What is the cost to lease a Tesla Model 3?

How much does it cost to lease a Tesla Model 3 2021?

To begin, leasing prices for a 2021 Tesla Model 3 Standard Range Plus are $409 monthly for 36 months, at 10,000 miles per year, with $5,604 down (including acquisition fee) offering a total cost of $19,919. That comes out to roughly $553/month including the down payment and acquisition fee, and $0.66 per mile.

Is Tesla Model 3 lease a good deal?

Tesla is leasing the base Model 3 for just $389 per month for 36 months with $4,500 down. The Model Y Long Range is leasing for $569 per month with the same terms.

Leasing a Tesla Model 3 or Model Y could be a $17,000 to $18,000 mistake.

Category Buying Advice
Body Style Sedan SUV/Crossover

Is Tesla lease a good deal?

That’s a hefty car payment for most people. Tesla is leasing the Model Y for $489 per month with the same $4,500 down.

It’s a question we could ask about any car, but let’s take a look at Tesla’s lease offers.

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Category Buying Advice
Body Style SUV/Crossover

Can you lease a Tesla for 2 years?

You can lease a Tesla over the terms of 24 to 36 months. Please note that leasing is available to qualifying customers. You can purchase a Tesla by securing a loan with a Tesla financier or a third-party lender over the terms of 36 to 72 months.

Can you lease a Tesla then buy it?

With all of that said, it is now confirmed that some Tesla Model 3 and Model Y lessees may not be forced to return the vehicle once the lease ends. Instead, they can opt to purchase it.

Can you negotiate a Tesla lease?

Tesla offers no discounts or negotiations. The price you see is the price you pay.

Is Tesla expensive to insure?

The average annual cost to insure a Tesla Model 3 — $2,215 — is nearly 40% higher than the average national cost of car insurance, according to NerdWallet’s analysis. Tesla says its own insurance can save drivers 20% to 30%, but policies are currently available only in Arizona, California, Illinois, Ohio and Texas.

How much does insurance on a Tesla cost?

The average cost of car insurance for a Tesla is $4,548 per year, based on our research. However, the price of your policy depends on the model and trim you choose, your location and driving history, and the amount of coverage you choose.

Why is Tesla lease so expensive?

Tesla’s money factor means more than its residual values

According to Lease Hacker, the money factor – or interest rate – that Tesla factors into its leases is equivalent to a 5.79% APR (0.0024125), which is extremely high for a lease structure.

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Do Tesla Model 3 hold their value?

A new car depreciates or loses value almost immediately after you drive it off a dealer’s lot. … In fact, data indicate that the Tesla Model 3 can retain its resale value over 5 times better than all other electric cars and about 4 times better than all cars in general.

What credit score do you need to lease a Tesla?

There is no stated minimum required Tesla financing credit score to apply for a Tesla auto loan, but borrowers with the best credit scores (720+) generally qualify for lower-APR financing.

Leasing a Tesla.

Tesla leasing
Tesla lease terms 36-month term for Model 3 and Y 24- and 36-month terms for Model S and X

How much does a Tesla Model 3 cost per month?

This is where it gets even more interesting. To cover the $718 monthly payment for a Tesla Model 3, you need to use the car to make that money back.

Do you pay more to lease a car?

Lease payments are almost always lower than loan payments because you’re paying only for the vehicle’s depreciation during the lease term, plus interest charges (called rent charges), taxes, and fees. You can sell or trade in your vehicle at any time.

Can you lease a Tesla with 0 down?

Tesla launches new ‘financial leasing’ product to buy cars with 0% down payment. Tesla has launched a new financial product called “financial leasing” that enables customers to buy its cars with no down payment.

What is the cheapest Tesla?

As the cheapest Tesla available, the Model 3 has a lot to offer, including strong range and sleek styling. The rear-drive Standard Range Plus model starts at $47,690, including a $1,200 destination fee; this entry price has risen steeply in recent weeks after another bump took it to $45,190.

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