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Tesla says eligible customers can purchase a leased vehicle at the end of its lease. The option has been available since November 27, 2024, so it is not a new 2026 change. For eligible U.S. Tesla Lease Trust customers, the process starts with a personalized estimate in the Tesla app; your contract, lessor and location determine whether you can use it and what you will pay.
Who can buy a leased Tesla?
Tesla’s U.S. lease-end guidance says vehicles leased through Tesla Lease Trust may be eligible for purchase. Check your signed lease agreement for a purchase option: it governs your contract. Tesla identifies Iowa and Louisiana as ineligible on its U.S. lease-end page. Local rules and contract terms can also affect availability, so do not assume this U.S. process applies in Canada or elsewhere.
If your lease is through a third-party lessor, that company sets the available options. Contact it directly rather than relying on Tesla Lease Trust’s process. Tesla says a Tesla Lease Trust customer whose agreement does not list a purchase option can contact Tesla at lease end to ask what may be available.
How to request a Tesla Lease Trust buyout estimate
- In the Tesla app, open Financing → Lease Details → Manage Lease → Purchase Vehicle. If the option is missing, check your agreement; Tesla says an included purchase option should appear in the app.
- Request an estimate. Tesla asks for your vehicle registration address and title-assignment information.
- Review the estimate, including its good-through date. If you want to proceed, confirm the purchase in the app; Tesla prepares a purchase packet.
- Have every person named on the lease sign the packet. Complete a vehicle inspection if local rules require one.
- Pay the full estimate by the stated date, using the packet’s payment instructions. Tesla reviews the documents and payment, then mails the ownership-transfer documents when the purchase is complete.
App labels and steps can change; follow the current in-app instructions and Tesla’s lease-end guidance.
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What does the buyout cost?
There is no universal Tesla buyout amount. Your estimate is specific to your lease and must be paid in full by its good-through date. Do not assume the figure equals your remaining monthly payments, the original residual value or the car’s current market value unless your contract or estimate says so.
Tesla’s current U.S. guidance lists a purchase fee of up to $350, plus applicable local taxes and fees. The fee is a stated maximum, not a complete estimate of what you will owe. Confirm the charges in your own estimate and contract.
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Compare buying with your other lease-end options
Compare the actual amounts and terms for your account; no single path is automatically cheapest. These options are not interchangeable:
| Option | What to check |
|---|---|
| Purchase at lease end | Your personalized estimate, purchase fee, taxes and other fees; whether you want to keep this specific car; and the payment deadline. |
| Return the vehicle | Any mileage or end-of-lease charges. Tesla’s U.S. leasing guidance lists excess mileage at $0.25 per mile over the contracted annual allowance. Eligible Tesla Lease Trust customers may be able to buy additional mileage in the app, subject to restrictions. |
| Extend the lease | Tesla says an eligible account that is current on payments can apply within three months of maturity for a one-time extension of up to six months. Check the terms offered to you; an extension is not a buyout. |
| End the lease early | This uses a separate quote and calculation, not the lease-end purchase estimate. Tesla Lease Trust says that with fewer than three months remaining, the charge is the remaining lease balance plus end-of-term charges. With three or more months remaining, it is the difference between the adjusted lease balance and current vehicle market value. Quotes can change and charges vary. |
| Trade in or sell through a dealer | Tesla’s early-termination guidance says third-party dealerships may purchase Tesla Lease Trust vehicles and directs customers to contact Tesla. Tesla separately advises checking third-party lender restrictions before a trade-in. Confirm with the lessor before relying on a dealer transaction. |
For an apples-to-apples comparison, use your own quote and include the purchase fee, taxes and fees, potential return charges, deadlines and payment requirements. A break-even calculation also needs reliable vehicle-value and financing figures; do not infer one from the buyout estimate alone. Tesla’s lease-end options, leasing guidance, early-termination rules and trade-in guidance describe the relevant routes, but your agreement and account quote control your specific terms.
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What to do if the app does not show “Purchase Vehicle”
- For a Tesla Lease Trust lease, check whether your signed agreement includes a purchase option. If it does, Tesla says the option should appear in the app; contact Tesla if it does not.
- If your agreement has no listed purchase option, contact Tesla at lease end to ask about available options.
- For a third-party lease, contact the lessor for its purchase rules, amount and required steps.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
