As The Verge noted, Tesla was already offering a three-year lease for its cars.
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It’s never been more affordable to experience the exhilarating performance and extraordinary safety of the groundbreaking Tesla Model S sedan and Model X SUV. Compared with the down payments of $3,862 and $3,983 for the Model S and Model X, respectively, under the three-year lease program, the down payments for the shorter option are nearly double.
Tesla has announced that after considering feedback from its customers and fans it has made a decision to offer a new two-year lease option for its vehicles. With the best safety ratings of any auto ever built and equipped with driver assistance Autopilot features that steer, change lanes and control speed, Tesla’s zero-emissions vehicles have revolutionized the modern driving experience. Note that the $593 per month payment is based only on the Model S 60 which now stands at $66,000 for a 24-month payment with a $6,000 down payment. These are significant increases from the $3,862 and $3,983 respectively that customers had to pay for the three-year lease.
There was no word on whether or not Tesla would opt to extend the option after September.
According to commentators, Tesla’s announcement of its new lease programme comes at a time when the company was fighting criticism of its Autopilot feature which had been linked to accidents.
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As far as Model S demand goes, there are only so many people willing to plop down the cash required for a luxury vehicle, so there will be a topping out of demand at some point.
