Cybertruck $699/Month Lease Deal Explained: Is It Worth Locking In?
With the popular Cybertruck promotions winding down, there's still one standout offer catching everyone's eye: a $699 monthly lease payment on the dual-motor Cybertruck. But is this a steal, or should you think twice? I've had tons of questions about this deal, so let's break it down step by step—from the fine print to whether leases on Teslas are even a smart move. Spoiler: there's a buyout option that changes everything.
The Key Details of the $699 Lease
This deal is for the dual-motor Cybertruck (long-range rear-wheel drive variant), locking in a purchase price of $59,990. Here's what you need to know:
- Monthly Payment: $699
- Delivery Date: As far out as April 2027 (fingers crossed it doesn't slip further)
- Down Payment: $5,000 required upfront
- Due at Signing (California example): Around $8,000 total, including taxes and fees
- Taxes Note: Sales tax applies to both the down payment and monthly payments, which bumps up the effective cost slightly
You're essentially locking in today's pricing amid uncertain future interest rates and economic shifts—smart if prices rise.
The Buyout Hack: Not Just Renting
Leases often feel like throwing money away, but Tesla's structure here is different. At the end of the 3-year lease, you can buy out the Cybertruck for $41,000. Subtract the fees, and it's a viable path to ownership:
- Acquisition Fee: $695 (upfront)
- Disposition Fee: $395 (end of lease, waived if you lease another Tesla)
Crunch the numbers: Your total payments over 36 months (plus down) could position you well for that $41K buyout. It's not a raw deal if you plan to keep it long-term.
Is This Actually a Good Deal?
Short answer: It's the lowest payment we've seen, matching past lows for the AWD Cybertruck around $699. But context matters:
- We've seen similar pricing before (e.g., October deals)
- The premium AWD version jumps to about $849/month (+$150), but it's available much sooner with more features like better range and performance
If you need a truck now, that $150 upgrade might be worth it. Waiting until 2027? This locks in value. Ultimately, it depends on your timeline and needs.
What do you think? Jumping on the $699 deal, upgrading to AWD, or skipping leases altogether? Drop your thoughts in the comments below!
Pro Tip: Keep Your Cybertruck Interior Spotless
Wherever you go with your Tesla, protection is key. My go-to for all-weather floor mats is 3W—perfect fit, lifetime warranty, and rugged enough for Cybertruck adventures. Use promo code DENNIS35 for 35% off. Check them out here.
Stay charged, DennisCW
