You Can Now Lease a Tesla from $329 Per Month

Tesla has introduced new, more affordable lease pricing for its Model 3 and Model Y vehicles in the United States. The revised pricing comes with a 36-month term and offers significant reductions across various configurations of both models.

Check out the new lease rates below:

Model 3

• Rear-Wheel Drive (RWD): Reduced to $329 per month from its earlier rate of $419 per month.
• Long Range (LR): Now priced at $439 per month, down from $509 per month.
• Performance (P): Lowered to $529 per month from its previous $609 per month.

Model Y

• Rear-Wheel Drive (RWD): Now available at $399 per month, down from the previous $499 per month.
• Long Range (LR): Can now be leased for $469 per month, a decrease from $549 per month.
• Performance (P): Available for $539 per month, reduced from $629 per month.

Historical Context

The new pricing structure was initially spotted by Sawyer Merritt and marks a notable drop from rates earlier this year. In January, Tesla had set the starting lease price for the Model 3 at $399 per month. The latest adjustments make these electric vehicles more accessible to potential lessees.

The reduced lease pricing is part of Tesla’s ongoing efforts to make electric vehicles more affordable and to increase adoption rates. The new rates are effective immediately and apply to leases with a 36-month term, and look to increase sales for Tesla’s current fourth quarter push.