Tesla offers 0% PCP in UK...

[Wing Commander]

Just seen that Tesla is now offering 0% PCP deals on Model 3 in the UK.

If you’re not on commission from Tesla, you flipping well should be, given the time & effort you put into promoting them!

[andreas]

If you’re not on commission from Tesla, you flipping well should be, given the time & effort you put into promoting them!

Not trying particularly to promote them, it's more a case of correcting some of the more extreme claims of the Tesla-haters!

[GTB]

0% PCP, Ok when is something too good to be believed!! Just look at average % rates on other PCP contracts at the moment and average is likley up near 8%. So great 0% from Tesla, but what is the final "Baloon" payment at end of contract? also what is the cars likley value? Whats the deposit to be paid, monthly figures etc not just the headline grabbing 0%. The depreaciation on EV's is getting worse and worse, and business buyers getting less.

Too good to be tru and as they say on Dragons Den................Im out!!

GTB

[Jon A]

0% PCP, Ok when is something too good to be believed!! Just look at average % rates on other PCP contracts at the moment and average is likley up near 8%. So great 0% from Tesla, but what is the final "Baloon" payment at end of contract? also what is the cars likley value? Whats the deposit to be paid, monthly figures etc not just the headline grabbing 0%. The depreaciation on EV's is getting worse and worse, and business buyers getting less.

Too good to be tru and as they say on Dragons Den................Im out!!

GTB

If it’s 0% then the balloon, the deposit and any monthly payments will all add up to precisely the purchase price of the car.

[andreas]

0% PCP, Ok when is something too good to be believed!! Just look at average % rates on other PCP contracts at the moment and average is likley up near 8%. So great 0% from Tesla, but what is the final "Baloon" payment at end of contract? also what is the cars likley value? Whats the deposit to be paid, monthly figures etc not just the headline grabbing 0%. The depreaciation on EV's is getting worse and worse, and business buyers getting less.

Too good to be tru and as they say on Dragons Den................Im out!!

GTB

Here's an example from the Tesla website...

[Paul1970]

It won’t be long before the Tesla 3 becomes the new Prius in terms of Uber drivers car of choice. Huge numbers of 2nd hand with no buyers. And now 0% makes the attraction of 2nd hand ones even less

[GTB]

So 4yr old car with say the Max 40K miles on it. They are looking at final payment of £15,128 for the car! Me thinks most will be handing the car back and walking away and leave Tesla with the problem, given current depreaciation on these EV's. I really dont see any sensible person looking at that deal and expecting positive equity in the car at end of the 4yrs.

As I already said Im Out........................ EV's not for me thanks.

Cheers GTB.

[andreas]

It won’t be long before the Tesla 3 becomes the new Prius in terms of Uber drivers car of choice. Huge numbers of 2nd hand with no buyers. And now 0% makes the attraction of 2nd hand ones even less

AutoTrader is listing 691 used Model 3 cars, and 460 used Taycans!

[wab172uk]

I still wouldn't have one if they paid me instead of the other way around

Same here. If I was forced to own an EV a Tesla would be at the bottom of the list. They look just bland.

Porsche Taycan or that new Hyundai EV 6 N thing that’s just been announced would be my choice today.

[Paul1970]

AutoTrader is listing 691 used Model 3 cars, and 460 used Taycans!
[/quote]

460 Taycans? That’s a staggering number. The fastest depreciating Porsche by a long shot.

I see the cheapest is £62k. Wonder how much interest there is in those. Very little I’d imagine.