IF YOU'RE ABOUT TO LEASE A TESLA BE AWARE OF THESE HIDDEN CLAUSES!

EV Channels Review

This episode of the Out of Spec Podcast delves into the complexities of leasing a Tesla, using Colton's experience with a Model 3 Long Range as a case study. While the lease served as a crucial gateway into the EV world and even a career in automotive content creation, it highlights significant drawbacks. The primary issue is Tesla's rigid lease terms, particularly the inability to buy out the lease at the end and the substantial penalties for early termination. Colton found himself in a situation where, after hitting 30,000 miles with two months left on his 36-month lease, it was financially illogical to drive the car further due to per-mile overage charges. More surprisingly, the cost to terminate the lease early was disproportionately high, exceeding the remaining payments. Despite these challenges, Colton emphasizes that the lease was instrumental in his EV journey and career, but advises listeners to be acutely aware of Tesla's specific, often inflexible, lease clauses, contrasting them with more flexible options from other manufacturers.