Advice on Tesla Model Y

[Transform_IT]

Hi all,

I am in the process of looking for a Tesla. My current commute to work is costing me roughly £200 a month in fuel and I feel the cost saving is justifiable with the Tesla. Not to mention I drove a friends and test drove a M3 and MY and loved them both. Now, here is my predicament and I am looking for advice on the following options:

Tesla
Ex Demo Model Y (5,600 miles and 4 year warranty) - 12,000 miles a year over 48 months - £370 a month with a £3,000 deposit (0% PCP)
Brand New Model Y - 12,000 miles a year over 24 months with £3,940 upfront - £416 a month (PCH)

CarSuperMarket
Used 2021 Model 3 (20,000 - 31,000 miles - difference stock available) - 12,000 miles a year over 48 months - £240 - £295 a month with a £3,000 deposit (0% - 11.6% PCP dependant on vehicle)

*EDIT* Which would be the better option? I am swaying towards the Ex-Demo Model Y, but I am interested to hear your thoughts and similar experiences?

Thanks,

T_IT.

 

[Transform_IT]

Financially, none of them make any sense. You'd be much better off buying a cheaper car like a second hand diesel Skoda Octavia, paying as much as you can outright. Then you would be saving money on your motoring costs.

With PCP plan monthly payments you aren't paying anything towards the cost of the car, you are just hiring it.

Apologies for the confusion. Edit OP to change the question slightly. I want to purchase one of them, but I am wondering which would be the most logical.

 

[Transform_IT]

I get the feeling the OP wants advice on which PCP/PCH option would be cheaper. However, in terms of being a good financial decision, these are both complete non-starters.

This is what I was asking.

I am currently driving a 2012 VW Passat Estate. I want a newer/modern car with a full warranty, technological advancements, etc. I have driven around in older cars for many years and now want to treat myself. My monthly fuel cost is approximately £200, and I anticipate that on the Octopus EV tariff, I will be able to offset a good portion of that, meaning I am technically paying less overall.

What I am asking is what would be best out of the 3 options?