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Discussion Starter #1
Hi

my wife's work offer a EVs leasing via Salary sacrifice. The provider for this is Arval. In theory this should be an affordable way of driving a model 3 but I am surprised by the monthly leasing cost they are quoting.

Arval only offer 36 Month leasing deals via this scheme (they do offer 48 for normal leasing) and all deals include maintenance and insurance. You cannot have it without.

The price they are quoting for a Tesla Model 3 Standard Plus is
£802/pm as the salary sacrifice. So with a Tax rate of 40% that is quoted as £ 465.24/pm going up to £ 494.86 in the 3rd year because of changes in the BIK.

That figure of £802 sounds far too high! There is no deposit and it includes maintenance and insurance but
I have seen 'normal' lease quotes for the same car (and no deposit or only 1 month deposit) that comes in around

BridleVehicleleasing.co.uk (8000 miles/year, 36 month, incl maintenance)
Business: £503.08/pm excl VAT
Private: £603.69 incl VAT


Allcarleasing: (no maintenance)
Business: £465.60 excl VAT
Private: £558.72 incl VAT

I assume for comparison we would need to use the business lease quote. So how come their quote is £300/pm heigher?
Yes it does include insurance but that should only be £50-£70/month.

Has anyone else got a Tesla Model 3 via Salary sacrifice? What is your Total Gross Salary Exchange?

The odd thing is that they offer a lease for a Audo e-Tron for $447/pm (net sacrifcie).

I have asked them how that could be:
  1. The costs can vary between manufacturers depending on what manufacturer discounts they provide. This is why you may see Jaguar and Audi coming in less than the Tesla.
The Audi is £20,000 more expensive than the Tesla!
They would also not provide a quote where the prices for the lease, the maintenance and the insurance is listed.

As anyone got a normal Business leasing deal with Arval? I have the feeling that once you a locked in with them (because the company chose them as the provider) they overcharge you on the additionals that you can't opt out of!

I am trying to collect enough information to challenge them on that quote.
 

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I think insurance may a biggie. I've got an e-Niro on salary sacrifice but through LeasePlan. The provider also offer Tesla models but they attract an additional insurance excess and a higher premium.
 

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Discussion Starter #3
I think insurance may a biggie. I've got an e-Niro on salary sacrifice but through LeasePlan. The provider also offer Tesla models but they attract an additional insurance excess and a higher premium.
I understand that, I had a look at insurance for the Tesla and the cheapest was about £600 (twice what I am paying for my current car). But if you look at the other normal lease deals, they come in at £500/pm (+VAT which you would not have for salary sacrifice) incl maintenance but without insurance. They can't tell me that the insurance for a Tesla 3 is 12x£300 = £3600 per year!
 

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iPace HSE / 2019 and eTron 55 / 2020
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They're running it to make money. Not to sell you a cheap lease. As said the costs include insurance, maintenance, tyres etc, and also include an element for leavers and early handbacks so the employer is not stuck with unwanted cars.
 
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