Get The Details On The Tesla Model 3 Lease Program

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Tesla Model 3
Tesla Model 3

Tesla has rolled out some new lease options for their base Model 3 sedan. Their ad claims you can lease a Model 3 Standard Range Plus for $399/mo, which is true. Although you’ll need to come up with around $5,000 at signing and that’s on a 36mo term with just 10,000 miles per year.

Tesla Leasing terms include:

  • Three year program with 10,000, 12,000 or 15,000 annual mileage options.
  • Model S and Model X – $7,500 down payment, $695 acquisition fee and the first month’s lease payment is due when picking up your Tesla.
  • Model 3 – $4,500 down payment, $695 acquisition fee and the first month’s lease payment is due when picking up your Tesla.
  • No security deposit required.

If you’re like me and enjoy driving and do a bit of traveling, you’ll want to go for the 12 or 15 thousand mile package and that will increase the payment by about $50 per month. With nearly $7,000 due at signing and a hefty $425 mo lease payment makes you wonder why you don’t just finance the $40,000 car.

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At just fifteen, Kyle Edward co-founded a YouTube channel called The Oakland Car Review and that's where it all started. Over the years the channel grew, getting over 2.4 million views. Wanting to get more into writing content, he co-founded ThisIsDrive Magazine which ran for nearly one year before converting to a fully digital platform, ThisIsDrive.com. Now, Kyle both leads the website and creates videos for the ThisIsDrive YouTube channel. Having been published on automotive topics for over five years, Kyle is a truly passionate automotive journalist.