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Leasing 2024 Inventory Is Now an Amazing Deal (Like $9k Cheaper)

If you’ve been considering getting a Tesla Model 3 but aren’t eligible for the $7,500 federal EV tax rebate, now might be the perfect time to act. Thanks to Tesla’s low residual value for 2024 inventory models, leasing offers an incredible opportunity to save. Here’s the breakdown and why this deal is worth a second look.

The Big Picture: Why 2024 Inventory Models Are a Great Deal

Tesla has marked the residual value of a 2024 Model 3 about $5,000 lower than that of a 2025 model. This difference, combined with inventory discounts and the leasing price structure, results in significant savings—up to $9,000 compared to buying a 2025 model outright.

For those who aren’t eligible for the tax rebate, this leasing opportunity effectively delivers similar savings without relying on federal incentives.

The Math Behind the Savings

Here’s a closer look at the costs, based on Tesla’s Long Range AWD Model 3 with free exterior and interior colors. Note that these calculations are approximate and may vary based on your location, taxes, and fees.

2024 Model Inventory

  • Cash Price:
    $42,740 (after $4,750 inventory discount) + $6,116 (taxes and fees) = $48,856 OTD

  • Lease with Buy-Out (15k miles/year):
    $2,523 (initial fees) + $473/month × 36 months + $22,948 (residual value) × 1.09 (tax) + $350 (buy-out fee) = $44,914 OTD

    Savings: Leasing saves $3,942 compared to cash purchase of a 2024 model.

2025 Model

  • Cash Price:
    $47,490 + $6,556 (taxes and fees) = $54,046 OTD

  • Lease with Buy-Out (15k miles/year):
    $2,619 (initial fees) + $538/month × 36 months + $27,862 (residual value) × 1.09 (tax) + $350 (buy-out fee) = $52,707 OTD

    Savings: Leasing saves $1,339 compared to cash purchase of a 2025 model.

The $9,000 Difference

When you compare the 2025 cash price ($54,046) with the 2024 lease + buy-out total ($44,914), the savings are clear: $9,132 saved by choosing the 2024 inventory model.

What’s the Catch?

If you do qualify for the $7,500 federal tax rebate, the financial equation changes. In such cases, a cash purchase of a new model (2024 or 2025) may still offer better long-term value. However, for those not eligible for the tax rebate, leasing a 2024 inventory model is an outstanding alternative.

Other Considerations

  • Opportunity Cost: Leasing means paying the residual value three years later, which could affect your cash flow depending on your financial priorities.
  • Inventory Availability: Not all areas may have 2024 inventory models available, so check Tesla’s inventory near you.

Conclusion: Act Fast on 2024 Inventory Models

For buyers who aren’t eligible for the tax rebate, the low residual value and inventory discounts on 2024 Tesla Model 3s make leasing a no-brainer. With up to $9,000 in savings, it’s an excellent deal for anyone in the market for a Tesla. Check your local inventory and crunch the numbers—you might just drive away with a steal.