The Car and Truck Fleet and Leasing Management Magazine

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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