Tesla Offers Low-Cost Leases for Used EVs Amid Inventory Buildup

Tesla is now leasing used Model 3 and Y EVs in California and Texas for as low as $0 and $225 per month, an unusual move in the used-car market. Bugatti is sold out until 2029, while Toyota's Sweep Energy Storage System is being implemented at Mazda's Hiroshima plant to act as a buffer between the factory's power supply and assembly line. Hertz is selling pre-owned vehicles on Amazon, and private equity firm KKR is reportedly the lead candidate to buy Nissan's Yokohama headquarters. Mitsubishi has recalled 91,697 Outlander and Outlander plug-in hybrid SUVs due to the rear hatch falling unexpectedly.

Tesla has entered the used car leasing market, offering certified pre-owned Model 3 and Model Y vehicles for lease in California and Texas. This move is notable as it is relatively rare in the industry, with $0 down as Tesla attempts to boost sales before the end of the quarter [1]. The federal tax credit for electric vehicles (EVs) is set to expire on September 30th, prompting automakers to accelerate sales to optimize their fiscal year-end performance. Tesla's leasing strategy includes a 24-month lease with up to 10,000 miles per year for as low as $215 per month, or a 12-month lease with up to 15,000 miles annually for $225 per month. An acquisition fee of $695 is charged during signing [1].

Meanwhile, Bugatti has sold out its new hypercars, the Bolide and Tourbillon, until 2029. The company's design director, Frank Heyl, stated that the high demand allows the brand to plan ahead and focus on future models [3]. The Tourbillon, a hybrid hypercar with three electric motors and an 8.4-liter V-16 engine, is expected to be a significant addition to the Bugatti lineup, with a price tag of around $4 million [3].

Toyota has implemented its Sweep Energy Storage System at Mazda's Hiroshima plant. The system repurposes used battery packs from EVs and hybrids to act as a buffer between the factory's power supply and assembly line. This modular system can handle various battery chemistries and capacities, making it a flexible and sustainable solution for energy storage [4].

Additionally, Hertz is selling pre-owned vehicles on Amazon, and private equity firm KKR is reportedly the lead candidate to buy Nissan's Yokohama headquarters. Mitsubishi has recalled 91,697 Outlander and Outlander plug-in hybrid SUVs due to issues with the rear hatch falling unexpectedly [1].

References:
[1] https://electrek.co/2025/08/20/tesla-offers-used-car-leases/
[2] https://www.benzinga.com/markets/tech/25/08/47254096/elon-musks-tesla-launches-0-down-leases-on-used-model-3-and-model-y-vehicles-in-us-amid-sluggish-sales
[3] https://www.motor1.com/news/769570/bugatti-sold-out-2029/
[4] https://insideevs.com/news/769651/toyota-old-ev-batteries-energy-storage-mazda-factory/