Summary
- Tesla reduced lease price for Model Y to match Model 3 Long Range RWD
- Base Model Y costs $2,500 more than base Model 3 when paying in cash
- Leasing a Model Y costs $50 less per month with a $2,999 down payment
- Model Y lease includes a 36-month contract with 10,000 mileage per year
- Model Y does not offer buy-out option at the end of lease, but provides additional space and hatchback compared to Model 3
Article
Tesla Lowers Lease Price of Most Affordable Model Y
In a surprising move, Tesla has lowered the lease price of the base Model Y Rear-Wheel Drive to match that of the Model 3 Long Range Rear-Wheel Drive, despite the Model Y being $2,500 more expensive to purchase outright. This change makes the Model Y more accessible to potential customers looking to lease a Tesla vehicle. With this new incentive, Tesla is making it more affordable for individuals to choose the Model Y over the Model 3.
Tesla’s End-of-Year Incentive Spree
Tesla seems to be offering various incentives to customers as the end of the year approaches, with the focus being on the popular Model Y crossover. In addition to discounts on Superchargers and Full Self-Driving features, Tesla has now reduced the lease price of the base Model Y, making it an attractive option for those considering a Tesla vehicle. This move shows Tesla’s commitment to providing value to its customers and attracting new buyers to its electric vehicle lineup.
A Look at Tesla’s Lease Pricing
The new lease deal for the Model Y Rear-Wheel Drive includes a 36-month contract with a $2,999 down payment and an annual mileage limit of 10,000 miles. By lowering the monthly lease price by $50, Tesla is effectively subsidizing $1,800 over the course of the lease for individuals opting for the Model Y over the Model 3. This pricing strategy not only makes the Model Y more affordable but also positions it as a competitive option in Tesla’s lineup of electric vehicles.
Comparison Between Model Y and Model 3
While the Model Y and Model 3 are priced similarly for leasing, there are key differences between the two vehicles that consumers should consider. The Model Y offers a slightly larger size and a hatchback design compared to the Model 3. However, the Model 3 received an update recently, giving it a fresher look. Additionally, the Model 3 boasts a longer range and quicker acceleration than the Model Y. These factors may influence buyers’ decisions when choosing between the two models.
Model 3 vs. Model Y Lease Prices
Currently, the Model Y offers a more cost-effective lease option compared to its Model 3 counterpart. With only one version of the Model 3 costing more to lease than its Model Y equivalent, Tesla is making the Model Y an attractive choice for consumers seeking a Tesla vehicle. The pricing strategy of Tesla’s leasing options reflects the company’s efforts to make electric vehicles more accessible to a wider range of customers.
Conclusion
The recent reduction in the lease price of the base Model Y Rear-Wheel Drive by Tesla highlights the company’s commitment to providing value to customers and incentivizing the purchase of electric vehicles. By aligning the lease price of the Model Y with that of the Model 3, Tesla is making it easier for consumers to choose the Model Y over the sedan option. With competitive lease pricing and various incentives, Tesla is solidifying its position as a leader in the electric vehicle market and attracting new buyers to its lineup of innovative and sustainable vehicles.
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