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Early lease "trade/swap"?

Gsxr150

Member
Nov 13, 2019
149
140
Minnesota
Just curious for the long-time Tesla owners here. Does Tesla ever allow you to trade in your lease early for another lease? For example, if you wanted to swap out a few months early for another Tesla? I'm curious if that is something they offer.
 

BZM3

Member
Aug 15, 2019
282
184
Somewhere
Just curious for the long-time Tesla owners here. Does Tesla ever allow you to trade in your lease early for another lease? For example, if you wanted to swap out a few months early for another Tesla? I'm curious if that is something they offer.
interested in this as well as i will be exceeding my 15,000 mi/year lease - hopefully i can swap ( for Model Y ;) ) a few months before my lease is up and avoid paying the .25 cents per mile overage charge..
 

vjlvjl

Bluebird
Apr 17, 2015
57
75
San Jose, CA
Tesla initiated and offered me an early lease-buy for my Model X if I bought/leased another Tesla vehicle. This was a little over a year ago. At that time, my Model X was 2.5 yrs into a 3 year lease. They gave me 30-days to accept the offer, which I did. However, it took the leasing company (US Bank) over a month to schedule a lease-end inspection. Tesla extended the offer by another 15 days. Other than that, it was a fairly painless process. I ended up leasing another Model X for 3 years.

I was over the mileage limit for 2.5 year mark but not for the 3 year mark. There was no extra mileage charge as my mileage was still within the original 3 year lease term.
 

BZM3

Member
Aug 15, 2019
282
184
Somewhere
Tesla initiated and offered me an early lease-buy for my Model X if I bought/leased another Tesla vehicle. This was a little over a year ago. At that time, my Model X was 2.5 yrs into a 3 year lease. They gave me 30-days to accept the offer, which I did. However, it took the leasing company (US Bank) over a month to schedule a lease-end inspection. Tesla extended the offer by another 15 days. Other than that, it was a fairly painless process. I ended up leasing another Model X for 3 years.

I was over the mileage limit for 2.5 year mark but not for the 3 year mark. There was no extra mileage charge as my mileage was still within the original 3 year lease term.
Awesome to hear!
 

Gsxr150

Member
Nov 13, 2019
149
140
Minnesota
Tesla initiated and offered me an early lease-buy for my Model X if I bought/leased another Tesla vehicle. This was a little over a year ago. At that time, my Model X was 2.5 yrs into a 3 year lease. They gave me 30-days to accept the offer, which I did. However, it took the leasing company (US Bank) over a month to schedule a lease-end inspection. Tesla extended the offer by another 15 days. Other than that, it was a fairly painless process. I ended up leasing another Model X for 3 years.

I was over the mileage limit for 2.5 year mark but not for the 3 year mark. There was no extra mileage charge as my mileage was still within the original 3 year lease term.

US Bank? So all leases are no through Tesla finance hu?
 

boelkers

Member
May 30, 2017
131
121
Minnesota
Last year at the end of the 3rd quarter Tesla offered an early turn in leases that had less than a year left on their lease if you bought or leased a new Tesla. I was really hoping they would offer it again this year so that I could do an early turn in on my lease but so far I haven't heard anything like that happening.
 

Gsxr150

Member
Nov 13, 2019
149
140
Minnesota
Last year at the end of the 3rd quarter Tesla offered an early turn in leases that had less than a year left on their lease if you bought or leased a new Tesla. I was really hoping they would offer it again this year so that I could do an early turn in on my lease but so far I haven't heard anything like that happening.

Very interesting...I'm guessing the Model 3's and Y's will sell good enough to where they won't need to take back leases early.
 

jboy210

Well-Known Member
Supporting Member
Dec 2, 2016
5,688
3,688
Northern California
Very interesting...I'm guessing the Model 3's and Y's will sell good enough to where they won't need to take back leases early.

Maybe. But leasing on the Model 3 is pretty new, so we may not know for a while. Also, I suspect the Model Y is going to be more popular than the Model 3, since people like/love CUVs. So you could get into a situation where leasing a Model 3 has incentives, but a Model Y does not.
 

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