Tesla Model 3 Lease: The Right Choice in 2024?

In 2024, Tesla has made some exciting changes to their lease program, making it more accessible than ever before.

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Affordable Monthly Payments

One of the most appealing aspects of leasing a Tesla Model 3 is the lower monthly payments compared to financing.

Tesla recently reduced the lease price for the Model 3 to just $299 per month, down from the previous $329. This price drop makes the Model 3 more competitive in the EV leasing market.

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Flexibility and Upgrades

Leasing a Tesla Model 3 offers the flexibility to upgrade to newer models every few years. With the rapidly advancing EV technology, this can be a significant advantage for tech-savvy drivers who always want the latest features2.

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Lease Terms and Considerations

When considering a Tesla Model 3 lease, keep these key points in mind:

• Mileage limits: Stay within the agreed-upon mileage to avoid extra charges.
• Down payment: Tesla typically requires a $3,000 down payment, plus additional fees1.
• Lease duration: Most Tesla leases are for 36 months, but 24-month options may be available.
• No purchase option: Tesla doesn't offer the option to buy the car at the end of the lease term1.

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Financing vs. Leasing

While leasing offers lower monthly payments, financing provides long-term ownership benefits. Tesla occasionally offers attractive financing rates, such as the 1.99% APR offer ending August 31, 20243.

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Supercharging Incentives

Leasing a Tesla Model 3 may come with supercharging incentives, which can be a significant perk for frequent travelers3.

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Conclusion

A Tesla Model 3 lease can be an excellent option for those who want to experience the cutting-edge technology and performance of this popular EV without the long-term commitment of ownership.

With competitive monthly rates and the ability to upgrade regularly, leasing a Model 3 is worth considering for many EV enthusiasts in 2024.