Tesla Offers New $6,500 Lease Credit in USA After Federal EV Tax Credit Expires
Tesla has introduced a new $6,500 lease credit for rental vehicles in the USA, effective from 2024. This move comes as a replacement for the lapsed federal news credit, which expired in September 2022.
In the wake of the federal EV tax credit's expiration, Tesla has adjusted its lease pricing and incentives. In August, the monthly lease rates for Model Y Long Range variants increased by $50 for both RWD and AWD models. The new lease prices for Model 3 and Model Y range from $429 to $759 per month, representing increases of up to 11%.
To offset these higher payments, Tesla has introduced a new $6,500 lease credit. This credit is already factored into the advertised monthly payments but remains subject to change or end at any time. Tesla has also updated its lease policies to allow customers to purchase their vehicle at the end of the lease term.
As Tesla enters the final quarter of 2022 without the boost of federal tax credits, it is balancing higher lease pricing with incentives to keep monthly payments competitive. The new $6,500 lease credit aims to help offset higher payments, providing a new avenue for customers to access Tesla vehicles.
Read also:
- Honda unveils blueprint for design, advanced driver assistance systems, electric vehicles, fuel efficiency, and technology development
- Unveiled in New Zealand: The Entirety of the New Toyota RAV4, Including the GR Sport PHEV Version
- Rising Tesla Sales in China, Model Y Led the Pack in October Sales Figures
- Expanded Scout Lineup Unveiled: The Traveler and Terra – Electrified, Extended Range Vehicles with Integrated Front Trunks, Offered in Both SUV and Truck Variants
