Lease deals on tesla (model Y) seem cheap?

Buffman

Buffman

Buffman

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Saw that I can get a model Y tesla for £350 a month which seems very cheap, am I missing something?

Insurance is £1000 a *year* which is far more than my 180bhp 2017 seat leon (circa £350) but still seems OK ish. Is there anything I'm missing here?


Reason I'm considering bigger is I have 1 kid and a big dog. I can't fit in the passenger seat with the baby and laugh below at how cosy the dog is in the boot...

Personally I'm not that bothered about electric but as long as it can do 300 miles at 80mph that's fine. I wouldn't buy a tesla and would rather lease as I've heard they're quite expensive (to fix) plus don't want the depreciation. Only do about 6k miles a year currently.

I don't like the fact it doesn't have android auto.

Please tell me anything I'm missing about the car and /or leasing. Are there better alternatives? Yes I agree Musk is a ****!

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Buffman said:
Saw that I can get a model Y tesla for £350 a month which seems very cheap, am I missing something?

Insurance is £1000 a *year* which is far more than my 180bhp 2017 seat leon (circa £350) but still seems OK ish. Is there anything I'm missing here?


Reason I'm considering bigger is I have 1 kid and a big dog. I can't fit in the passenger seat with the baby and laugh below at how cosy the dog is in the boot...

Personally I'm not that bothered about electric but as long as it can do 300 miles at 80mph that's fine. I wouldn't buy a tesla and would rather lease as I've heard they're quite expensive (to fix) plus don't want the depreciation. Only do about 6k miles a year currently.

I don't like the fact it doesn't have android auto.

Please tell me anything I'm missing about the car and /or leasing. Are there better alternatives? Yes I agree Musk is a ****!
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Bad news:
- 12 months deposit, so £4200 up front to get the £350 a month..
- 300 miles @ 80 - unlikely, 300 miles in summer (best time for battery efficiency) at 70mph might get you close.

Good news:
- Android auto isn’t really needed, Tesla have (probably) the best software out there, you can get android auto/carplay via a work around using a dongle and browsing to a web page..
- Tesla’s charging network and ease of planning make it relatively it’s one of the best for having to public charge.
- There is no servicing of a Tesla, other than tyres..

If you aren’t bothered about electric, the Kodiaq has some cheap deals on it at the moment..

Doing 6k miles a year, why waste potentially £14700 over 3 years leasing a car, just buy something petrol/dieseln but secondhand that is still in warranty?
 
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Seems a lot of money really just because of a baby seat. Your baby will have outgrown its seat in a year anyway and will be forward facing by 3. My son was on a booster seat by the time he got to 4 years old.

Wasting 14 grand on a Tesla that you will not even own seems mad.

A 5 year loan 15-20k would be around £350 a month and you will actually own the car. Plenty of decent motors in that price point.

That room in the back is honestly not even that bad for that dog. He looks happy tbh!
 
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Demon said:
Bad news:
- 12 months deposit, so £4200 up front to get the £350 a month..
- 300 miles @ 80 - unlikely, 300 miles in summer (best time for battery efficiency) at 70mph might get you close.

Good news:
- Android auto isn’t really needed, Tesla have (probably) the best software out there, you can get android auto/carplay via a work around using a dongle and browsing to a web page..

If you aren’t bothered about electric, the Kodiaq has some cheap deals on it at the moment..

Doing 6k miles a year, why waste potentially £14700 over 3 years leasing a car, just buy something nice but secondhand that is still in warranty?
Click to expand...
I thought it's just 12 months up front rather than 12 deposit + 350 a month?

Hmm I might have a look at kodiaq lease as I was looking at the. For a nicer couple year old example it looked like it was Gonna be circa £25 to £30k used.

The no MOT / maintenance of a lease appeals. Currently we only have 1 car in the family which I don't think we will change (neither of us commutes by car)
 
Buffman said:
I thought it's just 12 months up front rather than 12 deposit + 350 a month?
Click to expand...

You'll often lease deals described in terms like 12+35, which means the first payment is equivalent to 12 regular monthly payments. Then you have 35 regular payments after that first big one. It's not that you're paying the first 12 in one go.

What this means is you'd be paying 47x350 in total.

Structuring it like this means they can advertise BRAND NEW TESLA ONLY £350pm with a massive first payment that means on average it's really more like £450pm

Edit - also, I don't think that lease includes maintenance, so you'd still be paying for your own servicing and consumables like tyres, to whatever extent is required. Not all leases are an all inclusive type deal, so don't make your decisions on that assumption.
 
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Kenai said:
You'll often lease deals described in terms like 12+35, which means the first payment is equivalent to 12 regular monthly payments. Then you have 35 regular payments after that first big one. It's not that you're paying the first 12 in one go.

What this means is you'd be paying 47x350 in total.

Structuring it like this means they can advertise BRAND NEW TESLA ONLY £350pm with a massive first payment that means on average it's really more like £450pm
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Ah, doh!

Yeah if you do that starts to look prohibitively expensive.... I knew I was missing something!
 
I think all those lease deals are awful.

The price of used EVs have come right down, you can get a pretty decent low mileage 3-4 year old EV for less than £10k these days.
 
I’m quite conflicted over new cars currently. If I didn’t own a car at all, then a brand new electric car might make some sense. However, I’m still struggling with the idea that I should scrap a still running diesel from 10 years ago to buy yet another car to switch to electric (it wouldn’t be for the environment, that’s for sure!). It’s nice to have new and shiny things, but they’re expensive. Also, do I REALLY want to own an electric car (rather than lease)? The depreciation is savage on brand new and the older models are going to start to suffer with obsolescence very rapidly in a way that my decade old diesel surely isn’t. Well probably need to jump into a 7 seater at some point, but it doesn’t seem like a good time right now.
 
cuke2u said:
So what you are saying is to achieve anything like a reasonable distance is that you have to drive like a granny?
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Depends entirely on what your expectation of 'driving like a granny' means.

You don't have to sit at 50mph everywhere but speed always has been and always will be the enemy of efficiency, whether it's mpg or mi/kwh, so the faster you go, the quicker it'll be before you need a refill of whatever fuel you're using.

For people who want to sit at 80mph for 300 miles at a time without stopping, an EV still isn't going to be the best choice of vehicle, no.

Edit - As an example, I saw a 'test' recently where a model Y cruising at 70mph achieved about 4mi/kwh, meaning a realistic 300 mile range would probably be achievable but at 80mph, that dropped to a little over 3mi/kwh cutting the range drastically - if you lose 1mi/kwh, on something with a 75kwh battery, that's going to lose you 75 miles of range. So if cruising at 70 instead of 80 constitutes 'driving like a granny', then yes, you probably do need to drive like a granny to get a sensible cruising range from an EV :p
 
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Kenai said:
Depends entirely on what your expectation of 'driving like a granny' means.

You don't have to sit at 50mph everywhere but speed always has been and always will be the enemy of efficiency, whether it's mpg or mi/kwh, so the faster you go, the quicker it'll be before you need a refill of whatever fuel you're using.

For people who want to sit at 80mph for 300 miles at a time without stopping, an EV still isn't going to be the best choice of vehicle, no.

Edit - As an example, I saw a 'test' recently where a model Y cruising at 70mph achieved about 4mi/kwh, meaning a realistic 300 mile range would probably be achievable but at 80mph, that dropped to a little over 3mi/kwh cutting the range drastically - if you lose 1mi/kwh, on something with a 75kwh battery, that's going to lose you 75 miles of range. So if cruising at 70 instead of 80 constitutes 'driving like a granny', then yes, you probably do need to drive like a granny to get a sensible cruising range from an EV :p
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If driving at 80 kills your mileage to 225miles (3/4) that would be a bit sad.... To be honest I don't need humongous mileage but 300 would be nice.

Regardless upon realisation of the upfront fee ive decided this is too expensive for my liking. I'd have gone for £13k over 3 years to sit in a nice new SUV /larger car but circa £18k seems a bit rich.
 
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