The Worst EV Lease Deals: When Rapid Depreciation Hurts Buyers

### The Struggle is Real: Tesla Model X and Model S Lease Deals
As the automotive industry continues to navigate the challenges of the electric vehicle (EV) market, lease deals have become a crucial aspect of making these cars more accessible to buyers. However, when it comes to Tesla, the company’s rapid depreciation on some of its models has led to some of the worst lease deals in the industry.

One of the main culprits behind these poor lease deals is the Tesla Model X. This full-size SUV has been a staple of Tesla’s lineup for years, but its rapid depreciation has made it a nightmare for lessees. In fact, the Model X earned a ninth-place spot on the list of the fastest depreciating new cars last year, according to data from Kelley Blue Book.

But the Model X is not the only Tesla model struggling with lease deals. The Model S, a more affordable option, is also feeling the pinch. The previous generation of the Model S ranked seventh on the list of the fastest depreciating new cars last year, making it a tough sell for lessees.

So, what’s behind these poor lease deals? The answer lies in the rapid depreciation of these models. When cars suffer from rapid depreciation, automakers know they won’t be able to sell the car for much after the lease term ends. To make up for this loss, they charge more money for the lease to cover the deficit.

This is a common practice in the automotive industry, but it’s not always fair to lessees. When buyers sign a lease, they’re often locked into a long-term agreement with a fixed monthly payment. If the car depreciates rapidly, the lessee may find themselves facing a higher monthly payment than they anticipated.

In the case of Tesla, the company’s rapid depreciation on some of its models has made it difficult for lessees to get good lease deals. However, the company is not without options. Some Tesla models, such as the Model 3, have slower depreciation rates, making them more attractive to lessees.

### The Bottom Line
When it comes to EV lease deals, it’s essential to do your research and understand the depreciation rates of the model you’re interested in. While Tesla’s Model X and Model S may offer some of the worst lease deals in the industry, there are other options available.

Ultimately, the key to finding a good lease deal is to understand the depreciation rates of the model you’re interested in and to shop around. With a little research and patience, you can find an EV lease deal that works for you.