Tesla Model X electric lease deals

Leasing a Tesla Model X Electric in the UK

What is the best luxury SUV or family electric car to lease?

Until 2020 / 2021, this was an easy question to answer – the Model X from Tesla. As the world’s leading manufacturer of electric automotives, their early customer engagement brought about a dominance which has been difficult for competitors to keep up with.

But in creating one of the leading SUV leasing options, Tesla have motivated and inspired others to follow – the BMW iX, the Mercedes EQS SUV, the Audi e-Tron and an upcoming Porsche Cayenne EV are now part of the conversation. Elon Musk, and his amazing engineering team, have helped create a robust electric vehicle market.

But how much is a Tesla Model X Monthly (and can you negotiate the price)?

Like the Model S, this SUV does not have an official price just yet. Having launched in the USA, Europe and the UK are still awaiting these luxury vehicles to be finalised for delivery which we anticipate will be early 2023 (at best). What we do know is that the X will be a £100,000+ vehicle, with the dual-motor standard option and tri-motor Plaid option to be made available in a 5, 6 or 7 seat layouts.

With incredible range, performance and practicality, the Model X will be the perfect family BEV. And to answer the other query, price negotiation, we can clearly state that there is no discount or support from Tesla with their product. In order to create pricing parity across the world, Tesla operate a standardised pricing approach. Whether you are a personal, business or salary sacrifice leasing customer, your Model X will cost the same.

Do Tesla offer lease for customers wanting the Model X? Or is it expensive to lease this car?

To be clear, e-car lease offer a usership product known as contract hire. This a product which allows a personal or business customer to use a vehicle for a predetermined amount of time (2, 3 or 4 years) based on a fixed mileage and initial rental. At the end of the contract you simply return the EV to the finance company – you cannot purchase the EV at the end. In contrast, Tesla offer cash purchase, hire purchase and personal contract purchase (PCP) on their UK website.

This allows outright purchase for a business looking for super-deduction capital allowance on an EV (130% write-off) and alternative purchase style finance products for individuals and businesses. With a PCP, this is used by customers who may want the ability to own the vehicle at the contract end. While a PCP can appear similar to contract hire, in that there is an initial payment followed by monthly payment, there are some subtle differences.

Most crucially, a PCP is interest-led (it will show an APR on your contract) and there will be a guaranteed future value/balloon, which is an amount you can pay to own the vehicle at contract end. Whichever product you use, it will need a healthy budget. The Model X is a prestige vehicle (it is one of the best electric cars in the world) so you, or the company, need to be prepared for that. Quality costs.

What Tesla Model X options can you lease in the UK?

When the vehicle officially launches there will be two key options to choose from:

1. Model X AWD Auto – the “base” model option will operate from a usable battery of 95 kWh. This allows for 3.9 second 0 – 62mph times, 155mph top speeds and 500 kW of power (or 671hp). On range, expect cold weather to allow for around 255 miles combined and 345 miles in warmer temperatures. On charging times, the 16.5 kW AC max means that 0 – 100% can happen in around 7 hours with the 250 kW DC max allowing 30-minute rapid charging for 10 – 80%; and
2. Model X Plaid AWD Auto - the tri-motor upgraded model option will operate from a usable battery of 95 kWh. However, this performance-led saloon has been tweaked to allow for 2.6 second 0 – 62mph times, 155mph top speeds and 760 kW of power (or 1019hp). On range, expect cold weather to allow for around 245 miles combined and 325 miles in warmer temperatures. On charging times, the 16.5 kW AC max means that 0 – 100% can happen in around 7 hours with the 250 kW DC max allowing 30-minute rapid charging for 10 – 80%. In terms of specification, the Plaid will add carbon-sleeved motors and torque vectoring

Are you, or the business, ready to lease one of the leading 7-seater EVs?

Moving forward with the UK’s experts couldn’t be easier. Once Tesla announce that the order bank is open, use our industry-leading website to build your perfect car. And it’s not just the best Model X deals which makes the e-car lease team so good; our integrated “Living with your ...” provides instant help and advice.

From P11d, to charge cost, to cost per mile, to charge times, to range, to charging infrastructure, we have you covered. There really isn’t a solution you cannot procure from our overview. And for an instant price on the Tesla SUV just choose a term (2/3/4 years), annual mileage (5000 – 20,000 per annum), initial rental / deposit (including no deposit options) and input your driver or funder-maintained requirements. Speak to our expert team if you or the business needs help on 01942 910 001 or email us at [email protected]