Tesla Model Y

[sjg]

The main depreciation worry is that very few available secondhand now is holding prices up but it’s a big seller and there will be loads coming off lease in the next year or two. The early ones are meant to be harder ride and no load cover.

There’s still a good contract hire offer and now 0% on PCP and HP for new so worth comparing to that.

[James-gbg1e]

sjg said:

The main depreciation worry is that very few available secondhand now is holding prices up but it’s a big seller and there will be loads coming off lease in the next year or two. The early ones are meant to be harder ride and no load cover.

There’s still a good contract hire offer and now 0% on PCP and HP for new so worth comparing to that.

The Tesla finance offers (£399 with 4k down or whatever it is) isn't attractive to me. If I went down the new route my company have a salary sacrifice scheme with Tusker, I can get a LR model for something like £560pm which is no deposit and includes insurance, tyres, tax and maintenance etc

But, truth be told I'd rather sell my C43 for 20k ish, put 10k in and own an in warranty car that reasonably over the 4-5 years I'd plan to keep it won't cost me anything more than tyres.

[rog007]

James-gbg1e said:

…it won't cost me anything more than tyres.

I’ve never gone through tyres so quickly!

[RayDonovan]

I'm in a similar position.

As someone else mentioned, there's loads coming off lease in 2025 which I'd expect to depress prices further.

I don't think a £30k car now is poor value (especially when you tot up the savings across running costs).

[James-gbg1e]

RayDonovan said:

I'm in a similar position.

As someone else mentioned, there's loads coming off lease in 2025 which I'd expect to depress prices further.

I don't think a £30k car now is poor value (especially when you tot up the savings across running costs).

Well 2025 you also have the Juniper Model Y refresh, whatever that ends up being. So long as the BIK is low there will always be a high degree of fleet/lease use.

The cost saving covers even the cost of a loan to bridge it, even with relatively high rates. Tempting indeed.

[RayDonovan]

James-gbg1e said:

RayDonovan said:

I'm in a similar position.

As someone else mentioned, there's loads coming off lease in 2025 which I'd expect to depress prices further.

I don't think a £30k car now is poor value (especially when you tot up the savings across running costs).

Well 2025 you also have the Juniper Model Y refresh, whatever that ends up being. So long as the BIK is low there will always be a high degree of fleet/lease use.

The cost saving covers even the cost of a loan to bridge it, even with relatively high rates. Tempting indeed.

100%
Mine will be funded with a cash allowance from work.

What I will say is that the lower end of the MY market doesn't appear to be moving that quickly (£30k). Given it's the entry point into this model, I'm surprised.

[AyBee]

James-gbg1e said:

sjg said:

The main depreciation worry is that very few available secondhand now is holding prices up but it’s a big seller and there will be loads coming off lease in the next year or two. The early ones are meant to be harder ride and no load cover.

There’s still a good contract hire offer and now 0% on PCP and HP for new so worth comparing to that.

The Tesla finance offers (£399 with 4k down or whatever it is) isn't attractive to me. If I went down the new route my company have a salary sacrifice scheme with Tusker, I can get a LR model for something like £560pm which is no deposit and includes insurance, tyres, tax and maintenance etc

But, truth be told I'd rather sell my C43 for 20k ish, put 10k in and own an in warranty car that reasonably over the 4-5 years I'd plan to keep it won't cost me anything more than tyres.

Whilst I understand the wish to own something I took the view that I'd rather not be left with something which may be technologically obsolete so I got mine on a salary sacrifice (zero down) and when you take into account that it covers absolutely everything (tyres, maintenance and insurance), it's cheaper than a personal lease plus all the extras. I sold my last car and stuck the money in investments instead. Have you considered the RWD (it's what I have) - probably not as fast as your C43 but still plenty quick enough and probably £100/month cheaper.

Buying outright will probably still cost you £10k in depreciation and £5k in insurance with the potential for a big bill if you get unlucky with a battery or motor vs. £15-20k for 3/4 years of salary sacrifice in a RWD (and £30k invested producing maybe £5k-10k over 3/4 years) with guaranteed no additional expenses....it's not as far apart as you might imagine.

[RayDonovan]

I'd certainly be heading down a SS route if it was an option. Might cost a little more than buying used, but you're carrying none of the risk.

[Mouse Rat]

If you're looking to make a change purely for financial reasons then the C43 will probably depreciate less than a new or used MY.

The model Y is fantastic but both cars are different animals. So make sure your happy with the MY for any potential savings.

I cant see 22 MY being obsolete in 5-6 years. A 5 year old Tesla is similar in tech and performance to a new one.

[Grapevine226]

Boring efficiency post - but currently getting almost 5m/kWh out of our long range. Over 170 miles since we last charged and still not used half the battery. Admittedly this is not all 70mph runs - it's a mix of motorway, A roads and school runs, and the motorway efficiency has been helped by some 50 mph road works zones, but still remarkable for such a big car. 250wh/m is the average since December which is more representative of faster speeds, but still...!

[Gone fishing]

Mouse Rat said:

If you're looking to make a change purely for financial reasons then the C43 will probably depreciate less than a new or used MY.

The model Y is fantastic but both cars are different animals. So make sure your happy with the MY for any potential savings.

I cant see 22 MY being obsolete in 5-6 years. A 5 year old Tesla is similar in tech and performance to a new one.

Tesla change the media control unit processors and screen about every 4 years, a 2022 MY got the current Ryzen but I suspect that will be updated in 1-2 years, the M3 Highland has a newer brighter screen. Autopilot hardware also changes every 3 years, a 2022 MY is already out of date and there’s another generation expected next year.

Performance wise, I suspect the battery and motors won’t change much, and if the M3 highland is to go by tt might even get worse on future models

Heat pumps were added 4 years ago which made a significant improvement in efficiency

Obviously the cars will still be driveable but new features are often hardware dependent, we’ve seen dashcam and sentry mode, one foot driving, and the latest graphics all only on the later cars at the time of release. A lot has changed in the last 5 years in the tech space of the car, even if the batteries and motors have been largely unchanged for years except the odd iteration like the Plaid motors and the highland rear motor. The MS and MX still use the same battery cells they came out with in 2016.

Edited by Gone fishing on Thursday 18th July 08:49

[Register1]

RayDonovan said:

I'm in a similar position.

As someone else mentioned, there's loads coming off lease in 2025 which I'd expect to depress prices further.

I don't think a £30k car now is poor value (especially when you tot up the savings across running costs).

I think this is when my V6 Touareg gets sold.
A Y would join our M3

[Register1]

Grapevine226 said:

Boring efficiency post - but currently getting almost 5m/kWh out of our long range. Over 170 miles since we last charged and still not used half the battery. Admittedly this is not all 70mph runs - it's a mix of motorway, A roads and school runs, and the motorway efficiency has been helped by some 50 mph road works zones, but still remarkable for such a big car. 250wh/m is the average since December which is more representative of faster speeds, but still...!

Very good really,
I like the 2010 liter capacity hatch area.
Its enormous.

[AyBee]

Grapevine226 said:

Boring efficiency post - but currently getting almost 5m/kWh out of our long range. Over 170 miles since we last charged and still not used half the battery. Admittedly this is not all 70mph runs - it's a mix of motorway, A roads and school runs, and the motorway efficiency has been helped by some 50 mph road works zones, but still remarkable for such a big car. 250wh/m is the average since December which is more representative of faster speeds, but still...!

I always thought that with "fuel" being so cheap, I'd drive it like I stole it everywhere, but instead I find myself watching the Wh/m figure to see what I can get it down to It is a boring family car after all.

My RWD is at 255Wh/m over 11k miles. Most local-ish journeys right now seem to be between 180-220 with the warmer weather