What is the Cheapest Model 3? Discover 5 Surprising Facts! 🚗💨 [2024]

Video: 2024 Tesla Model 3 vs The Cheapest Model 3 You Can Buy.







Are you curious about the cheapest Tesla Model 3 and what makes it such a hot topic in the EV world? Well, you’re in for a treat! In this article, we’ll not only unveil the most affordable Model 3 variant but also dive deep into five surprising facts that might just change your perspective on electric vehicles. Did you know that the Model 3 can save you money on fuel and maintenance compared to traditional gas-powered cars? Or that it qualifies for federal tax credits that can significantly lower your overall cost? Buckle up as we explore the ins and outs of the Tesla Model 3, and discover whether it’s the right fit for you!

As we navigate through the various models, pricing, and features, we’ll also touch on some hidden costs and financing options that can impact your decision. So, keep reading to find out how you can drive away in a Tesla Model 3 without breaking the bank!

Key Takeaways

  • The cheapest Tesla Model 3 is the Rear-Wheel Drive (RWD) variant, starting at $38,990.
  • Eligible for a $7,500 federal tax credit, making it even more affordable.
  • Offers a range of 272 to 341 miles, depending on the model.
  • Lower maintenance costs compared to traditional gas vehicles, leading to long-term savings.
  • Customization options can increase the price, so it’s essential to consider your budget.

Ready to explore the world of Tesla? Shop Tesla Models and find the perfect fit for your lifestyle!


Table of Contents

  1. Quick Tips and Facts
  2. The Evolution of the Tesla Model 3: A Brief History
  3. Tesla Model 3 Pricing Breakdown: What You Need to Know
  4. Comparing Tesla Models: Model 3 vs. Model Y, Model S, and Model X
  5. Upcoming Tesla Models: What’s on the Horizon?
  6. Tesla Tax Credits and Incentives: Saving Money on Your EV
  7. Hidden Costs of Owning a Tesla: What to Watch Out For
  8. Financing and Leasing Options for Your Tesla Model 3
  9. Do Teslas Really Save Money on Fuel?
  10. Understanding Tesla Maintenance Costs and Service Fees
  11. Navigating Tesla Car Insurance: What You Should Know
  12. Are Tesla Cars Worth the Investment? A Deep Dive
  13. Tesla Cost FAQs: Your Burning Questions Answered
  14. Conclusion
  15. Recommended Links
  16. FAQ
  17. Reference Links

Quick Tips and Facts

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Before we dive into the details, here are some quick tips and facts about the Tesla Model 3:

  • The cheapest Tesla Model 3 is the base Model 3 Rear-Wheel Drive, starting at $38,990.
  • The Model 3 is eligible for a $7,500 federal tax credit, but only for the Long Range and Performance models.
  • Tesla offers various customization options, including paint, wheels, interior, and Full Self-Driving Capability.
  • The Model 3 has a range of 272 to 341 miles, depending on the model and customization.
  • Tesla vehicles have lower maintenance costs than conventional gas-powered cars.

Related Article: Tesla Model 3 Lease $250

The Evolution of the Tesla Model 3: A Brief History

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The Tesla Model 3 was first introduced in 2017 as a more affordable alternative to the Model S and Model X. Since then, the Model 3 has undergone several updates and improvements, including the addition of new features and customization options.

Key Milestones:

  • 2017: The Model 3 is first introduced, with a starting price of $35,000.
  • 2018: Tesla introduces the Model 3 Performance, with a starting price of $60,000.
  • 2019: Tesla updates the Model 3 with new features, including a new interior and exterior design.
  • 2020: Tesla introduces the Model 3 Long Range, with a starting price of $44,990.

Tesla Model 3 Pricing Breakdown: What You Need to Know

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The Tesla Model 3 is available in several different models, each with its own unique features and price point.

Model 3 Pricing:

ModelBase PriceMax PriceFederal Tax Credit ValueMileage Range
Model 3 Rear-Wheel Drive (RWD)$38,990$51,990$0272 Miles
Model 3 Long Range All-Wheel Drive (AWD)$47,490$60,740$7,500341 Miles
Model 3 Performance AWD$54,990$66,630$7,500303 Miles

Customization Options:

  • Paint: Pearl White Multi-Coat ($1,000), Deep Blue Metallic ($1,000), Solid Black ($1,500), Ultra Red ($2,000)
  • Wheels: 19” Nova Wheels ($1,000) (not available for Model 3 Performance)
  • Interior: Black and White ($2,000)
  • Full Self Driving Capability: $8,000

Comparing Tesla Models: Model 3 vs. Model Y, Model S, and Model X

Video: WHICH TESLA IS BEST? (Model X vs Model Y vs Model 3 vs Model S).







The Tesla Model 3 is just one of several models available from Tesla. Here’s a comparison of the Model 3 with other Tesla models:

Model 3 vs. Model Y:

  • The Model Y is a compact luxury SUV, while the Model 3 is a compact luxury sedan.
  • The Model Y has a starting price of $44,990, while the Model 3 has a starting price of $38,990.
  • The Model Y has a range of 279 to 320 miles, while the Model 3 has a range of 272 to 341 miles.

Model 3 vs. Model S:

  • The Model S is a full-size luxury sedan, while the Model 3 is a compact luxury sedan.
  • The Model S has a starting price of $72,990, while the Model 3 has a starting price of $38,990.
  • The Model S has a range of 359 to 402 miles, while the Model 3 has a range of 272 to 341 miles.

Model 3 vs. Model X:

  • The Model X is a full-size luxury SUV, while the Model 3 is a compact luxury sedan.
  • The Model X has a starting price of $77,990, while the Model 3 has a starting price of $38,990.
  • The Model X has a range of 326 to 335 miles, while the Model 3 has a range of 272 to 341 miles.

Upcoming Tesla Models: What’s on the Horizon?

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Tesla has several new models in the works, including the Roadster and the Model 2.

Roadster:

  • The Roadster is a high-performance sports car, with a starting price of $200,000.
  • The Roadster has a range of over 620 miles, and can go from 0 to 60 mph in just 1.9 seconds.

Model 2:

  • The Model 2 is a compact luxury sedan, with a starting price of $25,000.
  • The Model 2 has a range of over 250 miles, and is expected to be available in 2025.

Tesla Tax Credits and Incentives: Saving Money on Your EV

Video: EV Tax Credits: Everything You Need to Know for 2024 | Eligibility, Incentive Amount & More.







Tesla offers several tax credits and incentives to help make your EV more affordable.

Federal Tax Credit:

  • The federal tax credit for EVs is worth up to $7,500.
  • The credit is available for the Model 3 Long Range and Performance models.

State Incentives:

  • Many states offer their own incentives for EVs, including rebates and tax credits.
  • These incentives can help reduce the cost of your EV even further.

Hidden Costs of Owning a Tesla: What to Watch Out For

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While Tesla EVs can be more affordable than traditional gas-powered cars, there are still some hidden costs to watch out for.

Maintenance Costs:

  • Tesla EVs have lower maintenance costs than traditional gas-powered cars.
  • However, they still require regular maintenance, including tire rotations and software updates.

Insurance Costs:

  • Tesla EVs can be more expensive to insure than traditional gas-powered cars.
  • However, many insurance companies offer discounts for EVs.

Financing and Leasing Options for Your Tesla Model 3

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







Tesla offers several financing and leasing options for the Model 3.

Financing Options:

  • Tesla offers financing options through several different lenders.
  • These options can help make your EV more affordable.

Leasing Options:

  • Tesla offers leasing options for the Model 3.
  • These options can help you get behind the wheel of a new EV for a lower monthly payment.

Do Teslas Really Save Money on Fuel?

Video: Tesla Model 3 Gas Savings | How Much Am I Really Saving?







One of the biggest benefits of owning a Tesla EV is the potential to save money on fuel.

Fuel Savings:

  • Tesla EVs can save you money on fuel, especially if you drive a lot.
  • However, the amount of money you save will depend on several factors, including your driving habits and the cost of electricity in your area.

Understanding Tesla Maintenance Costs and Service Fees

Video: 5-Year Tesla Model 3 Ownership Update: Costs and Maintenance Breakdown.







Tesla EVs have lower maintenance costs than traditional gas-powered cars, but they still require regular maintenance.

Maintenance Costs:

  • Tesla EVs require regular maintenance, including tire rotations and software updates.
  • These costs can add up over time, but they are still lower than the maintenance costs for traditional gas-powered cars.

Service Fees:

  • Tesla charges a service fee for many of its maintenance services.
  • These fees can add up over time, but they are still lower than the service fees for traditional gas-powered cars.
Video: Best Insurance for your TESLA (Which one did I go with??).







Tesla EVs can be more expensive to insure than traditional gas-powered cars, but there are still several options available.

Insurance Options:

  • Many insurance companies offer discounts for EVs.
  • These discounts can help reduce the cost of your insurance premiums.

Insurance Costs:

  • Tesla EVs can be more expensive to insure than traditional gas-powered cars.
  • However, the cost of insurance will depend on several factors, including your driving habits and the cost of insurance in your area.

Are Tesla Cars Worth the Investment? A Deep Dive

Video: 2024 Tesla Model 3 Performance 3-Month Review – Is It Worth It?







Tesla EVs can be a significant investment, but they offer several benefits that can make them worth the cost.

Benefits:

  • Tesla EVs can save you money on fuel and maintenance costs.
  • They also offer a unique driving experience and a range of advanced features.

Drawbacks:

  • Tesla EVs can be more expensive than traditional gas-powered cars.
  • They also require regular maintenance and can be more expensive to insure.

Tesla Cost FAQs: Your Burning Questions Answered

person walking on snowfield

Here are some frequently asked questions about the cost of Tesla EVs.

Q: How much does a Tesla Model 3 cost?

A: The Tesla Model 3 starts at $38,990.

Q: Is the Tesla Model 3 eligible for a federal tax credit?

A: Yes, the Model 3 Long Range and Performance models are eligible for a federal tax credit worth up to $7,500.

Q: How much does it cost to maintain a Tesla EV?

A: Tesla EVs have lower maintenance costs than traditional gas-powered cars, but they still require regular maintenance. The cost of maintenance will depend on several factors, including your driving habits and the cost of maintenance in your area.

Conclusion

pink and white abstract painting

In summary, the Tesla Model 3 stands out as a compelling choice for those seeking an affordable entry into the electric vehicle (EV) market. With a starting price of $38,990, it offers a range of features, impressive mileage, and the potential for significant savings on fuel and maintenance costs.

Positives:

  • Affordability: The base Model 3 is the cheapest Tesla model available.
  • Range: Offers a mileage range between 272 to 341 miles, depending on the variant.
  • Tax Incentives: Eligible for a $7,500 federal tax credit for certain models.
  • Lower Maintenance Costs: Generally lower than traditional gas-powered vehicles.

Negatives:

  • Customization Costs: Additional features and upgrades can quickly add to the overall price.
  • Insurance Rates: Tesla vehicles can be more expensive to insure compared to conventional cars.
  • Limited Availability of Tax Credits: The base model does not qualify for the federal tax credit.

Overall, if you’re looking for a stylish, tech-savvy, and eco-friendly vehicle, the Tesla Model 3 is a fantastic investment. It combines performance with practicality, making it a top contender in the EV market. So, if you’re ready to make the leap into electric driving, the Model 3 is definitely worth considering! 🚗⚡

👉 Shop Tesla Models:

FAQ

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How much is the cheapest Model 3?

The cheapest Model 3 is the Rear-Wheel Drive (RWD) variant, which starts at $38,990. This model provides a great entry point into the Tesla lineup without sacrificing essential features.

Read more about “Unlock the Secrets to Leasing a Tesla Model 3 for Just $250 in … 🚗⚡”

Is the Model S or Model 3 cheaper?

The Model 3 is significantly cheaper than the Model S. While the Model 3 starts at around $38,990, the Model S begins at $72,990, making the Model 3 a more budget-friendly option for those looking to enter the Tesla family.

Read more about “🚗 Unlocking the Secrets: How Much Does It REALLY Cost to Lease a Used Car? …”

Is Tesla Model 3 cheaper than gas?

Yes, the Tesla Model 3 can be cheaper than gas-powered vehicles when considering fuel savings and lower maintenance costs. While the upfront cost may be higher, the savings on fuel and maintenance over time can make it a more economical choice.

Read more about “How Much Does a Tesla Cost Per Month to Charge in 2024? 🚗⚡”

How much can you buy a Model 3 for?

You can buy a Tesla Model 3 for as low as $38,990 for the base RWD model. However, prices can increase significantly with added features and customizations, so it’s essential to consider your preferences and budget.

Read more about “🚗 How Much Do Teslas Lease For? 10 Things You Need to Know in 2024”

What are the financing options for a Tesla Model 3?

Tesla offers various financing options through different lenders, allowing you to choose a plan that fits your budget. Additionally, leasing options are available for those who prefer lower monthly payments without the commitment of ownership.

Read more about “How Much Should You Expect to Pay for a Lease on a $45,000 Car? 10 Essential Factors to Consider in 2024 🚗✨”

How does the Model 3 compare to other EVs?

The Model 3 is often compared to other electric vehicles like the Nissan Leaf, Chevrolet Bolt, and Ford Mustang Mach-E. While the Model 3 generally offers superior range and performance, the competition may provide lower starting prices or different features that could appeal to various buyers.

Read more about “Are Car Leases Still Worth It? … 🤔”

With all this information, you’re now equipped to make an informed decision about whether the Tesla Model 3 is the right fit for you. Happy driving! 🚘✨

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