Tesla has introduced leasing options on its new entry-level vehicles in the United States for the first time, the Model 3 Standard and Model Y Standard, giving buyers another way to access the automaker’s most affordable vehicles.
Under the new program, the Model 3 Standard is available starting at $449 per month, while the Model Y Standard begins at $479 per month. Both lease offers are based on a $3,000 down payment, a 36-month term, and an annual allowance of 10,000 miles.
The introduction of leasing adds flexibility for buyers who prefer lower monthly payments or who want the option to upgrade more frequently as Tesla continues to make changes to its lineup. Leasing can be especially appealing for drivers who are less concerned about long-term ownership and more interested in predictable costs over a fixed period.
This latest incentive builds on Tesla’s recent push to make its vehicles more accessible through aggressive financing offers. In early December, the automaker rolled out 0% financing for up to 72 months on the Model Y Standard, a significant shift that followed earlier promotional rates of 3.99% and even higher earlier in the year. That 0% promotional rate is still available in 2026.
Tesla has also expanded leasing beyond its entry-level trims, with the new Model Y Performance now available to lease in the United States as well. The high-performance electric SUV starts at $799 per month, based on the same structure as the Standard trims, including a $3,000 down payment, a 36-month term, and an annual mileage allowance of 10,000 miles.
By adding leasing to the mix, Tesla is effectively covering both sides of the buyer spectrum. Customers who want to own outright can take advantage of low or zero-interest financing, while those seeking lower monthly commitments can now opt for a lease.
Unfortunately, the Model 3 and Model Y Standard are still not available to purchase in Canada. While the Model Y Performance is available to purchase in Canada, the option to least is not.
