The Tesla Cybertruck is now available to lease. That doesn’t make it cheap.
In many parts of the country, payments start at $999 a month, an offer that also requires an unusually large $7,500 down payment plus the tax payments associated with a car with a list price starting at nearly $80,000.
Payments for the top-of-the-line Cyberbeast model start at $1,148 per month.
Tesla will offer lease terms of 24 or 36 months, with annual driving limits of 10,000, 12,000, or 15,000 miles.
In an unusual move, Tesla will not allow you to buy your Cybertruck at the end of its lease period. Lease terms specify that the truck remains Tesla’s property, and lease customers must return their trucks when their leases expire.
According to Kelley Blue Book data, the Cybertruck has been the best-selling vehicle priced over $100,000 since mid-summer, easily outselling other electric pickups like the Ford F-150 Lightning and Chevrolet Silverado EV.
Tesla claimed a backlog of more than a million reservation holders waiting to buy a Cybertruck when the vehicle launched. However, as with most electric vehicles (EVs), many reservation holders chose not to buy the finished truck. That left the company in a position to offer leases less than a year after the truck launched.
