Tesla has officially launched leasing options for the Cybertruck in Canada. Customers can now lease either the All-Wheel Drive or the Cyberbeast variant with no money down, a range of term lengths, and with three different mileage limits.
According to Tesla’s online configurator, Cybertruck leasing starts at $1,599/month for the All-Wheel Drive (AWD) Cybertruck, or $1,999 for the Cyberbeast with $0 down for a 48-month term and an annual driving limit of 16,000km.
As with any lease, you can increase or lower the monthly payment by adjusting the length, and other terms of the lease.
Tesla’s leasing calculator shows that over a 24-month term with the maximum allowed 25,000km, leasing a Cybertruck AWD will come out at $1,933/month and $2,059 due at signing, while the same terms for a Cyberbeast works out to $2,552/month, and $2,678 due at signing.
Upfront costs are modest, with no downpayment required, and due-at-signing amounts ranging from $1,725 to $1,793, depending on the selected mileage tier.
One of the most important aspects of leasing is whether you can purchase the vehicle at the end of the period. As you may be aware, Model 3 and Model Y leases in Canada cannot be bought out at the end of the term, however some Model S and Model X leases can. Unfortunately, Cybertruck leases are also not available for purchase at the end of the term, and must be returned to Tesla.
This Canadian launch of Cybertruck leasing comes only four months after leasing was first offered in the United States. In the U.S., leasing became available in early November 2024. American lease pricing is similar to what is available in Canada, from as low as US$1,249/month to upwards of US$1,700/month.
