Tesla adds a $999 monthly Cybertruck option

The electric pickup that has been sparking conversations since its unveiling is now available for lease directly from Tesla. It's been almost a year since the Cybertruck first hit the market, and the lease option should open up access to a wider range of potential buyers.

Tesla has announced lease options for the Cybertruck, starting at $999 per month for the All-Wheel Drive version and $1,148 per month for the higher-performance Cyberbeast trim. Both lease options require a down payment of $7,500. If you're looking to purchase the Cybertruck outright, prices start at $79,990 for the All-Wheel Drive and $99,990 for the Cyberbeast.

Financing options for purchases are also available, with 72-month terms and monthly payments of $1,280 and $1,609 for the All-Wheel Drive and Cyberbeast, respectively, along with a $3,999 down payment.

The availability of the Cybertruck has steadily increased in recent weeks as Tesla ramps up production. In August, Tesla dropped the reservation requirement for purchasing a Cybertruck, and new orders placed now are expected to ship in November or December. October saw the end of the Foundation Series package, which had added $20,000 to the price of both models.

Despite its unconventional design and polarizing aesthetics, the Cybertruck has become the best-selling electric pickup in the US. Cox Automotive reports that 16,692 Cybertrucks were delivered in the third quarter of this year, bringing the total for the first three quarters to 28,250. Its closest competitor, the Ford F-150 Lightning, trails behind with 22,807 deliveries through September and 24,670 through October. Interestingly, Ford recently announced a pause in F-150 Lightning production from November 16 to January 6, citing low demand.

While Tesla had previously advertised a Rear-Wheel Drive Cybertruck with a starting price of $60,990 and an expected launch in 2025, this configuration has been removed from Tesla's website. There is no official word on when or if this version will be available.

Despite being manufactured in the US and priced below the $80,000 threshold for trucks, the Cybertruck is not currently eligible for the $7,500 federal tax credit for personal purchases. This is due to changes in materials sourcing rules for 2024. However, the tax credit can still be applied to commercial Cybertruck purchases and if leased through an approved provider.

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