New Tesla Model Y Lease vs Buy - Car Finance Explained

New Tesla Model Y Lease vs Buy - Car Finance Explained
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Welcome to another of my little car finance tutorials, this time we look at the UK version of the 2021 Tesla Model Y. Traditional car finance vs bank loan has been a question that a lot of people have been asking, in this video, we have a very complex answer in one respect and an extremely easy one in another (due to the question of residual values) as we consider PCP vs Lease vs Loan vs HP.

In this example we're looking at the excellent 2022 Tesla Model Y Long Range, it's a £55k car with 315 miles of claimed range and we're eventually left with a simple question on this Tesla lease vs buy. Who wins in a fight between lease vs buy on this Tesla in the uk?

So should you lease this 2021 Tesla Model Y or should you buy it? we go over the broad strokes in this one then show you the numbers and suggest one thought process that should help you make your final decision, should I lease or buy a Tesla??

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