Whether you’re a total petrolhead and are constantly staying up-to-date on every major automotive brand’s new model launch, or you simply have a taste for the finer things in life, we’re all guilty of envying the flashiest, most modern cars we see being driven down the street.
You may have even looked into brands like Tesla before. The mind-blowing tech features and futuristic style of their vehicles dancing before your eyes like some prize that will always remain just beyond your grasp.
Well, if you’re someone who has always merely assumed that Tesla vehicles are reserved for the exorbitantly wealthy, you might want to read more into car leasing.
While you may have heard about car leasing, you’ll probably be intrigued to find that it’s a practice applicable to even the flashiest, most high-end vehicles on the market. One example is a very accessible Tesla Model 3 lease.
Just like some of the world’s wealthiest, you could be behind the wheel of a futuristic Tesla Model 3 for a fraction of the price of purchasing one, and no long-term commitment to a depreciating asset.
If you’ve traditionally always bought your cars or you’ve never owned a vehicle before, you might still be unsure about exactly what car leasing is and how it works.
Leasing allows the driver to have full-time possession of a vehicle for a fixed period of time, usually between 24 and 60 months, during which they pay a predictable, fixed monthly fee.
At the end of the lease period, the driver can usually return the vehicle to the dealership and lease a new vehicle on a new contract.
Every lease agreement is different, and the terms outlined in each agreement can be customised to suit the individual or business needs of the leasing party.
Both individuals and organisations can lease vehicles – individuals will usually use a Personal Contract Hire lease, and organisations will use a Business Contract Hire lease.
These agreements function similarly, but the main difference is that organisations can claim back a portion of their VAT and are subject to certain benefits and tax deductibility that make leasing particularly appealing.
Apart from Personal Contract Hire and Business Contract Hire, there are several other types of leases that an individual or company can choose from.
From open-end to closed-end leases, short-term or long-term leases, eventual ownership leases and single-payment leases, there is a leasing solution to suit every type of budget and lifestyle.
The most important takeaway here is that you do thorough research on various dealership offerings, carefully read the terms of your lease agreement, and enquire about possible changes or negotiations that can be made.
For example, package additions such as an extended mileage allowance for drivers who travel frequently, maintenance and servicing appointments, and above-average wear and tear allowances can be worked into the lease agreement at the beginning of the lease period for an increased fee.
Car leasing appeals to many individuals and businesses because of its affordable monthly rates, lower initial down payment, avoidance of depreciation, and the ability to drive a new car more frequently without a long-term commitment to a particular vehicle.
However, it’s a common misconception that car leases are reserved for more everyday vehicles, as many dealerships offer leases for brand-new, top-of-the-range luxury vehicles. The Tesla Model 3, first launched in 2017, is a classic example.
The Tesla Model 3 comes in three specifications: the Standard Plus, the Long Range, and the Performance. This speedy, fun electric vehicle is packed with advanced tech features and boasts a sporty and daring exterior design.
One of its main selling features is that it was designed to prioritise safety, achieving a Euro NCAP 5-star safety rating in every category as well as overall.
It was crafted to have a very low rollover risk as well as front impact protection, a front-facing radar that detects obstructions that are 160 metres ahead of the vehicle, cameras on all sides to give 360-degree visibility of the driver’s surroundings and 12 ultrasonic sensors to help with parking and navigation.
Because this model is fully electric, the driver can charge it at home or on any Tesla charging network. When charged fully, the battery life can give 348 miles of travel.
As well as its advanced safety features and beautiful exterior, this vehicle also sports a comfortable, tech-savvy and luxurious interior.
A glass roof extends from the front to the back of the vehicle, offering sizeable headroom that is smartly equipped with protection from UV rays, and a 15-inch touchscreen display allows for easy navigation of the car’s many features and tools.
Heated seats, heated side mirrors and even a heated steering wheel create optimal comfort for the driver and passengers.
As the effects of climate change become more and more apparent, so does the need for accessible hybrid and electric vehicle options.
Tesla is just one of the many car companies working hard to make this possible, and the existence of lease agreements makes their innovative, environmentally-friendly vehicles even more attainable for the average driver on a budget.
You might be thinking that the vehicle’s reliance on Tesla charging networks would be a drawback, especially while driving long distances.
If so, it might comfort you to know that Tesla currently has over 45 000 Global Superchargers, with 16 000 of them situated on popular travel routes. Plus, it only takes 30 minutes to recharge the Tesla Model 3 to 170 miles.
If you’ve ever shrugged off the idea of driving a hybrid or electric model because you assumed these vehicles were financially out of reach, despite knowing how much better they are for our planet, it’s time to think again.
Lease agreements for vehicles such as the Tesla Model 3 are available today, making these futuristic, innovative drives more attainable than ever before.
Get behind the wheel of a Tesla Model 3 today with a flexible, budget-friendly lease agreement, and you’ll never look back.