Switching to electric could save you money despite high upfront costs.
The rising cost of petrol makes electric vehicles (EVs) increasingly attractive. Today, a Tesla Model 3 is available for lease at £265 per month through Tesla UK Leasing, potentially offering significant long-term savings.
Lease Details
The deal covers a two-year agreement for a brand-new Tesla Model 3 RWD Standard with an 8,000-mile annual allowance.
- Monthly Cost: £265.58
- Initial Payment: £3,186.96 (equivalent to 12 months upfront)
- Reduced Upfront: £1,950.78 (six months upfront), increasing the monthly cost to £325.
This positions the Model 3 competitively against petrol car leases, such as a Volkswagen Golf, while eliminating fuel costs.
Charging Costs
The most significant benefit of electric vehicles is lower running costs.
- Home Charging: The average off-peak domestic electricity rate is 8-10p/kWh. A full charge for the Model 3 Standard (332-mile range) costs approximately £6.
- Running Cost: About 2p per mile.
Tesla’s Supercharger network provides convenient public charging options, further reducing reliance on expensive petrol stations.
Vehicle Features
Despite being the entry-level version, the Model 3 Standard includes many premium features:
- Large center touchscreen
- Part-vegan leather upholstery
- Heated front seats
- Adaptive cruise control
- Surround-view cameras
Deal Availability
This offer is sourced from the Auto Express Buy A Car service, which compiles the best leasing deals in the UK. Terms and conditions apply, and pricing may change. If this deal expires, more Model 3 leasing options are available on the Auto Express Tesla Model 3 page.
The transition to electric cars may require a larger initial investment, but lower running costs and long-term savings make it a smart choice.
