Tesla is pulling out all the stops to sell as many cars as possible before the federal tax credit expires at the end of the quarter. The company has just introduced a tempting lease deal for its high-performance Model 3, which boasts speed comparable to cars priced at three times its cost.
To ensure the Model 3 Performance trim stays under the $55,000 price threshold—qualifying it for the full $7,500 federal tax credit—Tesla is now offering any color for free, including options like the valued Ultra Red, typically priced at $2,000. This is a significant incentive alongside zero interest rate financing available with a Full Self-Driving (FSD) purchase, or the enticing offer of free Supercharging for the first 18 months.
Recognizing that leasing is a popular choice among Tesla enthusiasts, the company has unveiled a Model 3 Performance lease deal where customers pay $3,000 down and $699 per month, incorporating the federal tax credit. This includes the coveted Ultra Red paint and white interior combo. Though $699 may initially seem steep, it’s a remarkable offer for a Performance model that can accelerate from 0-60 mph in just 2.9 seconds. Given that the average monthly car lease in the US is $745, sports sedan fans are getting exceptional value for their investment.
With these Performance trim lease and color deals, Tesla continues its extensive promotional efforts for the Model 3, showcasing a wide range of incentives to attract buyers. The deals include 0% APR financing with FSD purchase, 2.49% without FSD, a $299/month lease for the Model 3 RWD, and various freebies like Supercharging, color options, and upgrades on inventory units.
Despite the hefty monthly lease, the Model 3 Performance remains a benchmark for affordable sports sedans. It’s even more appealing when compared to direct competitors like the newly announced Hyundai Ioniq 6 N, which is slower and pricier. Tesla is poised to see increased interest before the tax credit ends on September 30, 2025.
