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If you're in the market for a Tesla electric car, leasing can be a fantastic way to get behind the wheel without breaking the bank. With a wide range of options available, you're sure to find a deal that fits your budget.
Lease terms can vary, but most Tesla lease deals last between 24 to 36 months. This allows you to drive a brand-new car without the long-term commitment of owning it outright. Some leases may also come with optional mileage limits, so be sure to review the fine print.
Tesla offers a variety of models to choose from, including the affordable Model 3. With a starting price under $40,000, it's an excellent option for those on a tighter budget. The Model 3 is also known for its impressive range, with some trims offering up to 326 miles on a single charge.
Leasing Basics
Leasing a car is a great option for those who want a new ride without the long-term commitment. With a lease, you make a monthly payment to a leasing company to drive a new car for a set number of months.
The lease period is usually between 18 to 36 months. You'll also need to make a down payment, which is a one-time payment made at the beginning of the lease.
Monthly payments are often less than what you would pay to finance a new vehicle for a similar time period. This makes leasing a more affordable option for many people.
Tesla Leasing Deals
Tesla offers a highly appealing lease deal on the Model 3 Long Range RWD, with a monthly cost of $299 (or $285/month with a referral code) and a $2,999 down payment.
The lease is for 36 months, with a mileage limit of 10,000 miles per year, and requires credit approval. The deal also includes the $7,500 federal EV tax credit, which is a significant factor in making this lease price possible.
In the UK, the Tesla Model 3 is priced between £41,000 - £60,000 (model dependent), making it a cost-effective solution for company car drivers and salary sacrifice schemes.
For the first time, UK company car drivers and salary sacrifice schemes have a cost-effective EV solution, with leading monthly rentals available. This is due in part to the manufacturer's pricing and the select finance companies' incredible residual values on the Saloon.
You can expect to pay anywhere between £400 - £600 per month for a Tesla Model 3 lease, depending on the make/model and contract profile.
Lowes Leasing Price USA
In the USA, Tesla is offering a super low monthly leasing price on the Tesla Model 3.
The monthly cost is $299, or $285 with a referral code. However, you'll need to put $2,999 down and the lease is for 36 months with a 10,000 miles/year limit.
This deal includes the $7,500 federal EV tax credit, which is crucial for making the leasing price so competitive. Without it, Tesla wouldn't be able to offer this low of a leasing price.
The lease is for a Tesla Model 3 Long Range RWD, which comes with impressive features like superb handling, top-of-class infotainment, and luxurious suspension and soundproofing. It also has 363 miles of range on a full charge, according to the EPA rating.
This leasing price is down from a previous monthly cost of $306, which is estimated to be $389 minus an estimated gas savings of $83 per month.
No Deposit
If you're looking for a Tesla lease deal with no deposit, you can tailor your lease agreement to suit your budget by altering the leasing options.
You can set the "upfront" initial payment to just one month to get a no deposit Tesla lease deal. This means you won't need to pay a deposit upfront.
e-car lease offers expert sales teams to help guide you through your EV journey, making the leasing process as simple as possible.
You can expect to pay between £400 - £600 per month for a Tesla Model 3 lease, depending on the make/model and contract profile.
Some popular price comparison websites for Tesla leasing deals include AutoLeaseCompare, CarWow, LeaseFetcher, and LeaseLoco.
If you're looking for a no deposit Tesla lease deal, you can use e-car lease's instant quote generator on their website for immediate information.
e-car lease is a broker that uses an instant tendering process to find the best value for you at the point in time, often beating special offers on the Tesla Model 3.
To find the best deals on e-car lease, you can use their search tools and synthesise your search results by the real-world range.
Over 700 Superchargers
There are now over 700 Tesla Superchargers across the UK, all of which allow Tesla drivers to enjoy rapid charging on major UK motorways and other trunk roads.
Tesla's ultra-rapid DC units operate mainly from 120- to 150kW, significantly higher than standard 50-100kW chargers at many stations.
You'll spend less time charging and more time on the road with Tesla's Supercharger network.
The fastest of these chargers, V3, can operate at a blistering 250kW maximum, which will see charging times considerably reduced.
An Excellent Car
The Tesla Model 3 is an excellent electric car to lease. It has superb handling, top-of-class infotainment, luxurious suspension and soundproofing, seating that's competitive with any other car, and 363 miles of range on a full charge (EPA rating).
You can lease a Tesla Model 3 for as low as $299 per month, or $285 with a referral code. However, you'll need to put $2,999 down and agree to a 36-month lease with 10,000 miles per year.
The Model 3 has three variants: Standard Range Plus, Long Range AWD, and Model 3 Performance. The Standard Range Plus has a 278-mile WLTP range, while the Long Range AWD offers a 360-mile range. The Model 3 Performance variant has a 352-mile range.
Leasing a Tesla Model 3 can be a great option, especially with the $7,500 federal EV tax credit rolled into the deal. This can make the monthly cost even more appealing.
Here's a quick comparison of the monthly costs:
Keep in mind that these costs are estimates and may vary depending on your location and other factors. It's always a good idea to check with a leasing company like LeaseLoco or e-car lease for the most up-to-date pricing information.
Tax Credits and Incentives
For now, EVs are eligible for a federal tax credit of up to $7,500, but only a few qualify due to strict conditions.
A lease is considered a commercial sale to the leasing company, making it eligible for a separate commercial vehicle tax credit with fewer restrictions.
This commercial lease credit can be a game-changer, as the leasing company can get a full $7,500 tax credit for an EV and pass some or all of those savings on to you in the form of lower lease payments.
Many manufacturers explicitly mention the tax credit in their advertised lease deals, calling it an "EV Lease Bonus" or a "Hybrid/Electric Federal Tax Credit".
However, other companies might be less clear, referring to it as a "pass-through", "capitalized cost reduction", or a "45W" credit, so keep an eye out for those terms.
The tax credit is deducted from the price of the vehicle at the time of signing, which reduces the customer's monthly cost.
If the federal tax credit on EVs is revoked, the lease credits will likely go away, but some leased EVs may still be eligible for state and local savings or rebates from electric companies.
Popular and Recommended
The Tesla Model S is the original and really put Tesla models on the map. It's the second best-selling electric car of all-time.
The Tesla Model 3 is a strong rival to the BMW 3-Series, making it a great choice for those who want a premium electric car. Its popularity is undeniable.
The Tesla Model X is a compact SUV famous for its 'Falcon-wing' doors, offering a unique and spacious experience. It's a great option for those who want a bit more space and a touch of luxury.
The Tesla Model Y is a slightly smaller counterpart to the Model X, making it a great choice for those who want a more compact electric car without sacrificing too much space.
Leasing in the UK
Leasing in the UK can be a cost-effective solution for company car drivers and salary sacrifice schemes. The Tesla Model 3, priced between £41,000 - £60,000, is the most affordable Tesla to lease and has been priced appropriately for the UK market.
The Model 3 has been introduced as a direct competitor to prestige German electric cars, making it a leading choice for those looking for a cost-effective EV solution. This is partly due to the manufacturer's pricing strategy and the residual values applied by select finance companies.
Leasing with a reputable company like LeaseLoco can provide you with the best Tesla car leasing deals, including road tax, breakdown cover, and the full manufacturer's warranty.
UK Leasing
Leasing in the UK has become increasingly popular, especially with the rise of electric vehicles like Tesla.
LeaseLoco offers the best Tesla car leasing deals in the UK, including road tax, breakdown cover, and the full manufacturer's warranty.
The Tesla Model 3 is the most affordable Tesla to lease in the UK, priced between £41,000 - £60,000, depending on the model.
This makes it a cost-effective solution for UK company car drivers and salary sacrifice schemes, who can now lease an electric vehicle without breaking the bank.
e-car lease, a trading name of CarLease (UK) Ltd, is a credit broker and not a lender, and is authorised and regulated by the Financial Conduct Authority.
UK Charging
Leasing a car in the UK can be a great way to get behind the wheel of a Tesla, with options starting from £400 per month for the Standard Plus/RWD model.
The most popular Tesla Model 3 to lease is the Long Range, which offers a dual motor option that adds around 60-70 miles more range than the standard plus equivalent.
Using a Tesla in the UK is made easy by the abundance of public charge points on motorway networks, including Tesla's own superchargers that can provide quick charging sessions.
Some Tesla superchargers can charge an EV to 80% in under 30 minutes, which is a game-changer for long road trips.
The Long-Range Model 3 can charge from 0-100% in 7 hours with its 11 kW AC maximum, or to 80% in under 30 minutes with its 210 kW DC maximum.
Leasing a Tesla in the UK is a simple process, whether you're a personal or business contract hire user.
Frequently Asked Questions
Is it cheaper to lease an electric car?
Yes, leasing an electric car is becoming a more affordable option due to rising interest rates and dealer incentives. Leasing can be a cost-effective alternative to buying a car, especially for those who want to drive an electric vehicle without the long-term financial commitment.
Sources
- https://www.consumerreports.org/cars/what-to-know-about-leasing-an-ev-or-phev-with-tax-credit-a3007689035/
- https://cleantechnica.com/2024/10/17/tesla-lowers-leasing-price-on-tesla-model-3-in-usa/
- https://www.leaseloco.com/car-leasing/tesla
- https://www.vanarama.com/car-leasing/tesla
- https://www.electriccarlease.co.uk/electric-car-leasing/tesla/model-3
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