront | Higher payment, but you own the car when the loan ends |
| Depreciation risk stays with the lender | You keep any value the car holds and carry the risk of price cuts |
| Mileage limits and wear charges at return | No mileage limits or turn-in fees |
| Easy to switch to a newer model every two to three years | Cheapest over time if you keep the car for many years |
The $7,500 federal clean vehicle credit, which used to lower many EV lease payments, ended on September 30, 2025, so it is no longer part of any new Tesla lease. Some states and utilities still offer their own EV rebates. Enter any you qualify for in the credits field to see how they change the payment.
Tips to Lower Your Tesla Lease Payment
- Pick the right mileage plan upfront. Extra miles bought at signing cost about half as much as overage miles.
- Watch the end of each quarter. Tesla often adjusts prices and lease offers near the end of a quarter to hit delivery targets.
- Compare trims, not just prices. A trim with a stronger residual can lease for almost the same payment as a cheaper one.
- Keep the down payment small. If the car is totaled or stolen early, gap coverage pays the lender, but a large down payment is usually lost. A smaller down payment with a slightly higher monthly payment carries less risk.
- Check inventory and demo cars. Discounted inventory vehicles can lower the price the lease is based on.
- Use referral credits. When Tesla’s referral program offers a discount, enter it in the credits field to see its effect.
Frequently Asked Questions
How much is a Tesla lease per month?
It depends on the model, price, down payment, residual value and money factor. Tesla shows an estimated monthly payment for your exact configuration on its order page. Enter those figures in this calculator to add sales tax, fees and mileage costs and see the full cost of the lease.
How much do you pay at signing for a Tesla lease?
The amount due at signing usually covers the down payment, the first month’s payment and the acquisition fee. Depending on your state, tax on the down payment, registration and title fees are added. The calculator itemizes each part.
What is the money factor on a Tesla lease?
Tesla does not publish its money factor. It depends on your credit tier, changes with Tesla’s offers and is listed in your lease agreement. Multiply any money factor by 2,400 to convert it to an APR.
What is the residual value on a Tesla lease?
The residual value is what the car is expected to be worth at the end of the lease, as a percentage of its price. Tesla does not publish it, but your lease agreement lists it. You can also estimate it by adjusting the residual in the calculator until the payment matches Tesla’s advertised one.
How many miles do you get on a Tesla lease?
Tesla leases include 10,000 miles a year by default, and you can choose 12,000 or 15,000 miles a year when you order. Miles over the allowance cost $0.25 each when you return the car.
Can you still lease a Tesla Model S or Model X?
Tesla ended Model S and Model X production in 2026 and is not advertising lease offers on the remaining inventory cars. You can ask Tesla about financing on an inventory car, take over an existing lease from a current owner or lease a used Model S or Model X through a third-party lender. Use the custom price in the calculator to estimate the payment.
Can you buy your Tesla at the end of the lease?
It depends on the lease agreement. Many current Tesla leases written through partner lenders such as Chase include a purchase option at the residual value plus a fee, while some older Model 3 and Model Y leases had no buyout. Check the purchase option section of your contract.
Can you negotiate a Tesla lease?
No. Tesla sells and leases at fixed prices, so the price, residual and money factor are not negotiable. You can lower the cost by choosing a trim with a better residual, picking the right mileage plan, using inventory discounts and timing your order with Tesla’s promotions.
Is the federal EV tax credit included in Tesla lease prices?
No. The federal $7,500 clean vehicle credit ended on September 30, 2025, so current Tesla lease payments do not include it. State or utility EV rebates may still apply depending on where you live.
Does Tesla charge a disposition fee?
Yes. Tesla charges a turn-in fee when you return a leased car, and the amount is listed in your lease agreement. Excess wear, damage and miles over your allowance are billed separately.
What is the difference between the monthly payment and the effective monthly cost?
The monthly payment is what the lender bills each month, including tax in most states. The effective monthly cost spreads everything you pay over the lease, including the down payment, fees, upfront tax, add-ons, overage and the turn-in fee, so it shows what the car really costs you per month.
How accurate is this Tesla lease calculator?
The calculator uses the standard lease formula, so with the price, down payment, residual value and money factor from your quote it matches the lender’s base payment closely. Residual changes for other terms and mileage plans are estimates, and taxes and fees vary by state, so confirm the final figures on your Tesla order page.
About This Calculator
This calculator uses the standard lease formula that lenders use: depreciation plus a rent charge, with sales tax applied the way your state taxes leases. It does not load live Tesla offers, because Tesla changes prices often. Enter the figures from your own quote for the most accurate result. The starting values are an example only. This tool is for estimates and is not an offer of credit.