Year-End EV Deals On Tesla Model Y, Chevy Equinox EV, Mustang Mach-E Favor Lease Over Price
- by Forbes
- Nov 24, 2024
- 0 Comments
- 0 Likes Flag 0 Of 5
Share to Linkedin
AUSTIN, TEXAS - MAY 31: A Tesla Model Y is seen on a Tesla car lot on May 31, 2023 in Austin, Texas.
... [+] Tesla's Model Y has become the world's best selling car in the first quarter of 2023. (Photo by Brandon Bell/Getty Images)
Getty Images
Year-end deals on electric vehicles are starting to surface as Tesla and traditional car dealers take advantage of the federal tax credit while it’s still available and throw in their own incentives. Deals are favoring leases over the sticker price of an EV. (As of the last week of November 2024.)
Tesla Model Y lease — $299/month, Model 3 parity
With Tesla Model Y 2025 models now being delivered, it’s a good time to take a close look at leasing. While 0% APR snags headlines, leases are equally compelling. Tesla has reduced the Model Y Long-Range Rear Wheel Drive lease to $299 a month (before taxes and fees) bringing it in line with the Model 3 lease. And leasing for the popular All-Wheel Drive version is $399 a month. That’s with $2,999 down and 10,000 miles per year. (The $7,500 federal tax credit is worked into the lease over the term of the lease.) That is a pretty compelling deal considering what you get with a Tesla, including access to the best public charging network in the U.S. and standard Autopilot. Full Self Driving, or FSD, Tesla’s most advanced autonomous ADAS driving technology, is also available as an option. FSD is considered to be heads and shoulders above competing technologies. Additional goodies include: take delivery by December 31 to receive 3 months of FSD (Supervised) and Supercharging. This applies to both the Model Y and Model 3.
Tesla Model 3: one big bonus over Model Y
The Model 3 lease is actually the same as the Model Y — at the moment. And the Model 3 is also offered with 0% APR like its cousin. Typically the Model 3 lease is priced below the Model Y but right now it’s at parity — starting at $299/month. But you do get a big bonus: you get an updated Model 3 “Highland” (previous codename for update) with all the improvements that are expected to come to the Model Y later in 2025. That includes a sleeker look, better/quieter ride, and better performance, among other upgrades.
Chevy Blazer EV: $176/month deals on AWD trims
While there has been a lot of chatter about the Chevy Equinox EV (see below), dealers are also offering good lease deals on the Blazer EV. And some are on the higher-end RS all-wheel drive trims. In Los Angeles, for example, dealers are offering $176/month lease for 24 months and 10,000 miles/year with $2,676 due at signing. And that is for the higher end 2024 Blazer EV RS AWD trim. The Blazer RS AWD has a rated range of 279 miles.
Chevy Equinox EV: hard to beat lease
The Chevy Equinox EV has quickly become a big seller for General Motors, as GM CFO Paul Jacobson mentioned at the Barclays 15th Annual Global Automotive and Mobility Tech Conference this past week. At least some of that has to do with available deals. Leases for the 2024 Equinox EV 2LT FWD start at a hard-to-beat $84/month for 27 months and 10,000 miles/year with $2,584 due at signing. The 2LT FWD model boasts a rated range of 319 miles.
MORE FROM
Please first to comment
Related Post
Stay Connected
Tweets by elonmuskTo get the latest tweets please make sure you are logged in on X on this browser.
Sponsored
Popular Post
Middle-Aged Dentist Bought a Tesla Cybertruck, Now He Gets All the Attention He Wanted
32 ViewsNov 23 ,2024
Tesla: Buy This Dip, Energy Growth And Margin Recovery Are Vastly Underappreciated
28 ViewsJul 29 ,2024