The Tesla Model 3 is now one of the top 10 leased vehicles in the U.S., marking the first time an EV has appeared among the top leased vehicles, according to credit report provider Experian.
In the second quarter of 2023, the Model 3 was the seventh most-leased vehicle in the U.S. The top leased vehicle was the Ford F-150 pickup truck, which is also the bestselling vehicle in the U.S.
Top 10 leased vehicles in the U.S. for Q2 2023 (via Experian)
Despite what this might suggest, Tesla leases aren’t cheap—or entirely competitive with ICE shoppers who might not be thinking about all the advantages in lower fueling/charging costs. The Tesla Model 3 is also the only model on that list in which leasing costs more per month than buying. Average monthly payments for a Model 3 lease were $741, compared to $679 for a loan taken out as part of a vehicle purchase. In comparison, average…
Read full article originally published on www.greencarreports.com