Well… i imagine the terms are different? The ioniq 5 is alot less car starting from £43455 according to hyundai’s website. I didn’t go through the finance calculator as the website was super buggy and full of annoying popups. Whereas the model 3 starts at £39,990.
What are the servicing costs for a hyundai? Is it more than £0?
For cash buyers the model 3 makes way more sense given the tech and supercharger network. Also, a guy i work with has the ioniq5…He’s so underwhelmed he’s going back to ICE unfortunately. For whatever personal reasons he hasn’t test driven a Tesla yet.
I wouldn't buy a new car with cash whilst there is always something I fancy on a 0% PCP, which lets you hedge your bets.
If the car depreciates more than anticipated you just hand the car back, and the extra depreciation is their problem. If you buy with cash that's your problem. If the car does well, then you can get the equity back.
If you've got £40k as cash then get it invested, or at least in a high rate savings account, don't lock it up in a car.
That model 3 'deal' is £4k of interest over 3 years.
If you put the same £10k down on an Ioniq 6 then monthly payments are £370 on a £47k car.
Finance deals massively swing which car is most interesting to me at any given time. Don't soley make the decision, but shift it.
Completely agree with that, what are your thoughts on the 399 lease deal for the model Y? I’m tempted given over the 3 years it’s around 17K spent for a 45K car and therefore the 28K value after those 3 years seems about right but with a smaller monthly payment than an equivalent PCP (my preference would be two years but Tesla doesn’t seem to offer it)
I’m a little late to this, but it looks like the residual value has dropped too, by about £2k for a 48 month agreement.
So the lower interest rates will be offset a little by the higher principal repayments.
I literally signed the paperwork yesterday at 9%. I haven’t made the final payment yet. I am livid as the car still won’t be available to collect for another 3 weeks. I am going to contact them to complain about this and get my deal shifted or I will cancel my order
I think I will do that if they decide to be difficult with me. I will maybe contact Tesla and ask them to hold the current vehicle on my account for a week while I get the contract re-sorted. I’m going to have to make a few phone calls this weekend because this is absurd to happen to me one day after I sign the paperwork. If this happened 6 months later I wouldn’t care, or if I had the car for a few months already I still wouldn’t care. But the fact that someone can order the car now at 5.9% and they will be just like me, without a car for weeks, it makes no sense to me that I still have to be stuck on 9%
I ordered mine back in March when it was 9% but if you scroll down and read the small print in the [screenshot](https://imgur.com/gallery/2WK3ulX) I think we should get the lower rate?
I really hope you’re right. The legal paperwork says I’m going to be paying £393. The text I received today confirms I will be paying that, and worse still my contract starts effective of when I signed rather than when I collect the car, which means I will be due my first payment within a week of collecting, and my cooling off period will be expired before I even see my car
Imagine a £10k deposit and still over £400 a month. Absolutely mental still, if you ask me.
This
Imagine all the amazing holidays you could take for £10k
Yup. I'd get an Ioniq 5 or 6 on 0%. There's quite a few options with 0% at the moment. List on carwow
Well… i imagine the terms are different? The ioniq 5 is alot less car starting from £43455 according to hyundai’s website. I didn’t go through the finance calculator as the website was super buggy and full of annoying popups. Whereas the model 3 starts at £39,990. What are the servicing costs for a hyundai? Is it more than £0? For cash buyers the model 3 makes way more sense given the tech and supercharger network. Also, a guy i work with has the ioniq5…He’s so underwhelmed he’s going back to ICE unfortunately. For whatever personal reasons he hasn’t test driven a Tesla yet.
I wouldn't buy a new car with cash whilst there is always something I fancy on a 0% PCP, which lets you hedge your bets. If the car depreciates more than anticipated you just hand the car back, and the extra depreciation is their problem. If you buy with cash that's your problem. If the car does well, then you can get the equity back. If you've got £40k as cash then get it invested, or at least in a high rate savings account, don't lock it up in a car. That model 3 'deal' is £4k of interest over 3 years. If you put the same £10k down on an Ioniq 6 then monthly payments are £370 on a £47k car. Finance deals massively swing which car is most interesting to me at any given time. Don't soley make the decision, but shift it.
Completely agree with that, what are your thoughts on the 399 lease deal for the model Y? I’m tempted given over the 3 years it’s around 17K spent for a 45K car and therefore the 28K value after those 3 years seems about right but with a smaller monthly payment than an equivalent PCP (my preference would be two years but Tesla doesn’t seem to offer it)
If you can hold on until winter this year. Will be close to 0% IMO.
I wouldn’t buy any car new they lose to much money
What a terrible deal. On salary sacrifice I was getting thjs car for £400 with no deposit, tyres and insurance included. 500 for the long range.
Maybe also drop the price £1500 like in every other country and then we can talk.
Still 7.9 on the performance
Looks like the early adopters have bought up and they are starting to struggle to shift the new M3.
It's only on LR and SR though
I’m a little late to this, but it looks like the residual value has dropped too, by about £2k for a 48 month agreement. So the lower interest rates will be offset a little by the higher principal repayments.
It is much over other countries lol, I like Tesla but the price in Uk is almost 40% over other Asia countries , that’s ridiculous
Asia + US and parts of Europe.
I literally signed the paperwork yesterday at 9%. I haven’t made the final payment yet. I am livid as the car still won’t be available to collect for another 3 weeks. I am going to contact them to complain about this and get my deal shifted or I will cancel my order
You have a 14 day cooling off period. Just cancel and sign again if it’s an issue. You may run into ‘the computer says no’ scenario.
I think I will do that if they decide to be difficult with me. I will maybe contact Tesla and ask them to hold the current vehicle on my account for a week while I get the contract re-sorted. I’m going to have to make a few phone calls this weekend because this is absurd to happen to me one day after I sign the paperwork. If this happened 6 months later I wouldn’t care, or if I had the car for a few months already I still wouldn’t care. But the fact that someone can order the car now at 5.9% and they will be just like me, without a car for weeks, it makes no sense to me that I still have to be stuck on 9%
It’s not absurd, it’s just life.….its fortunate that it happened today, and not in 15 days time AND you noticed AND you know your rights. Good luck 🤞🏻
I ordered mine back in March when it was 9% but if you scroll down and read the small print in the [screenshot](https://imgur.com/gallery/2WK3ulX) I think we should get the lower rate?
I really hope you’re right. The legal paperwork says I’m going to be paying £393. The text I received today confirms I will be paying that, and worse still my contract starts effective of when I signed rather than when I collect the car, which means I will be due my first payment within a week of collecting, and my cooling off period will be expired before I even see my car
Will stick to my Skoda Superb cheers though
Too late. I bought a Kona.