Key Points

• Research suggests Tesla offers leasing with no down payment (no capitalized cost reduction), but upfront fees like first month’s payment and taxes apply.

• Estimated monthly payments for no down payment: Model 3 RWD ~$424 for 24 months, Model Y Long Range RWD ~$432 for 36 months.

• Teachers and students may get a $1,000 discount, potentially lowering costs.

Lease Details

Monthly Payments with No Down Payment:

• Model 3 Rear-Wheel Drive: Approximately $424/month for 24 months, with ~$2,000–$3,000 due at signing (includes first month’s payment, acquisition fee, taxes).

• Model Y Long Range Rear-Wheel Drive: Approximately $432/month for 36 months, with similar upfront fees.

Discounts for Students and Teachers:

• It seems likely that a $1,000 discount …