Lease Transfer on Model 3 Tesla

Year, Make, Model, and Trim: 2020 LR Tesla Model 3
Location: IL

MSRP: 53522
Monthly payment (pre-tax):709.14
Effective monthly payment (if incentive is provided):

Current mileage: 12942
Maturity mileage: 30000
Effective miles per month:
Maturity date: 09-12-23

MSD due (if any):
Cash due (if any):
Incentive for new lessee (if any):

Financial institution: Tesla
Transfer fee:
Out-of-state transfer allowed (yes/no): Yes

$150 credit app fee and $500 transfer fee.

Vehicle condition (accidents, tire wear, etc.), options, and other details:

Hello, I am helping a friend get rid of his Tesla M3 LR/AWD, 19 inch wheels, Black with white interior.
Great condition. I will get pics soon, but just wanted to see if the current payment would even be worth trying to get out of?


UPDATE: Tesla said they will take the car back early no penalty.
Sorry I don’t know how do delete this.

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You call it a Performance in one place and then an LR in another. Which is it?

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The model year might help as well, unless I missed it somewhere. I’m guess it is a LR and not a performance with 19" wheels?! Also, out of state transfers I believe are allowed. Tesla has a $150 credit app fee and $500 transfer fee. It would be good to update original post.

Don’t think a perf ever was that cheap MSRP wise

Thanks, edited the post. Sorry not familiar with Tesla.
I’ll get pics soon.

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Sorry it’s a LR

No worries and to answer your original question, you’ll never know til you try. Post pics and post in Tesla forums like TMC too

Thanks will do. He’s supposed to get me pics tonight.

It’s not a bad deal if someone needs a car right now. Just sucks that it can’t be bought out by anyone… good luck!


You are stuck in it unless Tesla lets you do an early lease term.

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Yup he called Tesla and they told him he can olnly transfer to someone else.
This is the 1st time I have heard of a lease that doesn’t have a buyout…

It’s a Tesla thing - Model 3 and Model Y only. They want them back