Key Takeaways:
– Tesla’s Cybertruck leasing rates have been unveiled and are higher than rivals Ford F-150 Lightning and Rivian R1T.
– The Cybertruck’s least expensive leasing offer is $999 a month, paralleling rate for Tesla’s luxury Model S and Model X vehicles.
– Comparatively, Ford and Rivian offer monthly lease rates of $550 and $862 respectively.
Unraveling Tesla Cybertruck’s Leasing Price
Tesla’s highly-anticipated Cybertruck has generated much buzz in the EV market. The latest updates reveal the lease offer for Tesla’s stainless steel vehicle standing at a steep $999 per month. This rate is associated with the dual-motor all-wheel-drive model. For the tri-motor Cyberbeast variant, the leasing price increases to $1,148 a month.
These prices are worked out based on a lease term of 36 months, with a down payment of $7,500 and a yearly mileage allowance of 10,000 miles. Despite the high-end appeal offered by Tesla’s vehicles, the monthly lease price is a critical factor for potential buyers evaluating affordability.
Tesla Cybertruck in the Luxury Tier
Interestingly, the Cybertruck’s lease pricing echoes that of Tesla’s flagship Model S and Model X. For customers ready to adjust the allowance to 15,000 miles and decrease the term to two years, the monthly payment can reach up to $1,255.
In terms of cost, the electric truck’s leasing deal tallies with high-end luxury vehicles. For instance, BMW X7 xDrive40i can be leased with an effective monthly payment of roughly $1,190 when the down payment is spread over 36 months.
Comparing with the Competition
The lease price of Cybertruck appears even more significant when compared with the electric truck rivals in the market: Ford F-150 Lightning and Rivian R1T.
Ford offers a tempting lease deal on the XLT Standard Range trim of its F-150 Lightning, priced at $550 a month for 36 months, with no down payment, making the dual-motor Cybertruck’s lease price look enormous. However, the Cybertruck does offer a longer driving range compared to Ford’s F-150 Lightning XLT Standard Range trim (325 versus 230 miles), which could be a deciding factor for EV enthusiasts prioritizing longer range.
On the other hand, Rivian also offers a competitive lease deal, with its R1T model available at $862 per month for 36 months. That price is calculated based on a 10,000-mile annual allowance and a $7,000 down payment or trade-in value. This effectively amounts to $1,056 per month, still more budgeting friendly than the Cybertruck’s lease rates.
Is Expensive Always Better?
Tesla’s expensive lease proposal for the Cybertruck could be a hurdle for potential buyers with budget constraints but could appeal to those eyeing exclusivity and performance. Nevertheless, rivals like Ford and Rivian are offering competitive leasing rates that make the decision-making process a more complicated one for avid electric truck customers.
In conclusion, Tesla’s Cybertruck is shaping up to be a force to be reckoned with in the electric truck market. However, one cannot overlook the hefty leasing price, especially when its closest competitors are offering a more pocket-friendly choice for potential customers.