Those looking to get into a Tesla Model S now have the chance to do so for a little less cash, and with the option to return it in 3 months without paying a penalty. This all comes thanks to a new partnership with US Bank.
The cost of the lease is going down by a good chunk, reducing monthly lease payments on a new Model S by as much as 25%. Current lease terms put you in a Tesla for anywhere from $600 to $1,300 per month and require a down payment of $6,500.
If the potential cash savings isn’t enough to make you pull the trigger, then how about the option to return the car after 3 months if you decide it just isn’t your thing? They refer to this as their happiness guarantee and it will let you return it anytime in those first 3 months without penalty.
They also waive the remaining lease payments, so, you could almost look at this as a long-term Tesla rental. Once you break the lease, the only penalty of sorts is that you can’t just turn right back around and lease another Model S and there’s no word on how long the waiting period is before you can give it another go.
If you decide you love your new car, but you want a few more bells and whistles, then the rules are a little different. You can get out of that original lease and move right on to a more well-equipped model with just a fee to cover the difference in price between the two cars.
It sounds like a pretty good deal, so if you’re looking at leasing a Model S you’ll probably want to check it out sooner rather than later. Tesla didn’t say how long this deal would last, which means it could disappear at a moment’s notice.