Tesla Model Y Business Lease: Tax Benefits & Cost Savings (2024 Guide)

Tesla Model Y for Business Use

Smart businesses are switching to Tesla Model Y leases to save thousands through tax deductions, lower operating costs, and EV incentives. Discover how a business lease could cut your company's vehicle expenses by 30-50% compared to traditional fleet options.

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Why Businesses Choose Tesla Model Y Leases

2024 Business Tax Benefits at a Glance

Benefit Potential Savings
Section 179 Deduction Up to $28,900
Bonus Depreciation Up to 100% of remaining value
State EV Credits $1,000-$5,000 (varies by state)
Fuel Savings $1,200+/year per vehicle

Current Model Y Business Lease Offers

Model Business Monthly Personal Monthly Savings
Model Y RWD $379* $429 $50/month
Model Y Long Range $449* $499 $50/month
Model Y Performance $549* $599 $50/month

*Business lease pricing with 10,000 miles/year, 36-month term

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How Business Leasing Works

  1. Choose business lease terms (typically 24-48 months)
  2. Deduct lease payments as business expenses
  3. Claim additional tax benefits (Section 179, depreciation)
  4. Include charging in your office/facility costs
  5. Upgrade regularly to newest models with latest tech
Pro Tip: Businesses can typically deduct 100% of lease payments plus charging costs when the vehicle is used >50% for business purposes.

Model Y vs. Traditional Business Vehicles

Factor Tesla Model Y Gas SUV Equivalent
Monthly Lease Payment $449 $549
Fuel/Month (12,000 mi) $45 (electric) $200 (gas)
Maintenance (3 years) $900 $3,600
Tax Benefits Up to $28,900 Up to $19,500
Tesla Model Y Business Fleet
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Frequently Asked Questions

Q: Can I lease multiple Model Y vehicles for my business?
A: Yes, Tesla offers fleet leasing programs for businesses needing 5+ vehicles.

Q: What business expenses can I deduct?
A: Lease payments, charging costs, insurance, maintenance, and depreciation.

Q: Is home charging tax deductible?
A: Yes, if you install a charger at your business location or employee homes (consult your accountant).

Is a Model Y Business Lease Right For You?

The Tesla Model Y business lease makes financial sense if:

Real-World Example: Dental Practice Savings

A Chicago dental practice leased 3 Model Y vehicles: