Lease deals on tesla (model Y) seem cheap?

[Buffman]

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?

https://www.tesla.com/en_gb/modely/design#overview

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 ****!

 

[Buffman]

12k a year insurance? Wtf? Do you live in gaza?

Sorry I meant 1k a year

 

[Buffman]

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?

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]

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

Ah, doh!

Yeah if you do that starts to look prohibitively expensive.... I knew I was missing something!

 

[Buffman]

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

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.