Tesla is preparing to offer Model 3 leasing to boost demand
Tesla sent an email to employees this week to let them know they will be able to lease Model 3 within the next
two weeks
https://electrek.co/2019/02/19/tesla-model-3-leasing/Historically leases for Tesla has been very expensive. For reference on the S and X below. I would expect the 3 to be similar.
• 0.002396 money factor (5.75% APR)
• acquisition_fee: $695
• 36 month residual: 49% 15k miles, 50% 12k miles, 51% 10k miles
• 24 month residual: 54% 15k miles, 55% 12k miles, 52% 10k miles
Residual already includes the federal incentive.
Tesla doesn’t have a captive finance arm to shift losses.