The Truth About the Tesla Cybertruck's $799 Lease

Hey everyone, DennisCW here! If you're in the market for a Tesla Cybertruck, you've probably seen the buzz around the new $799 monthly lease for the all-wheel drive model. It sounds like a steal at first glance, but as I break it down in my latest video, there's more to the story. Let's dive into the details and uncover the real deal behind this offer.

The Basics of the Lease

At face value, the $799/month lease might seem incredibly affordable, especially compared to other vehicles in its class. However, there's a catch—or should I say, a few catches. First off, you'll need to put down a $5,000 down payment upfront. That's not unusual for leases, but it's something to factor into your budget right away.

The interest rate is another key point. This lease comes in at 7.99%, which is actually better than some of the other Cybertruck leases I've seen, like those hovering around 9-11%. Still, it's higher than what you'd get with traditional financing options. For context, Tesla recently offered a 1.99% financing rate on the Cybertruck, and even their standard financing sits at around 5.49%. So, while 7.99% isn't terrible, it's not the best deal out there if you're planning to keep the vehicle long-term.

Why the Lease Might Not Be for Everyone

Leases are all about the numbers, and this one is no exception. The 7.99% rate might look okay on paper, but when you consider factors like residual values and mileage limits, it could end up costing more than expected. I wouldn't recommend this as a forever option—it's more of a short-term play if you're looking to drive the latest tech without a full commitment.

Tesla seems to be playing a strategic game here. They're constantly switching between promoting low lease payments and low interest rates, which isn't unique to the Cybertruck; I've noticed this pattern across their entire lineup. It's like they're testing the waters to see what resonates with buyers. I wouldn't be surprised if we see similar promotions on other models soon, so keep an eye out!

Stacking Deals for Maximum Savings

Here's where things get exciting. In my video, I highlighted a recent find: an $8,000 inventory discount on a Cybertruck. If you combine that with this lease offer, you could potentially unlock even more savings. For instance, there's a loophole that allows you to apply for the $7,500 federal tax credit under certain conditions. Stack it all up, and you might walk away with $15,000 to $16,000 off the total price. That's a game-changer for budget-conscious EV enthusiasts!

Final Thoughts

All in all, the $799 Cybertruck lease is an intriguing option, but it's crucial to weigh the pros and cons before signing on the dotted line. If you're all about the latest electric vehicle innovation and don't mind the lease terms, it could be worth it. But if you're eyeing long-term ownership, exploring financing might be the smarter move.

What do you think? Are you tempted by this deal, or do you see red flags? Drop your thoughts in the comments below—I'd love to hear from you. If you enjoyed this breakdown, make sure to check out my YouTube channel for more Tesla tips and reviews. Thanks for reading, and stay tuned for more updates!

Disclaimer: Always consult with a financial advisor and check the latest terms on the Tesla website, as offers can change.