What Are Some of the Cheapest Ways to Buy Tesla in the UK?

A car is nothing less than a technological miracle; undoubtedly, it is among the most cherished things we see today. A thing about cars is that they naturally attract people of all ages. Hence, they have always maintained a strong relationship with humans. Ideally, securing an automotive apprenticeship is the perfect career path.

There are numerous reasons why cars have made such a special place in our hearts; however, their constant growth is why most of us have fallen in love with them. A car made today is ten times better than the one made 20 years ago in terms of its physical appearance, comfort, safety, and reliability.

The Incremental Growth in Car Prices

Due to such rapid improvement in the automobile industry, the prices of cars have also skyrocketed; there was a time when cars used to be nothing but an engine on four wheels but today, a car consists of all kinds of high-tech computers, chips, and semiconductors. This shows that modern cars have become heavily reliant on the latest components, which leads to higher prices.

Prices of Tesla in the UK

When talking about modern high-tech cars, the first manufacturer that comes to everyone’s mind is a Tesla. However, Tesla is one of the most expensive car manufacturers since their cars also heavily rely on futuristic features.

These high prices are almost the same throughout different countries. However, there are some places where prices are even higher, one being the UK. Numerous studies back this claim and state that the UK is one of the most expensive countries to buy a car. For example, a survey shows that if you buy a Tesla Model 3, the UK is the tenth most expensive place to buy it.

So, if you are looking for affordable ways to buy a Tesla in the UK, you have come to the right place. Today, we will explain some of the cheapest ways to buy Tesla in the UK.

Buying a Used Tesla

Everyone knows that used cars are cheaper than new ones, although a typical problem with used cars is that they degrade faster than new ones. However, that is usually not the case with a Tesla. Most cars manufactured by Tesla have a build quality way better than other manufacturers, and there are meager chances of it breaking down quickly in a few years.

The best part about buying a used Tesla in the UK is that you don’t have to pay the initial taxes, and since the price of almost every car deprecates in the first year, you get an excellent price for a car that is not very old.

Buying a Tesla with a Lower Level Trim

Many people don’t know about buying new cars because they come in different trims, and opting for a lower-level trim could save them a lot of money. When it comes to a Tesla, almost every car manufactured by Tesla comes with different trim styles, which means that one car has different technology and features than the other. Most cars come in three trim levels, where the lowest trim has the least features and costs the lowest.

For example, if we talk about the Tesla Model 3, the manufacturers provide three trim levels: Standard Range Plus, Long Range, and Performance. Each of these variants has its strengths; however, if you only have the price tag in mind and want to go for the cheapest option, then the Standard Range Plus is perfect.

The Hire Purchase Method

The next option on our list is the hire purchase contract; this is one of the most popular ways to buy a vehicle in the UK in an affordable manner. This works because you must pay an initial deposit between 10% – 20%; after that, you must repay the remaining amount in monthly installments.

If you are buying a Tesla by this method, you must make sure that you keep paying the finance company without missing any monthly payments. The finance company has the right to reclaim your car if you miss a payment. One of the main reasons this payment method is on our list is that the repayments are incredibly affordable and have low deposits.

Leasing a Tesla

Leasing is another cheap way to get your hands on a brand-new Tesla in the UK. You save a lot of money when you lease a vehicle, mainly because you don’t own the vehicle. Leasing is borrowing a vehicle for an allotted time; when you lease a vehicle, you only pay for what you use and have to return the car to the dealer at the end of your agreement.

Like a hire purchase, you have to pay monthly installments; however, these don’t lead to owning the vehicle as the process runs for a few years. Leasing a Tesla could be the cheapest way because you don’t have to worry about the car depreciating, but you also don’t have to pay maintenance and service costs.

Car Auctions

One more well-known way to buy a vehicle in the UK is through car auctions. There are different auctions in the UK, and you can benefit from them by stumbling upon a good deal. The different auctions in the UK include public car auctions, police auctions, and government auctions; this auction could help you greatly buy a cheap Tesla.

Buying Tesla with Cryptocurrency

Tesla is among the first car manufacturers who have started accepting cryptocurrency as a payment method. In January 2022, Elon Musk announced that Tesla would accept Dogecoin as payment for Tesla vehicles. Numerous online platforms allow you to purchase vehicles with cryptocurrencies; some even give discounts if you pay with digital cash.

If you are looking for such discounts and cheap ways to buy a Tesla, all you have to do is Google something like “Buy Tesla UK,” You will find numerous platforms from which you can make your purchase.

Buying a Tesla Outright

Sometimes there is nothing better and more straightforward than buying a vehicle outright. You have to hand over the total amount and get your vehicle. To some people’s surprise, buying a Tesla outright can be one of the cheapest ways and can be way less hectic in the longer run.

Final Note

After looking through the various options, what do you think is the cheapest way to buy a Tesla in the UK? The answer to that mostly depends on your situation and long-term goals. However, one piece of advice you can take away from us is that doing thorough research saves your time and helps you save money in the long run, and sometimes your research can play a significant factor in getting your hands on a cheaper vehicle.