Tesla Financing Options for 2024

Purchasing a Tesla in 2024? Explore Tesla's financing options, from loans to leases, and find out which one fits your budget and lifestyle best.

Tesla Financing Options

When purchasing your Tesla in 2024, you have several financing options to choose from. Tesla provides a financing calculator in the Design Studio to help you estimate payments for both purchasing and leasing your vehicle.

Available Payment Methods

• Lease your vehicle: Tesla offers lease terms ranging from 24 to 36 months. Leasing is available for qualifying customers, allowing you to drive a Tesla without the long-term commitment of ownership.
• Finance your vehicle: You can finance your Tesla through Tesla’s financing partners or a third-party financier. Loan terms typically range from 36 to 84 months, depending on your credit and financial qualifications.
• Pay cash for your vehicle: You can also purchase your Tesla outright by paying in full with cash. Tesla provides several options for making your final payment, including direct transfers for delivery.

Note: Currently, Tesla does not offer business-only, trust, or commercial leasing or financing options.

Credit Application

If you plan to lease or finance your Tesla, you will need to submit a credit application. After placing your order, you can complete the credit application and payment details through your Tesla Account. You will need to provide information such as your social security number, phone number, and employment details to complete the credit process.

Preparing for Delivery

Once your credit application has been submitted, you will receive further instructions in your Tesla Account. If you are financing or leasing, you will need to sign your Lease Agreement or Retail Installment Contract online before taking delivery. In certain states like Texas and Michigan, customers must submit final payment prior to scheduling delivery.

For the latest details and to explore your options, visit the Tesla Financing Page.