High gas prices have given many drivers extra motivation to consider an EV, and it’s hard to argue with the numbers. If you’re looking to lease a new EV, we covered Tesla’s appealing lease deals for the Model Y crossover earlier this week, but there’s another Tesla that’s even more affordable. That’s the Model 3 sedan, which is an even better performer than its crossover sibling. It’s also one of the very best lease deals, regardless of vehicle segment or powertrain.
This Month’s Tesla Model 3 Lease Deals
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The Tesla Model 3’s lease price is a lot lower than the Model Y’s. This month, you can get one for $299 per month over 36 months, with $3,994 due at delivery. It includes 10,000 miles annually, but a cost of $0.25 per mile applies if you exceed this limit. Tax, title, licensing, and registration costs are excluded. Here’s a look at all four Tesla Model 3 leasing offers running right now.
| RWD | Premium RWD | Premium AWD | Performance AWD | |
| Lease cost per month | $299 | $349 | $449 | $599 |
| Due at signing | $3,994 | $4,044 | $4,145 | $4,295 |
| Lease term | 36 months | 36 months | 36 months | 36 months |
Whereas some Model Y crossovers are pricier to lease this month, the Model 3 is just as affordable as it was in May. The $299/month lease for the base model is a brilliant deal, easily undercutting the base Model Y ($459/month). Going for the sedan generally unlocks better performance and range on a trim-for-trim basis, given the lighter and sleeker body.
These lease deals are available in most states, but we suggest using your zip code to confirm the offers available in your area.
What’s The Best Model 3 Trim?
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You can make a strong case for any Model 3. The base variant is terrific value, while the top Performance model will easily outsprint a BMW M3, yet still has over 300 miles of range. If you don’t need AWD, we recommend going for the Premium RWD variant.
Its $349/month lease is still a lot less than a Model Y, but it’s quick (0-60 in 4.9 seconds) and has the best range in the lineup (363 miles). Being the Premium trim, it has more features and nicer finishes than the base model, too. Tesla’s Full Self-Driving (Supervised) suite has the ability to dramatically transform your daily commute, as we found out a few days ago. This suite now costs $99 per month, but many Tesla drivers consider it a must.
Final Thoughts
The Model 3 in its current form is likely the most sensible Tesla you can buy. For roughly what it would cost you to lease a Camry, you can have a futuristic-feeling EV with vastly superior performance and that has the capability of virtually driving itself. Yes, not everyone will warm to the Tesla’s unconventional interior and controls, but those with a love for the latest tech will love it. It’s no surprise that it’s one of America’s favorite EVs, despite the arrival of a new wave of competitors.
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Disclaimer: This article is provided for informational purposes only. The information presented herein is based on manufacturer-provided lease offer information, which is subject to frequent change and may vary based on location, creditworthiness, and other factors. We are not a party to any lease agreements and assume no liability for the terms, conditions, availability, or accuracy of any lease offers mentioned. All terms, including but not limited to pricing, mileage allowances, and residual values, require direct verification with an authorized local OEM dealership. This article does not constitute financial advice or an endorsement of any particular lease or vehicle.
About the author
Karl Furlong
Senior Editor, Autoblog