Tesla Model 3 Costs Much Less Than Average New Car, Sans Incentives via insideevs.com
Tesla has recently proven that it no longer needs to put emphasis on the fact that when you buy the Model 3, you could potentially save $11,700Nonetheless, the automaker lists the revamped $7,500 federal EV tax credit, which many folks simply don't have the tax liability to qualify for. Also listed on Tesla's site is its estimated $4,200 in fuel cost savings over six years, though that doesn't help buyers in the near term.
If you were to buy a Model 3 today, you'd be looking at a minimum of $44,630, including the destination and order fees, but excluding other fees and taxes. If you financed it through Tesla at 5.44% for 72 months and put 10% down , you'd be looking at a monthly payment of around $650. Tesla is also offering a leasing program with the same money down and a monthly payment of just $349 , but you won't get to buy the car at the end of the term.
At this point, you'll have to look at your budget and crunch the numbers to see if the above lease or financing options may work for you. There's a good chance you can do better on the financing through a bank or a credit union.Tesla Model 3 And Model Y Qualify For $2,000 Rebate In California If you are considering a new EV, be sure to sit down and figure out whether you can actually get any tax credits or incentives, and when you'll actually get the money. It would also be wise to figure out how much money you'll likely save on fuel costs, since you can take the difference out of your monthly budget and use it toward the car payment.
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