Buying vs Leasing vs PCP a Tesla via a UK LTD company. Spreadsheet Comparison VAT & Corporation Tax

If you have found this free video/spreadsheet useful and do end up buying/leasing a Tesla then please do consider using my referral link, we will both get 1,000 supercharger miles if you do:

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Download the spreadsheet at https://rickontesla.com/blog/post/buy...

Having a £50,000+ Tesla sat on the drive, depreciating in value each and every day is not a wise investment in my eyes. There is an opportunity cost of having all the money tied up in a depreciating asset. As such, I set about creating a spreadsheet that would compare the total cost and tax savings over a three-year period for 3 financing routes when buying as a VAT registered profitable UK business:

1) Buying the car outright
2) Leasing the car (Business Contract Hire)
3) PCP (Personal Contract Purchase)

Hopefully this information will be helpful to someone out there in a similar position looking to buy a Tesla or comparable electric vehicle that wants to see a comparison of Buying vs Leasing vs PCPing.

My spreadsheet and figures are based on the total purchase price for the Tesla Model 3 I selected (Long Range, Red Multi-Coat, White Premium Interior, 18" Wheels) which at the time of writing costs £51,690.

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Timestamps:

00:00 Intro
00:20 Disclaimer
00:48 Spreadsheet Overview
01:03 Basis For Comparison
02:22 Buying A Tesla through a UK LTD business
04:40 Leasing A Tesla through a UK LTD business
07:01 PCPing A Tesla through a UK LTD business
09:00 Comparing Buying vs Leasing vs PCP
10:36 Buying vs Leasing & Investing
14:12 Inviting Comments & Feedback
14:53 How I'm Financing My Tesla
16:00 Outro

#tesla #tsla #teslamodel3

© Rick On Tesla 2021