Tesla Lease CalculatorTesla Lease Calculator (PCH)

Work out a Tesla lease payment the way the lessor does: depreciation plus rent charge plus tax. Then see what you pay at signing, what extra miles will cost, how leasing compares with financing over the same months, and roughly what it costs to get out early.

See what a Tesla on Personal Contract Hire really costs: the initial rental, admin fee, maintenance and any excess-mileage bill added up and spread over the contract. Paste in a quote or estimate a fair rental, then compare leasing with buying on HP and check what handing it back early would cost.

Vehicle & priceCar & rental
Sets MSRP and selling price. Edit both below. Sets the list price used for the rental estimate and the buy comparison.
Monthly rental
The rental on your quote, without any maintenance package.
Residual is set from MSRP; the payment is built on the selling price (gross cap cost).
Lease termsContract
Term
Miles allowed per year
Initial rental (months paid upfront)
The admin (processing) fee is usually taken with the initial rental.
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Sales tax
State base rate shown — add your local rate. A few states tax leases upfront; ask the dealer which method applies to you.
Your driving & lease endYour driving & contract end
End charges = damage beyond fair wear and tear, collection. Early termination is quoted as a share of the rentals still to pay — 50% is common; check your contract.
If you bought instead
Pay for it with
Same down payment, trade and fees. Resale uses a typical depreciation curve for the model family. Buying pays the list price; resale uses a typical UK depreciation curve. Owners pay road tax (VED), which lease rentals normally include.
Monthly paymentTrue monthly cost
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Due at signingDue upfront
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incl. first month
Total lease cost
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Cost per mile
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Excess-mileage bill
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Monthly paymentYour rentals

Due at signingDue upfront

Where the lease money goes

Lease vs buy: cumulative cost

Buying is shown net of the car's estimated value minus loan balance

Early termination estimate

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Rough guide only. Lessors set their own early-termination formula — usually the payoff balance minus the car's wholesale value, plus fees, sometimes capped at the remaining payments. Ask for an official payoff quote before deciding.

Rough guide only. Personal Contract Hire has no legal right to hand the car back early (unlike HP and PCP), so the charge is whatever your contract says — commonly around half of the rentals still to pay. Ask the leasing company for a settlement quote before deciding.

How this is calculated

  • Number of rentals = initial rental multiple + (term − 1). A "6+35" deal on 36 months is 41 rentals: six up front, then 35 monthly.
  • Total cost of the lease = rental × number of rentals + maintenance package (charged with every rental) + admin fee + excess mileage + end-of-contract charges. True monthly cost = that total ÷ the term in months, which is the fair way to compare deals with different initial rentals.
  • Excess mileage = (miles you expect − allowance) × years × the pence-per-mile charge. Unused miles aren't refunded.
  • Estimated rental: the leasing company needs your rentals to cover the price it pays (list less any discount) minus what it expects to sell the car for, plus finance. We solve for the rental with your rate, paying the initial rental on day one and the rest monthly. The default residual comes from a typical UK depreciation curve for the model, adjusted about 0.4% of list per 1,000 miles a year above or below 10,000.
  • Lease vs buy buys the same car at list price, with cash or Hire Purchase, adds VED of £195 a year from year 2 (plus the £425 Expensive Car Supplement in years 2–6 if the list price is over £50,000), and subtracts the value you'd hold (car value − HP balance) at the end of the lease term. Lease rentals normally include road tax.
  • Early hand-back = your termination % × the rentals still to pay. The total shown adds everything paid up to that point.
What does "6+35" or "9+47" mean?
The first number is the initial rental as a multiple of the monthly rental; the second is the number of monthly rentals that follow. A bigger initial rental lowers the monthly figure but not the total much — compare deals on the true monthly cost, not the advertised rental.
Are PCH prices quoted with VAT?
Personal lease quotes should include 20% VAT. Business contract hire is usually shown excluding VAT, so check which one you're looking at before comparing.
Who pays for road tax, servicing and tyres?
Road tax (VED) is normally included in the rental for the length of the contract. Servicing, tyres and the MOT (due at three years on longer contracts) are yours to pay unless you add a maintenance package. You also arrange and pay for insurance. From April 2028 the government plans a pay-per-mile charge for electric cars (about 3p a mile) — check how your contract treats it.
What happens at the end?
You hand the car back. It's inspected against the BVRLA fair wear and tear standard, and you pay for damage beyond that plus any excess miles. There's normally no option to buy the car — if you want to own it at the end, look at PCP or HP in the car finance tool.

Estimates only, not a quote or an offer of finance. Rentals, residuals, fees and termination terms vary by funder and month — verify current terms.

  • Adjusted cap cost = selling price (+ acquisition fee if rolled in) − down payment − trade-in equity.
  • Residual value = MSRP × residual %. It's what the lessor expects the car to be worth at lease end.
  • Depreciation per month = (adjusted cap cost − residual) ÷ term. Rent charge = (adjusted cap cost + residual) × money factor. Money factor × 2,400 ≈ the equivalent APR.
  • Tax: in monthly-tax states the rate applies to each payment and to your cash down payment. Upfront states tax either the total of payments or the full selling price at signing.
  • Lease vs buy finances the same price plus sales tax with the same down payment and trade, then subtracts your equity (estimated value − remaining loan balance) at the end of the lease term. Value comes from a typical depreciation curve for the model family, adjusted ≈ $0.12 per mile above or below 12,000 mi/yr.
  • Early exit: option A pays every remaining payment; option B pays the estimated payoff balance minus the car's estimated value (±8%), plus the turn-in fee. We show the cheaper of the two as a range.
What is a good money factor?
Multiply by 2,400 to compare with a loan APR — 0.00250 is about 6% APR. Promotional lease rates are sometimes far lower. Dealers and lessors can mark the money factor up, so ask for the "buy rate" and compare it with a loan quote.
Can I buy the car at the end of a Tesla lease?
It depends on the contract. Some Tesla leases have not included a purchase option at lease end, so the "equity" a buyer builds isn't available to a lessee. Read the purchase-option section of your agreement before counting on it.
Is it cheaper to buy more miles upfront?
Usually. Extra allowance bought at signing tends to cost less per mile than the overage charge at turn-in, and unused prepaid miles are sometimes refunded. Compare the 12k and 15k options here — the residual changes, and so does the payment.
Why does a big down payment not save much?
A down payment only cuts depreciation and a little rent charge. If the car is totaled or stolen early, gap coverage pays the lessor, not you — so money put down can be lost. Many people keep the down payment small for that reason.

Estimates only, not an offer of credit. Residuals, money factors, fees and tax rules vary by lessor, state and month — verify current terms.