Tesla starts offering leases for Model 3

Tesla Inc on Thursday started leasing out its Model 3 sedan in the United States, in a financing option that would boost the automaker’s client base.

Tesla stated its clients in the United States would be able to lease any Model 3 variant for a small down payment and monthly payments thereafter, however, they will not have the option to purchase the car at the end of the lease.

Tesla stated that it would start bundling its autopilot software as a standard feature on all vehicles, raising the base cost, and would drop the entry-level Model 3 Standard from online ordering.

As a result, the lowest-priced Model 3 available for order on its online menu in the United States is currently the $39,500 Standard Plus, that includes Autopilot.

The company in February had presented its long-awaited $35,000 version of the car with a great display.

The company also stated the Standard variant of Model 3 is going to be a software-limited version of the Standard Plus, to simplify production.

As part of the modifications to its online ordering, Tesla stated the Model 3 Standard variant and the Model 3 Long Range Rear-Wheel Drive is going to be taken off the online ordering menu but will still be available for order by phone or through stores.