Tesla Launches Leasing Program for Model 3

Tesla Launches Leasing Program for Model 3

The base price of the Plus has also been increased from $37,500 to $39,500, but it now comes with the semi-autonomous Autopilot electronic driving aid, which was a $3,000 option.

This Standard Range Plus Model 3 is now the least expensive version available to order online and it now costs $40,700.

Tesla is also offering a Model 3 lease for the first time, though with a big caveat. It also sports the Standard Range Plus' battery, rated at 240 miles, but 10% of that is software-locked.

From 11 April, the Model 3 leasing program launched in the USA, too, allowing customers to lease a Model 3 through monthly payments in addition to an initial down payment. USA customers can choose from 10,000, 12,000 and 15,000 mile annual usage options, depending on their budgets and driving. However if you plan to lease a Tesla take note that you will NOT have the option to purchase your vehicle at the end of the lease.

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Tesla Inc. (TSLA.O) announced a series of changes to its vehicle lineup and pricing, including making it tougher to buy its newly available entry-level US$35,000 auto.

According to Tesla the demand for the Standard Plus blew them away, selling at six times the rate of Standard.

This means that the car's hardware is exactly the same Standard Plus, but it's missing features like "onboard music streaming service, navigation with live traffic visualization, and heated seats". Customers after the limited standard model will have to call or go into tone of their brick and mortar Tesla stores as the model has now been removed from the online store.

"Given the popularity of the Standard Plus relative to the Standard, we have made the decision to simplify our production operations to better optimize cost, minimize complexity and streamline operations", Tesla says.

The Standard Range vehicle, which will now cost more than the originally promised $35,000 base price ($36,200 with destination), will now only be available by special order.

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