Reply To: Q3 2025 – New Cars

#307597
kdwolf
Participant

    Tesla are doing a 3K contribution to new pcp deals. 48 months at £405 per month. Question, do you hand the car back at the end of a pcp? Autotrader has listed used tesla loads @ 25k.

    You have 3 options with a PCP. 1) Hand the car back at the end of the lease period with no further commitment and nothing to show for it (same as Motability lease) 2) Pay a final one off payment to own the car outright 3) The car will usually be worth more than the final payment, so any ‘profit’ above that is used as a deposit for your next car at no cost to you (most people on PCPs do this as it’s what makes them attractive). However, if you want an EV, IMHO you’d be mad to buy a new one. If it absolutely must be a brand new one (which is only new for a few months anyway) then I wouldn’t look further than Motability. Due to the crippling depreciation that EVs suffer, if you want to buy one privately the bargains on the second hand market are substantial as demand for them is so low.

    I agree if you can obtain 0% APR on second had EVs (and yes, you can on some).

    N.B. As to the above £3,000 contribution, it is not Tesla’s contribution, as I thought, but simply an advanced payment.

    Sent from a mobile device.
    Apologies for briefness and spelling mistakes.

    Motability Skoda Enyaq SportLine 85x April 2024 (unhappy customer - Ombudsman pending)
    Motability Mazda CX-60 PHEV July 2023 (unhappy customer - early termination on mechanical grounds)
    Motability VW Touran Family Pack May 2019 (happy customer)