Can You Really Lease a Used Tesla for Cheap in California or Texas?
If you’ve been eyeing a Tesla but balked at the sticker price, there’s a new twist that might catch your attention: leasing a used Tesla with zero down and monthly payments starting at just $225. Sounds almost too good to be true, right? Let’s break down how these deals work, why they’re popping up in California and Texas, and what you should watch out for before jumping in.
Why Are Used Tesla Lease Deals So Low Right Now?
Tesla’s recent surge in used vehicle lease offers isn’t just a random act of generosity. The company, like many automakers, is facing a growing inventory of off-lease vehicles. As more early adopters trade in or return their Teslas, the market is getting flooded with gently used electric cars. According to data from Cox Automotive, used EV inventories in the US have more than doubled since 2022, putting downward pressure on prices.
To keep these cars moving, Tesla and some third-party leasing companies are rolling out aggressive deals—especially in states where EV adoption is high and infrastructure is robust. California and Texas fit the bill perfectly. Both states have strong charging networks, large populations, and a healthy appetite for electric vehicles. That’s why you’re seeing these eye-popping lease offers pop up there first.
What’s the Catch With Zero Down and $225 Monthly Payments?
Let’s be real: $225 a month for a Tesla sounds like a steal. But as with any deal that looks too good to be true, there are a few strings attached. For starters, these offers are typically for older Model 3 or Model Y vehicles, often with higher mileage. You’ll want to check the car’s battery health, as range degradation can be a concern with used EVs, especially those that have seen heavy use.
Another thing to note: the zero-down payment usually means you’re committing to a longer lease term, often 36 months or more. And while you’re not putting money down upfront, there could be additional fees at signing—think acquisition fees, taxes, and registration costs. Always read the fine print and ask for a full breakdown of costs before signing anything.
Are There Hidden Costs or Limitations?
Beyond the monthly payment, consider what’s included in the lease. Some used Tesla leases may not come with the original factory warranty, or the warranty period may be nearly expired. Repairs on Teslas can be pricey, especially if you’re out of warranty. It’s worth asking if the lease includes any extended coverage or if you can purchase it separately.
Mileage limits are another biggie. Most leases cap you at 10,000 to 12,000 miles per year, with steep penalties for going over. If you have a long commute or love road trips, factor this into your decision.
How Do These Deals Compare to Buying Used?
Leasing a used Tesla can be a smart move if you want to avoid the risks of long-term ownership—like battery replacement costs or rapid depreciation. According to Edmunds, the average three-year-old EV loses about 52% of its value, compared to 39% for gas cars. Leasing lets you sidestep that hit, but you won’t build any equity in the car.
Buying used, on the other hand, gives you more flexibility. You can drive as much as you want, customize the car, and sell it whenever you please. But you’ll shoulder all the maintenance and repair costs, and you’ll be on the hook if the car’s value drops further.
What Should You Check Before Signing a Used Tesla Lease?
Before you get swept up in the excitement, do your homework. Ask for a full vehicle history report and check for any accidents or major repairs. Request a battery health report—Tesla’s batteries are robust, but their range can drop after years of fast charging or heavy use.
Take the car for a test drive and inspect the interior and exterior for wear. Don’t be afraid to negotiate; with so many used Teslas on the market, you may have more leverage than you think.
Is This the Right Move for You?
Leasing a used Tesla at these prices can be a game-changer for drivers who want to dip their toes into the EV world without a huge financial commitment. It’s especially appealing if you live in California or Texas, where charging is easy and incentives are plentiful. Just remember: the best deal is one that fits your lifestyle and budget, not just the lowest monthly payment.
The big takeaway? Scoring a used Tesla lease isn’t about perfection—it’s about smarter adjustments. Start with one change this week, and you’ll likely spot the difference by month’s end.
