Tesla Model Y Hatchback

The Tesla Model Y is still a recent addition to the UK’s automotive fleet, so many finance companies have been adjusting their residual values on a more ad-hoc basis. Without a doubt, the Model Y has proved to be one of 2022’s most popular cars (including combustion options) and this has been without any real special offers. The price you pay will depend on which model you choose, the contact term, annual mileage and your initial rental / deposit. Expect this to be priced in a round £500 - £700 as an average across most leasing websites. And remember this isn’t just about price; with many manufacturers struggling to produce cars due to COVID and microchip issues, the Model Y’s quicker availability has almost certainly increased the products popularity.

While the Tesla Model 3 has been the flagship EV of 2020 and 2021 (and probably one of the best cars available to buy or lease at present). The Model Y has been tipped by many automotive journalists as the new foremost EV to lease. The improved battery tech, smoother ride, additional space and elevated driving position, is making this SUV one to watch in 2022. And with Tesla as one of the founding electric car companies, our customers are almost guaranteed a positive leasing experience. Indeed, this is one of the most reliable manufacturers to use, along with a leading customer-service aftercare.

The social and political pressure to transition into an EV doesn’t escape us. While we are all aware of the UK Government’s 2030 / 2035 ambitions to remove combustion vehicles from sale in the UK, we do still ask our personal, business and salary sacrifice customers to use all of our available tools for ensuring this EV meets their need and requirements. While the Model Y will be one of, if not THE, best-selling car of 2022, we know that it may not be suitable for every customer. Also consider charging costs, insurance costs and charge point installation at home / workplace when conducting a suitability asessment on your new Tesla.

Some of the best electric car lease deals will almost certainly  feature on price comparison websites like AutoLeaseCompare, CarWow, LeaseFetcher and LeaseLoco, so keep an eye for the e-car lease options on these aggregator partners. However, as a credit broker, we work with some of the UK’s leading leasing companies which means that all of customers receive exceptional value time and time again. From “no deposit” to big initial rentals, our finance packages are suitable for any contract hire customer. And with such an array of funders, we can help find one that may fit your circumstance. All of our expert knowledge is included free of charge. Our e-car lease business was one of the first to launch in the UK.

There are only two models for a UK to customer to select – the Long Range and the Performance. For those customers on a more restrictive monthly budget, the £55,000+ Long Range will be the main option to lease. However, we would not suggest the Model Y as an ideal “cheap car” option. However, do note that when leasing an EV, you should use a Whole of Life Costs analysis, meaning that the monthly rental on the finance should not be your only consideration. EVs are cheaper to fuel (check out our cost calculator), cheaper to service/maintain and for business / salary sacrifice customers, they offer a much better company car tax position at 2% Benefit in Kind. In using these metrics, you ensure that you get the best deal for you or the company.

One of the most common queries about a Model Y is “how far does it travel on a full charge?” While range of a pure electric vehicle is important, we try to alleviate the concentration on “range anxiety” for potential customers by educating them on other key facets – charging speeds, charge point locations and driver behaviours. So while the combined range of a Model Y Long Range is 255 miles and 265 miles in the case of the Performance, this will be influenced by other key metrics such as weather, vehicle acceleration / speed and charging habits. Electric cars do not have just ONE fixed range; the answer is always – “It depends”.

Yes - but Tesla only allow this for purchase after delivery. This is known as the Tow Hitch and is a high-strength Class II steel tow bar.

This EV has a towing capacity of 750kg (unbraked) and 1600kg (braked).

This will ultimately depend on the model chosen. The Long Range has a vehicle fuel equivalent of 146mpg and the Performance has a vehicle fuel equivalent of 140mpg.