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Here’s why the Tesla Model 3’s lease deal is way better than the FIAT 500e’s

The 2024 FIAT 500e MSRP is $6,500 cheaper than the Tesla Model 3, yet it costs $100 per month less to lease the Model 3 – here’s why.

Stellantis-first-EV-US
2024 Fiat 500e (Source: Stellantis)

The folks at CarsDirect did some lease comparisons between a Tesla Model 3 and a FIAT 500e. Based on a down payment of $3,409 in FIAT’s online payment estimator, the 2024 FIAT 500e is listed at $414 per month for a 36-month lease. That assumes an MSRP of $34,095 and 10,000 miles a year but doesn’t include the first month’s payment, bringing the amount at signing to at least $3,819, but before the acquisition fee. The FIAT’s effective cost comes out to $520 a month.

Compare that to the 2024 Tesla Model 3 Standard Range, which is listed at $299 a month, with $2,999 at signing for 36 months, 10,000 miles a year. The Model 3’s effective cost is $382 a month. It has an MSRP of $40,630 which is higher than the FIAT 500e’s MSRP by $6,535.

The FIAT 500e has a range of 141 miles. The cheapest Model 3 has a range of 272 miles, plus you of course get access to Tesla Superchargers.

The FIAT 500e doesn’t qualify for the IRA tax credit, and there’s some lease cash quirks: CarsDirect reported in April that Stellantis Financial is offering the 2024 Fiat 500e with $7,500 in lease cash, but Chrysler Capital is offering it with just $3,750. 

So if it’s practicalities and cost be damned because you’re in love with the FIAT 500e’s retro styling, make sure you hustle to get the best lease cash deal.

Click here to find a local dealer that may have the Tesla Model 3 in stock.–affiliate*

Top comment by ButteredToast

Liked by 14 people

Ok, but the Model 3 won't fit in my garage. It's time for Tesla to make a small hatchback already.

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Click here to find a local dealer that may have the FIAT 500e in stock.–affiliate*

Read more: I just swapped a Tesla Model 3 for a Model Y and Elon Musk’s brutal layoffs ruined the experience


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Avatar for Michelle Lewis Michelle Lewis

Michelle Lewis is a writer and editor on Electrek and an editor on DroneDJ, 9to5Mac, and 9to5Google. She lives in White River Junction, Vermont. She has previously worked for Fast Company, the Guardian, News Deeply, Time, and others. Message Michelle on Twitter or at michelle@9to5mac.com. Check out her personal blog.


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