Tesla’s stainless steel electric pickup truck, equipped with futuristic technology, unconventional designs and groundbreaking performance, has been recently introduced under the company’s leasing options. Introduced in Oct. 2024, the new buying option for the Tesla Cybertruck makes it easier and cheaper for consumers to acquire the premium electronic truck, which has a retail price between $61,000 and $80,000.
The company is leasing the truck, starting from $907 a month with a two or three year term available per lease, where customers are able to lease the All-Wheel Drive (AWD) and Cyberbeast models. The leasing for the AWD Cybertruck starts at $907 per month, with a $7,500 down payment for a 36-month lease, and the Cyberbeast is being leased at $1056/month with the same down payment and term length.
These two models differ in performance, range and capabilities: the AWD’s dual motor offers a relatively stronger level of performance and more moderate speed compared to the Cyberbeast, which features a tri-motor setup with extreme speed, which can go from 0 to 60 mph in 2.6 seconds. The AWD model is said to exceed 300 miles per charge and the Cyberbeast, 500 miles. The Cyberbeast’s wide range makes it one of the longest-range electric trucks on the market making it more appealing for those seeking “top-tier” performance. The maximum weights these cars can tow ranges from 10,000 pounds for the AWD, and up to 14,000 for the Cyberbeast. These characteristics help customers decide which car they would prefer to lease, based on their budget and intended use. Terms and conditions for leasing a Tesla Cybertruck include returning the vehicle after leasing and each vehicle’s mileage being limited to 10,000, 12,000 or 15,000 miles a year with an extra 25 cents per every mile exceeding the 10,000 limit.
The Cybertruck remains the fifth best selling electronic vehicle in the U.S. market, with its competition being other electric trucks like the Ford-150 Lightning and the 2025 Rivian R1T. Now, with its leasing options, customers who are unsure about making the full purchase or unable to afford it have a better chance of acquiring the Cybertruck.
Leasing the Cybertruck comes with its pros and cons. On one hand, leasing the vehicle allows for a less financially demanding way for customers to experience the luxury car and its wide range of performance options. On the other hand, the truck requires a $7,500 down payment, and the monthly $999 price tag may scare some buyers away. Tesla also does not provide the option to buy the Cybertruck at the end of the lease, and this may be inconvenient for buyers who prefer to lease the vehicle before buying it.
Tesla’s Cybertruck has quickly become a status symbol for enthusiasts, and with its new payment plan, consumers have wider options to experience the truck. This action could set a precedent for other automakers in electric vehicle leasing structures, depending on how successful Tesla is.
