Why Skip the $200 Used Tesla Lease Trap and Lease a New Model 3 Instead

Why Skip the $200 Used Tesla Lease Trap and Lease a New Model 3 Instead

You might have seen those eye-catching ads for used Tesla leases at just $200 a month. It sounds like a steal, right? Think again. Those deals are a thing of the past, and right now, they're not as good as they seem. In fact, stacking up the numbers, it's often smarter to lease a brand-new Model 3 for mid-$200s to $300 a month.

I saw a great post from DJ breaking this down, and it reminded me of last year's crazy low lease deals on used Teslas—some as low as the low $200s. But today? The cheapest used lease I could find is $305/month for a 2021 Model 3, and that's with $2,000 down. Ouch.

Used Tesla Leases: The Pros (and Big Cons)

Sure, there are some upsides to used leases:

• Shorter terms: You could opt for 1-2 years instead of longer commitments (though the minimum now seems to be 2 years).

But let's be real—the cons outweigh them:

• Higher down payment and monthly costs creeping up.
• Older tech: Hardware 3 (HW3) vs. the latest Hardware 4 (HW4) in new models.
• Warranty worries: Less coverage, potential maintenance headaches.
• Financing pitfalls: If you finance a used one, interest rates can be sky-high.

Why a New Model 3 Lease Wins Every Time

New leases start at $260-$350/month (with around $3,000 down for the best rates). Here's why it's worth it:

• Latest technology: HW4, plus Full Self-Driving (FSD) for just $100/month subscription.
• Full warranty: Bumper-to-bumper up to 50,000 miles—perfect for 2-3 year leases with 15,000 miles/year.
• Peace of mind: Take it straight to Tesla for fixes, no questions asked.

Yes, insurance might be a tad higher, and there are more upfront fees. But the value? Unbeatable.

| Feature | Used Lease (e.g., 2021 Model 3) | New Model 3 Lease | |----------------------|---------------------------------|-------------------| | Monthly Payment | $305+ ($2K down) | $260-$350 ($3K down) | | Lease Term | 2 years min | 2-3 years | | Tech | HW3 | HW4 + FSD option | | Warranty | Limited | Full 50K miles | | Overall Value | Meh | 🔥 Winner |

Pro Tip: Use a Referral Code

Placing your order? Don't forget a Tesla referral code like the one in the description below. Score 3 months of free FSD or killer low rates like 0.99%! Link here.

Upgrading and selling your current Tesla? Check out Plug—they offer the highest payouts we've seen (up to $6K more than others), nationwide buying, offers in 15 minutes, and close in 2 days. Link here.

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Bottom line: Skip the used lease hype. Go new for the tech, warranty, and real savings long-term. What do you think—leasing new or buying used? Drop a comment below!

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