For the most part, new electric cars are expensive, so any savings are wonderful. First reported by driveteslacanada, Tesla is cutting thousands of dollars off the list prices of in-stock Model 3 sedans. Tempting, right? If you have a keen eye and do some digging, you could score a bit of a bargain. However, as you might expect, there are a couple catches here.
Firstly, Tesla is only discounting Model 3 units currently in inventory. If you wish to place a custom order, you’ll be out of luck on the savings. Likewise, inventory is limited, so once these cars are gone, the deals are likely gone too. If you’re looking for them on the Tesla website, you’ll have to click on the inventory tile, not the individual model tile, for specific discounted cars won’t show up on the configurator.
The second catch is that discounts can vary wildly depending on trim and even each individual vehicle, so let’s start with the base rear-wheel-drive trim. A cursory look of examples available in the Los Angeles area shows discounts as high as $3,460 and as low as, well, nothing. If you’re diligent, you can score a base Model 3 for just north of $38,000, and the federal $7,500 tax rebate knocks that under $31,000. Even as someone who isn’t particularly fond of the Model 3’s materials, ride quality, and infotainment, I must say that’s a hell of a bargain for something built for North America’s most reliable coast-to-coast charging network.
As you might expect, stepping up to the Long Range Dual Motor model ratchets up both the price tag and the discounts over the base trim. On this model, price cuts north of $5,000 seem fairly routine, dropping MSRP down to the mid-40s. That’s a big price jump over the base Model 3, but it still represents solid savings. Likewise, in-stock top-dog Model 3 Performance models also see discounts north of $5,000, such as the $5,320 discount on this Midnight Silver Metallic example.
Oh, and don’t think I’ve forgotten about my neighbors in the Great White North. Looking around Toronto, I’m seeing less than $3000 Canadian off the sticker prices of in-stock base models and varying discounts of between nothing and $6,760 Canadian on dual-motor models. These aren’t the best discounts considering how Canadian Model 3s carry a four-figure premium over American models, but every bit helps.
So why would Tesla discount models in inventory? Why, for the same reasons a traditional dealership model discounts on-the-lot models, of course. Sure, Tesla cut out the middleman, but this is still retail we’re talking about. Aged units are expensive to keep around, so those will often be discounted first. However, the reason everyone’s hoping the discounts exist for is Project Highland. Yes, more than six years into production, the Model 3 is allegedly getting a facelift. It’s about damn time, right?
(Photo credits: Tesla)
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