Tesla’s Cybertruck has been outselling rivals like the Rivian R1T and Ford F-150 Lightning in recent months and now there are even more ways to get your hexagon truck on with lease deals announced Friday.
First spotted by @SawyerMerritt on X, every trim of the Cybertruck is available to lease for either 24 or 36 months with 10,000 to 15,000 annual miles. Leasing won’t be cheap. Even excluding Tesla’s slick gas savings that the brand likes to throw in to make its cars prices look cheaper than they are, it’s still expensive.
You can play with the numbers on Tesla’s site, but using @SawyerMerritt’s example of either zero down or the EV tax credit of $7,500 as a down payment, leasees won’t be able to get into a Cybertruck for less than $1,000 a month; that’s for a 36 month lease on a base Cybertruck with 10,000 annual miles. The most expensive lease looks to be a 24 month term on a Cyberbeast. With no money down, you’re looking at $1,715 a month.
How’s this compare to the Cybertruck’s competitors? A couple have Tesla beat. Keep in mind, lease offers usually differ by area but are often similar. In my area for instance, Ford is offering a lease on a 2024 F-150 Lightning XLT for $509 a month for 36 months. That’s with $7,569 due at signing. Or you can go $550 a month for 36 months on a Lightning XLT standard range with just $550 due at signing. And remember, Ford is now throwing in a complementary home charger with installation.
Rivian has Tesla beat with R1T leases as well, but only if you stick with the standard and performance batteries. And Rivian only offers leasing in certain areas. The cheapest R1T I could find was $619 a month for 36 months with 30,000 annual miles. The downside is the high down payment of $8,694.
The one outlier is GM. Both the Chevy Silverado EV and GMC Sierra EV each have leases that cost nearly the same as the Cybertruck; Silverado EV leases in my area weren’t cheaper than $794 a month on the RST. Sierra EV leases are sitting at a grand a month.
If you have deep enough pockets and don’t wanna go through the hassle of actual Cybertruck ownership—dealing with resale values and what not when that lease is up—this might just be a better option.
