Drivers who fancy a Tesla Model 3 have the option of leasing one instead of buying one. With more people becoming interested in driving premium electric cars with as little cost as possible, the Model 3 is the most affordable of the company's models on the market. But, with Tesla still being a fairly new manufacturer, it might take years until its vehicles depreciate to prices that most can afford. Leasing a Tesla Model 3, whether used or brand new, can be a more feasible way for people to drive them.
Tesla offers several ways to lease on its website. Firstly, car owners can design their Model 3 of choice, choosing the color and other settings for a personalized experience. Owners can also consider leasing a new or used Tesla that's available in one of many certified Tesla dealers around the country by going to the company's 'Inventory' page. This is an option to consider for car owners that want to acquire a Tesla sooner, compared to designing their own. Customers can always decide to look for a Tesla Model 3 for lease from a third party owner or dealer, of course, but as owners try to get a great deal on a self-driving car, they may have fewer, if any, options available to them compared to leasing directly with Tesla.
The company, fortunately, has flexible leasing options, so that drivers can decide on the car they want, in addition to the terms of the lease itself. Drivers can decide on an annual mileage limit of 10, 12, or 15,000 miles. While other Tesla models have a 24-month lease option, the Model 3 only has one for 36 months. There are other fees to take into account by leasing with Tesla, such as the down payment needed for ordering and shipping the car, the first-month payment, and any additional costs. Tesla explains its leasing policies in addition to providing an interactive leasing calculator on its website to further explain costs and terms to potential customers.
Monthly Payment Options For Tesla Model 3
For a Standard Range 2020 Model 3 that comes with all the basic options and a 10,000-mile limit, leasees would pay $371 per month. $5,566 is also required at lease signing. The total cost would be close to $19,000 for a three-year deal. For the Long Range option, leasees need to pay $472 per month with $5,667 due at signing. The driver would be paying close to $23,000 over the duration of the lease. Lastly, the Long Range Performance option costs $620 per month. Drivers would put down $5,815 at the start and would be paying more than $28,000 over the course of three years. With each of these plans, car owners would pay nearly half the money compared to if they bought the car outright with cash.
Of course, Tesla leasees also have options that they can pursue during their contracts in case they want to extend the lease or purchase the car to keep. Leasing the car can act as a lengthy trial period to help drivers make a decision about whether or not they want to pay the rest of it off. And, in the case of a Tesla Model 3, this can give drivers an entry point into the electric car experience without breaking the bank or waiting to be the last in town to own one.
Source: Tesla