Tesla Offers $999 Cybertruck Leases to Drum Up Demand

by Chris Teague

Published: November 8th, 2024

tesla offers 999 cybertruck leases to drum up demand

At first, Tesla loved to tout its Cybertruck order numbers, but it now seems like the list of hopeful buyers might not be so hefty. A short while ago, we reported that the lead time for a new Cybertruck had shrunk considerably. Now, we’re learning that Tesla is implementing a new lease program designed to draw in potential buyers for the ultra-polarizing pickup truck.

Tesla’s new lease program starts at $999 per month. Dual-Motor variants can be had for that price on a 36-month lease with $7,500 down. Buyers who want to avoid the down payment can get a 36-month lease for $1,249 or a 24-month lease for $1,568. Tri-Motor Cybertrucks cost $1,439 on a 36-month lease without a down payment and $1,204 with $7,500 down.

The launch-only Foundation Edition trucks are no longer available for order on Tesla’s website, but buyers can choose between the dual-motor All-Wheel Drive or tri-motor Cyberbeast. Pricing starts at $79,990 for the AWD variant and $99,990 for the Cyberbeast.

The Cybertruck has never been as cheap as Tesla originally promised, but the new lease deals at least open the door to federal tax credits. Lessees get the $7,500 credit for vehicles that would otherwise not qualify for one. While a $999 lease is far from affordable for most buyers, it should help Tesla goose demand for the truck while it works toward releasing the now-promised $60,000 variant sometime in 2025.

[Images: Tesla]

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Chris Teague

Chris grew up in, under, and around cars, but took the long way around to becoming an automotive writer. After a career in technology consulting and a trip through business school, Chris began writing about the automotive industry as a way to reconnect with his passion and get behind the wheel of a new car every week. He focuses on taking complex industry stories and making them digestible by any reader. Just don’t expect him to stay away from high-mileage Porsches.

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ToolGuy 2 days ago
I saw a guy on the youtubes who put his Cybertruck on Turo and made $2K in less than a month. $2K might be more than $999, I'm not sure, I am still learning Biden dollars math. (Imagine what you could accomplish on Turo with a Maverick!)

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YellowDuck Yesterday
Saw one on the road for the first time on Saturday. It was ridiculous. The guy in the car with me is a total Elon fanboy, and even he was like "eewwww...."

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