May 30th, 2024
The 2024 Tesla Model 3 is the third generation of Tesla’s EV technology, offering a blend of performance, range, and innovative features. With the Tesla Model 3 price in Australia starting at around $60,000 for the standard model and going up for the long-range and performance versions, it’s essential to consider how you’ll finance this investment.
The Model 3 offers an exceptional range, with the long-range version boasting up to 629 kilometres (WLTP) on a single charge. In 2024, the Model 3 introduces two new colours, Stealth Grey and Ultra Red, adding more choices for buyers looking for customisation.
Models available in Australia include:
Tesla, Inc. is a pioneering American company known for revolutionising both the automotive and clean energy industries. Headquartered in Austin, Texas, Tesla designs and manufactures electric vehicles (EVs), along with cutting-edge energy storage solutions ranging from home batteries to grid-scale systems, as well as solar panels and solar roofing products.
Originally founded in 2003 by Martin Eberhard and Marc Tarpenning, the company takes its name from famed inventor Nikola Tesla. Elon Musk, initially an early investor and board member, became CEO in 2008 and has since propelled Tesla to global prominence.
Beyond cars, Tesla is committed to sustainable energy solutions, helping shape the future of transportation and power generation.
The Tesla Model 3 name has a quirky backstory, and it’s no surprise given Elon Musk’s sense of humour. Originally, Tesla’s plan was to name its lineup of cars in a way that spelled out something cheeky—SEX or SEXY. (Note, this idea only came after the arrival of Model S and Model X). Yep, Musk wanted the Model S, Model E, and Model X (and later the Model Y) to create a fun, not-so-subtle acronym.
The Model 3 was codenamed BlueStar back in Tesla’s 2007 business plan, set to be the brand’s affordable, mass-market option. But then Ford came along and said, “Hold on a second,” claiming they had dibs on the Model E name. Rather than get bogged down in a legal battle, Tesla got creative. Elon’s solution? Flip the E backward, turning it into a 3. Problem solved, and the Model 3 was born, still keeping the “S3XY” idea alive—though a bit sneakier!
Before it became the Model 3, it was actually called "Gen 3" or "Generation 3" because it marked Tesla's third major vehicle project. But let’s be honest, Gen 3 doesn’t have the same ring to it.
So next time you hop into your Model 3, just remember—it’s part of a bigger, slightly mischievous plan to make Tesla’s lineup truly "S3XY."
Unlike many other EVs that resemble gasoline cars retrofitted with electric engines, the Tesla Model 3 stands out as a car specifically designed for electric performance. Its sporty, streamlined design and polished exterior offer a sleek aesthetic, with an iconic front profile that's instantly recognisable.
The Tesla Model 3 Performance Sedan AWD, (the flagship model of this series), is powered by Tesla's advanced electric drive unit, delivering 343 kW of peak power. This allows the Model 3 to accelerate from 0 to 100 km/h in just 3.1 seconds with a top speed of 261 km/h, making it one of the fastest cars in its class. The adaptive damping system ensures optimal handling and comfort, whether on winding roads or highways.
The Long Range model has an acceleration of 0-100 km/h in 4.4 seconds.
The Rear-Wheel Drive model, with the lowest entry point, can accelerate from 0-100 km/h in 6.1 seconds.
The Tesla Model 3 2024 comes equipped with advanced safety features such as:
The Tesla Model 3 Aug 2019 - Dec 2023 builds earned a five-star overall safety rating from ANCAP, after testing in 2019.
However, Australian authorities are currently investigating the 2024 Tesla Model 3 for a possible breach of motor-vehicle compliance rules in regard to its child-seat anchor point. As a result, on ANCAP, the Model 3 is currently marked as ‘unrated’ on its website.
All new Tesla vehicles built after September 2014 include Autopilot as standard. Autopilot includes eight cameras, powerful neural net processing, and impressive processing capabilities to understand visual and physical sensor information in a matter of milliseconds to make driving safer. The base features include Traffic-Aware Cruise Control (which matches the speed of your vehicle to surrounding traffic) and Autosteer (assists in steering within a marked lane, works with traffic-aware cruise control to also manage speed).
While using Autopilot, it remains your responsibility to stay alert, drive safely and be in control of your car at all times.
The Tesla Model 3 battery capacity ranges from 54 kWh in the standard range model to 82 kWh in the long-range version. Charging the Model 3 is simple with Tesla's extensive Supercharger network across Australia. On average, it takes about 7-8 hours to fully charge using a standard home charger, while a Supercharger can provide up to 80% charge in just 30 minutes.
Wondering how many kWh it takes to charge a Tesla Model 3? On average, charging the Tesla Model 3 from 0% to 100% requires around 60 kWh of electricity, depending on the specific model.
The Tesla Model 3 interior is designed with luxury and innovation in mind. It features a 17-speaker audio system, an 8-inch rear touchscreen, and ventilated front seats.
The wireless charging feature allows you to charge two phones simultaneously, and the all-glass sky roof lets natural light flood the cabin while protecting passengers from harmful UV rays. The glass roof panel also provides a great viewing experience for passengers to see the stars at night.
Some features of the Tesla Model 3 can be controlled easily straight from your phone. On top of tracking your car’s battery load and preconditioning your cabin for a pleasant climate the moment you sit in your vehicle, Model 3 owners can remotely flash, honk, or start the car.
You can also defrost your vehicle in the winter, provide smart protection against overheating, and plan your route with charging stops.
Tesla offers a variety of customisation options for the Tesla Model 3. You can select from six colours, including Pearl White Multi-Coat (which comes standard) and Ultra Red.
Non-standard colours come with added costs.
For those looking to upgrade, options such as 19” Nova Wheels or the Black and White interior trim add to the luxury feel.
Tesla offers a variety of customisation options for the Tesla Model 3. You can select from six colours, including Pearl White Multi-Coat (which comes standard) and Ultra Red.
Non-standard colours come with added costs.
For those looking to upgrade, options such as 19” Nova Wheels or the Black and White interior trim add to the luxury feel.
Additionally, a range of Tesla Model 3 accessories are available, from all-weather floor mats to mud flaps, roof racks and more. The collection covers accessories for the interior, exterior, wheels and tires, floor mats, parts and keys.
Shop for Tesla Model 3 Accessories here.
| Feature | Tesla Model 3 Long Range 4WD | Tesla Model 3 Rear-Wheel Drive | Tesla Model 3 Performance 4WD |
|---|---|---|---|
| Drive | Dual Motor | Rear-Wheel Drive | Dual Motor |
| Battery | Long Range | Standard Range | Long Range |
| Range (WLTP) | 629 km | 513 km | 528 km |
| Acceleration (0-100 km/h) | 4.4 s | 6.1 s | 3.1 s |
| Drive Type | All-Wheel Drive | Rear-Wheel Drive | All-Wheel Drive |
| Weight (kg) | 1824 | 1761 | 1854 |
| Cargo (litres) | 682 | 682 | 682 |
| Wheels | 18" or 19" | 18" or 19" | 20" Warp Wheels |
| Seating | 5 Adults | 5 Adults | 5 Adults |
| Displays | 15.4" Center, 8" Rear | 15.4" Center, 8" Rear | 15.4" Center, 8" Rear |
| Ground Clearance (mm) | 138 | 138 | 128 |
| Overall Width (Folded mirrors) | 1,933 mm | 1,933 mm | 1,933 mm |
| Overall Width (Extended mirrors) | 2,089 mm | 2,089 mm | 2,089 mm |
| Overall Height (mm) | 1441 | 1441 | 1431 |
| Overall Length (mm) | 4720 | 4720 | 4724 |
| Track (Front) | 1584 | 1584 | 1582 |
| Track (Rear) | 1584 | 1584 | 1560 |
| Supercharging Max (kW) | 250 | 170 | 250 |
| Charging Speed | Up to 282 km in 15 mins | Up to 282 km in 15 mins | Up to 282 km in 15 mins |
| Basic Vehicle Warranty | 4 years or 80,000 km | 4 years or 80,000 km | 4 years or 80,000 km |
| Battery & Drive Unit Warranty | 8 years or 192,000 km | 8 years or 160,000 km | 8 years or 192,000 km |
If you’re considering the Tesla Model 3, a mid-sized EV vehicle with a lower entry point, then the next model of Tesla’s offering that you will probably be most interested in is the Model Y.
The Tesla Model 3 and Tesla Model Y share many similarities, as both are built on the same platform, but there are key differences:
Torn between the Tesla Model 3 vs Model Y?
In short, the Model Y offers more interior space and is better suited for families or those needing extra cargo room. However, the Tesla Model 3 is more compact, making it ideal for city driving and those looking for a sportier ride.
All Tesla models offer cutting-edge technology, zero emissions, and innovative features. The right model for you will depend on your needs:
Note: The Tesla Model S and X are currently not on the Australian market.
| Model | Vehicle Subtotal | Drive Away | Price After Estimated 5-Year Fuel Savings |
|---|---|---|---|
| Rear Wheel Drive | $56,700 | $59,818 (incl fees) | $55,318 |
| Long Range Drive | $66,700 | $70,318 (incl fees) | $65,818 |
| Performance | $82,700 | $87,118 | $82,618 |
Added fee costs include: Luxury Car Tax (if applicable), Local Stamp Duty, Local Registration Costs, Local CTP, and Local Plate Fee.
Additional costs apply for colours other than Pearl White Multi-Coat, 19” Nova Wheels, White Interior, and advanced safety features such as Enhanced Autopilot or Full Self-Driving Capability.
Purchasing a Tesla Model 3 represents a significant investment, and financing options can help make owning a new Tesla Model 3 more accessible. Here are several popular options for securing a car loan for a Tesla Model 3 in Australia:
With LoanOptions.AI, you can compare car loans for personal or business use from over 75 lenders with our proprietary loan-matching AI technology. Through our latest version, LO V3.0, our AI loan matching process time has become 50% faster.
If you’re considering financing, here's how to get a loan for a Tesla Model 3:
*More terms and conditions may apply based on the loan and vendor.
Note: L-platers and P-platers are not allowed to drive the Tesla Model 3, as it is considered a high-performance vehicle.
Getting a car loan for the Tesla Model 3 through LoanOptions.AI is simple. Start by visiting our car loan comparison tool, enter your details, and we'll present you with a range of loan options tailored to fit your needs and increase your chances of approval.
Powered by AI, our car loan comparisons go beyond just interest rates. We take into account additional costs, loan terms, duration, and intended use, offering you greater clarity and support in making financial decisions. The AI also makes it easier to input your details and securely compares loan options to help you make the most of your personal financial situation and find the best deal.
With this quick process, combined with our knowledgeable finance brokers, we ensure you get the best loan for your Tesla Model 3 based on your unique financial situation.
The Tesla Model 3 is a top choice for those looking for an eco-friendly, high-performance vehicle. With zero emissions, cutting-edge technology, and a sleek design, the 2024 Tesla Model 3 continues to lead the EV market in Australia.
Ready to take the next step? Compare Tesla Model 3 loan options today to find the financing solution that best fits your needs.
At LoanOptions.AI, our goal is to give you more control over your finances so you can focus on what matters most to you. We’re more than just an AI-powered loan calculator; we're backed by a team of financial experts here to help you every step of the way.
Speak with a real person by calling 1300 060 684.
Julian Fayad
12:37pmDec 20th, 2024
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