Tesla Company Car Lease Solutions for Your Business

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p.article.infoBox.posted Feb 14, 2025

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A row of Tesla charging stations illuminated at night in Redlands, CA.
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Tesla offers a variety of leasing options for businesses, including a 24-month lease for the Model 3, which starts at $499 per month.

With Tesla's leasing program, businesses can take advantage of the latest electric vehicle technology, including Autopilot and Supercharger access. This can be a game-changer for companies that want to reduce their carbon footprint and save on fuel costs.

One of the benefits of leasing a Tesla for your business is that you can drive a new car every few years, which can be a great way to stay up-to-date with the latest technology. And with Tesla's program, you can even upgrade to a new car with a simple trade-in.

Company Car Lease Benefits

Leasing a company car instead of buying can provide several financial benefits for your business. Choosing a corporate car leasing company requires lower upfront costs than the large down payments needed for purchasing vehicles, allowing you to preserve your capital for other expenses and investments.

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Lease payments can often be deducted as business expenses, reducing taxable income. This can be a significant advantage for businesses looking to minimize their tax liability.

Another benefit of a corporate vehicle lease is it shifts the financial risk of vehicle depreciation from your company to the leasing company. This means you won't have to worry about the car losing value over time.

Here are some key benefits of leasing a company car:

  • Lower upfront costs
  • Lease payments can be deducted as business expenses
  • Shifts the financial risk of vehicle depreciation to the leasing company

With a corporate car lease, you'll also have more straightforward and reliable expense budgeting, as the predictable monthly payments often include maintenance costs. This can help you better plan and manage your company's finances.

Tesla Fleet Options

You can finance your Tesla fleet through Tesla itself, or explore third-party financiers like Spring Free EV. This flexibility is a big plus for businesses with varying needs.

Tesla Business Financing is a straightforward option where you submit a credit application and confirm the financing amount, monthly payment, and terms. Spring Free EV's eligibility check is based on your business's overall health, not just your credit line.

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If you prefer a third-party financier, Spring Free EV offers competitive interest rates and more flexible term lengths, including as short as one year. This can be a great option for businesses that need maximum flexibility.

Here are the three financing options for Tesla fleets:

  • Tesla Business Financing: Finance directly through Tesla with a credit application and preferred terms.
  • Third-Party Financiers: Companies like Spring Free EV offer competitive interest rates and flexible term lengths.
  • Customized Solutions: Request tailored financing solutions to meet your business's unique needs.

Customized financing solutions can be tailored to your business's budget, goals, and fleet needs. Be clear about your requirements to get the best financing terms for your Tesla fleet.

EV Fleet Models

Spring Free EV offers a range of EV fleet models that make it easy to acquire Tesla vehicles for your commercial fleet.

One of the key benefits of Spring Free EV is their ability to simplify the process of acquiring electric vehicles. They offer a comprehensive financing solution that covers the vehicle, charging infrastructure, and maintenance, streamlining the entire procurement process.

Spring Free EV's fleet financing options provide fixed monthly payments that cover the cost of the vehicle, a number of miles built in, and any necessary maintenance. This makes it easier for fleet managers to budget for and predict expenses.

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Spring Free EV's financing model offers the flexibility for you to scale your fleet up or down as your needs change. This is especially useful for companies that need to adapt to changing market conditions or fleet sizes.

Here are some of the key EV fleet models offered by Spring Free EV:

  • Simplicity and Convenience: Spring Free EV streamlines the procurement process
  • Access to Top-Rated New Vehicles: Spring Free EV offers some of the best Tesla vehicles on the market
  • Predictable Expenses: Spring Free EV's fleet loans offer fixed monthly payments
  • Scalability: Spring Free EV's financing model adapts to changing fleet needs
  • Sustainable Fleets: Spring Free EV promotes electric vehicle adoption and reduces carbon emissions

By choosing Spring Free EV, you can take advantage of low down payments, tax incentives, and long-term financial savings. This makes it possible to acquire a fleet of Tesla EVs without breaking the bank.

Model Y SUV

The Tesla Model Y SUV is a fully-electric vehicle that's available to lease. It offers seating for either five or seven passengers, making it a versatile option for families or groups.

One of its standout features is its impressive range of up to 373 miles between charges, giving you peace of mind on long trips.

Lease Process and Management

Leasing a Tesla company car is a straightforward process with Spring Free EV. You can customize your insurance options to meet your business's specific needs, including comprehensive coverage for damage, theft, and liability.

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Spring Free EV's fleet financing options are designed to simplify the process of acquiring electric vehicles for your commercial fleet. By offering a comprehensive financing solution that covers the vehicle, charging infrastructure, and maintenance, Spring Free EV streamlines the entire procurement process.

Here are some benefits of leasing a Tesla company car with Spring Free EV:

  • Low down payments are available, eliminating high upfront costs
  • Tax incentives exist for companies that electrify their fleets, making Tesla more affordable
  • Fleet loans offer fixed monthly payments that cover the cost of the vehicle, a number of miles built in, and any necessary maintenance

Choose Spring Free EV for Fleet Program Management

Choosing Spring Free EV for your fleet program management is a smart decision for several reasons.

Spring Free EV simplifies the process of acquiring electric vehicles for your commercial fleet by offering a comprehensive financing solution that covers the vehicle, charging infrastructure, and maintenance. This streamlines the entire procurement process.

With Spring Free EV, you can access top-rated new Tesla vehicles, giving you a competitive edge in the market. Consumers are increasingly looking for eco-conscious transportation companies, and offering sustainable, stylish vehicles will help you stand out.

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Spring Free EV's fleet loans offer fixed monthly payments that cover the cost of the vehicle, a number of miles built in, and any necessary maintenance. This makes it easier to budget for and predict expenses.

Here are the key benefits of choosing Spring Free EV for your fleet program management:

  • Simplicity and Convenience
  • Access to Top-Rated New Vehicles
  • Predictable Expenses
  • Scalability
  • Sustainable Fleets

These benefits will help you make informed decisions and achieve your business goals.

How to Initiate

To initiate a corporate car lease, simply visit the online reservation system and choose from the available premium Tesla models. The system includes the Model 3, Model X, Model Y, and Model S.

Fill out the booking form with your requirements and business information, and you'll receive verification links via email and text to confirm your details. You can also finalize your corporate car lease through this process.

You can pick up your selected vehicles or have them delivered directly to your preferred location, whichever is more convenient for you.

Cost and Pricing

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Spring Free EV's Tesla fleet program allows business owners to acquire Tesla vehicles with little to no upfront cost, thanks to zero to low down payments.

Lease terms are built for high-mileage usage, with a number of miles built into the monthly pricing system and no mileage caps to boot, making it a great option for dispatching Teslas all over town without worrying about costly fees.

The cost of a new Tesla to lease can vary, with the Tesla Model 3 Standard Plus available for £350 per month and the Long Range model available for £450 per month.

Financing & More

Financing your Tesla fleet can be a breeze. With Spring Free EV, you can acquire Tesla vehicles with little to no upfront cost.

Traditional fleet purchases involve significant upfront costs, but Spring Free EV offers rental car companies zero to low down payments. This makes it easier for businesses to get started with their fleet.

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Spring Free EV's lease terms are built for high-mileage usage, with a number of miles built into the monthly pricing system—and no mileage caps to boot. This means fleet managers can dispatch Teslas all over town without worrying about costly fees.

Tesla's electric vehicles are renowned for their lower operating costs due to their functionality, energy efficiency, and reduced maintenance needs. Even more, the long-range capabilities of Tesla vehicles, coupled with the extensive Supercharger network, ensure that commercial fleets can cover substantial distances with minimal downtime at charging stations.

You have three financing options to consider: Tesla Business Financing, Third-Party Financiers, and Customized Solutions. Each option has its pros and cons, so it's essential to weigh your business needs carefully.

Here are the key details of each financing option:

OptionDescriptionEligibility
Tesla Business FinancingFinance vehicles directly through TeslaSubmit a credit application and confirm financing terms
Third-Party FinanciersWork with third-party financiers like Spring Free EVEligibility determined by overall business health check, not credit line
Customized SolutionsAsk for customized financing solutionsBe clear about business budget, goals, and fleet needs

It's worth noting that Tesla financing terms last between 36 and 84 months, so be sure to carefully consider your business's needs and negotiate the length of your terms accordingly.

How Much Does a New Car Cost?

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The cost of a new car can vary greatly depending on the make and model. A Tesla Model 3 can be leased for as low as £350 per month for the Standard Plus model.

Leasing a car can be a more affordable option than buying outright, especially for company car drivers. The £350 rentals of a Standard Plus Tesla Model 3 hit the leasing market in 2019.

If you're looking for a car with a longer range, the Long Range Tesla Model 3 can be leased for £450 per month. This makes electric cars a more realistic option for many people.

Insurance and Liability

At Tesla, we understand the importance of protecting your business with comprehensive insurance coverage. Comprehensive coverage can be included in your lease agreement, protecting company-leased vehicles against damage, theft, and liability.

Our insurance options for corporate car leasing are customizable to meet your business's specific needs, giving you peace of mind on the road.

Legislation and Compliance

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Tesla company car lease programs are subject to the same tax laws and regulations as any other company car lease in the US.

The IRS requires companies to report company car usage on Form 2106, Employee Business Expenses, and Form W-2, Wage and Tax Statement.

Leased company cars are considered taxable income to employees, and companies must provide a Form 1099-B, Proceeds from Broker and Barter Exchange Transactions, to the IRS.

Companies must also comply with the Fair Credit Reporting Act (FCRA) and the Equal Credit Opportunity Act (ECOA) when leasing company cars.

Tesla offers a company car lease program with a minimum lease term of 24 months and a maximum lease term of 48 months.

The lease agreement must be in writing and include the terms and conditions of the lease, including the lease term, monthly payment, and mileage limit.

General Information

You can tailor the cost of a Tesla subscription to suit your budget with the Autonomy website's dial feature. This allows you to choose a monthly charge that fits your needs.

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The upfront payment for a Model 3 RWD subscription is $5,900, which unlocks a monthly charge of $490. This means you'll have a set monthly payment, unlike leasing, where costs can increase based on your credit score.

Signing up for a Tesla subscription requires just a driver's license, a smartphone, and a digital payment method. No hard credit inquiry, loan, or background check is needed.

You can complete the entire process from your phone, with no paperwork required. This makes it a quick and easy way to get behind the wheel of a Tesla.

Lease Specifics

Our leasing models offer affordable access to the latest EV models on the market, making it easier for those in fleet management to transition to electric vehicles.

The Tesla Model 3 Saloon sets the benchmark for electric saloons with a range of up to 390 miles between charges, perfect for long commutes.

A company-leased Tesla comes with a full-service lease agreement that covers all maintenance and repair needs, ensuring prompt attention to potential vehicle issues.

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The Tesla Model 3 is one of the most efficient EVs in the UK, with a fully-charged battery lasting around 235 miles in winter and 325 miles in summer.

Leasing a Tesla can save you hundreds of pounds per month compared to a petrol or diesel equivalent, with running-costs savings also a major benefit.

Model 3 Saloon

The Tesla Model 3 Saloon is a top choice for those looking for a reliable and efficient electric vehicle. It's been revised and restyled in 2023, making it a great option for anyone in the market for a new car.

The Model 3 Saloon has a range of up to 390 miles between charges, making it perfect for long road trips or daily commutes.

Vehicle Repairs or Maintenance

When you're leasing a company vehicle, it's natural to worry about repairs and maintenance costs. Our full-service lease agreements cover all maintenance and repair needs.

You can arrange services around your schedule to minimize downtime, ensuring your business runs smoothly. This is especially important if you have a busy schedule or rely heavily on your vehicle.

Our network of service centers and mobile technicians is extensive, guaranteeing prompt attention to any potential vehicle issues. This means you can focus on your business without worrying about vehicle maintenance.

If your leased vehicle does need repairs or maintenance, don't worry – our agreement has got you covered.

Why?

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Leasing a Tesla can be a smart choice for business lease customers, as it can help save money on their Benefit in Kind (BIK) tax bill.

Tesla's electric vehicles are incredibly powerful, with the Model S capable of accelerating from 0-60mph in just 1.9 seconds.

The Model X is one of the world's fastest accelerating SUVs, making it a thrilling option for those who want speed and space, as it can accommodate up to 7 people.

Tesla's over-the-air updates allow for seamless software upgrades, which is a major advantage for lease holders who want to stay up-to-date without the hassle of dealer visits.

The Model Y is a compact SUV option that's more affordable than the Model X, yet still offers plenty of thrills, making it a great choice for those on a budget.

Available in Other Cities?

If you're interested in Tesla's corporate leasing options, you'll be happy to know that they're available in many major cities across the United States.

Front View of Tesla Model S in Urban Setting
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You can find Tesla corporate leasing fleets in cities like New York City, Los Angeles, Boston, Las Vegas, Atlanta, Miami, and Seattle.

Some of the cities where Tesla corporate leasing is available include major metropolitan areas like New York City and Los Angeles.

Leasing is also available in smaller cities like Boston and Atlanta, making it a convenient option for businesses of all sizes.

You can check availability in your area, as Tesla's corporate leasing fleets are constantly expanding to new cities.

Right for Me

A Tesla lease can be a great option for you if you're looking to save hundreds of pounds per month on company car or salary sacrifice costs.

The Tesla Model 3 is one of the most efficient EVs in the UK, making it a top choice for high-mileage drivers. It can last for around 235 miles in winter and 325 miles in summer on a fully-charged battery.

Rapid charging at a 200 kW DC charge point can get your battery from 10-80% in just 30 minutes, which is a huge time-saver.

Is a Car Like a Leash?

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Leasing a car is similar to having a pet on a leash - you're essentially borrowing it with some strings attached. The lease term is like the length of the leash, determining how long you can keep the car.

You'll need to return the car at the end of the lease, just like you'd take off your dog's leash when it's time to go home. This means you'll need to be prepared to hand over the keys and make any necessary repairs.

Lease payments are like the treats you give your dog - they're a regular expense, but they're also what keeps the car in your life. The more you drive, the more you'll pay, just like how your dog gets more treats when it behaves.

The lease agreement is like the leash itself - it sets the rules and boundaries for your relationship with the car. It outlines the terms of the lease, including the length of the lease, the mileage limit, and the amount of wear and tear you're allowed.

Just as you need to check the leash regularly to make sure it's not too tight or too loose, you'll need to review your lease agreement regularly to make sure you're meeting the terms. This will help you avoid any surprises when it's time to return the car.

George Murphy

George Murphy

p.team.ranks.Senior Assigning Editor

George Murphy serves as a seasoned Assigning Editor, overseeing a wide range of financial articles. His expertise lies in high-frequency trading strategies, where he provides in-depth analysis and insights to his readers. Under his guidance, the publication has garnered recognition for its authoritative and forward-looking coverage in the financial sector.

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