Tesla model 3 P lease or buy?
Discussion
what are the service and maintenance costs on the 3 ?
saw a program about US owners who self-built / converted their electric cars saying "no oil, filters, spark plugs" etc; battery packs last 5-7 years so theyre cheap as chips to maintain ...
on top of the lower (vs ICE) running costs, that got me think about getting an EV rather than a hybrid next
hybrid still needs all the ICE servicing plus any EV battery maintenance though
Hence interested in advice (slight thread hijack but hey, all part of the TCO decision)
saw a program about US owners who self-built / converted their electric cars saying "no oil, filters, spark plugs" etc; battery packs last 5-7 years so theyre cheap as chips to maintain ...
on top of the lower (vs ICE) running costs, that got me think about getting an EV rather than a hybrid next
hybrid still needs all the ICE servicing plus any EV battery maintenance though
Hence interested in advice (slight thread hijack but hey, all part of the TCO decision)
Cabin filters are about the only service item you need to think about on a regular basis.
Brakes last a lot longer than ICE due to regen braking from the motors, especially with the new one pedal stopping mode. Tyres last well as the power delivery is very smooth so very little wheelspin.
I compared costs of the M3P over 3 years and 45k miles against things like the M4 and RS4 and came to the conclusion it was going to save me £1000's in servicing, tyres, brake pads etc before even accounting for the fuel..
Brakes last a lot longer than ICE due to regen braking from the motors, especially with the new one pedal stopping mode. Tyres last well as the power delivery is very smooth so very little wheelspin.
I compared costs of the M3P over 3 years and 45k miles against things like the M4 and RS4 and came to the conclusion it was going to save me £1000's in servicing, tyres, brake pads etc before even accounting for the fuel..
SWoll said:
Cabin filters are about the only service item you need to think about on a regular basis.
Brakes last a lot longer than ICE due to regen braking from the motors, especially with the new one pedal stopping mode. Tyres last well as the power delivery is very smooth so very little wheelspin.
I compared costs of the M3P over 3 years and 45k miles against things like the M4 and RS4 and came to the conclusion it was going to save me £1000's in servicing, tyres, brake pads etc before even accounting for the fuel..
Indeed there is literally 0 maintaince it’s more break fix rather than spending thousands on preventative.Brakes last a lot longer than ICE due to regen braking from the motors, especially with the new one pedal stopping mode. Tyres last well as the power delivery is very smooth so very little wheelspin.
I compared costs of the M3P over 3 years and 45k miles against things like the M4 and RS4 and came to the conclusion it was going to save me £1000's in servicing, tyres, brake pads etc before even accounting for the fuel..
Leasing a 3P over 20k miles 24 months (wouldn't want to be tied to the agreement for longer than that) costs around £14750 over the term after 50% vat and corp tax offset. That's the equivalent to just over £18k (34%) depreciation allowance over two years.
It's close enough that I think I'll continue with an outright purchase as I get itchy feet and would prefer the freedom to move the car on or keep it for longer should I want to.
If anyone knows on any cracking lease deals that bring the cost down significantly then please do share, leasing is attractive for the reasons highlighted by other posters.
It's close enough that I think I'll continue with an outright purchase as I get itchy feet and would prefer the freedom to move the car on or keep it for longer should I want to.
If anyone knows on any cracking lease deals that bring the cost down significantly then please do share, leasing is attractive for the reasons highlighted by other posters.
I am in the same position. I have a Leaf and a S90 Volvo on lease at present. My employer won’t change it’s car policy to let me business lease a Tesla. I am leaning towards a PCH on a Model3. Cannot decide between SR and LR. Is it worth £100 a month difference? I also cannot face £40 a month for metallic paint. The problem is that you can get a BMW 320i M Sport for over £200 cheaper, albeit the fuel costs more. A 420i MSport Grand Coupe is £250 cheaper! Head says BMW and pick on up a Model 3 in 2 years. Heart says Tesla. Last thought is the risk of Tesla going bust if you buy one?
Parky73 said:
I am in the same position. I have a Leaf and a S90 Volvo on lease at present. My employer won’t change it’s car policy to let me business lease a Tesla. I am leaning towards a PCH on a Model3. Cannot decide between SR and LR. Is it worth £100 a month difference? I also cannot face £40 a month for metallic paint. The problem is that you can get a BMW 320i M Sport for over £200 cheaper, albeit the fuel costs more. A 420i MSport Grand Coupe is £250 cheaper! Head says BMW and pick on up a Model 3 in 2 years. Heart says Tesla. Last thought is the risk of Tesla going bust if you buy one?
Depends on your mileage choosing between the SR/LR. You do also get premium connectivity with the LR + AWD and a 4 second 0-60 time so a far higher performance and better equipped car than the either the 3 or 4 series you mention (Panoramic glass roof, Autopilot, reverse camera, upgraded stereo etc.). It's more of a high spec 340i x-drive competitor than 320i. The standard Model 3 colour is triple coat metallic white which looks good with the dark aero wheels.
Edited by SWoll on Saturday 14th December 17:30
Thanks. It all comes down to handling and range. I think the Premium Connectivity may well end up being a tenner a month subscription for all soon anyway.
I have driven a Performance but would prefer the 18 in wheels of the LR. Shame the residuals have spooked the lease deals. Also many funders have fallen out with Tesla over discounts and payment terms.
White LR for £70 a month more than metallic SR. Hard call. Only consolation is that the 320d is a fortune to lease cause of the overplayed diesel residuals.
I have driven a Performance but would prefer the 18 in wheels of the LR. Shame the residuals have spooked the lease deals. Also many funders have fallen out with Tesla over discounts and payment terms.
White LR for £70 a month more than metallic SR. Hard call. Only consolation is that the 320d is a fortune to lease cause of the overplayed diesel residuals.
Parky73 said:
Thanks. It all comes down to handling and range. I think the Premium Connectivity may well end up being a tenner a month subscription for all soon anyway.
I have driven a Performance but would prefer the 18 in wheels of the LR. Shame the residuals have spooked the lease deals. Also many funders have fallen out with Tesla over discounts and payment terms.
White LR for £70 a month more than metallic SR. Hard call. Only consolation is that the 320d is a fortune to lease cause of the overplayed diesel residuals.
For £70 a month I'd go for the LR every time.I have driven a Performance but would prefer the 18 in wheels of the LR. Shame the residuals have spooked the lease deals. Also many funders have fallen out with Tesla over discounts and payment terms.
White LR for £70 a month more than metallic SR. Hard call. Only consolation is that the 320d is a fortune to lease cause of the overplayed diesel residuals.
The AWD system is very good and premium connectivity is free for LR/P Models for the first year. Not a cheap car to lease but dependent on mileage the fuel/servicing saving can easily make up for it and as I say the standard spec is ridiculous compared to anything the Germans offer.
I'm finding the ride in our Performance surprisingly good TBH on the 20's with sport suspension, much better then our i3 at least.
Thanks. Performance is another £100 !
Are you getting approx 275 miles in Cold weather - or maybe more?
I manage with my 40kwh leaf daily but want to feel I have plenty of range for longer trips, as this is replacing the diesel family motor.
Is there anyone with an SR who regrets not going LR?
Are you getting approx 275 miles in Cold weather - or maybe more?
I manage with my 40kwh leaf daily but want to feel I have plenty of range for longer trips, as this is replacing the diesel family motor.
Is there anyone with an SR who regrets not going LR?
foxsasha said:
Leasing a 3P over 20k miles 24 months (wouldn't want to be tied to the agreement for longer than that) costs around £14750 over the term after 50% vat and corp tax offset. That's the equivalent to just over £18k (34%) depreciation allowance over two years.
It's close enough that I think I'll continue with an outright purchase as I get itchy feet and would prefer the freedom to move the car on or keep it for longer should I want to.
If anyone knows on any cracking lease deals that bring the cost down significantly then please do share, leasing is attractive for the reasons highlighted by other posters.
The only cracking lease deals are when companies value the car differently in the future.It's close enough that I think I'll continue with an outright purchase as I get itchy feet and would prefer the freedom to move the car on or keep it for longer should I want to.
If anyone knows on any cracking lease deals that bring the cost down significantly then please do share, leasing is attractive for the reasons highlighted by other posters.
Some companies may be able to do a deal with Mercedes to buy 500 cars at a discount I don’t think this exists with Tesla, the price is the price
RobDickinson said:
There are some 3rd party 18s that fit the perf brakes too.
Do you have any further info? I'll want to run 18" with winters if the car arrives in the near future.jamoor said:
The only cracking lease deals are when companies value the car differently in the future.
Some companies may be able to do a deal with Mercedes to buy 500 cars at a discount I don’t think this exists with Tesla, the price is the price
Aye, just hoped someone had found a blip. Some companies may be able to do a deal with Mercedes to buy 500 cars at a discount I don’t think this exists with Tesla, the price is the price
foxsasha said:
RobDickinson said:
There are some 3rd party 18s that fit the perf brakes too.
Do you have any further info? I'll want to run 18" with winters if the car arrives in the near future.https://www.youtube.com/watch?v=k0lCHqlyN3I
https://www.youtube.com/watch?v=BEk9xkz-XQE
engineering explained -
https://www.youtube.com/watch?v=zqFT0tsusUY
Very interesting experience and opinions on this thread (thanks!).
I'm in a tricky situation. I want one last hurrah in a ICE (V6+) before EV and Hybrid takes over the world, so currently contemplating between and M4, Giulia Quad and M3P. Currently favouring leasing too, as I've had reasonable experiences with it.
Current comparison on 12k miles and 36 months:
- M3P, £620 with 6 upfront. Pros - great performance, high spec list, minimal maintenance and mileage cost. Cons - reduces large mileage flexibility and questionable quality based on colleagues that have an M3S. No noise. Insurance higher than the others!
- M4, £650 with 6 upfront. Pros - great noise, handling and specification (ultimate pack). Cons - fuel, ride quality, residuals as new model soon
- Alfa, £700 with 12 upfront, BUT fully maintained. Pros - gorgeous, engine, noise, handling, cheapest insurance(!), all servicing and tyres included. Cons - fuel, specification and old tech interior.
Head says M3P. Heart says Alfa.
What would you do?
I'm in a tricky situation. I want one last hurrah in a ICE (V6+) before EV and Hybrid takes over the world, so currently contemplating between and M4, Giulia Quad and M3P. Currently favouring leasing too, as I've had reasonable experiences with it.
Current comparison on 12k miles and 36 months:
- M3P, £620 with 6 upfront. Pros - great performance, high spec list, minimal maintenance and mileage cost. Cons - reduces large mileage flexibility and questionable quality based on colleagues that have an M3S. No noise. Insurance higher than the others!
- M4, £650 with 6 upfront. Pros - great noise, handling and specification (ultimate pack). Cons - fuel, ride quality, residuals as new model soon
- Alfa, £700 with 12 upfront, BUT fully maintained. Pros - gorgeous, engine, noise, handling, cheapest insurance(!), all servicing and tyres included. Cons - fuel, specification and old tech interior.
Head says M3P. Heart says Alfa.
What would you do?
arun1uk said:
I want one last hurrah in a ICE (V6+) before EV and Hybrid takes over the world, so currently contemplating between and M4, Giulia Quad and M3P.
The Giulia is the only combustion that turns my head these days. Don't waste your money on a M4, these day the M car even run the same engine essentially as the 440i.I missed how long you said the lease deal was, but £33k+ to spank on a rental for 3 years is ALOT of cash to waste with nothing to show for it at the end, no matter how much you like the Giulia.
If you really want to go out with a 'bang' £35k will get you a used fully owned V8 GS F, wolf in sheeps clothing comes to mind. Ok so I lied 2 combustion car I would turn and admire
.
I guess ultimately if you want a last go in a combustion car the kind of money your talking about with Giulia will get you into ALOT of 2-3 year old combustion machines which that you're heart will love, but actually cost you far less to own, as even if you assume something like the GS F is only worth £15k in 2-3 years thats still half the cost of the Giulia over the same time period.
With EVs the used market isn't there to do something similar.
If your feeling really brave I see V10 M5s are now under £15k, so no much more than the deposit on the Giulia. That is a proper M car, though I suspect you need to swallow a big brave pill to run one of those any large number of miles! I personally don't admire those cars, but I do think credit the owner for their bravery for running owing one though
.Edited by gangzoom on Sunday 15th December 06:41
Hi
Two observations.
1. Where is your M3P quote from?
2. You are in the new reality, digital v analogue driving. Go Tesla for the day to day miles and have some proper rorty ICE for an analogue blow out. The ICE doesn’t need to be new!
Also on another thread someone shared a compelling BMW M2 Comp deal.
Two observations.
1. Where is your M3P quote from?
2. You are in the new reality, digital v analogue driving. Go Tesla for the day to day miles and have some proper rorty ICE for an analogue blow out. The ICE doesn’t need to be new!
Also on another thread someone shared a compelling BMW M2 Comp deal.
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