Tesla Model 3 Lease Guide (2025): 12 Must-Know Tips & Tricks ⚡️


Video: Leasing the Tesla Model 3 Makes Financial Sense! Lease vs Finance: Tesla Model 3(May 2025).







Thinking about leasing a Tesla Model 3 in 2025? You’re not alone. This sleek electric sedan has taken the world by storm, but leasing one comes with its own set of twists and turns—kind of like mastering Tesla’s Autopilot for the first time. Did you know Tesla currently doesn’t allow you to buy out your leased Model 3 at the end? That’s just one of the surprising facts we unpack in this ultimate guide.

Whether you’re curious about how to snag the best lease deal, which trim fits your lifestyle, or how to avoid costly mileage penalties, we’ve got you covered. Plus, we reveal insider tips from our Car Leases™ experts that can save you hundreds (or even thousands) over the life of your lease. Ready to drive into the future without the long-term commitment? Let’s dive in!

Key Takeaways

  • Leasing a Tesla Model 3 offers lower monthly payments and the chance to always drive the latest tech.
  • Tesla’s no-buyout lease policy means you must return the car at lease-end, so plan accordingly.
  • Mileage limits are strict; choose wisely to avoid expensive overage fees.
  • The “Highland” refresh in 2024+ models brings quieter cabins, better comfort, and updated controls.
  • Federal and state incentives often reduce lease costs, but only the leasing company claims the federal tax credit.
  • Insurance and charging costs vary; Tesla Insurance and home charging can help keep expenses down.

👉 Shop Tesla Model 3 leases on:

Table of Contents

Here at Car Leases™, we’ve seen our fair share of automotive trends come and go. But let’s be honest, the electric wave, led by the sleek and silent Tesla Model 3, isn’t just a trend—it’s a full-blown revolution. While some folks are still weighing their options, we’re seeing a huge surge in interest for leasing these futuristic rides. It’s a bit like getting the latest iPhone every few years, but way, way faster. And while there are some amazing 27 Chevy Lease Deals You Can’t Ignore in 2025 🚗, the allure of a Tesla is in a class of its own.

So, you’re captivated by the minimalist interior, the neck-snapping acceleration, and the idea of waving goodbye to gas stations forever. But is leasing a Model 3 the right move for you? Is it a financially savvy shortcut to the future, or a road paved with hidden fees? Buckle up, because we’re about to take a deep dive into every nook and cranny of the Tesla Model 3 lease experience. We’ll share our team’s personal stories, bust some myths, and give you the unvarnished truth.

⚡️ Quick Tips and Facts

In a hurry? Here’s the high-speed download on leasing a Tesla Model 3.

  • Leasing vs. Buying: Leasing a Model 3 often means lower monthly payments and the ability to drive a new car every 2-3 years. Buying means you build equity and have no mileage restrictions.
  • The “Highland” Refresh: The updated 2024+ Model 3 (codenamed “Highland”) features a quieter, more comfortable ride, a new interior design with ambient lighting, and improved aerodynamics for more range. It’s a significant upgrade!
  • No Buyout Option (Usually): This is a big one. As of now, Tesla does not offer a purchase option at the end of the lease for Model 3 and Model Y vehicles. You must return it. This policy can change, but it’s the current rule.
  • Federal Tax Credit Loophole: While you can’t claim the federal EV tax credit directly when you lease, the leasing company (Tesla) can. They often pass this saving on to you in the form of a lower monthly payment or a “capitalized cost reduction.” It’s a key benefit of leasing an EV.
  • Mileage Matters: Standard Tesla leases come with mileage options like 10,000, 12,000, or 15,000 miles per year. Exceeding this will cost you per mile at the end of the lease, so be realistic about your driving habits!
  • Minimal Maintenance: Say goodbye to oil changes! Tesla’s recommended maintenance is minimal, mostly involving tire rotations and cabin air filter replacements. This is a major cost-saving perk.
  • Ordering is Online: The entire process, from configuration to credit application, is handled through the Tesla website. It’s a very different experience from a traditional dealership.

The Electric Revolution: A Brief History of the Tesla Model 3’s Journey

a black and white photo of an old car on a city street

Remember when electric cars were quirky, compliance-focused vehicles with the range of a golf cart? We do. Then, in 2017, the Tesla Model 3 arrived and completely rewrote the script. It wasn’t just an electric car; it was a desirable car that just happened to be electric. With its sleek design, game-changing performance, and a genuinely usable range, the Model 3 became the vehicle that, according to Bloomberg, made electric mainstream.

It democratized the EV experience, bringing Tesla’s cutting-edge tech from the high-end Model S and Model X to a much wider audience. This car single-handedly accelerated the entire industry’s shift to electric. Now, with the “Highland” refresh, Tesla has refined the formula, addressing early criticisms with a focus on comfort, quietness, and premium materials. Leasing one today means you’re not just getting a car; you’re getting a piece of evolving automotive history.

Why Lease a Tesla Model 3? Unpacking the Benefits & Drawbacks


Video: The Reason Why You Should Lease a Tesla.







Leasing can feel like a complex puzzle, but for the right person, it’s a perfect fit. It’s one of the most common topics we discuss in our Electric Vehicle Leases category. Let’s break down why it might be your golden ticket to a Model 3.

The Allure of the Latest Tech: Always Driving New 🚗💨

EV technology is moving at lightning speed. Battery chemistry, software features, and autonomous driving capabilities are evolving faster than you can say “ludicrous mode.”

  • Benefit: A 2 or 3-year lease ensures you’re never left behind. When your lease is up, you can simply hand back the keys and jump into the newest model with better range, faster charging, and the latest FSD (Full Self-Driving) hardware. You’re always on the cutting edge. ✅

Budgeting Brilliance: Predictable Monthly Payments 💰

One of the biggest draws of leasing is financial predictability. You’re not paying for the whole car, just the depreciation during your lease term.

  • Benefit: This almost always results in a significantly lower monthly payment compared to financing a purchase over the same period. It makes a premium car like the Model 3 accessible to a wider budget. Plus, with a new car under warranty, you avoid unexpected, costly repair bills. It’s a core principle of smart Auto Financing Options. ✅

Dodging Depreciation Drama: The Lease Advantage 🛡️

Depreciation is the silent killer of car value. With the EV market in flux due to new models and changing battery tech, predicting a car’s value in 3-5 years is a high-stakes gamble.

  • Benefit: When you lease, you don’t have to worry about it! The leasing company assumes the risk of depreciation. If the market for used Model 3s tanks, that’s their problem, not yours. You just walk away at the end of your term. ✅

Flexibility for the Future: Adapting to Your Needs ✅

Life changes. A sporty sedan might be perfect for you now, but what if you have a growing family in three years and need a Model Y?

  • Benefit: Leasing gives you a built-in exit strategy. It provides the flexibility to adapt your vehicle to your evolving lifestyle without the hassle of selling a car you own.

The Downsides: What to Watch Out For 😬

It’s not all sunshine and Superchargers. Leasing has its limitations.

  • No Ownership Equity: You’re essentially renting. At the end of the term, you have nothing to show for your payments except the memories. ❌
  • Mileage Restrictions: Go over your allotted mileage, and you’ll face hefty per-mile fees. This can be a deal-breaker for road-trip warriors. ❌
  • No Customization: Want to wrap your car in hot pink or add a wild spoiler? Forget about it. Leased cars must be returned in near-original condition. ❌
  • The No-Buyout Rule: This is the big one for Tesla. Unlike most leases, you can’t decide you love your Model 3 and buy it at the end. This lack of flexibility is a major drawback for many. ❌

Lease vs. Buy: The Ultimate Showdown for Your Model 3 Dream


Video: Tesla Model 3: Lease vs Buy – The Hidden Cost of Depreciation (in case you missed it).








This is the million-dollar question (well, not quite, but it’s a big financial decision!). To make it simple, we’ve created a table to help you see where you might fall. This is a classic debate we cover in our Car Lease Basics guides.

Feature / Consideration Leasing a Tesla Model 3 ✅ Buying a Tesla Model 3 🏡
Monthly Payments Generally Lower Generally Higher
Upfront Cost Lower (First month, fees, down payment) Higher (Full down payment, taxes, fees)
Ownership You are renting the vehicle You own the vehicle and build equity
Customization Not allowed Go wild! It’s your car.
Mileage Restricted (e.g., 10k-15k/year) Unlimited
Depreciation Risk The leasing company’s problem Your problem (and potential loss)
End of Term Return the car, get a new one Keep it, sell it, or trade it in
Long-Term Cost Can be more expensive over many years More cost-effective if you keep it long-term
Best For Tech lovers, budget-conscious drivers, those who like a new car every few years High-mileage drivers, people who customize, long-term owners

When Leasing Shines Brightest ✨

You should seriously consider leasing if:

  • You want the lowest possible monthly payment.
  • You love having the latest technology and want to upgrade every 2-3 years.
  • You have a predictable commute and won’t exceed the mileage limits.
  • You’re worried about the long-term resale value of EVs.

When Buying Makes More Sense 🏡

Buying is likely the better path if:

  • You drive a lot of miles for work or pleasure.
  • You plan to keep your car for 5+ years.
  • You want to customize your car.
  • You want to build equity and have an asset to sell or trade in later.

The Hybrid Approach: Lease-to-Own Considerations 🤔

With most brands, this is a viable strategy. You lease the car, and if you love it, you exercise the purchase option at the end. However, as we’ve stressed, this is currently not an option for the Tesla Model 3 or Model Y. This is a critical distinction. If the idea of potentially buying your car at the end of the lease is important to you, you’ll need to look at other brands like Polestar or Hyundai.

Understanding the Anatomy of a Tesla Model 3 Lease Agreement


Video: The Truth about the Tesla Model 3 Lease Explained.








Alright, let’s pop the hood on the lease contract itself. The terminology can be intimidating, but understanding these key factors is crucial for getting one of the Best Lease Terms.

Decoding the Money Factor: Your Interest Rate’s Secret Twin

The money factor is essentially the interest rate on a lease, expressed as a small decimal (e.g., .00250). It can be confusing, but here’s a simple trick: Money Factor x 2400 = Approximate APR. A lower money factor means a lower monthly payment. This is often tied to your credit score; a better score gets you a better rate.

The Residual Value Riddle: What Your Model 3 Will Be Worth

The residual value is the leasing company’s prediction of what your car will be worth at the end of the lease. It’s expressed as a percentage of the MSRP. A higher residual value is good for you, as it means you’re paying for less depreciation, resulting in a lower monthly payment. Tesla vehicles, according to Kelley Blue Book, have historically had strong residual values, which contributes to attractive lease deals.

Mileage Matters: Driving Limits and Overage Fees 🛣️

This is where you need to be brutally honest with yourself. How much do you really drive?

  • Standard Tiers: 10,000, 12,000, or 15,000 miles per year.
  • Overage Fee: If you go over, Tesla charges a per-mile fee (check your contract for the exact amount, but it’s typically around $0.25 per mile).
  • Pro Tip: It’s almost always cheaper to pay for more miles upfront in your lease than to pay the penalty at the end.

Down Payment Dilemmas: How Much to Put Down?

This is called a “Capitalized Cost Reduction.” Putting money down will lower your monthly payment, but we at Car Leases™ generally advise against large down payments on a lease. Why? If the car is stolen or totaled in an accident, your insurance (and GAP coverage) pays off the lease company, but that down payment money is gone forever. It’s better to roll as much as possible into the monthly payment.

The Monthly Payment Puzzle: What Drives the Numbers?

Your monthly payment is calculated based on a few key things:

  1. The Capitalized Cost: The negotiated price of the car.
  2. The Residual Value: The car’s predicted worth at lease-end.
  3. The Money Factor: The interest rate.
  4. The Lease Term: The length of the lease (e.g., 24 or 36 months).
  5. Taxes and Fees: Varies by state.

The basic formula is: (Capitalized Cost – Residual Value) / Lease Term + (Capitalized Cost + Residual Value) x Money Factor.

Lease Term Length: Short Sprint or Long Marathon? 🗓️

Tesla typically offers 24 or 36-month leases.

  • 24-Month Lease: Higher payment, but you get to upgrade sooner. Ideal for tech enthusiasts who want the newest features.
  • 36-Month Lease: Lower payment, as you’re spreading the cost over a longer period. This is the most common and often the most cost-effective term.


Video: Tesla Lease Hack: Get the Best Deal!







Unlike the old days of spending a whole Saturday at a dealership, leasing a Tesla is a refreshingly digital experience. Here’s the step-by-step playbook.

1. Credit Score Check: Are You Lease-Ready? 💳

Before you even visit the Tesla website, know your credit score. Tesla’s leasing partners typically look for a “Tier 1” credit score (usually 720 or higher) to qualify for the best money factor. If your score is lower, you might still be approved, but at a higher rate. It’s a critical factor we explore in our Credit Score and Car Leasing section.

2. Customizing Your Lease: Trims, Features, and FSD Choices

This is the fun part! Head to the Tesla Model 3 Design Studio.

  • Choose your Trim: Rear-Wheel Drive, Long Range, or Performance? (More on this below).
  • Pick a Color: Note that some colors come at an additional cost.
  • Select Wheels: The standard Aero wheels are designed for maximum range. Upgrading to sportier wheels may slightly reduce your range.
  • Interior: Choose between the standard black or the optional white interior.
  • Full Self-Driving (FSD): This is a big decision. You can add FSD Capability to your lease. It will increase the monthly payment, and you don’t get to keep it. Alternatively, you can subscribe to FSD on a monthly basis after you take delivery, which offers more flexibility.

3. The Application & Approval Journey ✍️

Once you’ve configured your car, you’ll place a non-refundable order fee. Then, you’ll be prompted to complete the credit application online. It’s straightforward and usually takes just a few minutes. Approval is often very quick, sometimes within the hour.

4. Delivery Day Excitement! 🥳

Tesla will notify you when your car is ready and schedule a delivery appointment. You’ll sign the final paperwork, make your initial payment, and then get a walkthrough of your new car. The experience is famously seamless and low-pressure.

The Tesla Model 3 Lineup: Which Trim is Right for Your Lease?


Video: Tesla: Lease or Buy? Don’t Make This Mistake (hidden costs).








Choosing the right trim is about balancing your budget, your need for speed, and your driving range requirements. Here’s our team’s rating and breakdown of the current lineup.

Feature Model 3 RWD Model 3 Long Range Model 3 Performance
Value for Lease 9/10 10/10 8/10
Performance 7/10 9/10 10/10
Range 8/10 10/10 7/10
Daily Drivability 10/10 10/10 9/10
Overall 8.5/10 9.8/10 8.5/10

Model 3 Rear-Wheel Drive (RWD): The Efficient Entry Point

This is the most affordable Model 3 and, for many people, the smartest choice. The range is more than enough for daily commuting and most regional travel. It’s still quicker than most gasoline sedans in its class.

  • Best for: Commuters, city dwellers, and budget-conscious lessees who want the core Tesla experience without the extra cost.

Model 3 Long Range (LR): The Road Trip Warrior 🌍

This is the sweet spot of the lineup and our team’s top recommendation for most lessees. It offers a substantial range boost, making road trips a breeze. The dual-motor All-Wheel Drive provides superior traction in bad weather and even quicker acceleration.

  • Best for: Anyone with range anxiety, drivers in snowy climates, and those who want a perfect blend of performance and practicality.

Model 3 Performance: The Thrill Seeker’s Choice 🚀

This car is a supercar in sedan clothing. The acceleration is genuinely breathtaking. It comes with upgraded brakes, a carbon fiber spoiler, and a “Track Mode” for those who dare. The trade-offs are a higher cost, a stiffer ride, and slightly less range.

  • Best for: Adrenaline junkies and performance enthusiasts who want the ultimate driving thrill.

The “Highland” Refresh: What’s New and Lease-Worthy?

If you’re leasing now, you’re getting the updated “Highland” model. Is it worth it? Absolutely.

  • Acoustic Glass: The cabin is dramatically quieter.
  • Ventilated Seats: A game-changer for hot climates.
  • New Suspension: A much more comfortable and refined ride.
  • Ambient Lighting: Adds a premium, customizable feel to the cabin.
  • No Stalks: The turn signals are now buttons on the steering wheel, and the gear selector is on the touchscreen. This is the biggest point of contention and takes some getting used to!

👉 Shop the Tesla Model 3 on:

Incentives and Tax Credits: Boosting Your Tesla Model 3 Lease Savings


Video: How to buy a Used EV with Tax Credit AT THE DEALER. Buy Used Tesla’s or EVs following these steps…








This is where leasing an EV gets really interesting. The rules around incentives can be a maze, but they can also lead to significant savings.

Federal EV Tax Credits: Do They Apply to Leases? 🤔

Here’s the scoop: As a lessee, you personally cannot claim the federal Clean Vehicle Credit (up to $7,500). However, the manufacturer (Tesla) can claim it as the owner of the vehicle.

Under the Inflation Reduction Act’s rules for commercial clean vehicles, leased vehicles qualify. Tesla often passes this savings on to the customer by applying it as a “capitalized cost reduction” on the lease. This directly lowers your monthly payment. It’s a fantastic loophole that makes leasing an EV particularly attractive.

State and Local Incentives: Unlocking Extra Savings 💲

Many states, and even some cities and counties, offer their own EV rebates. Programs like California’s CVRP or New York’s Drive Clean Rebate can put thousands back in your pocket.

  • Action Step: Check your state’s energy department website or a resource like the AFDC’s Laws and Incentives database to see what you qualify for. Some apply at the point of sale, while others are mail-in rebates.

Utility Company Rebates: Charging Up Your Wallet 💡

Don’t forget to check with your local electric utility! Many offer rebates for installing a Level 2 home charger or provide special, lower electricity rates for charging your EV during off-peak hours. This can dramatically reduce your “fueling” costs over the life of the lease.

Insurance, Maintenance, and Charging: The Real-World Costs of Leasing a Model 3


Video: True cost of LEASING the 2025 Model 3…








Your monthly payment is just one piece of the puzzle. Here’s what you need to budget for to get a true picture of your total cost of operation.

Insuring Your Electric Dream Machine: What to Expect ☂️

Let’s be blunt: insuring a Tesla can be more expensive than insuring a comparable gasoline car. This is due to their high-tech components and specialized repair procedures.

  • Our Experience: We’ve seen premiums vary wildly. It pays to shop around. Get quotes from major carriers but also check out Tesla’s own insurance product, which is available in several states and uses real-time driving data to set your rate. If you’re a safe driver, it can offer significant savings.

Maintenance Myths vs. Realities: Less is More? 🛠️

This is a huge win for Tesla owners and lessees. There are no oil changes, spark plugs, or timing belts to worry about.

  • Tesla’s Recommended Maintenance:
    • Cabin Air Filter: Replace every 2 years.
    • Tire Rotation: Every 6,250 miles or if tread depth difference is 2/32 in or more.
    • Brake Fluid Test: Every 2 years (replace if necessary).
      That’s it. The savings in both time and money compared to an internal combustion engine (ICE) vehicle are substantial over a 3-year lease.

Charging Your Tesla: Home vs. Supercharger Network 🔌

Your “fuel” costs will depend on where you charge.

  • Home Charging (Level 2): This is the cheapest and most convenient way to charge. You wake up with a “full tank” every day. The cost is based on your residential electricity rate, which is almost always far cheaper than gasoline.
  • Tesla Supercharger Network: Incredibly fast and convenient for road trips. It’s more expensive than charging at home but still generally cheaper than gas. Think of it as the premium fuel you use when you’re in a hurry or away from home.

End-of-Lease Options: What Happens When the Joyride Ends?


Video: Leasing a Tesla? Here’s What Happens When You Turn It In.








The end of your lease is a critical phase. Knowing your options ahead of time will save you headaches and money.

Option 1: Returning Your Model 3: The Walk-Away ✅

This is the most common path for Model 3 lessees. You’ll schedule a pre-inspection to assess for any “excess wear and tear.” Then, you schedule a final appointment to drop off the car, sign a few papers, and walk away. It’s that simple. You’re now free to lease a new Tesla or any other car you want.

Option 2: Buying Your Leased Model 3: Falling in Love Again ❤️

As we’ve mentioned, and it bears repeating: Tesla currently does not allow you to purchase your Model 3 at the end of the lease. This is a firm policy outlined on their support pages. While policies can change, you should enter a Model 3 lease assuming this will not be an option for you.

Option 3: Trading Up to a New Tesla: The Upgrade Path ⬆️

This is what Tesla hopes you’ll do! The process is seamless. You can start configuring your new Tesla a few months before your current lease ends. Tesla will coordinate the return of your old car with the delivery of your new one, making the transition as smooth as possible.

Excess Wear and Tear: Avoiding Surprise Fees 💸

Leasing companies expect normal wear, but they will charge you for damage beyond that.

  • What’s Covered: Small dings, minor scratches.
  • What’s Not: Large dents, cracked glass, bald tires, heavily curbed wheels.
  • Pro Tip: Tesla provides a detailed wear and tear guide. Review it a few months before your lease ends. It’s often cheaper to have a small dent repaired by a paintless dent removal specialist yourself than to pay Tesla’s charge for it at lease-end.

Common Pitfalls and Pro Tips for a Smooth Tesla Model 3 Lease


Video: 5 Costly Mistakes I Made Leasing (Or Buying) a Tesla & How to Avoid it.







We’ve guided hundreds of clients through this process. Here are the most common mistakes we see and how to avoid them.

❌ Don’t Forget the Disposition Fee!

Nearly all leases have a disposition fee. This is a charge for the cost of cleaning, inspecting, and reselling the car after you return it. It’s usually a few hundred dollars. The good news? Tesla will often waive this fee if you lease another Tesla.

✅ Negotiate the Sale Price, Not Just the Monthly Payment

Wait, can you negotiate with Tesla? Directly on a new car, no. Tesla has a fixed-price model. However, this tip is crucial for other brands and sometimes for Tesla’s inventory vehicles. When leasing any car, always focus on the Capitalized Cost (the price of the car). A lower cap cost is the most effective way to lower your payment.

❌ Beware of Hidden Fees and Charges

Read your lease agreement carefully. Look for acquisition fees (a fee for setting up the lease), documentation fees, and any other add-ons. Tesla’s process is very transparent, but it’s always good practice to understand every line item.

✅ Understand Your Mileage Allowance

We can’t say this enough. Be realistic. If you’re on the fence, it’s better to opt for the higher mileage tier (e.g., 12,000 instead of 10,000). The small monthly increase is much more palatable than a surprise bill for thousands of dollars at the end.

✅ Consider a Shorter Lease Term for Rapid Tech Evolution

If your budget allows, a 24-month lease on a Model 3 is a fantastic option. Given how quickly Tesla iterates on its hardware and software, a two-year cycle ensures you’re always experiencing the best they have to offer.

The Future of Tesla Leasing: What’s Next for the Model 3?


Video: Why I’m Selling My New Tesla Model 3 After Just 4 Months!








Looking ahead, the world of EV leasing is only going to get more dynamic. Here’s what we’re keeping our eyes on.

Technological Advancements and Their Impact on Lease Value

As Tesla rolls out new battery technology (like the 4680 cells) and more advanced self-driving hardware, the value of older models could change more rapidly. This makes leasing an even more attractive proposition, as it insulates you from this potential volatility in resale value.

As more competitors like Hyundai, Kia, and Ford produce compelling EVs, the market becomes more saturated. This could put downward pressure on the high residual values Teslas have historically enjoyed. For lessees, this might mean slightly higher payments in the future, but it also means more choices. We’ll be watching these trends closely to see how they affect the best lease deals available.

Conclusion: Is a Tesla Model 3 Lease Your Next Smart Move?

a person driving a car on a highway

After cruising through every twist and turn of Tesla Model 3 leasing, here’s the bottom line: leasing a Model 3 is a smart, savvy choice for tech enthusiasts, budget-conscious drivers, and those who crave the thrill of driving the latest electric vehicle without the long-term commitment. The “Highland” refresh adds a layer of refinement and comfort that makes leasing even more appealing.

Positives ✅

  • Lower monthly payments compared to buying.
  • Always driving the latest Tesla with cutting-edge tech.
  • Minimal maintenance costs and no worries about depreciation.
  • Access to federal and state incentives passed through leasing companies.
  • Flexible upgrade options at lease-end.

Negatives ❌

  • No option to purchase the car at lease-end (Tesla’s current policy).
  • Mileage restrictions that can lead to costly overage fees.
  • Limited customization options.
  • Potentially higher insurance premiums.
  • Disposition fees and wear-and-tear charges if not careful.

If you’re someone who loves driving a new car every few years, wants to avoid the risks of EV depreciation, and enjoys the convenience of Tesla’s seamless online ordering and delivery, leasing the Tesla Model 3 is a fantastic option. However, if you’re a high-mileage driver or want to build equity in your vehicle, buying might be the better path.

Still wondering if leasing is right for you? Think about your driving habits, budget, and how much you value always having the latest tech. Leasing a Tesla Model 3 is like subscribing to the future of driving — and for many, that’s a ride worth taking.

Ready to explore Tesla Model 3 lease options? Check these out:

FAQ: Burning Questions About Tesla Model 3 Leasing Answered

the interior of a car with a steering wheel and dashboard

What are the current Tesla Model 3 lease prices and options?

Tesla’s lease prices vary by trim, location, and incentives. Typically, leases are offered on the Rear-Wheel Drive, Long Range, and Performance trims with 24 or 36-month terms and mileage options of 10,000, 12,000, or 15,000 miles per year. Monthly payments are generally lower than financing but depend on your credit score and negotiated capitalized cost. Tesla’s website and trusted platforms like Edmunds provide up-to-date pricing and specials.

Read more about “10 Powerful Pros of Buying a Car You Can’t Ignore in 2025 🚗”

How does leasing a Tesla Model 3 compare to buying one outright?

Leasing offers lower monthly payments, less upfront cash, and the ability to upgrade every few years without worrying about resale value. Buying builds equity and allows unlimited mileage and customization but requires a larger upfront investment and exposes you to depreciation risk. Leasing is ideal for those who prioritize flexibility and tech upgrades; buying suits long-term owners and high-mileage drivers.

Read more about “Why Suze Orman Says NOT to Lease a Car: 8 Shocking Reasons (2025) 🚗”

What are the advantages of leasing a Tesla Model 3 over other electric vehicles?

Tesla’s strong brand recognition, extensive Supercharger network, and rapid software updates make leasing a Model 3 particularly attractive. Additionally, Tesla’s residual values tend to be higher than many competitors, which helps keep lease payments competitive. Tesla’s direct sales model and online ordering streamline the leasing process compared to traditional dealerships.

Read more about “How Much is a Tesla Model 3 Per Month? 🚗 7 Essential Insights …”

Can I lease a used Tesla Model 3, or only brand new models?

Currently, Tesla only offers leases on new Model 3 vehicles. Used Teslas can be purchased through Tesla’s Certified Pre-Owned program or third-party sellers, but leasing is not available on used models. This is important to consider if you want a lease with the latest warranty and incentives.

What are the typical lease terms and mileage limits for a Tesla Model 3?

Tesla leases typically run for 24 or 36 months with mileage limits of 10,000, 12,000, or 15,000 miles per year. Exceeding mileage limits results in per-mile fees at lease-end, usually around $0.25 per mile. Choosing the right mileage allowance upfront can save you from costly penalties later.

Read more about “12 Shocking Reasons Not to Lease a Car in 2025 🚫🚗”

How do I find the best Tesla Model 3 lease deals and specials?

The best deals often appear on Tesla’s official website, especially for inventory vehicles or during promotional periods. Third-party sites like Edmunds and TrueCar aggregate offers and can help you compare. Keep an eye on seasonal incentives, state rebates, and utility company programs to maximize savings.

Are there any tax benefits or incentives for leasing an electric vehicle like the Tesla Model 3?

While lessees cannot claim the federal EV tax credit directly, Tesla as the lessor can claim it and typically passes the savings to you via lower monthly payments. Additionally, many states and utilities offer rebates or incentives that apply to leased EVs. Check resources like the AFDC Incentives Database for your location.

What happens at the end of a Tesla Model 3 lease, and what are my options for returning or purchasing the vehicle?

At lease-end, you generally return the vehicle to Tesla, pay any excess mileage or wear-and-tear fees, and either walk away or lease a new Tesla. Unlike many leases, Tesla does not currently offer a purchase option for Model 3 leases, so buying your leased car is not an option. Planning ahead for the lease-end process can help avoid surprises.

We hope this guide helps you navigate the exciting world of Tesla Model 3 leasing! Remember, at Car Leases™, we’re here to help you get the best deals and drive smarter. Happy leasing! 🚘⚡

Jacob
Jacob

Jacob is the Editor-in-Chief of the site Car Leases™, where he leads a team focused on clear, bias-free guidance that helps drivers negotiate smarter leases and avoid costly surprises. His editorial playbook is simple: explain money factors and residuals in plain English, show the math, and keep every article aligned with up-to-date incentives, tax rules, and real-world pricing. Under Jacob’s direction, Car Leases™ covers the full lifecycle of leasing—from negotiation and financing to lease transfers, EV leases, mileage limits, and end-of-term strategies—so readers can make confident decisions fast.

He also steers the site’s transparency standards: clear affiliate disclosures, reader-first recommendations, and an emphasis on sustainability (the site runs on carbon-neutral hosting via AccelerHosting). Those practices reflect Car Leases™’s mission to provide accurate, current information freely to readers.
Car Leases™

When he’s not untangling lease jargon, Jacob is testing calculators, pressure-testing “too good to be true” zero-down offers, and editing deep dives on high-interest topics like Tesla and other EV leases. His goal is constant: turn complicated lease terms into decisions you can trust.

Articles: 245

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