Skip to content

Tesla Leasing

Find a Tesla car leasing deal

published: 26 October 2022

If you're thinking about leasing a Tesla, read our guide to find out all you need to know

Powered by Moneyshake 

How does a Tesla lease work? 

A Tesla car lease deal allows you to drive a brand-new car for fixed monthly payments. 

It’s very simple to get started. Choose the Tesla model you would like to lease and then decide how much you would like to pay upfront*, the length of your lease agreement and the number of miles you wish to drive each year. 

You will need to insure your lease car as you would if you were buying a car. Most leasing providers will require you to take out a fully comprehensive policy in order to protect the vehicle in case you have an accident in it. 

At the end of the contract, you will hand the car back with nothing more to pay (so long as you’ve kept the car in good condition and not exceeded your mileage allowance). 

*The initial upfront payment is typically equivalent to a number of months rental (for example nine months rental). This is a non-refundable amount that goes against your monthly lease payments.  

Tesla steering wheel

What is the lease agreement length on a Tesla deal? 

You can choose to lease your new car from anywhere between two to four years. 

It’s important to remember that a longer lease agreement will spread the lease cost, making the monthly payments cheaper. 

If you choose a lease agreement that’s longer than three years, you will be responsible for arranging and paying for the car’s MOT on its third birthday. 

For longer lease agreements, you have the option of a maintenance package that will cover the cost of your MOT and your car’s regular services. Bear in mind that this will be to maintain parts of the car that are subject to wear and tear but not damage caused by driver fault. 

What Tesla models are available to lease? 

Tesla is renowned for its class-leading electric cars, most of which are available to lease.  

Its flagship model – the Tesla Model 3 – is widely considered the king of electric cars thanks to its fantastic range, interior luxury and sports car performance. 

If you’re looking for something larger, the Model Y is a fully electric compact crossover with a clean design, long range and rapid performance.  

For those looking for something even faster, the Model S produces up to 670bhp. It boasts top in class engineering and a sleek design.  

Who provides the Tesla car leasing for MoneySuperMarket? 

We’ve joined up with our partner Moneyshake to bring you Tesla car leasing deals from the UK’s top lease providers. 

What are the benefits of leasing a Tesla car? 

Tesla leasing lets you drive away in one of Tesla’s innovative electric vehicles for fixed monthly payments. Free UK mainland delivery, the manufacturer’s warranty and road tax are included. 

What happens at the end of my Tesla leasing deal? 

At the end of your Tesla lease deal you can simply return your leased vehicle. Provided you have stuck to your agreed annual mileage there is nothing more to pay.  

Afterwards, you can take out a new deal on a different model or look elsewhere. 

Other useful guides 

Read more in our detailed leasing guides: 

Car leasing explained 

Buying versus leasing 

Audi car leasing 

Compare our best Tesla car leasing deals with our partner Moneyshake 

We’ve teamed up with partner Moneyshake to bring you a broad range of leasing deals from the UK’s top lease providers.  

Tesla, BMW, Mercedes, Audi – you can lease all the top car brands through Moneyshake – and at great value. 

Compare a range of deals depending on your monthly budget and annual mileage - and the make and model of car.   

Once you’ve picked your deal, the car will be delivered to you free of charge, with road tax and full manufacturer warranty included. 

Frequently asked questions

What’s the cheapest Tesla lease available?

The cheapest Tesla you can lease is the Tesla Model Y, which is available from £543.74 per month*. 

*Price based on a nine-month initial rental, 24-month contract and 5,000 annual mileage. Price accurate as of October 2022. 

Am I eligible for a Tesla car lease?

In order to be eligible for a Tesla lease, you’ll need to be at least 18 years old, have a full UK driving license and a good to excellent credit rating. 

It’s also important to make sure that you can budget to afford the monthly payments for the vehicle you’re interested in. 

Is there a limit on how many miles I can drive?

When taking out your Tesla lease deal you will select your annual mileage. 

If you have gone above this agreed mileage when handing your car back, you will likely be charged an excess mileage fee. 

Will I have to pay for repairs if I have an accident?

Yes – you should notify your provider straight away. You will then need to take it to an approved garage for repairs. If there isn’t information already in your contract about what garages are approved, then your provider should give you this information when you call.  

Once you’ve made the provider aware of the extent of the damage and have a list of approved garages, it’s then your responsibility to arrange a day to take it in to be repaired and pay the quoted price. 

Compare Tesla leasing quotes
Get a quote