Since then, the three additional models to roll off the assembly line have all become available with leasing options as well — the Model Y being the most recent to launch its leasing program in July of 2019. The smaller Model 3's starting price is about half of what you'd pay for a base Model S ($39,990 vs. $79,990), but its 250-mile range isn't as generous as the range you get with the Model S, which is … Tesla Lease vs. Buy: What’s The Better Deal For You? If you choose to finance through Tesla, you're looking at $699 per month for 72 months with $4,500 down. Another factor to consider is maintenance. Here are some further thoughts to consider. The exterior look matters of course, but it’s what’s inside — and whether it fits your situation — that should be the true deciding factor. However, you have to be sure to secure a good interest rate. You can lease the Model Y for $499 per month, which may be enticing to many. In addition, you may be able to find different financing rates elsewhere. Worse yet, customers will have to wait util 2022 for any single-motor RWD trucks. Fear not prospective leasee, below is a comprehensive guide outlining what a new Tesla lease entails and what options to consider before you put the pedal to the floor. If you buy however, you can upgrade whenever you want! Tesla Model 3 Versus the Competition Tesla Model 3 vs. Tesla Model S. The Tesla Model S is an excellent vehicle in our luxury hybrid and electric car rankings. There's one other important piece of information here. What have you got to lose? Tesla is a transportation and energy company. While the down payments are pretty much the same for either option, the money down on a Tesla lease may be less expensive than other EV manufacturers. Electrek has already taken the time to put together a meticulous EV lease guide, so a lot of the financial research has already been compiled for you. The automaker currently offers four solid options in its fleet — two sedans and two SUVs. For the sake of comparison, each model’s pricing pertains to a 36 month lease at 10,000 miles a year. That comes out to $643/mo including the down payment and acquisition fee, or $0.77 per mile. Tesla Vs. NIO: EV Giant Showdown. How much room do you need inside the vehicle? For example, in order to lease a 2020 Tesla Model X Long Range Plus, it will cost $1,019/ month for 36 months at 10,000 miles per year, with only $9,214 down (including acquisition fee). 2021 holds plenty of surprises, as Tesla has just introduced a new Standard Range model for the Model Y. Still, some people simply can't afford a monthly car payment of some ~$700 per month. Also, when you are configuring your Tesla Model 3 lease deal keep an eye out for the Similar cars section, where you can discover leasing deals for cars you might not have considered. Time will tell, but trust that Electrek will be there to keep you informed when the news does break. The decision to lease or buy a car is a difficult one that depends on your financial situation, business, and lifestyle needs. The Model X is Tesla’s largest and most expensive standard EV to date, but boasts a huge interior and plenty of useful upgrades… if you can afford them. Furthermore, Tesla (while growing tremendously) is still trying to keep up with customer demand, leaving less EVs available than the number of people looking to drive one. Please send any tips or suggestions, or dog photos to him at scooter@9to5mac.com, Review: The Mach-E, Ford's most important Mustang, How the US plans to capture the EV battery market, Elon's $100 million carbon capture XPRIZE, You’re reading Electrek— experts who break news about, Electric Vehicle Price Guide – best prices for dealers in the US, Tesla lease guide: Everything you need to know about leasing a Tesla, Subscribe to Electrek on YouTube for exclusive videos. sport wheels for an extra $1500. Tesla actually offers a financing calculator on its website to help guide you toward whether a Tesla lease or cash payments work best for you. Categories Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California.Tesla's current products include electric cars, battery energy storage from home to grid scale, solar panels and solar roof tiles, as well as other related products and services. Even if you’re dead set on a Tesla lease after reading this guide, it doesn’t hurt to shop around and compare prices with other EV leases. Aside from being Tesla’s newest EV, the Model Y is also the second most affordable option based on standard starting price. We currently have over 20,000 Superchargers worldwide, with six new locations opening every week. That's at 2.9% APR. To truly determine whether a Tesla is the right EV for you is not a simple yes or no question. Still not sure? Can I Lease the Tesla Model 3? Add the fact that each model is updated by over-the-air software, you should rarely have to bring your Tesla in for anything. What remains uncertain, and a bit of a head scratcher for the Tesla community, is the fact the announcement email was sent out to all Tesla leasees, including those making payments on a Model 3 or Model Y. Come standard and what options would you like that may cost an additional?. 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