Tesla lowers Model S lease price, adds 3-month ‘happiness guarantee’

Lower Lease Cost Applies Even If You Keep The EV

Tesla Motors is offering a wonderful opportunity for those potential buyers who might be sure at the moment whether or not they want to own a model S for a long period of time. This offer is basically a deal which the customers will have to strike with Tesla Motors through US Bank and the added benefit of this deal is not just the lower cost for the lease of EV. In addition to this, your deal is going to be more like a long term rental of the electric sedan.

Buyers who are more curious towards the Model S and have leased it already can return their cars within the first three months without any penalty and the remaining of their payments will be waived. Tesla has tagged its new offer as “happiness guarantee” following the deal’s announcement on the company’s blog by CEO Elon Musk. As he was unveiling the new offer, the CEO said that the payments were also as much as 25 percent lower because US Bank “has a much lower cost of capital than us.”

At the moment a lease from Tesla would start at around $800 and can shoot up to $1300 with down payments at $6,500. Currently, the Tesla leasing is available in 38 states in the country. And now let’s come to the point where you are thinking how the company is offering such a great deal with nothing to lose. Well, there is of course a catch which says that in case people turn in their Model S within three months, they can’t immediately lease another one and so far we don’t know how long this wait can be.

source: teslamotors