The 2026 Tesla Model Y (Image source: Tesla)
Tesla is trying to boost the sales in its holiday quarter any way it can. After introducing 0% Model Y APR financing and stacking it with inventory discounts and free options, it is now readying a drastic lease price increase for Q1.
Tesla is pulling out all the stops when it comes to saving the Q4 shipment numbers that have not only gone down in places like China or Europe but also in the US, where the Trump administration ended the federal EV tax credit prematurely at the end of September.
It has introduced its blockbuster deal of zero APR financing for the Model Y and Model 3, as well as inventory discounts and free options upgrades. It also tinkered with the lease pricing, lowering it significantly at the beginning of the quarter, as it knows that most individual owners and businesses lease their vehicles.
Tesla Model Y lease payment increase
After the 0% APR financing carrot, Tesla is now taking out the deal expiration stick to urge people to buy. It now cautions that it will drastically increase the Model 3 and Model Y monthly lease payments by up to 67%. Here’s the full breakdown of the coming Tesla lease price changes:
Model 3 Premium RWD: $499/month, a whopping 67% increase.Model Y Premium AWD: $649/month, a 35% increase. Model Y Premium RWD: $549/month, a 22% increase.Model 3 Premium AWD: $549/month, a 22% increase.Cybertruck AWD: $849/month, a 16% increase.Model 3 Performance: $749/month, a 7% increase.
The lease payment increase will be made even more painful by the fact that it will require a $3,000 down payment, while most trims now enjoy a reduced monthly outlay with zero down beforehand.
The new Tesla Model 3 and Model Y lease prices become a reality after December 26 and will be valid for those who take delivery after December 31, so Tesla will enter the first quarter of 2026 with a drastic lease payment increase on its most popular vehicle, the Model Y.
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Daniel Zlatev – Senior Tech Writer – 1994 articles published on Notebookcheck since 2021
Wooed by tech since the industrial espionage of Apple computers and the times of pixelized Nintendos, Daniel went and opened a gaming club when personal computers and consoles were still an expensive rarity. Nowadays, fascination is not with specs and speed but rather the lifestyle that computers in our pocket, house, and car have shoehorned us in, from the infinite scroll and the privacy hazards to authenticating every bit and move of our existence.
