- The standard leasing option includes a $7,500 downpayment, although this figure can be reduced or scratched completely.
- Buying out the regular Cybertruck All-Wheel Drive will cost $54,930 at the end of the lease, and the Cyberbeast $67,510.
Tesla’s Cybertruck has only been available for lease for a few weeks, yet the company is already slashing prices. Along with the newly announced cuts, Tesla is now offering shoppers the option to purchase the electric pickup at the end of the lease, though it comes with a hefty price tag. However, while these new terms might seem appealing at first glance, a closer look at the numbers reveals a more nuanced picture.
Leases start at $899 per month for 36 months, with 10,000 miles annually for the base all-wheel-drive Cybertruck, previously priced at $999 per month. Tesla’s standard leasing deal requires a hefty downpayment of $7,500. Factor that in, and you’ll be paying an average of $1,107 per month for 36 months, which works out to be $39,864 over the life of the lease.
Leases for the base all-wheel-drive Cybertruck now start at $899 per month for 36 months with a 10,000-mile annual limit, down from the previous $999 per month. However, to get that number, Tesla requires a $7,500 downpayment upfront. If you include this, then the effective monthly cost rises to $1,107, totaling $39,864 over three years.
Read: Tesla Finally Offers Lease Buyout Option, But Is It Really Worth It?
For those avoiding the downpayment, which we always advise buyers to consider, the monthly cost jumps to $1,142, with the lease totaling $41,112 over its term.
Leasing to Owning: The High-Stakes Math
Late last month, Tesla also introduced lease buyouts for the first time in years. In the case of the Cybertruck All-Wheel Drive, the buyout totals a hefty $54,930 plus taxes, fees, and a $350 purchase fee. Add that to the $41,112 you could pay over the life of the lease if opting for no downpayment, and you’ll end up spending $96,392 before unspecified taxes and fees. To put that into perspective, it costs $79,990 to buy the same Cybertruck model outright.
The story is similar for the flagship Cyberbeast model, which Tesla now offers for $999 per month on a 36-month lease with the same $7,500 downpayment. That equates to an effective $1,207 per month, or $43,464 over the term of the lease.
Skipping the downpayment increases monthly payments to $1,277, for a total of $45,972. Want to keep the Cyberbeast at the end of your lease? Be ready to shell out $67,510 for the buyout, bringing the grand total to $113,832—nearly $14,000 more than the $99,990 sticker price.
The Real Cost of Flexibility
Tesla’s revised leasing deals and buyout options give customers more flexibility, but they also come with significant trade-offs. While the lower monthly payments may attract more drivers, the long-term math strongly favors buying the Cybertruck outright if ownership is the goal.
