Tesla launches new finance offer on top-selling Model Y

Tesla has unveiled a new finance offer that significantly reduces the starting price of leasing options for its popular Model Y SUV.

Starting from August 23, the 36-month leasing price will drop from £399 to just £299 per month for all new orders with a downpayment of £4,499. That is on the basis of 10,000 miles per annum with any excess mileage charged at £0.20 per mile. The total amount payable is £15,279 compared to a cash price of £44,990.

Last year, the Model Y was the third best-selling car in the UK and the top-selling car globally.

Tesla’s data reveals that switching from a petrol car to the Model Y could save owners an average of £1,600 annually.

Tesla said that for those driving 10,000 miles per year, fuel costs could be as low as £200 when using an EV tariff at £0.07 per kWh from providers like Octopus Energy or OVO.

Customers can customise and order their Model Y either in-store or via the Tesla website - with a new pricing offer for the Model Y Rear Wheel Drive expected soon.

The offer is valid while stocks last for cars ordered from August 23 and delivered before September 13.