All of Tesla’s passenger EVs are eligible for the new lease buyout option.
After a two-year hiatus, Tesla's lease buyout option is back. All of the automaker's EVs are eligible for the option. Owners in two states are not eligible. Tesla is once again offering its customers the option to purchase their electric cars when the lease term ends. The AI and robotics company previously allowed lease buyouts for the Model S and Model X but that option was retired in 2022. Now, it’s back.
Owners need to access the “Financing” tab, then go to “Lease Details,” “Manage Lease” and select “Purchase Vehicle.” After confirming the intent to buy the car, Tesla will prepare a purchase packet with a good through date that matches the estimate, as per the automaker’s website. A vehicle inspection will be made if it’s needed, according to the local requirements.
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