Tesla's New Leasing Prices Are Insane | July 2024 Lease Guide

Breaking down all of the steps for leasing a Tesla vehicle, and discussing whether leasing may or may not be the best option for you.

1. All-Weather Floor Mats

2. Front License Plate Mount - Quick Bandit

3. Screen Protector (Model Y/3)

4. Hills Interior Upgrades - Wood

5. Cyber Backpack

6. Enhance S3XY Buttons

7. Fanttik X8 Apex Tire Inflator

8. Spare Tire for Tesla

9. Tire Air Caps

10. Phone Mount

11. Tablet Mount

12. Fanttik V10
► Discount Code: RYANV10APEX
► Discount Code: RYANV10MATE

13. Model Y Matchbox

14. Scent Wedge Tesla Air Freshener (Model Y/3)

15. Air Freshener Adapter

16. HEPA Filters

17. Center Console Organizers (Model Y/3)

Teslarati New Owners Bundle

18. Jowua Console & Dock

19. Jowua Console Bar Hub

20. Front Trunk Organizer (Model Y)

21. Side Door Organizers

22. Side Cubby Storage Bins (Model Y)

Bonus: Rear Seat Storage (Model Y)

23. Samsung T7 SSD

24. Roof Shade (Model Y):

25. Water Bottle Holder

26. Arm Rest Cover

27. Sunglasses Holder

28. CCS Adapter

29. Pedal Covers

30. Pet Cargo Cover

31. Cleaning Products

Individual Products:

*When you buy something using the links above, we may earn a small commission to help support the channel. We only recommend brands we 100% stand by.*

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[thxphil]

The prices you’re using don’t include taxes and fees which bump the Model 3 Perf for example up an extra $200/mo from what the site shows and numbers you used.

[MrQueezyAliTV]

I have been leasing for the last 10 years and 3 of them have been with Tesla. The thing I like about leasing is a new car every 3 years and don’t have to own something that depreciates in value. The miles thing is the worst part but I always do the 15000 a year and seems to work good for me. As far as buying at the end of the lease you can only do that with the models S & X, . I am on my second model 3 so I will not have the option to buy. When I did my credit app online it was instant approval, didn’t have to wait at all. I did Tesla insurance and it’s pretty cheap. I got the new 2024 model 3 performance and had to put down $6000. The first Tesla was a 2021 model three performance and had to put down $5000. My payment actually went down from last time. It’s was $781 for the 2021 and now it’s $741 for the 2024 a month. I have solar on my roof at home that covers all the electricity charges even charging the car. So in my opinion, for me, leasing is an amazing option.

[jessechen]

All things equal. You are paying the depreciation plus associated admin cost of the vehicle in a lease.

[TrthRtlyDivd]

If you understand business, you know that leasing can be a great business strategy. What you pay becomes a tax write off. Leasing just to get a lower payment is the same as renting a car.

[westondaniel]

My 2020 Model Y lease return went horribly. I will never lease a car that you can’t buy at lease end.

[scott_glasgow]

I am leasing now (and used your referral code) and here is what I think.. the system is always changing, the charging part might even change in 3 years, then what? You all have an adapter to the old Tesla port. Also I got my Model 3 in December of 2023, so I look forward to my Model 3 in 2026 with all of it's updates as a lease... I don't want to buy as we know all "technology" changes every year-- look at Apple computers from 3 yrs ago.

Finally, I pay my lease with stock I purchased called TSLY. 10k gives me $500 monthly to pay for the lease, insurance and charging. Work that magic!

[geiger]

You should never put any cash down on a lease above taxes and fees. If the car is wrecked you are just out that money.

[miguelcoka]

@ryanshawtech I am returning my 21 M3P lease on 8/3. I have been leasing cars since 1995 & for the first time ever Tesla is charging me $350 to remove the tints on the car. I paid $299 to get them installed. Front has legal tints. However Tesla states it’s in the agreement that it cannot be returned with tints. I took it back to my tint shop & had them removed for $100. So Inam good. But wanted to share for others who lease & have tints. I am getting into a 24 M3P & will also tint it but being mindful that I will need to remove them in 3 years. That was the only major modification I had. My Wife & ai enjoy your EV content. Keep up the great work!! ✌🏻 & ✊

[ericcarver]

I saw the notification about this video and got excited went on their site and there was nothing new. It was the same 299 a month.

[kida]

We are arriving at a point in time when things may change RAPIDLY in the EV sector. FSD robotaxis may become the better choice over buying a vehicle in the next 5-10 years. EVs might become substantially cheaper in the next 2-5 years. Leasing might be a way to ride the wave until the transportation situation sorts itself out and a new norm emerges.

[franklong]

I bought a used 2022 Model 3 for $18, 900 after the Federal Rebate, and I own it outright. The lease for the RWD Model 3 might make the most financial sense if you want to drive a brand-new car, but you are limited to 10, 000 miles. So, if you drive a lot, you cannot recoup your investment in gas savings. It would be interesting to see how much the trade-in value is after the lease is completed.

I figured that the money I invested to purchase my 2022 Model 3 actually is earning about 8% annually in gas savings. This ROI is guaranteed so long as I don't have an accident or the car breaks down. Since the Model 3 is perhaps the most reliable EV made, I don't foresee it breaking down. I also calculated that if I drive the car for approximately 18000 - 20, 000 miles, it will have paid for itself in gas savings, using $4.00 per gallon as a metric. This does not include savings on oil changes, brake changes, fluid replacements and other ICE maintenance cost savings. I also own a 4-wheel Drive Toyota. It gets about 15 mpg in the city, so I save a ton of money on gas in comparison.

If I drive this Model 3 for more than 20, 000 miles, it will be paying me to own it as opposed to driving my Tacoma. This is an almost guaranteed financial return of 8%, and that ROI is hard to find right now unless you take significant risks.

[ejr]

I've never leased a car, instead we do our research and have always purchased new cars, taken very good care of them and keep them a long time. I was considering leasing the Long Range Model Y we bought last February, as it seems that EVs and battery technology will march forward in the future I evaluated a lease, but again decided to purchase. We had a very lucky stock trade, which much more than paid for the new car, so we paid cash and are glad we did.

[jeffneilson]

I’m waiting for my lease M3P. Got 3 yr and hoping Cyber truck will have bugs fixed and cheaper variant out.

[brentsalem]

A $50, 000 car divided by 120 months (10 years) gives $416 a month. Always think about it as a cost per month. This lease rate is truly incredible imo, and it’s compounded by the fact that batteries are improving

[snowkie]

The thing about leasing a Model Y is that you’re very likely getting stuck with the LG battery since leases aren’t subject to domestic battery sourcing requirements. Would have been nice if Ryan addressed that.

[gallantho]

Another downside for leasing a Telsa is when you return the car, they will charge for a wear and tear fee which is from low $3000 to over $5000 USD, that really keeps me away from leasing one.

[keithferguson]

I leased one car in my life time when i turned it in they made me pay for new tires. They said the ones on were worn which i highly disagreed. It felt like i lost my car and got nothing in return. I much prefer buying...

[williamrogers]

FSD only makes sense using the subscription model whether you lease or purchase. The payback period is 80 (assuming no interest on the 8k) to 100 months (assuming 5% interest on the 8k)

[teslamr]

The NY insurance prices are even more insane . Some of the big name Insurance companies don’t even Insure Tesla’s in NY.

[anthonysears]

I am currently placing a lease order via the Tesla app and was approved but the approval looks like a finance as it’s showing a 7% Apr. The Tesla rep said he might have to re submit it to show a money factor as it should for a lease