Tesla Model Y Lease Deals
America's best-selling EV; the lease is competitive thanks to the $7,500 credit, but mileage limits are tight.
Updated 2026-06-16 · Reviewed monthly
Est. monthly
$449
36 mo · 12k mi/yr
Due at signing
$4,499
Starting MSRP
$44,990
Residual / MF
49% / 4.56%
Why the Tesla Model Y 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 Y, a typical 36-month deal amortizes about $22,945 of depreciation across 36 payments, plus a finance charge based on a money factor of roughly 0.00190 (~4.56% APR equivalent).
Lease highlights
- 10k mi/yr standard, 15k available
- $7,500 credit applied as cap reduction
Estimated monthly payment math
- Capitalized cost: ~$44,990 (MSRP, before negotiation)
- Residual (49%): $22,045
- Depreciation over term: $22,945
- 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.