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Are you thinking about leasing a Tesla Model 3? If so, now is the perfect time to make a move, as Tesla has recently slashed lease prices for both the Model 3 and the Cybertruck, making them more accessible to consumers than ever before.
On Friday, Tesla announced significant cuts to its lease prices in the U.S. for the Model 3, which is one of the most popular electric vehicles today. The new lease prices are as follows:
| Model | New Lease Price | Previous Lease Price | Down Payment | Lease Term | Mileage |
|---|---|---|---|---|---|
| Model 3 Long Range RWD | $249/month | $299/month | $2,999 | 36 months | 10,000 miles |
| Model 3 Long Range AWD | $349/month | $399/month | $2,999 | 36 months | 10,000 miles |
| Model 3 Performance | $599/month | $599/month | $2,999 | 36 months | 10,000 miles |
| Cybertruck AWD | $749/month | $899/month | $7,500 | 36 months | 10,000 miles |
All Model 3 leases require a down payment of $2,999, while the Cybertruck lease requires $7,500 down, with both having a term of 36 months and a mileage limit of 10,000 miles. These leases are also eligible for the $7,500 federal tax credit, which can significantly reduce the overall cost of leasing an electric vehicle.
Leasing has become an increasingly popular option for electric vehicle drivers, with nearly half of all new EVs being leased, according to recent reports. This shift comes as consumers are drawn to more affordable monthly payments, tax incentives, and lower upfront costs that leasing provides.
In addition to the reduced lease prices, Tesla is running a promotion for the Cybertruck in North America that offers a free XPEL wrap to buyers of the Foundation Series Cybertruck. This offer is valid for orders placed on or after February 1, 2025, and aims to enhance the vehicle's aesthetics and protection.
Furthermore, Tesla continues to entice potential lessees with attractive lease conditions. For instance, just months after introducing leasing options for the Cybertruck, prices were cut again, with a notable reduction of 25% on lease monthly payments since November.
This strategic price drop and promotional approach suggest that Tesla is actively working to stimulate demand for its electric vehicles, particularly the Cybertruck, as the company faces competitive pressure in the rapidly evolving EV market. By making leasing more attractive, Tesla aims to retain customers and gain new ones who are interested in the benefits of electric mobility.
In conclusion, if you're considering leasing a Tesla Model 3 or Cybertruck, the recent price cuts and federal incentives make now an opportune time to explore these options. Tesla's commitment to affordability and customer satisfaction through leasing positions the company as a leading choice in the electric vehicle sector.
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