You Can Lease A Used Tesla For Cheap, And That's Not Good News For Tesla - Jalopnik


You Can Lease A Used Tesla For Cheap, And That's Not Good News For Tesla - Jalopnik

Did you know that you can lease a used car? It's not exactly common, but it is possible, and now you can take the plunge on a pre-owned Tesla Model 3 or Model Y. It appears that you have to live in California or Texas, however, but the deals are pretty tasty: zero down and monthly payments as low as $225, according to The Drive (citing Tesla's X account), although I found a Model 3 with about 73,000 miles that Tesla appears to be leasing for $127 per month. The terms are 24 months, with mileage capped at 10,000 miles.

This is actually good news for consumers, who now have another way to pick up a used EV. It's not good news for Tesla, of course. As The Drive pointed out, the company probably has a lot of pre-owned inventory that it's trying to get rid of. Customers who go for the deal will also face a $2,000 delivery fee and a two-to-three week wait for their car in California with a lower fee in Texas ($500 for Dallas, nothing for Houston) but still a multi-week delay for delivery. One could look at this as yet another example of Tesla's travails amid declining sales and a sliding stock price. I prefer to see it as the company exercising its pricing power, as it has often done in the past.

Previous articleNext article

POPULAR CATEGORY

corporate

13459

tech

11464

entertainment

16817

research

7876

misc

17668

wellness

13635

athletics

17881