Running Costs of a Tesla Model 3: Financial Breakdown

[@racetofindglitches5112]

The quality and overall presentation of this video is top notch, Great example of effort! Keep it up!

[@SpawnPoiint]

Thank you, it’s proper nice to hear that too.

[@shepardleroy6036]

dont know if you guys gives a damn but if you are stoned like me atm then you can stream pretty much all the new series on InstaFlixxer. Been streaming with my girlfriend during the lockdown =)

[@dallasheath1669]

@Shepard Leroy Yup, have been watching on InstaFlixxer for months myself =)

[@drewizaiah4030]

@Shepard Leroy yea, have been watching on instaflixxer for years myself :D

[@Jpndiazz]

every day i don't have a tesla is pain.

[@SpawnPoiint]

Sorry mate. When you come to the UK ...

[@Jpndiazz]

@@SpawnPoiint i''ll see you next year (; lol

[@maltherunner]

him getting in the car on the right side and seeing the steering wheel threw me for a loop.

[@SpawnPoiint]

😂

[@mazkhan8422]

How much are running cost now that electric prices are going up in 2022 ? I’m thinking about getting a model 3 but not sure now that bill prices are going up

[@olliedann]

I'm purchasing a Model 3 LR soon. Great videos on this channel.

[@Scenefromabove.]

I did not realise about when the best time was to get a quote beforehand, great point! Cheers.

[@SpawnPoiint]

No worries at all 👍

[@LordBeowulf]

Excellent video as always mate. You’re almost at 11k subs. I’m saving up for a home then eventually a Tesla for me & the Mrs

[@SpawnPoiint]

Thank you mate! That’s awesome too, yes sort the house then sort the car. Great idea 👍

[@Absolutetruth30]

M getting myself a TESLA soon... can save lots of £ massively... holidays on Caribbean with that massive savings... thx for all the info... u awesome bro... cheers!!

[@TACTICALTURNIP]

Insurance wise, my best bet was going direct to a company over the phone. I’m 18 years old and working my way towards a Tesla! I have a 2015 VW golf 1.6tdi DSG at the moment. I have 1 year NCB, I’m paying nearly £1300 a year.

[@SpawnPoiint]

Yes it's a total gamble when it comes to insurance, sometimes I find comparison sites come out cheaper, even when going direct, which makes no sense.

[@ElderberryLims]

Just realised where all this is filmed, close to me, great vid.

[@SpawnPoiint]

Thank you!

[@Roscoe1623]

Love these vids the info in this one is spot on just as I gear up to order my model 3! Il be using your referral code to 👌🏻

[@SpawnPoiint]

Thanks Ross. That’s awesome to hear too.

[@ryanbell4952]

I spend 250 a Month just in fuel in my M4… i think i spend around 1000 a month… really liking the idea of a tesla atm

[@SpawnPoiint]

That's what I was like with my 335i I had before. Road tax + petrol was crazy.

[@ANJIN79SAMMA]

Thank you great vid! i was between a model 3 and a BMW Z4 i20 - and im now back with tessla! the decision is made!!........especially when you pulled away from a standing start!!!!!

[@SpawnPoiint]

Hah best of luck mate.

[@zachblack5917]

Yes im first lol😂😂love your videos man!!

[@SpawnPoiint]

We've got a winner 😂, thanks for watching too.

[@LB-W]

That was a pleasant suprise

[@naderibeans]

Thank you for the video we took delivery for the Tesla Model Y 2 days ago. Keep up the good camera quality man you deserve more subs then HowToBasic!

[@SpawnPoiint]

Congrats on the new car. And thank you 🙏

[@B0BHW]

The 'premium connectivity' (internet connection) that was included in the price of my Model 3 Long Range runs out in September this year. Cost to continue will be £10 per month, so that's another £120 per year to be factored in. Even so, I totally agree with you that the car is way cheaper to run than any car I've ever owned before. And way more fun. What's more, I won't miss arguing with car dealership service departments over extortionate bills for clutch / brake pads / hoses / cam belts and other components all suspiciously worn out well before time. And about time too. Thank you for a great presentation Chris.

[@SpawnPoiint]

Thanks Bob. My connectivity runs out in November (you get a year for free), and I guess it’s technically optional whether to continue to use it. I most likely will just for Spotify.

[@robbiebaillie1049]

Superb description and honest feedback. Defiantly helps. Thank you

[@SpawnPoiint]

Thank you 🙏

[@nguyenquyet6643]

Many car reviewers sugguest that TCO of BEV is lower than that of ICE over the car lifespan. If they are right, why dont people go buy EV right away, why EV makers like Tesla still try to lower their battery cost from current $140/kwh to

[@lewisowens1884]

Really informative and well presented. Off down to Tesla 👍

[@BeefStakewithButterandGarlic]

Hey man, nice video I was just wondering how the hell do you get that cheap insurance. Im currently trying to find one and the cheapest one is £1800 if I put untrue details. Otherwise minimum £2600. I live in London....

[@liamh153]

I’m thinking about changing to a Tesla. But now it’s very hard to find any electricity less than 20p kwh. That’s 4 times you are paying. Could you give me advice?

[@khuramnasar549]

Wait 186quid..... A year..... My mind is just frozen!

[@LukeE94]

Fantastic video mate - well done. I travel the world riding rollercoasters and I’m actually in the market for a model 3 as we speak. In GBP, a model 3 in the US works out to be £21,000, so I plan to have a Tesla there, as over here they are closer to £40,000. As a Brit in the US market, I appreciate both prices listed. Cheers!

[@SpawnPoiint]

That’s great mate. That’s an incredible price difference too.

[@yessuz]

Your insurance price is super low. I cannot get anything below 1200 / year

[@Sam-fp8zm]

The further you drive in an EV the more money you save compared to petrol. Avg driving of 20-30km per day wont say any money per year due to the increase cost of insurance of EV vs petrol unless the depreciation of an EV is a lot less than a petrol car.

[@explosivefitnessuk]

Thanks. Helpful video

[@adampowell8414]

That’s honestly crazy, I legit didn’t know they were so cheap to run!

[@kshitijgaminghut3701]

In India this car is of 7 million INR means nearby 70k pounds

[@oguzhanylmazer2479]

In Turkey 102.595 pounds. But the car isn't sold by Tesla yet, some car galleries sell it. It's expensive partly because of that and there is %40 tax on cars which are imported from US.

[@kshitijgaminghut3701]

@@oguzhanylmazer2479 same in India

[@adasmith7141]

Nice review 🙌🙌 Thanks so much for sharing 🚘

[@SpawnPoiint]

Thank you for watching 🙏

[@mickalferraren1797]

Thank u

[@SupeDefy]

This vid got me thinking about all the maintenance I had to pay for on my past ICE cars: Oil changes, brake jobs (pads and discs), fuel filter, transmission oil and filter, oil pan gasket, timing belt, water pump, tune ups, O2 sensor, muffler, emissions tests, spark plugs, thermostat, alternator, starter, serpentine belt, hoses, fuel injectors,..... Just on brake jobs, I'll probably save US$2,000 for the life of the Model 3. Front pads 4 times, front rotors 2 times, rear pads twice. I would like to think all mechanics are honest, but it wouldn't surprise me if I got screwed by shady mechanics over the years. Don't even want to think about it. lol

[@SpawnPoiint]

It all sounds so unnecessary doesn’t it 😢

[@tobyyoung7962]

I spend £120 a week in petrol.... if only I could afford a Tesla I would save a fortune😂

[@GedUK]

Defintiely useful, thank you. My insurance will be much higher as I'm not owned a car for years so have no no-claims, but even so it'll start coming down quite quickly

[@SpawnPoiint]

Yes as you say, once you start collecting those no-claims you’ll be fine. Best of luck.

[@mlee6050]

I am 26 and my quote is £5k per year on insurance

[@jamiewickett7989]

Great video mate, I’m looking to make the switch to a Tesla from a diesel, especially with company car tax removed this year, although quotes for maintenance are about £70 a month on top...not sure it’s worth adding from what I’ve read! Is your accent sounds West Country, perhaps it’s my Bristolian interpretation!

[@SpawnPoiint]

Thank you! I wouldn't pay a penny towards maintenance personally, there's just no need. You'll only need to worry about tyres. Spot on with the accent, I am from Bristol 😂

[@jsouto77]

Thanks. I got a quote for a performance model yesterday and it came to £710 with ncb protected. and it pains me to just "waste" money like that. However having now done the maths... My golf R just renewed at £470. I then have to pay about £200 for the road tax. About £200 for an oil change and from time to time haldex service £110, DSG service £220, rear brake pads cost me £160 last year and the pads themselves are not cheap from tps etc etc. If I stop at just the oil change its already cheaper for the tesla and my main gripe these days is taking the car to the main dealer or an independent where for the most part they just want to upsell you stuff or try to flog you another car hence why have have to do all these tasks for my kids and mrs car as they could easily fall trap of this (thats 4 vehicles altogether and an feel like a full time job on its own!)....Rant over.....Thanks again and hope you continue enjoying your car :)

[@SpawnPoiint]

Thank you, it sounds like you've convinced yourself that Tesla is the the right answer 😉

[@colinhankers917]

Hi great review of model3 running costs are well below ice cars only problem is need to be cheaper to purchase

[@gjilanijoe]

For the potential owner/ driver this is crushingly inaccurate, the elephant in the room is depreciation. I did a very fair comparison thinking as I was thinking of changing my 14 year old 38 mpg petrol estate car with meteoric mileage on it. Given it was £4.5 k 7 years ago and is probably now worth about £1.7 K I did the maths over what 4 years would have looked like . A Tesla would cost approx £550.00 per month to run at 10,000 miles per annum. ( £400 pcm is depreciation !) Look at the value of a 4 year old Tesla with 40k on the clock) I included insurance which when I looked for an average UK cost is now £800 PA for a Tesla. My venerable but incredibly reliable 220k Japanese estate costs exactly £243.00 pcm to run- everything- all in - tyre wear , servicing, insurance MOT the lot. Even a £300 allowance Per annum for brakes etc - the usual things. Over 3 years I worked out the Tesla would cost approximately £26.4 K ( all in ) Running my vehicle depreciating at £33 per month has cost me £11.6 K on exactly the same mileage. Yes there is massive difference in fuel costs but this is disproportionately being focused by car reviewers. Given the major part of the carbon footprint of a vehicle is the building and construction we should focus on lighter vehicles and using our feet. I am off to re-sole my shoes.

[@gjilanijoe]

Sorry, calculation on the £26.4 K tesla cost and existing vehicle £11.6 k is over 4 years.

[@CarFinanceSimplified]

Really interesting video - many thanks.

[@Honda_Hooligan]

Ok, random question; you mention the regenerative braking, which sounds awesome btw. My question is, as you're not using the brakes the majority of the time, do the brake lights come on when you lift off the accelerator?

[@SpawnPoiint]

It's a good question, and one I did demonstrate in one of my earlier videos (I can't remember which one). Yes, the lights do come on. But only at a certain point, ie when the car feels like it's starting to 'brake' using regen, the lights come on. Also, the little car icon on the screen (next to the speedo), shows you a live feed of your brake lights, so when they light up, you know your brake lights are showing too.

[@karamrassam8348]

Really good video 👌 I have 2 questions for you. Would you consider buying a 2nd hand Tesla if you didn't own one? Can you get into the best financial options get a new Tesla e.g. pay it in one go, PCP.

[@SpawnPoiint]

Thank you Karam! Great question too, and in short, yes I would buy second hand. If I change in the future I'd consider second hand, as the warranty is 4 years for the car, and 8 years for the drivetrain and motors.

[@airbreath]

where you are in the world makes a big difference. still a great deal and Tesla is the greatest car company on every level :D No comparison

[@SpawnPoiint]

Totally agree, I feel the UK is in the middle in terms of running costs/purchase price.

[@jontymo]

Great video and well thought out and delivered. Thank you!

[@SpawnPoiint]

Thank you 🙏 I appreciate that

[@220xprowler]

@spawnpoiint What rear carbon spoiler is that you have on your long range model? Would love to know where to find that same one

[@IEatBubble]

Hello, I believe it is the one you get from tesla.com

[@wbagut]

Thanks for the tips on insurance!!! 21 days ahead saved me £538! Crazy

[@SpawnPoiint]

That’s awesome news mate. Thank you.

[@enyaq_gorm]

I'm just over 15p per kwh with octopus, no smart meter, but I charge on public chargers for zero :-)

[@SpawnPoiint]

Nice one, yeh public charging is awesome when free. I’ve never paid yet.

[@njmase]

What’s a good app/site to see where free public chargers are? I’ve checked “PlugShare” and “ZapMap” in the UK but it seems that it only shows paid ones?

[@SpawnPoiint]

I use Zap-Map. I change the filter to ‘Free’ under payment and it works for me.

[@njmase]

You know what. I didn’t really play around enough with the search and filters because I don’t yet have an EV. Cheers

[@chrisgayle1623]

Wow, very informative. Makes me want to get one more

[@thescallytrader]

I've seriously got to question the £15.50 for 1000 miles travelled. Let's be fair and suggest you get 200 miles per full charge that is 5 full charges at £3 per charge. There is no fucking way that you can charge a Tesla Model 3 at home from 0 to 90% for £3.00 - fucking no chance I don't care who your energy supplier us.

[@SpawnPoiint]

I’m guessing maths isn’t your strong point.

[@fms4777]

Well Done video. I have been considering buying a Tesla and this video really helped. Thank you!

[@SpawnPoiint]

Thanks mate.

[@ianpattison6643]

Great series of videos. I've just placed an order for a Long Range AWD via your referral link. Cheers buddy!

[@SpawnPoiint]

That's awesome to hear! Best of luck with it too!

[@SWFan77]

The fuel cost formula is a bit skewed for us in the U.S. Our gasoline costs are significantly less and if you have an efficient gas car the cost of fueling in gasoline can actually be cheaper than the cost of electricity. Where I live my my electricity rate is $0.14/kWh all the time, no preferential rates for time of day. Regular gasoline in the U.S. currently is at $1.99/gal. With that said, you still are going to make up most of that cost differential in the reduced maintenance. For me I replaced a VW GTI with a Chevy Bolt. The GTI required premium gasoline which meant my gasoline cost per gallon the last 5 years averaged around $2.75/gal and at that price the cost to charge at home is cheaper than gasoline. I save about $800 per year in fueling costs. And on top of that I save roughly $200/year on oil changes. However, where I live I do have to pay an annual $75 EV registration fee above and beyond the regular vehicle registration cost to make up for lost fuel taxes.

[@NickJones-sf3zj]

Great video as ever I had my BMW i3 for 2 years love it but only problem with the i3 are the tyres I had a puncture last Sunday it took 2 days just to get a tyre for 155 front I think I would only swap from bmw i3 for a Tesla

[@SpawnPoiint]

Thanks Nick! 155 width, wow that’s narrow I guess not a lot stock that then.

[@Pred1561]

I had an i3 until September when I switched to Model 3. Had a similar experience with the tyres, in one month I had 3 punctures on 2 occasions. BMW recovered the car both times and took 3 days to replace them as they were hard to get hold of. I am hoping the more 'normal' size of the Model 3 will be easier to get and perhaps more robust!

[@NickJones-sf3zj]

Paul Redfern I love everything else about the car BMW breakdown was excellent got me a loan BMW series 7 which Was a stunning car but wasn’t me lol. The issue with the tyres just put me off a bit just getting hold of them is the pain

[@Pred1561]

@@NickJones-sf3zj I have to agree, I had 4 BMWs over the last 10 years or so and have never been able to fault their service or quality so it took a lot to turn my head to Tesla. Sure the quality and finish is not quite up there with BMW but it is good enough for most except the fussiest of people. In my opinion the technology and the way the product is designed and presented in a Tesla can't be matched by any other manufacturer at the moment.

[@SpeedSetSims]

Thanks to you, our family have switched to octopus energy with your referral link.

[@SpawnPoiint]

That’s awesome to hear. Congrats too.

[@nigelwilliamson5714]

And this video is of course for private buyers. For those who have one as a company car, there is zero benefit in kind tax for this year, then 1% next and 2% the year after, and if you happen to buy as a limited company, you can offset the whole price against your corporation tax, which is currently 19%. Its a bit like when solar panels first came out, the government were too generous and changed the allowances quite quickly, suspect that the amazing tax advantages won't last long!

[@SpawnPoiint]

Totally agree Nigel. As we’re ‘first’ were reaping the rewards, but this can’t continue if everyone goes electric.

[@crm114.]

Good summary. I would add, after the first year, the connectivity cost which is around £120 a year.

[@SpawnPoiint]

That’s a good point, although optional I guess (the same as the standard range plus). I’ll probably get it, but you could hotspot off your phone technically.

[@MrOtbc]

Hi. Could you tel me how much it would cost you to fully charge the Tesla overnight please? As I’m trying to work out how it would cost per month compared to diesel. Is it say a few pounds to charge roughly? Thanks, Shaun

[@SpawnPoiint]

Yes, I have a video on the channel about charging. It covers it all. 75kWh batter (LR) will cost around £3.75 on a 5p rate.

[@MrPartyGamer]

Everyone with a decent job and manages to save money every month after bills are payed. Should be able to afford a Tesla model 3. I can for sure say that this will be my future car, why should I get another car? Petrol and diesel are good cars, but I can’t fill up my petrol or diesel when I’m working?

[@SpawnPoiint]

Exactly!

[@teslajake]

Love the detail great content! Love your model 3! You pre order a cybertruck? I have the Tri-motor on order to join my 2018 LR AWD Model 3 here in the states

[@SpawnPoiint]

Thank you. That's awesome, I haven't ordered one yet, but I'm very tempted. The states will get it years before we do, so I have time to think it over.

[@Moakalatte]

I’d actually love to see a Cybertruck in the UK, although I can imagine it would be tricky driving it on some of the roads near us in the North of England 😂.

[@jimmyvongmusic]

Second! love your videos too! haha

[@SpawnPoiint]

Thanks Jimmy!

[@nigelpearson6664]

I checked with UK wholesale electricity at about £71 per megawatt hour previously in the year. When I was forced to shift to Octopus the on the day price was 28 pence ( £280/MWh ). 5p/KWh is a big loss to the supplier. About a year ago I was paying 11p then 16 p. When the new nuclear reactor in Somerset was said to be just under 12p/kHWh it was said to be a dreadful price. Now it looks OK. If you take gas at 3p/kWh and a best possible conversion rate is 7p/kWh of gas generated electricity. Even that is a 2p loss. Gas I think is about 9 pence/kWh right now implying about 20p for gas produeces electricity. 28 p gives them a profit. Wind I believe can give 6p/kWh if the wind blows.

[@Khristofu]

Could I ask who you found to be the best financing company? So far I've not found that many 3rd party companies. Forza Finance seem to be best i found. They were offering 5.4% APR last month (could have changed now) Love the content btw 👌

[@ASuwan22]

Mines arriving in December. Ordered 2 months ago, cant wait. Will be moving from a very nice 2020 Mercedes C220. Looking forward to going electric though.

[@samsonwakayu7737]

What an amazing review crystal clear

[@SpawnPoiint]

Thank you dude.

[@pillargauss]

Thank you for sharing. I just watched another video. The guy posted it just a few weeks ago. He said the supercharge is now about 60p per kWh, sounds lots of more expensive to charge now.

[@Richard_Barnes]

In 2019 I spent £1325 on Shell V-Power UL only, covering only 7,200 miles as it was mostly urban at 25mpg. Very few long journeys at all that year. 😂 At least being 51 gets me £400 insurance which is good for a modified engine re-map, etc.

[@ianashton886]

Been binge watching your videos as seriously considering switching to a model 3. Currently I run a BMW X1 which I lease. Plan would also be to lease a Model 3. Although the monthly cost would be higher I’m thinking the savings of not having to buy diesel, no road tax and all the other savings you mentioned in the video would more than offset the additional lease cost. As I’m retired now I only cover around 10K miles per year which is mostly local, so I’m thinking standard range + would be all I’d really need. Appreciate you posted the video a while ago but based on more experience now you’ve had the car longer would you say my thinking would be correct ? Great info in your videos, really well put together and thoroughly enjoyable to watch. Thanks !

[@SpawnPoiint]

Thanks Ian. Yes my views and costs etc are the same today. I’ve spent zero on maintenance, obviously no fuel or road tax. So the monthlies in your situation would offset the cost easily. Just make sure you’re on a good energy plan, then it’ll be even cheaper.

[@ianashton886]

@@SpawnPoiint Thanks for the quick reply, very much appreciated. If OK I’ll use your referral code when I’m ready to go ahead ? Have seen the info regarding charger and energy plans and will be following up on these too. Thanks again for the feedback, will be subscribing to your channel. Cheers.

[@Osmosis909]

Great video, really informative. I’ve just picked up a Tesla Model 3 LR and looking for a better energy provider, will check out octopus energy!

[@simonpayne80]

Used your Octopus referral code mate. Thank you.

[@SpawnPoiint]

Thank you Simon, I appreciate that 🙏

[@kgrasi]

This was an excellent video. I appreciate all the information you provided!

[@SpawnPoiint]

Thanks for that 🙏

[@philcartwright1781]

More excellent, detailed and accurate content - thanks. I think as Tesla roll out more mobile services in remote areas like this then the ownership experience will be even better, such a sham that a mobile technician was not available to plug the wiper motor back in, did Tesla Leeds offer this?

[@SpawnPoiint]

They didn't offer it unfortunately. Maybe they do now, as this was 2 years ago. I'd hope there are more mobile technicians now.

[@philcartwright1781]

@@SpawnPoiint I believe many more will be needed as MY hits next year the centers will need remote support.

[@IEatBubble]

Got any tips for saving for a tesla? And what do you think of an tesla model 3 for a first car?

[@SpawnPoiint]

Set a goal, whether that's weekly, monthly or yearly. Create a standing order/Direct debit for an amount, and don't touch it. When I have a goal, it's far easier to save and stops the spending.

[@tantanman2852]

The main issue is the feel and interiors and quality don’t feel like £40/£50k cars. Hopefully they get there in a couple years though.

[@nigelpearson6664]

I think it's now 28 pence/hour. Watch this space. Solar in the UK????

[@SpawnPoiint]

28p? I'm still paying 5p.

[@aswinmahesh8284]

Such a brilliant video, thank you so much :)

[@SpawnPoiint]

Thanks for watching.

[@Seti12345]

Good video but I have to disagree when you say you could get a comparable car for the same money. A model 3 long range is about as fast as a BMW M3 and they cost significantly more

[@TonyGee1]

As always, very helpful and detailed. Thanks

[@SpawnPoiint]

Thanks Tony

[@warren4792]

My question is, why is the M3 so expensive in the UK? To buy one in the US its $33000 which is only £27000 including VAT. But to buy one here its £13000 more. I get that they have to transport it and the costs to get it over here. But seriously, its cost 13000 to do that? Are prices going to be fair once the factory in Germany is built?

[@SpawnPoiint]

I hope and believe the Berlin factory will allow prices to come down. It has to really.

[@warren4792]

@@SpawnPoiint Yeah I really hope so too. A model 3 would be really in my price range if it was the same as the US. Its just a bit too pricey at the moment. Hopfully we see prices drop after the German factory start production.

[@chocolatebex]

Can you do a cost update now that energy prices have risen? If your home energy cost has risen of course

[@SpawnPoiint]

Mine hasn’t (yet) as I’m on a fixed until October 2022. Then it’ll hit me 😅

[@PIPERBOYWILLIAMS]

Cars not worth saving a little money in gas over 5 years. That car is too expensive and not a looker

[@SpawnPoiint]

😎

[@Mark..P]

Great video and very helpful, especially that we are close to pulling the trigger in one of these.

[@SpawnPoiint]

Thanks Mark. And good luck for that too 👍

[@tr7daniel]

Hi Chris, I've been following your vids from the start - very informative. Could you tell me, have you kerbed your alloy wheels yet ? Not exactly on topic I know.... or is it ? .... as it's going to add a repair cost in at some point, particularly if it's a lease car. From what I've been reading it's practically impossible to drive the model 3 without kerbing the wheels at some point cheers

[@SpawnPoiint]

Thanks for following along! Right now (I hope this doesn’t change now) I’ve not kerbed my alloys no. What makes you think you can kerb them easier than any other car? They’ve got decent profiles on (45), and my previous car had 30 profile, just had to take it easier.

[@tr7daniel]

@@SpawnPoiint Well, there's quite a discussion going on at the moment on the TMC forum teslamotorsclub.com/tmc/threads/curb-rash.197518/ regarding kerbed rims but interestingly, it seems the 245 Goodyear Eagles have a slight lip which protrudes further than the rim and helps protect from kerbing. Which tyres on your car Chris ? The tyres on my current Lexus RX bulge out much further than the rim and tbh I don't think you could kerb the Lexus rims if you tried.

[@SpawnPoiint]

Mine have the Michelin Pilot Sport 4 on. Maybe I’ve just been lucky so far.

[@tomooo2637]

Another UK saving is that if you can pursuade your employer to do salary sacrifice leasing then your lease payment is tax rate free. There is zero BIK on electric cars this year, 1% next year. So in my case my monthly payment is just £290 for model 3 long range. That cost includes all servicing and tyres.

[@SpawnPoiint]

That’s an awesome price for a lease !

[@tomooo2637]

@@SpawnPoiint there is a anomaly in the UK tax rate which is effectively 60% for a narrow range of pay, so my lease cost to me is 40% of total.

[@swagmasta4764]

You know a youtuber cares when there's a pound AND dollar price.

[@duncanbaza]

On the insurance, I have been quoted £1.5k - 6 years no claims... that was from Churchill. I can only assume it’s based on age?

[@SpawnPoiint]

There are so many factors. Age, location, parking, annual mileage, I've even read it takes into account previous cars. I'm early 30s in Yorkshire.

[@duncanbaza]

@@SpawnPoiint There’s no escaping the insurers. Thanks for your thoughts, I’m late 20’s so might be mostly due to age and not having as many years No Claims Discounts. Such a pain!

[@dazt66]

Still much higher that what I pay for my car. Even with monthly car repayment

[@adamsturdy321]

I think NCD usually caps around 5 years and after that doesn't make a difference. That's according to my brother who works at Admiral anyway. Insurers on their end also start your NCD at -2, so when you have 2 years NCD you actually have 0. Again, came from my brother so maybe take with a pinch of salt 😂

[@SpawnPoiint]

haha, that could be true. When ever I get my yearly NCD letter, it shows 9 years, but I have 13. I always ask them to add a note that I have more.

[@georgeedwards6532]

Hi spawn point I've finished building my desk inspired by the one you have. I've sent you a picture of it on Inatagram if your interested, (@george_edwards_2006). Great video by the way the model 3 is such a nice car.

[@SpawnPoiint]

Thanks! 🙏

[@benkayuk]

Great vid. We just got our model 3 LR last week - I used your referral 👍👍 can I ask where you got your plates from (front especially) and which spoiler? Thanks!

[@SpawnPoiint]

That’s awesome, thanks too. If you check my kit list (Tesla accessories) it’s in there.

[@Tresla]

You say the regenerative braking covers 100% of your braking needs. But, what if you're going down a hill? Is the regenerative braking strong enough to overcome gravity?

[@SpawnPoiint]

Depends on the hill I guess. My drive has a decline and the regen stops the car from rolling, I have to use power to move it down. The regen is very strong though, it's as good as using 50% normal brake power I'd say.

[@fturla___156]

Our Tesla model 3 charging costs is usually at least 50% lower than it should be because several locations that we go to offer free charging of electric vehicles as a complimentary service for shopping, eating at restaurants, or other purchases. On an annual basis, we currently spend less than 100 US dollars on electrical charging costs and that does not calculate in the free services we haven't used yet on credits to use with Tesla. Little to no inspections, smog tests, and other vehicle maintenance that usually adds somewhere between 500 and 2,000 dollars to automobile costs on an annual basis give great incentive to never go back to buying ice cars in the future. And yes, we still have some ice vehicles, but they'll become obsolete soon enough.

[@SpawnPoiint]

Exactly

[@jasonburden7999]

Amazingly informative and easily the best video I've seen around EV running costs. You mentioned that you can offset the monthly rental cost against the running cost but I just wanted to ask how you do this? Is it through a business only or personal use as well? Thank you!

[@jameshaestier7150]

You’ve missed depreciation! By far the biggest annual cost of owning a new car. Currently Tesla’s hold their value better than almost any other car.

[@SpawnPoiint]

True, if you’re going to buy/sell it it’s definitely a factor, but if you’re leasing/PCH/PCP it’s irrelevant. Whereas the running costs remain the same regardless of the purchase method.

[@madmike6266]

did you lease it or pcp or buy it? im doing pcp!

[@dangrass]

Good piece, but I think you should have compared the fuel cost to a BMW with comparable performance.

[@SpawnPoiint]

We both know that wouldn’t have been fair to the ICE 🙈. I had a 335i before, so I know 25mpg, £400 road tax and maintenance was eye watering.

[@JackWBaker]

Great video man

[@SpawnPoiint]

Thanks mate.

[@mikefealey5221]

Re: insurance. I had a great deal with Direct Line. I only had 4 years No Claims. Well worth checking them out as they don't appear on comparison sites👍

[@SpawnPoiint]

I did contact them too, they were a little more expensive for me.

[@masterquadbiker]

Very good review glad I come across this, looking to put a nice deposit down on a model 3 next year at some point, do you know if Tesla does trade ins? Gotta figure out the best way to get rid of my Fiesta ST 😂

[@SpawnPoiint]

They definitely do trade ins yes. Although it’ll be low like any garage, as they just send them to auction.

[@abiemogul2204]

How come it costs less in dollars?

[@everything777]

Because a dollar is worth less than a pound primarily. Plus different taxes and costs for the manufacturer in different territories

[@thisistotallyfine]

Would you consider adding a front lip?

[@SpawnPoiint]

I would, do you think it needs it?

[@thisistotallyfine]

SpawnPoiint I think it would look nice, but not sure how it will look on 18” wheels. I’m also considering doing it on mine when It arrives.

[@malkum61]

I really like your numbers plates did you get Tesla to do that or did you do it after you got the car?

[@SpawnPoiint]

I put them on after, I actually show the installation in my 6 months later video.

[@malkum61]

@@SpawnPoiint Thank you, I've only just started watching your channel, it's good. Going for my Standard Plus test drive on Friday!

[@SpawnPoiint]

Awesome, hope it goes well.

[@malkum61]

@@SpawnPoiint It went brilliantly and more important my wife liked it too. Who do you think is the best homepoint charger company?