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Tesla Opens Model 3 Leasing Options

2019-04-22 10:12 Monday

Are you in the market for a Tesla Model 3 but cannot accept the fact that it's an electric car? Now you have a better option. Tesla extended its leasing options to the Model 3 with a small down payment and competitive monthly payments. All Model 3 versions are available for leasing, with options of 10,000, 12,000 or 15,000 miles a year.

Tesla  Model 3 Leasing

However, there is still a little bit special in Tesla's leasing agreement. Tesla said all leased Model 3s will have to be returned to the company at the end of the leasing period. Company officials say they aim to use those cars in its planned autonomous ride-hailing vehicle network, which indicates Tesla's high confidence in the development of its Full Self-Driving program.

Tesla also said it is adding its Autopilot driver-assistant technology as a standard feature to all of its vehicles. The move will raise the base price of Tesla's cars, but those vehicles will cost slightly less than when Autopilot was an add-on feature. Tesla cited an example of how the Model 3 Standard Plus car will now cost $39,500 with Autopilot built in; it previously cost $37,500, with Autopilot available for an extra $3,000.

The news of Tesla's Model 3 leasing program comes on the heels of several other major changes for the electric car maker, most of which affect the company's Model 3 options directly. The company has removed its Model 3 Standard car from its online ordering system after recently introducing the $35,000 vehicle. Tesla said it was taking this step because its Model 3 Standard Plus, with a longer battery range, has surpassed the company's expectation by selling "more than six times the rate of Standard." However, customers can still obtain the Model 3 Standard Range either over the phone or at one of its stores.

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