LEASE OUR VEHICLES

Terms & Condition governing the lease of our Tesla vehicles

Lease Agreement

Tesla Vehicle Lease Terms and Conditions

These Terms and Conditions (“Agreement”) govern the lease of Tesla vehicles between the Lessor (referred to as “we,” “our,” or “us”) and the Lessee (referred to as “you” or “your”). By signing the lease agreement, you agree to the terms outlined below.

Lease Agreement

This Agreement constitutes a vehicle lease, not a sale or financing agreement. You agree to lease the specified Tesla vehicle for a fixed term and monthly fee as outlined in your Lease Summary.

Lease Term

The standard lease term is [insert duration, e.g., 12 months], beginning on the date the vehicle is delivered or picked up. Early termination fees may apply if the lease is ended before the agreed term.

Lease Payment

You agree to pay:

  • A non-refundable security deposit of [insert amount] prior to vehicle delivery.

  • A monthly lease payment of [insert amount], due on or before the 1st of each month.

  • Any applicable taxes, insurance, or service fees not included in the monthly lease.

Vehicle Use and Restrictions

You must:

  • Only use the vehicle for lawful, personal, or business use.

  • Not use the vehicle for ridesharing, racing, towing, or off-road driving unless authorized.

  • Keep the vehicle within [insert mileage limit] miles per month. Excess mileage will be charged at [insert rate] per mile.

Maintenance and Repairs

  • Routine maintenance (tire checks, charging, etc.) is your responsibility.

  • All repairs must be carried out at authorized Tesla service centers unless otherwise approved.

  • You must notify us immediately in the event of any damage, theft, or mechanical issues.

Insurance

You are required to maintain full insurance coverage for the leased vehicle throughout the lease term, including:

  • Collision and comprehensive coverage

  • Liability coverage as required by your state

  • Proof of insurance must be provided before vehicle handover

Vehicle Return

At the end of the lease term, you must return the vehicle in good condition, excluding normal wear and tear. Additional fees will apply for:

  • Excess mileage

  • Damages beyond normal use

  • Missing equipment (chargers, key cards, etc.)

Early Termination

If you terminate the lease before the end of the agreed term:

  • A termination fee of [insert amount or %] will apply.

  • All unpaid lease amounts and applicable charges will become due immediately.

Liability

You are fully responsible for the vehicle during the lease term, including:

  • Fines, tolls, and penalties incurred

  • Any third-party damage or injury resulting from use of the vehicle

Ownership

The leased Tesla vehicle remains the sole property of the Lessor at all times. You have no right to sell, transfer, or pledge it as collateral.

Default and Repossession

Failure to meet payment obligations or violation of lease terms may result in:

  • Termination of the lease

  • Vehicle repossession without notice

  • Legal action and recovery of associated costs

Governing Law

This Agreement is governed by the laws of [Insert your state or country]. Any disputes shall be settled in the courts of that jurisdiction.

Entire Agreement

This document constitutes the entire lease agreement. No oral statements or prior written materials shall have any legal effect unless expressly included.

Signed:
Tesla Globals