Electric Vehicles

Tesla Starts Leasing Unit for Fleet Buyers

April 08, 2014

Photo courtesy of Tesla Motors.
Photo courtesy of Tesla Motors.

Tesla Motors will begin offering a fleet leasing program to small- and medium-sized businesses through its newly started Tesla Finance unit, the automaker has announced.

Under the leasing program, customers can configure their Model S battery-electric vehicle on Tesla's website. The Model S carries a starting retail price of $71,000.

Tesla's lease agreement is less than three pages, and can be signed electronically. Customers can view a digital version, and even tap a button on their Model S 17-inch touchscreen to complete delivery.

The new lease program also includes Tesla's resale value guarantee, which establishes a value for the vehicle at the start of the lease term. Customers will also be offered financing options by Tesla banking partners.

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