Tesla has finally opened up the option to lease its highly anticipated Cybertruck—but is it really a good deal? While the initial monthly lease rate may sound appealing, a closer look at the terms reveals that the true cost of leasing this electric pickup truck could leave you questioning whether it’s worth the investment. Let’s break down the details, so you can decide if leasing the Cybertruck makes sense for your budget.

Lease Terms: How Much Are You Really Paying?

At first glance, the Tesla Cybertruck lease offers some attractive options. Starting at $999 per month, you might think you’re getting a great deal, especially for an electric vehicle as groundbreaking as this one. However, the down payment of $7,500 is just the beginning. Tesla also charges additional fees that can drive up the upfront cost significantly. By the time you factor in destination fees, order fees, and acquisition fees, you could be looking at a total of $11,679 due at signing—before even considering taxes​

In addition to these fees, Tesla offers lease terms of 24 or 36 months, with mileage limits that vary from 10,000 to 15,000 miles per year. The Dual Motor Cybertruck starts at $1,068 per month for 36 months, but the more powerful Cyberbeast trim will cost you $1,284 per month, with the final price rising as high as $1,338 depending on your chosen mileage. Even though leasing seems like an easier option than buying outright, the hefty monthly payments may be a tough pill to swallow​

Cybertruck’s Lease vs. Buying: What’s the Best Option?

For many potential Cybertruck owners, leasing might not be the most cost-effective option in the long run. Tesla’s leasing program does not include a buyout option, meaning you’ll need to return the truck after your lease term ends, with no chance to own it at the end. If you plan on keeping the vehicle for the long term, financing the purchase might be a better choice. Tesla’s purchase price starts at $81,895 for the Dual Motor and $101,985 for the Cyberbeast, which is a significant upfront cost but could offer better value in the long run if you intend to keep the truck for several years【36†source​

While leasing does come with some tax incentives—especially for those who qualify for the federal EV tax credit—you’ll still face a hefty cost over the course of the lease. For instance, opting for a range extender (expected to cost $16,000) or adding additional features like Full-Self Driving could push your lease payments even higher!

Leasing the Tesla Cybertruck Worth It?

Leasing the Tesla Cybertruck may seem like an exciting opportunity, but it’s essential to weigh the total costs. While the lower upfront payment and flexible lease terms can be appealing, the additional fees and high monthly payments may cause some to rethink their decision. If you’re willing to accept the long-term financial commitment, purchasing might still be the better route for those who want to own a piece of Tesla’s revolutionary electric vehicle technology .

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