Tesla allows leasing of Model 3

Tesla disclosed every car in its stable will feature its autopilot software. If ordered online, its lowest-priced Model 3 in the U.S. will cost only $39,500 for the Model 3 Standard Plus.

In a development that aims to attract more cash in its coffers and expand its customer base, Tesla Inc on disclosed it has begun leasing out its Model 3 sedan in the United States.

According to its statement, its U.S. customers will be able to lease any Model 3 variant for a small down payment and monthly payments thereafter; they will not have the option to buy the car at the end of the lease.

Tesla also stated, it would begin bundling its autopilot software as a standard feature on all of its cars and raise the base price. It would however drop the price for the entry-level Model 3 Standard if ordered online.

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

The company also said the Standard variant of Model 3 will now be a software-limited version of the Standard Plus, to simplify production.

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

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