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.

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*

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

---

If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –ad*