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Home Toyota

The Tesla Model 3 is now cheaper to lease than a Toyota Camry

January 5, 2025
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The Tesla Model 3 is now cheaper to lease than a Toyota Camry
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The 2024 Tesla Mannequin 3 RWD is now accessible for lease at a decrease price than the 2025 hybrid Toyota Camry, making it an interesting possibility for these out there for a sedan.

In accordance with CarsDirect, you’ll be able to lease the 2024 Tesla Mannequin 3 Customary Vary Rear Wheel Drive for less than $299 per 30 days over a 36-month time period, with a $3,993 fee required at signing. This ends in an efficient month-to-month price of $410, which is kind of cheap contemplating the Mannequin 3 has a producer’s advised retail value (MSRP) of $40,380.

In distinction, the redesigned Toyota Camry, which is now accessible solely as a hybrid providing as much as 51 MPG mixed, stays competitively priced. The LE mannequin will be leased for $359 per 30 days over the identical 36 months with a $2,999 signing charge. Though the Camry’s MSRP is decrease at $29,804, the efficient month-to-month price quantities to $442—an extra $32 per 30 days in comparison with the Tesla Mannequin 3. Moreover, choosing the Mannequin 3 means you gained’t have to spend on gasoline, enhancing your general financial savings.

For these contemplating the 2024 Tesla Mannequin 3 Lengthy Vary All Wheel Drive, there’s excellent news—the mannequin is now eligible for the total $7,500 federal tax credit score. Leasing this model prices $395 per 30 days for 36 months, together with $4,089 due at signing, leading to an efficient month-to-month price of $509. Notably, the Lengthy Vary AWD provides about 70 extra miles of vary than the Customary Vary mannequin.

If buying the Lengthy Vary mannequin is in your thoughts, it’s priced solely about $1,000 larger than the Customary Vary model, largely as a result of federal tax credit score. Nonetheless, it’s necessary to notice that Tesla has discontinued promotional financing choices for the Mannequin 3 Lengthy Vary following its eligibility for the tax credit score.

For these fascinated by discovering a Tesla Mannequin 3, you’ll be able to go to native sellers to test availability. Equally, inquiries will be made for the Toyota Camry.

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Tags: CamryCheaperLeaseModelTeslaToyota
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