Save in the Short and Long Term With a Tesla Model 3 Monthly Car Subscription
May 31, 2022
Save Today and Tomorrow With a Tesla Model 3 Monthly Car Subscription
Whether you’re looking to buy or lease, getting a car can be a hassle — not to mention the sourcing issues with a car as hot as the Tesla Model 3.
You might feel overjoyed if you’re finally handed the keys to one of these popular electric vehicles, but that joy will soon dissipate when you see how many additional charges come with the car. From title and registration to order and acquisition fees, these add-ons are not only common logistical hassles, but also often come with thousands of dollars in additional costs.
By contrast, some car subscription services cover those extraneous payments — and even expenses like routine maintenance. This kind of all-inclusive price modeling reduces line items and simplifies budgeting for the driver.
For Autonomy, a car subscription service specializing in EVs such as the Tesla Model 3, squashing traditional add-on expenses, including the order fee, acquisition fee, and agency fee, can mean saving drivers thousands of dollars upfront compared to a standard Tesla lease. Plus, because you’re not buying or leasing the car, there is no long-term debt and no long-term commitment with a subscription.
In addition to the upfront affordability and financial flexibility of a car subscription service, some companies allow subscribers to choose between different pricing plans to find a solution that works for their budget and situation.
Meet the Tesla Model 3 Pricing Tiers
Autonomy lets subscribers choose their price tier, setting their initial start fee and subsequent monthly subscription fee. This allows for customizable financing that fits the individual. The cost of an Autonomy subscription is the total of the start fee, the monthly payment, the sales tax, and a one-time $500 refundable security deposit. You get to choose whether you want a lower start fee and higher monthly payment or a higher start fee and lower monthly payment.
On one end of the spectrum, you can pay $490 per month after paying a $5,900 Start Fee. Don’t want to pay that much upfront? You can choose to skip the Start Fee entirely, followed by monthly payments of $1,000. With 10 price tiers to choose from, Autonomy allows drivers to pick the pricing structure that makes the most sense for them.
If you choose the lowest start fee, getting behind the wheel of a Tesla Model 3 with Autonomy can cost as little as $1,000 plus tax and security deposit. If you choose one of the higher start fees with lower monthly payments, you’ll pay anywhere from about $4,000 to $6,000 to start driving, depending on which specific pricing plan you choose.
Either way, choosing a car subscription is likely cheaper than what’s commonly due at signing for a Tesla loan or lease, which typically costs well over $6,000.
Save Over the Long Term With a Tesla Model 3 Subscription
But how do you know which price tier to choose? If you plan to drive your Autonomy Tesla Model 3 for the foreseeable future, the most cost-effective path is to invest in the largest initial fee, which tees you up to pay $490 plus tax each month for your subscription. Despite a larger upfront fee, this pricing model ends up savings drive money over the long term thanks to relatively small monthly payments.
The savings pile up when you consider the add-ons a Tesla Model 3 car subscription covers, such as roadside assistance, routine maintenance, worn tire, and cabin air filter replacement, and compartment checkups, all of which are included in the subscription. (Limitations apply.)
Beyond month-over-month affordability, Autonomy offers the flexibility to walk away from your car any time after three months with a 28 days notice. This is the mission that drives the company’s pricing model: to liberate drivers from long-term debt.
Choose the Tesla Car Subscription Pricing Structure That Makes Sense for You
Car subscriptions are not just about offering a better alternative to a 36-month lease or a 60-month loan.
In addition to providing streamlined flexibility and affordability, car subscriptions are creating a new kind of driving. What if you need a car for longer than a few weeks but not quite a whole year, never mind 36 months? Today’s pandemic-fueled transience and the shift to remote work are making this situation more common.
Historically, there haven’t been many options for someone looking to drive a car for a few months. Traditional car rentals aren’t structured to be affordable beyond a weeklong vacation, while leases typically come with a minimum two- to three-year commitment. Subscription services are meeting drivers in the middle with individualized solutions.
For example, Autonomy’s pricing plans are designed with every driver in mind, including those with short-term needs. With a minimum commitment of three months, you can drive a Tesla and pay $3,000 plus tax and security deposit for the entire three-month subscription. That is thousands of dollars less than you would pay for a rental.
If you don’t plan to keep your Tesla for very long, choose the lowest possible start fee to save money. If you intend to keep your Tesla for longer, it makes more sense to choose a higher start fee to keep your monthly payments as low as possible. Either way, it’s likely less expensive than if you were to lease a car from Tesla.
Customizable shorter-term subscriptions are a helpful option for anyone who wants to try out a Tesla Model 3 without the long-term commitment or debt of purchasing or leasing one of the electric vehicles.
By eschewing the traditional leasing and buying models and embracing electric vehicles and renewable energy, Autonomy gives you the keys to save money, access wheels on your schedule, and drive the country toward a greener future — for however long you want.
Baylor is an experienced storyteller working as a writer and editor for Sharp Pen with a background in journalism and media production. When not crafting tech communications, she writes and edits for online publications In The Know and Humor Darling. Baylor earned her BA at Brown University.