That’s good to hear. I only sent my contract in the day before the price changes and I don’t think Octopus had placed my order with Tesla. I ordered the P-, so presumably I’ll now get the full fat P. I’d still actually rather have the P- (at a reduced price) because of the 18” wheels, but I guess that won’t be an option.
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That’s good to hear. I only sent my contract in the day before the price changes and I don’t think Octopus had placed my order with Tesla. I ordered the P-, so presumably I’ll now get the full fat P. I’d still actually rather have the P- (at a reduced price) because of the 18” wheels, but I guess that won’t be an option.
That is a good price, it is cheaper than what they were quoting before the spec change.
andyfox
Member
That's excellent. Is the excess mileage rate the same as before i.e. 5p per mile for first 10,000, then 6.6p?
pmg102
Member
Originally planning to use a car loan - but still no VIN or text, so looking at the options as no rush.
Octopus look good, will also request from Pink - any others?
Am also waiting for Tesla to rearrange on my work company car scheme list. They keep taking them all down, as the prices fluctuate...
Octopus look good, will also request from Pink - any others?
Am also waiting for Tesla to rearrange on my work company car scheme list. They keep taking them all down, as the prices fluctuate...
They have just come back and said they made a mistake. Price was for Standard model.
Updated prices are:
On 5000 miles the monthly would be £464.57 ex vat with excess mileage of 21.5ppm
On 7500 miles the monthly would be £495.74 ex vat with excess mileage of 21.5ppm
excess mileage is now 21.5pmm from the previous 4.5pm for first 10k after 5000 miles
andyfox
Member
That's also quite a jump in monthly rate as well. I'm assuming that's with 3 months up front?
andyfox
Member
For comparison purposes, that translates into (for 7,500 miles):
6 x 23 - £3200 inc. VAT (£2666 ex. VAT) deposit and 23 x £533.35 (£444.46 ex. VAT)
9 x 23 - £4350 inc. VAT (£3625 ex. VAT) deposit and 23 x £483.35 (£402.79 ex. VAT)
It's the excess mileage charge which really kills it, though. That's a hell of an increase.
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andyfox
Member
Are those figures correct?
I've extrapolated from awharton's quote to get 6x23 (7,500 miles) figures, so you're getting a bum deal there.
based on what awharton wrote as he quote 5kpa
the initial figure is just with vat added x 23
464.57 + 20% = 557.48
557.48 x 6 = £3,344.904
557.48 x 23 = £12,822.04
total = £16,166.94
yes not great now
the initial figure is just with vat added x 23
464.57 + 20% = 557.48
557.48 x 6 = £3,344.904
557.48 x 23 = £12,822.04
total = £16,166.94
yes not great now
based on what awharton wrote as he quote 5kpa
the initial figure is just with vat added x 23
464.57 + 20% = 557.48
557.48 x 6 = £3,344.904
557.48 x 23 = £12,822.04
total = £16,166.94
yes not great now
Based on 5k miles
£464.57 * 23 = £10,685.11
£464.57 * 3 = £1,393.71
Total £12,078.82
Total £14,494.58 in VAT
andyfox
Member
You can't quite work it like that, as the total lease cost won't go up if you change from 3 months deposit to 6.based on what awharton wrote as he quote 5kpa
the initial figure is just with vat added x 23
464.57 + 20% = 557.48
557.48 x 6 = £3,344.904
557.48 x 23 = £12,822.04
total = £16,166.94
yes not great now
So, his cost with 3 months deposit is:
3 x £557.48 (£1627.44) + 23 x £557.48 (£12822.04) = £14494.48
When you increase the deposit, the monthly will go down, as the total paid remains the same (assuming no change in mileage).
So, adjusting for 6 months, gives us approx. £3000 deposit + 23 x £499.76 = £14494.48
andyfox
Member
Looks that way. Brings them into line with most of the other lease companies, from what I can see.
It's a shame, but I guess it's the funders decision (SG Fleet), not Octopus.
I suspect SG Fleet are about to take a bath on the residuals for those customers who stick with their P- orders. The car has been devalued by about £5K thanks to the Tesla price changes. I believe they will be encouraging any P- customers to upgrade to the P+, in order to limit the financial impact of this.
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