When many people hear talk of electric cars, the first one that usually pops to mind is the Tesla. It’s clear to see why, with it being one of the first major electric car brands to get the full attention and interest from Australians as well as the world.
More and more Australians are jumping on board, with sales and leases involving the electric vehicle giant’s Tesla Model 3 and Model Y electric cars growing in recent years - helping the Model Y stand tall among the top 10 best selling vehicles of the 2023. However, the price point has continuously caused caution for some.
Financing options such as novated leasing help make owning a Tesla better, but Tesla themselves have just recently announced three price cuts to their range of vehicles in Australia in a two-month span. Let’s look into the details and see what it means for you.
The details of the tesla price drop
Announced on the 4th of April 2024, the 2024 Tesla Model Y range saw a planned price drop in multiple areas. Then, less than three weeks later another announcement from Tesla revealed further cuts.
The cuts didn't stop there, however - just a month later, Tesla announced a third price cut to a wide range of their Tesla Model Y and Tesla Model 3 vehicles. The prices are now as follows:
The Tesla Model Y Rear-Wheel Drive (RWD) has seen a $9,500 price cut - down from $65,400 to the new price of $55,900.
The Tesla Model Y Long Range has seen a $8,500 price cut - down from $78,400 to the new price of $69,900.
The Tesla Model 3 Rear-Wheel Drive (RWD) has seen a $7,000 price cut - down from $61,900 to the new price of $54,900.
The Tesla Model 3 Long Range has also seen a $7,000 price cut - down from $71,900 to the new price of $64,900.
These prices include luxury car tax (LCT) where applicable, but still exclude the on-road costs as well as order and delivery fees. This differs from the information on the Tesla website due to them not including the LCT in their model prices.
What the tesla price drop means for you and how to make the most of it with a novated lease
With even steeper price drops, owning a Tesla in Australia has become an even more achievable reality. This move is expected to shake up the Australian EV market as it provides potential savings for buyers and strengthens the appeal of Tesla's advanced and environmentally-friendly vehicles.
This price drop helps Australian workers interested in getting a Tesla through a novated lease as well. When you couple Tesla's price drop with the advantages of a novated lease, you're looking at a potentially superb value proposition.
Novated leases offer the possibility of convenient, budget-friendly payments which, when paired with the lower up-front cost of a Tesla, could lead to significant savings. Moreover, having a novated lease can simplify car ownership, with costs like insurance, registration, and maintenance often included in the lease.
With reduced Tesla Model Y pricing, novated leasing also comes in at a reduced weekly cost - making for an easier bar for entry than ever before. There is the possibility of saving upwards of $8,000 or more with a Tesla novated lease compared to buying outright - meaning you could save 8 per cent or more on the overall costs over 5 years.
Easi, your tesla novated lease specialists
If you’re interested in getting a Tesla of your own - whether it’s the RWD (rear wheel drive) Model Y or a long range AWD (all wheel drive) Model Y - look no further than Easi.
Our team of novated leasing specialists have many years of experience with helping employees Australia-wide to get the vehicle they want at a price that works for them. Our range of Teslas - and other electric vehicles - can be yours for the price of a Corolla. If that sounds good to you, get in touch with us today to find out more!
Try our novated lease calculator to see how much you can save!
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