Tesla Model 3 Lease Deals
The Model 3 lease passes the full $7,500 federal commercial EV credit through as a cap-cost reduction, making it dramatically cheaper to lease than buy.
Updated 2026-06-16 · Reviewed monthly
Est. monthly
$399
36 mo · 12k mi/yr
Due at signing
$3,999
Starting MSRP
$42,990
Residual / MF
50% / 4.56%
Why the Tesla Model 3 leases the way it does
The monthly payment on a lease is driven by three things: the negotiated capitalized cost, the residual value at lease end, and the money factor (interest rate). On the Model 3, a typical 36-month deal amortizes about $21,495 of depreciation across 36 payments, plus a finance charge based on a money factor of roughly 0.00190 (~4.56% APR equivalent).
Lease highlights
- $7,500 EV lease credit applied automatically
- 10k mi/yr standard
- Tesla doesn't allow lease buyouts
Estimated monthly payment math
- Capitalized cost: ~$42,990 (MSRP, before negotiation)
- Residual (50%): $21,495
- Depreciation over term: $21,495
- Money factor: 0.00190 (~4.56% APR)
- Term: 36 months · 12,000 miles/year
Use our lease calculator to model your specific scenario, and check the payment math guide for a full walkthrough.