Everything You Need to Know About Tesla Leasing in 2025 in the UK

Now that electric vehicles are one of the fastest-growing categories in the UK, it’s natural to start thinking about upgrading. Tesla is very much the established brand in the electric car world, thanks in large part to a visionary owner who is constantly in the news.

To make sure you get the right deal for you and your family, we’re going to guide you through everything you need to know about Tesla leasing in the UK in 2025. Let’s take a closer look at the details and key points so that you understand your options.

Why leasing a Tesla is better than buying

Buying a car outright might sound like a smart move because you’re not taking on any monthly payments, but is that really the case? Unfortunately not. The moment you drive your car out of the dealership the value drops. In fact, you can lose 60% of the value in as little as 2 years, irrespective of how well-maintained the car is. Unless you’re dealing in vintage cars and building a collection, no one buys cars to make money.

Leasing, on the other hand, allows you to make an initial payment followed by a series of monthly payments for the duration of a fixed-term contract. The leasing company owns the vehicle at all times and you simply hand it back in good condition at the end. This is ideal if you don’t want to be stuck with an asset that has significantly dropped in value that you then need to try and sell to help fund your next purchase.

How does Tesla leasing work in the UK?

Here’s a quick rundown of how it all works so that you can decide if this highly affordable, financially flexible option is for you:

• A Tesla lease will typically run for a period of 2-3 years, during which time the leasing company retains ownership of the car
• You will make an initial payment (expressed as a multiple of the monthly payments) with larger initial payments resulting in smaller ongoing monthly payments
• The mileage you can drive each year will be outlined in the leasing agreement with higher mileage options available at a premium

Many Tesla leasing arrangements in the UK also bundle in the cost of road tax and come with a full manufacturer’s warranty for peace of mind. There are also a few other things you need to consider along the way.

What else do you need to know about Tesla leasing in the UK?

While Tesla leasing is one of the quickest, lowest-stress ways to drive a brand-new EV for an affordable price, there are a few things you need to be aware of:

• From April 1st, 2025, any new EV you lease has to pay £10 road tax in the first year. This will then rise to £195 in the second year and continue at this rate for all subsequent years
• Businesses switching to electric are encouraged to take a look at the 100% First Year Allowance that can help spread the cost of adopting a greener approach
• If your current car is eligible, you may be entitled to a payment of up to £2,000 for scrapping it and switching to electric under the ULEZ Scrappage Scheme

Now that you know how it all works and the considerations you need to make, we need to help you find the right Tesla leasing deal.

Where can you find a competitive Tesla leasing deal?

The government is fully behind the switch to electric and is backing a series of salary sacrifice schemes that many companies are now offering. If your company has such a scheme, it could be a smart way to save on tax.

Others choose to go directly to Tesla’s UK website for access to the latest models, as well as to browse price comparison websites. While there are certainly deals to be found, there is another approach that offers the best of everything.

Contacting a dedicated leasing company will allow you to navigate the process of Tesla Model 3 Leasing the smart way. A combination of industry knowledge and personal service, all delivered via a single point of contact, puts you in control of the process every step of the way. Ideal when you want to be able to make the switch to electric and get on the road for a price that is guaranteed to work for you.

Final thoughts

Make the switch today with help from an independent expert and you will be able to spread the cost of driving the very latest model without ever running the risk of getting stuck with a depreciating asset. Perfect when you want to be able to get on the road the smart way and never look back.