Lease an AWD Cybertruck for $799/mo with $5k down

[Pimoli]

Let’s say you lease the AWD for 36 months with $5K down. By the end of the lease, you’ve paid $33,764.

Want to keep the truck? The buyout puts your total spend at $87,874 — for a $79K truck.

Yeah… doesn’t sound like a great deal.

Now, what if you finance instead?

Take out a 72-month loan at 7% interest, and by month 36, you’ve already paid $13,108 just in interest.

If you pay it off then, you’re in for $93,098 total — or $84,518 if you qualify for the $7,500 EV tax credit.

So here’s the TL;DR:

• If you don’t qualify for the tax credit, leasing ends up cheaper at the 3-year mark.
• If you do qualify, buying up front is still the better deal.

Why inflating the interest at 7%? Could it be 4% 1%? Isnt that a variable?

Sponsored

 

[Wavshrdr]

Remember: Leasing = Renting

Unless you own a business and can tax advantage of the current IRS tax laws you may want to think twice about leasing a vehicle.

Even then, it might be better to buy. I've been doing the analysis and with Sec 179 and the clean vehicle tax credit, along with Navy Federal loan rates, make a very compelling argument for buying.

They quoted me 4.49% for 60 months & 4.79% for 72. I'd rather write off this year as much as I can than whatever the small leasing amount (by comparison will be) to offset my expected revenue for this year.

I still could lease through Tesla, and buy it out via Navy Federal as well. Their loan rates are much better than the money factor people are seeing through Tesla, if you can take advantage of them.. Now if Tesla had a great promo on financing, it might be worth it but I am not seeing that. With Navy Federal they'll finance the entire amount including taxes and fees for well qualified buyers.

 

[toedi]

I have an active order for a 2024 AWD to lease. The initial MF was 0.00415. They reopened the lease application for me, which now shows a MF of 0.00331. However, this is still considerably higher than the promotion, which according to the inventory lease calculator should be valid for 2024s, as well. Even the SA doesn’t know what’s going. Asked me to resubmit the order but that didn’t help.

 

[devdrone6]

I wish leasing was available in Nebraska, I'd get another CT.

 

[Gaximus]

Not sure what the question is. At the end of the lease, 3 years from now, you can either turn back in the truck, or you can buy it outright for $55k (most people will get a used are loan for that amount). It's actually a great way to de-risk a product and technology with a great deal of uncertainty. If in 3 years there's a way better product out there (i.e. greater range, cheaper, etc.), then you can walk away without a significant depreciation hit and go buy that new truck. If everything is way more expensive, or you just can't buy any self-driving vehicles because demand is through the roof, then you can on the cheap buy buying your own truck. BTW, I know this sounds crazy, but this exact thing happened during Covid...

Does this answer your question?

What do you mean “walk away without a significant depreciation hit”. It’s $34, you paid with nothing in hand for it. And if you choose to buy at that point it’s going to cost a total of $90k. And you take a loan, it’ll be a higher interest loan because it’s a used vehicle.

 

[Error48Teapot]

That $799/month lease for the AWD Cybertruck with $5k down is definitely eye-catching, especially for something that futuristic. But like any lease, the real value depends on what’s included — mileage limits, buyout options, and how Tesla handles wear and tear.
While digging into leasing comparisons, I came across an unrelated but surprisingly relevant read it talked about evaluating long-term value in digital environments, which oddly mirrors how you have to assess tech-forward vehicles like the Cybertruck. If you're set on an electric lease and want the latest hardware with some buzz around it, this could be a solid deal — just read the fine print.

 

[atnomos]

What do you mean “walk away without a significant depreciation hit”. It’s $34, you paid with nothing in hand for it. And if you choose to buy at that point it’s going to cost a total of $90k. And you take a loan, it’ll be a higher interest loan because it’s a used vehicle.

Yep this is my biggest concern.

 

[BlueLightning]

Still no joy!

Bummer, Bummer, Bummer, live in one of the great oil states and there are laws preventing Tesla from leasing, weird I can lease a Ford Lightning, GMC Hummer, and Chevy Blazer EV but not a Tesla?!

Well, still let’s get those CT moving!

Sponsored