With petrol and diesel prices remaining volatile and high, the financial argument for switching to an electric vehicle (EV) has never been stronger. A new leasing offer for the Tesla Model 3 provides a compelling entry point for drivers looking to hedge against rising fuel costs while maintaining high performance and technology.
The Financial Breakdown: Two Ways to Lease
Offered via Tesla UK Leasing through the Auto Express Buy A Car service, the deal focuses on the Model 3 Rear-Wheel Drive (RWD). There are two primary ways to structure this two-year lease, depending on your immediate liquidity:
Option 1: The Low Monthly Payment Route
For those looking to minimize monthly outgoings, this option requires a larger upfront commitment:
– Initial Payment: £2,370.24 (equivalent to 12 months)
– Monthly Cost: £197.52
– Total Cost (2 years): £6,913.20
– Annual Mileage: 8,000 miles
Option 2: The Low Upfront Cost Route
If you prefer to keep more cash in your pocket today, you can opt for a lower initial deposit:
– Initial Payment: £297.00 (equivalent to 1 month)
– Monthly Cost: £297.35
– Total Cost (2 years): £7,136.40
Note: While the total cost is slightly higher in Option 2, it remains a cost-effective way to drive a premium vehicle without the massive depreciation hit usually associated with new car ownership.
Why This Matters: The Economics of Charging
The true value of this deal lies in the operational savings. As traditional fuel prices fluctuate, the cost of electricity—particularly during off-peak hours—offers much greater stability and lower costs.
- Home Charging Efficiency: With off-peak domestic electricity averaging between 8–10p per kWh, a full charge for the Model 3 RWD costs approximately £6.
- Cost Per Mile: Given the vehicle’s 332-mile (WLTP) range, the cost of travel is roughly 2p per mile.
- Infrastructure: Drivers are not limited to home charging; the deal includes access to Tesla’s proprietary Supercharger network, widely regarded as one of the most reliable and seamless charging infrastructures globally.
Features and Technology
Despite being the entry-level RWD model, the Tesla Model 3 does not compromise on the “premium” experience. It comes equipped with a modern suite of features designed for both comfort and safety:
- Technology: A large central touchscreen controlling most vehicle functions.
- Comfort: Heated front seats and part-vegan-leather upholstery.
- Safety & Driving: Adaptive cruise control and a surround-view camera system.
Summary
This leasing offer presents a highly efficient way to transition to electric driving, offering a predictable monthly cost and massive savings on “fuel” through home charging. It is an ideal solution for drivers who want to avoid the high depreciation of buying a new car while insulating themselves from the volatility of the petrol market.
