Tesla Model Y price cut: get this electric SUV for just £299 per month

The Tesla Model Y is one of the most popular electric SUVs on sale today, and the brand has just cut the monthly cost by a quarter if you buy one on a 36-month lease.

It’s dropped the monthly price from £399 to £299 so long as your car is delivered before 13 September 2024. This is on the rear-wheel drive model over 36 months with a £4,499 deposit up-front. You also have to stick to a limit of 10,000 miles per year, or you’ll face a 20 pence-per-mile fee for every mile over this.

This offer is available directly from Tesla’s website or from Tesla dealers.

Check out Mat’s in-depth review of the Tesla Model Y…

So how does this compare to other electric SUVs on the market? Well a quick browse through Carwow’s leasing deals at the time of writing shows that you could have an entry-level Volkswagen ID4 on similar terms for £336 per month, while a Hyundai Ioniq 5 will run you £347 per month.

The ID4 may be more comfortable to drive than the Tesla, but the entry-level model you’ll get for this price won’t match it in terms of driving range. The Hyundai is also a more exciting car to look at, and it has a nicer interior, but the Model Y has a cavernous 854-litre boot working in its favour versus the Hyundai’s 527-litre capacity.

You can check out Carwow’s latest lease deals through our leasing deals page if you’re looking to save money on your next electric SUV, or take a look at our used Tesla Model Y offers to grab a bargain. Looking to sell your car for what it’s really worth? Carwow can help with that too.

Looking for an easy way to change your car? Then Carwow is the place to go. You can sell your old car for a great price, and get the best deals on a new one. All through our network of trusted dealers and all from the comfort of your home. Tap the button below to get started today.