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Tesla Model 3: You Can Lease One...Someday

Tesla Model 3: You Can Lease One…Someday

December 12, 2017

The Tesla Model 3 is the long-awaited, popularly priced four-door sedan from the much-hyped electric vehicle manufacturer. At an announced base price of $35,000, with 220 miles of range on a charge, zero to 60 mph in 5.6 seconds, and a top speed of 130 mph, the Tesla Model 3 has created a worldwide aura of anticipation and desire. More than 500,000 people have put down a $1,000 deposit to reserve a Model 3.

The Tesla Model 3 Production Line Is Running Slowly

Production of the Model 3 began in July of 2017, with the official launch and delivery of the first 30 cars occurring on July 28. A total of 260 Model 3 cars were produced in the third quarter of 2017, falling short of Tesla’s estimate of around 1,600. Tesla has claimed that it will be producing 20,000 Model 3s per month by the end of 2017.

What’s So Special About The Tesla Model 3?

The interior of the Tesla Model 3 is unlike that of any other vehicle. Instead of a traditional dashboard with dials and control knobs, the Model 3 has most functions built into a large central screen that attaches to the lower part of the dash, just above the center console. Two scrolling dials on the steering wheel control many of the car’s functions. A single thin slit across the dash distributes air to the cabin.

Performance is what you would expect from a Tesla, with instant, quick acceleration from a standing start. The car’s handling is very responsive, thanks to the low center of gravity resulting from the placement of the batteries in the floor. Body roll is minimal, and the ride is firm but smooth.

In terms of storage, the Tesla Model 3 has plenty, with both front and rear trunks. The front trunk, or “frunk,” as Tesla fans call it, will fit a carry-on suitcase. The rear trunk will hold a bicycle with the rear seat folded down, and also has an extra under-floor compartment.

One more unique touch: the Tesla Model 3 has no keys! You unlock the car with a phone app. For valet use, there is a key card, similar to what hotels use.

As Always, There Are Optional Extras

There are many options that can be added to upgrade your Model 3. You can get a larger battery that provides more range, faster acceleration, and a higher top speed. A premium package includes a full-size glass roof and a premium audio system. Metallic paint and larger wheels can also be added. To top it all off, add the Full Self-Driving feature, which is not yet legal, but will be ready when you can use it!

Should You Lease A Tesla Model 3?

The Tesla Model 3 is an awesome car that most people would definitely love to lease. But compared to your average car, things are a bit more complicated.

There are many issues relating to the Tesla Model 3 that are currently undefined. Production of the car is ramping up slowly, from a very low level. There is no current leasing program for the Model 3 – you can only pay cash or finance it. Elon Musk, Tesla CEO, has also stated that he will not subsidize leases for the Model 3, so the economics of leasing one may or may not make sense, whenever there is a leasing program. Add to all of this the 500,000+ reservations that are ahead of you, and the line for a Tesla Model 3 lease becomes a very, very long one!

Look at it this way: the Tesla Model 3 may not be your next leased car, but it could very possibly be the one after that!