Tesla vehicles have become known as the epitome of class and style, but many don’t consider the financial aspect when leasing one. If you are interested in how much it costs to lease a Tesla in 2023, then this article is for you!
We’ll look at key factors such as the Tesla Model 3 lease price and the best Tesla lease deals so that you can make an informed decision.
How Much To Lease A Tesla?
EVs have come a long way in the last decade. Though they still make up a small fraction of vehicles on the road, their popularity is growing as consumers become more aware of their benefits. One of the most popular EVs on the market is the Tesla Model 3.
This Tesla vehicle has a base price of $35,000 and an estimated range of 220 miles. But what about the cost of leasing a Tesla Model 3? How much does it cost to lease this EV?
To answer this question, we need to consider a few factors. First, there is the cost of the vehicle itself. Then there are the monthly lease payments. And finally, the additional costs are associated with charging and maintaining an electric vehicle.
Let’s take a closer look at each of these factors to understand better the true cost of leasing a Tesla Model 3. The cost of the vehicle itself is the most important factor to consider when leasing an EV.
The base price for a Tesla Model 3 is $48,490. However, this doesn’t include any federal or state tax incentives that may be available. Incentives can significantly lower the upfront cost of an EV, so it’s important to research what’s available in your state before making any decisions.
The monthly lease payments will also affect the cost of leasing a Tesla Model 3. These payments will vary depending on factors like the length of the lease and mileage allowance.
Generally speaking, the longer the lease and the higher the mileage allowance, the higher the monthly payments will be. It’s important to understand these details when considering leasing an EV.
Finally, additional costs are associated with charging and maintaining an electric vehicle. While EVs may be more energy efficient than their traditional counterparts, they still require a financial investment in electricity costs and regular maintenance.
These costs should be taken into consideration before deciding to lease an EV. All of these factors can have a significant impact on the overall cost of leasing a Tesla Model 3 in 2023.
Type Of Model
There are several different types of models that you can lease from Tesla. The most popular option is the Model S, a full-size sedan. You can also lease the Model X, which is a larger SUV. Lastly, you can lease the Model 3, a smaller sedan.
The type of model that you choose will affect the price of your lease. The Model S is the most expensive option, while the Model 3 is the least expensive option. However, all of these prices are relative to the overall cost of leasing a Tesla.
Tesla Model 3 Lease Prices
Here we look at the lease prices for Tesla models in 2023 and what factors could impact your monthly payments.
The Tesla Model 3 is the company’s most affordable car, with a starting price of just $48,490. When leasing the Model 3, you can expect to pay around $500 per month with a down payment of around $4,500. The lease length will depend on your agreement’s terms, but most leases are for 36 months.
Tesla Model S Lease Prices
The Tesla Model S is the company’s flagship car and starts at $109,490. When leasing the Model S, you can expect to pay around $1,500 per month with a down payment of around $7,500. The lease length will again depend on the terms of your agreement, but most leases are for 36 months.
Best Tesla Leasing Deals In 2023
Regarding electric vehicles, Tesla is one of the most popular brands on the market. If you’re considering leasing a Tesla, you may wonder how much it will cost.
Tesla offers some of the best lease deals among all EV manufacturers. Here are some of the best deals on Tesla leases for 2023:-
- Model S:- $699 per month for 36 months with $4,500 due at signing
- Model X:- $749 per month for 36 months with $4,500 due at signing
- Model 3:- $369 per month for 36 months with $3,000 due at signing
These are just a few of Tesla’s great deals on leases in 2023. So if you’re considering leasing a Tesla, now is a great time to do it!
Factors That Influence Tesla Lease Prices
There are a few key factors that will influence the price of leasing a Tesla in 2023.
- Firstly, the type of Tesla model you select will play a role in pricing. The Tesla Model S is the company’s flagship sedan and is generally the most expensive to lease, while the newer Model 3 is more affordable.
- Secondly, where you live can also impact lease rates; states with higher taxes and cost of living expenses will often have slightly higher monthly payments.
- Finally, how many miles you plan to drive each year can also affect your costs; if you exceed your allotted mileage, you may be charged additional fees at the end of your lease agreement.
However, by doing your research and understanding what goes into calculating monthly payments, you can get a better sense of what kind of budget you’ll need to lease your dream car.
Down Payment And Credit Score
It’s no secret that Tesla vehicles are some of the most expensive on the market. But many people don’t realize that leasing a Tesla can be quite affordable – even if you don’t have perfect credit.
Here’s a breakdown of how much it would cost to lease a Tesla in 2023:-
- Model 3 :- $3,700 down payment + $575/month for 36 months
- Model S :- $5,500 down payment + $775/month for 36 months
- Model X :- $7,000 down payment + $950/month for 36 months
Now, let’s talk about credit score requirements. Tesla does not have an official minimum credit score requirement for leasing, but most lenders will require a score of at least 650. If your credit score is below 650, you may still be able to lease a Tesla by using a cosigner with good credit.
So there you have it – the cost of leasing a Tesla in 2023. Remember that these prices may change, so it’s always best to check with your local Tesla dealer for the latest pricing information.
Taxes and fees can vary greatly depending on the state where you lease your Tesla. Some states, like California, have very high taxes and fees, while others, like Colorado, have much lower taxes and fees.
To get an accurate estimate of the taxes and fees associated with leasing a Tesla in your state, it is best to contact your local DMV or visit their website.
Tesla Lease Program
Regarding electric cars, Tesla is one of the most popular and well-known brands. If you’re considering leasing a Tesla, you might wonder how much it will cost. Tesla offers a variety of lease programs, so the cost of leasing a Tesla will vary depending on which program you choose.
- The most common lease program is the Standard Range Plus Lease, which starts at $547 per month for 36 months. This lease includes an annual mileage limit of 10,000 miles.
- Tesla also offers an Extended Range Plus Lease if you’re looking for a longer lease. This lease starts at $649 per month for 48 months and includes an annual mileage limit of 12,500 miles.
- Finally, Tesla offers a Special Edition Model S Lease if you want the lowest monthly payments possible. This lease starts at $749 per month for 60 months and includes an annual mileage limit of 15,000 miles.
No matter your lease program, all leases include free Supercharging and 24/7 roadside assistance. So if you’re considering leasing a Tesla, now is a great time to do it!
Tips For Negotiating A Tesla Lease
If you’re considering leasing a Tesla, keep a few things in mind. Here are a few tips to help you get the best deal on your Tesla lease:-
- Electric cars have lower fuel and maintenance costs than traditional gas cars. This can save you money in the long run.
- Tesla leases come with great perks like free Supercharging and access to the Tesla mobile app.
- When negotiating a Tesla lease, it’s important to research and know what you’re talking about.
- Know the car’s market value you’re interested in leasing. This will give you a good starting point for negotiation.
- Be aware of any special offers or incentives that may be available. These can often be used to lower your monthly payment or upgrade your car.
- Don’t be afraid to haggle! The worst thing that can happen is the dealer says no – but you might be surprised at how much they’re willing to budge on price if you’re assertive.
- Have a clear idea of what terms you’re looking for in a lease agreement before beginning negotiations. This will help you stay focused and avoid being taken advantage of by the dealer.
- Keep in mind that leasing is not the same as buying a car outright – there are benefits and drawbacks to both options that should be considered before making a decision. Weigh all factors carefully before signing on.
Should I Lease Or Buy A Tesla?
Whether to lease or buy a Tesla is ultimately up to you. Consider your budget and goals before deciding which option is right for you. If you decide to lease a Tesla, there are a few things to remember:-
- Ensure you’re aware of the mileage limit on your lease. You’ll be charged an overage fee if you go over this limit.
- When ordering your Tesla, be aware that delivery may take several weeks or months. Leasing gives you the flexibility to upgrade to a new Tesla as soon as it’s available without waiting to deliver your current car.
- Remember that you’ll need to return your Tesla to the dealership at the end of your lease term.
There are a few things to consider when deciding whether or not to lease a Tesla. One is your budget. It may be a good option if you can afford the up-front cost of leasing. Another thing to consider is how much driving you do.
If you drive a lot, consider leasing, so you don’t have to worry about mileage overage charges. Finally, think about how long you want to keep your Tesla. If you’re only interested in having the latest and greatest Model for a few years, then leasing may be the best option.
Leasing a Tesla in 2023 can be an exciting and economical way to get the car of your dreams. By understanding all the costs associated with leasing, such as taxes, insurance, maintenance fees, down payments, and more, you will have a better idea of what it costs to lease a Tesla.
With that information in hand, you’ll be able to confidently decide which ModelModel is right for you while staying within your budget.
Frequently Asked Questions
What if I have a Tesla lease mileage overage?
If you have a Tesla lease mileage overage, you will likely be subject to additional fees.
When I order a Tesla, how long will it take to get it?
When ordering a Tesla, it can take up to 6-10 weeks for it to be delivered, depending on availability. Whether to lease or buy a Tesla will depend on the individual’s circumstances and needs.
What Is a Tesla Supercharger?
A Tesla Supercharger is a high-powered charging station for Tesla vehicles that allows for rapid charging in as little as 30 minutes.
Should I Charge My Electric Car Every Night?
No, you should not charge your electric car every night.