Tesla announced substantial increases in lease prices for its Model 3 and Model Y vehicles. The new rates apply specifically to deliveries beginning in 2026.
The price hikes are significant across popular trims. The monthly payment for the Model 3 Premium RWD will rise by 67%. Separately, the Model Y Premium AWD will see a 35% increase.
This move creates urgency for consumers to lease before the higher rates take effect after December 26. Tesla employs this tactic to accelerate sales and bolster delivery numbers in the final weeks of the fourth quarter of 2025.
The pricing strategy also introduces a new $3,000 down payment requirement. This changes the previous zero-down offers available on most trims. This follows a period of aggressive incentives, including 0% APR financing, aimed at supporting Q4 performance.