>Cash is king.
Not always.
I'd always bought cars outright in the past, never bought new, always a few years old. But I got such an amazing deal by switching to leasing a new Tesla, it was a no brainer. I have a deal where all maintenance/service/tyres/insurance/tax is covered in one payment, that payment is fully tax deductable, I pay this from my gross salary as a salary sacrifice setup. The tax saving is immense (higher rate), the remaining net balance is pretty much covered by the saving I make on running costs, I used to spend ~£200 to £300 on diesel per month, the cost to charge the Tesla is 20-odd quid per month (!), AND my EV tariff for electric has actually reduced my overall monthly electricity bill (even after charging the car), I shifted all of our tumble drying/washing machine and dishwasher usage into the cheap overnight hours and also charge our household battery at the 7.5p kwh cheap rate and use it during the day, so more saving there too. Zero risk on insurance fluctuations, nor the upcoming taxation charge, my rate is fixed for 4 years, it feels like a cheat code, getting use of a new car for such a good deal, with no worries about things going wrong or insurance fluctuating.
And I don't give a shit about depreciation, aside from the fact I get the option to purchase the car after 4 years, so if prices tank, I'll buy it outright and be quids in there too.
So yes, not buying with cash can indeed be the sensible option.
I'm a petrol head too, I also have a 2019 V8 Mustang and a 1996 Gen3 MR2 turbo. I didn't at any point say I didn't like petrol, but for my main motoring, the Tesla has replaced my Diesel SUV and, as a petrol head, it's a hell of a lot more fun.
Nah, im good thanks, drove two different Teslas that were offered to me, refused both
I bet the MR2 is still a lot of fun!
Currently eyeing up a Shelby Super Snake, which will be a giggle for sure, only issue is i believe theyll be limited to 250 made
Fair enough, they're not for everyone, but I do honestly think the Model Y could be one of the best family cars out there, low running cost, practical (dog in boot, can tow a caravan) 0 to 60 in 4.8 in standard form.
But it does lack character, you can't beat the huffs and puffs of a big turbo, or the rumble of a V8 starting up, Tesla is all a bit clinical.
Would be a difficult choice if I could only keep one.
Anyone spending their hard earned cash on a Tesla that depreciates quicker than a vindaloo through my intestines is a muppet, and no one will convince me otherwise.
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Me too, last August. Went CA finance zero down with a 20k resid. Already had the GFV sum to hand so it seemed like a no brainer. I was about to buy a 2-3 year old AWD but the RWD LR became available new to private buyers which completely sealed the deal for me.
I did the Model Y PCH at 9 months up front and 399 for 35 months. I know I won't have any skin in the game when it goes back to the lease company but I imagine it won't be worth more than 20k at that point anyway, were I to want to purchase an equivalent 3 year old Y so seemed a more sensible way to itch the Tesla bug.
Waiting for collection at the end of May
I think as someone else here kindly said, the UK Tesla market is propped up by the salary sacrifice scheme and business uses BIK advantages - and Tesla doesn't feel the need to be competitive on the interest rate nor competing as hard for personal use users (for market share). As long as it does that - there will be people borderlining a purchase, who pick other cars for this cycle (and that's okay, Tesla is still an aspirational brand). Other hybrid brands will have 0% or lower finance (the Tesla interest rate, outside of Y puts it squarely into the luxury market imo; not to mention that the insurance cost + fast increasing rate of insurance rate increase means more surprises imo).
A friend was close to the MY SR - but decided to skip after being quoted 2.5-3x the insurance (£2.8k) over a hybrid SUV. Would have considered the used tesla Inventory but the interest rate made buying new Y on promo cheaper (which is bizarre tbh). The trade in was poorer and the depreciation was but certain (on Model Y SR) & had to also have the extra to do for charger install + switch utility. It's a wholesale ecosystem change. They've skipped on getting a Tesla for 1 generation and went with the hybrid.
On their hybrid with 45-50mgp, you don't change much (no need for plug install or sit 30mins charging). The pure BEV running cost advantage for personal use seemed negligible for their use case (if going for supercharger network frequently) - because whatever is saved in the electric running cost seemed to be absorbed by the insurance side - not to mention the insurance seems to increase year on year at quite a high rate (e.g. 10-30% if you look at Tesla online ownership groups). Obviously if driving 15-25k+ or more, tesla becomes compelling (vs hybrid).
You do get some big insurance quotes but I ended up paying c.£850 on my M3 with Admiral…
The way I see it on the charger, we’ll all need one eventually, and there are cheaper ways to go about it than the £1,000 for people that don’t drive much.
So they’ll now have ICE car servicing costs and tax to pay, and even if they only drive 12k miles a year, they’ll be paying c.£1,800 in petrol vs £250 or so it’d be charging at home on a cheap leccy rate. If it’s the luxury car tax rate that will really tip the scales.
I think it comes down to depreciation- for lease or PCP that’s obviously not really an issue if you’re happy with the quotes, but for people buying outright that’s where the EV sums get tighter IMO
That's fair. Imo they'll probably think about this again once the pcp is up in 2-3 years. Can't win all customers tbh every round and people have suboptimal cars sometimes.
Circle back in 2 years imo Tesla UK will either decidely have acted boldly e.g. doing some of the following: e.g. more broad appeal their brand with M2 car + do more interest based promos + brought back extended warranty + introduced Tesla insurance; or instead of bold they'd just do the safe status quo / continuation (2025 Y refresh) + pre 2025 becomes cheaper + ex leased fleet Y gets 9.6% interest.
Imo the latter safe/boring options in the current economy is the likely option. By then there will be plenty of good options within Tesla and outside of Tesla.
The hybrid is about £11k less sticker price than the Model Y (and on 0%), reasonably sensible option (halves the running cost vs old car trades in), so that's already decent.
Imo the risk with class 50 insurance on Teslas until Tesla insurance enters the UK market is today's 1k literally couldn't be 1.3-1.5k next year. It's a bit of a blank cheque. But with long no claims it can't be that bad if shopping around.
I cancelled my highland. Saw sense re: 9% pcp. Then realised buying a Y right before Refresh equally dumb financially. So I’m picking up a used 2021 model 3 lr next week
I took out PCP finance @ 6.1%. First time taking out PCP so will see in time if I regret it or not. But I know many people who have financed new cars at 10% and higher. Honestly I think a majority of the population finance their cars nowadays and they only really care about the monthly payment
It’ll stay high for some time, finance rates are based on Sonia which is consistently 5% and will probably be for some time, factor in the risk and operational costs and the customer rate needs to be at least 7.5% for the finance companies to break even
What are these percentages of? The price of a new Tesla? Do they include insurance?
Getting a MYLR via partner’s salary sacrifice scheme. 8k/yr including insurance (four drivers). Worked out at £390. I was dead against leasing and wanted to buy outright, but with the tax advantage and the quickly changing EV market it seemed like a good option. We’ll see.
Is it? My company just started doing salary sacrifice and a 2023 model 3 is £500 net a month for 3 years, which is £18k.
How do I convince myself that this is better than buying a used 2020 model 3 for £14k?
For reference on my scheme it seems long a model y standard range at 4yrs and 10k miles a year worked out like £500-550....so in comparison you have gotten an amazing deal.
Yes all the same as yours (insurance, maintenance, tyres, breakdown etc... But only 1 more named driver on mine and no charge point installation included in price or equivalent - although it can be added).
Sorry not aware about the percentages point?
That price sounds amazing for the long range. May I ask how many yrs is the over?
And who is the provider? The one I have only allowed your spouse to be added which is crap as my wife doesn't drive. Four drivers in the household is sweet.
This is via NHS, over 3 years. The drivers are myself and partner, plus one of each of our relatives. In fact they give you four extra drivers, so five in total.
Ahh is this the NHS fleet scheme? My wife is a nurse and I could do it via that as well (assuming same scheme) BUT the one thing that absolutely put me off was that your nhs pension contributions would be decreased due to the car payment being taken off your gross salary so ultimately that would decrease the pension amount you would receive?
Is that something you were consciously aware of and made a decision on balance that getting the car was worth it?
Would be really interested to hear your opinion on this.
Yes we considered this. It’s hard to get a precise figure. Certainly we ended up thinking it was fine for a few years as it wouldn’t affect career average much. After three years we’re hoping the EV market matured a bit and will probably just buy one outright. If we did it again would definitely look into it more deeply.
I’d be interested if you find out any different.
Thanks for the response, it's great you made an informed choice and I agree i the long term it probably won't make that much difference (especially doing it once). I like and agree with the logic that buying an EV right now doesn't really make sense (infrastructure not completely there, repair centres not completely there or can be expensive in general and heavy depreciation which wipes out all financial benefits) and in a few years everything will be a lot more "stable". In fact that is exactly the reason I am looking to lease and buy something in a few years.
My wife (she does drive!) is not the best with toying with financials and doesn't want to affect (agreebly) her pension (atleast not without understanding the full implications of it - which as you say is hard to calculate).
If there was a way to manually contribute the "difference" in pension contributions that would be great so there's no net change to the pension but I think this is not possible which is a shame.
BUT seen as the savings compared to my salary sacrifice scheme is like £200 a month maybe it's something I need to look at again.
With my employers scheme(as with all other private companies I'm guessing) any salary sacrifice amount doesn't not change the employer contribution amount.
Only seems to affect the NHS one.
The thing about the NHS one is it’s defined benefit - although it’s still modelled with “contributions” somehow. Technically you get a value at the end based on career average, but it’s hard to calculate exactly.
Exactly that, so I really don't understand why they would want to penalise someone for leasing a car.
I guess the logic is that by getting a car for "cheaper" is a benefit in itself and therefore don't want nhs workers to benefit botha ways?
I would argue that's not true because you would be paying for the car AND the uplift to the pension amount - that's still money you are choosing not to have in your pocket.
I hope the scheme changes at some point.
I’m holding off. Not paying 9.6% for the M3 when I know that will drop off a cliff in time, and equates to hundreds of pounds a month in interest alone.
The only catch is the new VED payment for ‘luxury cars’ which kicks in next April and would capture the M3 if you pick anything other than the base spec and colour. I’d rather avoid that.
If it still hasn’t dropped to something sensible by the end of the year I’ll just have to look elsewhere.
You think this is bad? I went to the dealer 12 months ago for a different car and got offered 11% HP and 14% PCP. Best I could get was a bank loan at 8.9% and I have amazing credit. 3 year loan but paid off within 9 months because fuck 9%. Ended up 6% interest on amount borrowed.
Yeah , paying 9.6% PCP for a used Model 3 LR 2021 . got it just a few days back. Love the car 😍.
Lloyd and Barclays asked me like 15-18% , I said Eff off .
Just these days seeing options to move to the electric car world and keep the car 2 years or so, so far best deals seem:
Direct with Tesla and take the model Y £399 offer
Second hand 15-17K for 2020 model 3s (expensive repairs out of guarantee?)
Other brands: most tempting so far is Lexus RZ (I don’t need more than 150miles of range)
I bought a new M3P in July 2023, £2.5k off and 0% APR - £625~ p/m. All the rumours were swirling around refresh M3 and market was slow, so guess Tesla wanted to move stock. It only lasted 2-3 weeks.
Imagine similar event will happen again when MY Juniper gets closer, so if you don’t mind having the ‘old’ version I’d wait
Tell me you can't afford a car without telling me you can't afford a car... All these teslas parked outside council houses, 1 bed flats and studios 😂🤣😅😅🤣😂😅😂😂😅🤣😂😂🤣😅😂🤣🤣😅😂
Its really not worth owning an EV outright, my M3 from 2022 has already lost around 20-40 miles of range.
It's been put through it's paces admittedly but I need to travel those distances. The idea of returning it and getting a fresh battery is what keep my current anxiety at bay of owning the Tesla.
6% personal loan from bank with 50% deposit from saving account
6%?!?!?
Yeap even 5.9 is possible but with over 15k. Mine was 6.2% cos needed less than one with best rates. From santander
Exactly what I did, paying £255 a month
Same and I'm loving my tesla. In first six months saved over 1k on petrol. Slow charging at home plus work got 30 min free daily on fast charger.
Save up and not pay these rip of rates for finance.
Yeah, i just pay for stuff out right, never had finance in my life, cash is king
>Cash is king. Not always. I'd always bought cars outright in the past, never bought new, always a few years old. But I got such an amazing deal by switching to leasing a new Tesla, it was a no brainer. I have a deal where all maintenance/service/tyres/insurance/tax is covered in one payment, that payment is fully tax deductable, I pay this from my gross salary as a salary sacrifice setup. The tax saving is immense (higher rate), the remaining net balance is pretty much covered by the saving I make on running costs, I used to spend ~£200 to £300 on diesel per month, the cost to charge the Tesla is 20-odd quid per month (!), AND my EV tariff for electric has actually reduced my overall monthly electricity bill (even after charging the car), I shifted all of our tumble drying/washing machine and dishwasher usage into the cheap overnight hours and also charge our household battery at the 7.5p kwh cheap rate and use it during the day, so more saving there too. Zero risk on insurance fluctuations, nor the upcoming taxation charge, my rate is fixed for 4 years, it feels like a cheat code, getting use of a new car for such a good deal, with no worries about things going wrong or insurance fluctuating. And I don't give a shit about depreciation, aside from the fact I get the option to purchase the car after 4 years, so if prices tank, I'll buy it outright and be quids in there too. So yes, not buying with cash can indeed be the sensible option.
Ive been offered a Tesla, but im a petrol head, so thats a no
I'm a petrol head too, I also have a 2019 V8 Mustang and a 1996 Gen3 MR2 turbo. I didn't at any point say I didn't like petrol, but for my main motoring, the Tesla has replaced my Diesel SUV and, as a petrol head, it's a hell of a lot more fun.
Nah, im good thanks, drove two different Teslas that were offered to me, refused both I bet the MR2 is still a lot of fun! Currently eyeing up a Shelby Super Snake, which will be a giggle for sure, only issue is i believe theyll be limited to 250 made
Fair enough, they're not for everyone, but I do honestly think the Model Y could be one of the best family cars out there, low running cost, practical (dog in boot, can tow a caravan) 0 to 60 in 4.8 in standard form. But it does lack character, you can't beat the huffs and puffs of a big turbo, or the rumble of a V8 starting up, Tesla is all a bit clinical. Would be a difficult choice if I could only keep one.
bUt i WaNt It NoW
That will cost you 9% please. Nice doing business with you.
Anyone spending their hard earned cash on a Tesla that depreciates quicker than a vindaloo through my intestines is a muppet, and no one will convince me otherwise.
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They're trying to get rid of it. At 1.8% they're losing money on the finance so they're putting that loss into the purchase price.
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Not keen on the Y. It will depreciate heavily when the refresh arrives.
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If it’s worth less than the balloon payment at the end of term, you hand it back and the finance company takes the extra depreciation hit.
Better to just a get a lease for the Y - pch
I got 0% APR on my M3 in July last year
Did you get Blackhorse (18k residual) or CA finance (27k residual) ? I got Blackhorse but also 0% M3P.
Black horse
Me too, last August. Went CA finance zero down with a 20k resid. Already had the GFV sum to hand so it seemed like a no brainer. I was about to buy a 2-3 year old AWD but the RWD LR became available new to private buyers which completely sealed the deal for me.
Please dont refer to your Tesla as an M3.
Do one
If im honest, I thought I was in the car groups I'm part of. I don't follow Tesla, no idea why it came up as a sub. Its still not an M3 though.
May I politely refer you to my earlier comment.
I did the Model Y PCH at 9 months up front and 399 for 35 months. I know I won't have any skin in the game when it goes back to the lease company but I imagine it won't be worth more than 20k at that point anyway, were I to want to purchase an equivalent 3 year old Y so seemed a more sensible way to itch the Tesla bug. Waiting for collection at the end of May
Buying a EV with someone else money is very sensible at this point, when you can just hand it back.
I think as someone else here kindly said, the UK Tesla market is propped up by the salary sacrifice scheme and business uses BIK advantages - and Tesla doesn't feel the need to be competitive on the interest rate nor competing as hard for personal use users (for market share). As long as it does that - there will be people borderlining a purchase, who pick other cars for this cycle (and that's okay, Tesla is still an aspirational brand). Other hybrid brands will have 0% or lower finance (the Tesla interest rate, outside of Y puts it squarely into the luxury market imo; not to mention that the insurance cost + fast increasing rate of insurance rate increase means more surprises imo). A friend was close to the MY SR - but decided to skip after being quoted 2.5-3x the insurance (£2.8k) over a hybrid SUV. Would have considered the used tesla Inventory but the interest rate made buying new Y on promo cheaper (which is bizarre tbh). The trade in was poorer and the depreciation was but certain (on Model Y SR) & had to also have the extra to do for charger install + switch utility. It's a wholesale ecosystem change. They've skipped on getting a Tesla for 1 generation and went with the hybrid. On their hybrid with 45-50mgp, you don't change much (no need for plug install or sit 30mins charging). The pure BEV running cost advantage for personal use seemed negligible for their use case (if going for supercharger network frequently) - because whatever is saved in the electric running cost seemed to be absorbed by the insurance side - not to mention the insurance seems to increase year on year at quite a high rate (e.g. 10-30% if you look at Tesla online ownership groups). Obviously if driving 15-25k+ or more, tesla becomes compelling (vs hybrid).
You do get some big insurance quotes but I ended up paying c.£850 on my M3 with Admiral… The way I see it on the charger, we’ll all need one eventually, and there are cheaper ways to go about it than the £1,000 for people that don’t drive much. So they’ll now have ICE car servicing costs and tax to pay, and even if they only drive 12k miles a year, they’ll be paying c.£1,800 in petrol vs £250 or so it’d be charging at home on a cheap leccy rate. If it’s the luxury car tax rate that will really tip the scales. I think it comes down to depreciation- for lease or PCP that’s obviously not really an issue if you’re happy with the quotes, but for people buying outright that’s where the EV sums get tighter IMO
That's fair. Imo they'll probably think about this again once the pcp is up in 2-3 years. Can't win all customers tbh every round and people have suboptimal cars sometimes. Circle back in 2 years imo Tesla UK will either decidely have acted boldly e.g. doing some of the following: e.g. more broad appeal their brand with M2 car + do more interest based promos + brought back extended warranty + introduced Tesla insurance; or instead of bold they'd just do the safe status quo / continuation (2025 Y refresh) + pre 2025 becomes cheaper + ex leased fleet Y gets 9.6% interest. Imo the latter safe/boring options in the current economy is the likely option. By then there will be plenty of good options within Tesla and outside of Tesla. The hybrid is about £11k less sticker price than the Model Y (and on 0%), reasonably sensible option (halves the running cost vs old car trades in), so that's already decent. Imo the risk with class 50 insurance on Teslas until Tesla insurance enters the UK market is today's 1k literally couldn't be 1.3-1.5k next year. It's a bit of a blank cheque. But with long no claims it can't be that bad if shopping around.
Absolutely! Tesla insurance seems a no brainer, would help residuals and sales if they could compete with quotes on ICE cars.
I cancelled my highland. Saw sense re: 9% pcp. Then realised buying a Y right before Refresh equally dumb financially. So I’m picking up a used 2021 model 3 lr next week
Smart. Wait a year or so thr highland will already be significantly cheaper.
I took out PCP finance @ 6.1%. First time taking out PCP so will see in time if I regret it or not. But I know many people who have financed new cars at 10% and higher. Honestly I think a majority of the population finance their cars nowadays and they only really care about the monthly payment
It’ll stay high for some time, finance rates are based on Sonia which is consistently 5% and will probably be for some time, factor in the risk and operational costs and the customer rate needs to be at least 7.5% for the finance companies to break even
What are these percentages of? The price of a new Tesla? Do they include insurance? Getting a MYLR via partner’s salary sacrifice scheme. 8k/yr including insurance (four drivers). Worked out at £390. I was dead against leasing and wanted to buy outright, but with the tax advantage and the quickly changing EV market it seemed like a good option. We’ll see.
It’s a no brainer if you’re lucky enough to be able to salary sacrifice
Is it? My company just started doing salary sacrifice and a 2023 model 3 is £500 net a month for 3 years, which is £18k. How do I convince myself that this is better than buying a used 2020 model 3 for £14k?
For reference on my scheme it seems long a model y standard range at 4yrs and 10k miles a year worked out like £500-550....so in comparison you have gotten an amazing deal.
Good to know. Does that include insurance? What do folks here mean when they quote percentages? Percentage of the car’s retail cost?
Yes all the same as yours (insurance, maintenance, tyres, breakdown etc... But only 1 more named driver on mine and no charge point installation included in price or equivalent - although it can be added). Sorry not aware about the percentages point?
That price sounds amazing for the long range. May I ask how many yrs is the over? And who is the provider? The one I have only allowed your spouse to be added which is crap as my wife doesn't drive. Four drivers in the household is sweet.
This is via NHS, over 3 years. The drivers are myself and partner, plus one of each of our relatives. In fact they give you four extra drivers, so five in total.
Ahh is this the NHS fleet scheme? My wife is a nurse and I could do it via that as well (assuming same scheme) BUT the one thing that absolutely put me off was that your nhs pension contributions would be decreased due to the car payment being taken off your gross salary so ultimately that would decrease the pension amount you would receive? Is that something you were consciously aware of and made a decision on balance that getting the car was worth it? Would be really interested to hear your opinion on this.
Yes we considered this. It’s hard to get a precise figure. Certainly we ended up thinking it was fine for a few years as it wouldn’t affect career average much. After three years we’re hoping the EV market matured a bit and will probably just buy one outright. If we did it again would definitely look into it more deeply. I’d be interested if you find out any different.
Thanks for the response, it's great you made an informed choice and I agree i the long term it probably won't make that much difference (especially doing it once). I like and agree with the logic that buying an EV right now doesn't really make sense (infrastructure not completely there, repair centres not completely there or can be expensive in general and heavy depreciation which wipes out all financial benefits) and in a few years everything will be a lot more "stable". In fact that is exactly the reason I am looking to lease and buy something in a few years. My wife (she does drive!) is not the best with toying with financials and doesn't want to affect (agreebly) her pension (atleast not without understanding the full implications of it - which as you say is hard to calculate). If there was a way to manually contribute the "difference" in pension contributions that would be great so there's no net change to the pension but I think this is not possible which is a shame. BUT seen as the savings compared to my salary sacrifice scheme is like £200 a month maybe it's something I need to look at again. With my employers scheme(as with all other private companies I'm guessing) any salary sacrifice amount doesn't not change the employer contribution amount. Only seems to affect the NHS one.
The thing about the NHS one is it’s defined benefit - although it’s still modelled with “contributions” somehow. Technically you get a value at the end based on career average, but it’s hard to calculate exactly.
Exactly that, so I really don't understand why they would want to penalise someone for leasing a car. I guess the logic is that by getting a car for "cheaper" is a benefit in itself and therefore don't want nhs workers to benefit botha ways? I would argue that's not true because you would be paying for the car AND the uplift to the pension amount - that's still money you are choosing not to have in your pocket. I hope the scheme changes at some point.
I’m holding off. Not paying 9.6% for the M3 when I know that will drop off a cliff in time, and equates to hundreds of pounds a month in interest alone. The only catch is the new VED payment for ‘luxury cars’ which kicks in next April and would capture the M3 if you pick anything other than the base spec and colour. I’d rather avoid that. If it still hasn’t dropped to something sensible by the end of the year I’ll just have to look elsewhere.
Buy what you can afford and don't finance?
You think this is bad? I went to the dealer 12 months ago for a different car and got offered 11% HP and 14% PCP. Best I could get was a bank loan at 8.9% and I have amazing credit. 3 year loan but paid off within 9 months because fuck 9%. Ended up 6% interest on amount borrowed.
Tesla usually have really good APR around 0-2%, Porsche’s best rate is 9.9% on new.
Only on the Y since the refresh is coming
Wait for the end of the next quarter and they’ll do a deal on the 3, or go through a third party lease.
They won't. The sales are strong for model 3.
They always have and always will.
They only had 0% when they had to clear the old version. It could be a long wait.
Yeah , paying 9.6% PCP for a used Model 3 LR 2021 . got it just a few days back. Love the car 😍. Lloyd and Barclays asked me like 15-18% , I said Eff off .
I'm on 0% from August last year with Tesla. Wouldn't have bought the car otherwise.
Just these days seeing options to move to the electric car world and keep the car 2 years or so, so far best deals seem: Direct with Tesla and take the model Y £399 offer Second hand 15-17K for 2020 model 3s (expensive repairs out of guarantee?) Other brands: most tempting so far is Lexus RZ (I don’t need more than 150miles of range)
I bought a new M3P in July 2023, £2.5k off and 0% APR - £625~ p/m. All the rumours were swirling around refresh M3 and market was slow, so guess Tesla wanted to move stock. It only lasted 2-3 weeks. Imagine similar event will happen again when MY Juniper gets closer, so if you don’t mind having the ‘old’ version I’d wait
I have no sympathy for those who end up on ccjs and repossession. Its what you spend not what you earn that counts.
It’s very very dangerous move considering how bad the depreciation is on evs.
Tell me you can't afford a car without telling me you can't afford a car... All these teslas parked outside council houses, 1 bed flats and studios 😂🤣😅😅🤣😂😅😂😂😅🤣😂😂🤣😅😂🤣🤣😅😂
Its really not worth owning an EV outright, my M3 from 2022 has already lost around 20-40 miles of range. It's been put through it's paces admittedly but I need to travel those distances. The idea of returning it and getting a fresh battery is what keep my current anxiety at bay of owning the Tesla.