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UK Inventory cars... Price difference...

Discussion in 'The UK and Ireland' started by Mark_T, Jun 9, 2018.

  1. Mark_T

    Mark_T Member

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    Checking a few options on Tesla.com and I noticed that the quoted monthly cost when displayed on the summary screen, is lower than the cost shown on the details screen, any idea why?
     
  2. sidmini

    sidmini Banned

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  3. Terry_B58

    Terry_B58 Member

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    The summary screen is just an example to 'get you through the door'.

    Also remember that new cars get a lower interest rate than the 'Used' cars, not sure what the rates are now though.

    As sidmini has stated, use a referral code to get free supercharging, use someones who has helped you along the path to purchase, or someone who will actually gift their referral 'gift' to you or donate the flyer to a local hospital etc.

    Happy hunting for your new car.
     
  4. Mark_T

    Mark_T Member

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    image 1.png image 2.png

    So, somehow £635 per month has become £687 a month...

    BTW, I'm fully aware of the referral codes, thanks guys.
     
  5. pkodali

    pkodali Member

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    Interesting that it's a 2018, but it is a 75RWD and lists SAS as an option. For the lease number, try playing around with the options as different mileage etc. will change that cost
     
  6. Mark_T

    Mark_T Member

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    That specific vehicle is not one I am interested in but all the new inventory cars show the same difference.

    They are all based on the same £10,000 down/48 months so it isn't a change there either.

    If nobody knows I'll talk to Tesla to figure it out and report back.

    One further comment re referral codes, just to save time for everyone, I will only use a code from a UK owner and I already have a short list of those who have provided useful information and help, so unsolicited offers will not receive a reply.

    I hope you all understand, but it is a little irritating to get random messages on here whenever I ask a question that might indicate that I might be purchasing a Tesla... :)
     
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  7. sidmini

    sidmini Banned

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    Mark_T have not come across that difference in monthly prices before, however I would argue that the first price is the one that they should be offering you.
     
  8. sidmini

    sidmini Banned

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    left side is apparently PCP and right side HP (higher purchase) which will always show a higher cost due to the agreement. Do you have the car spec / VIN? the APR can be wrong sometimes too best to confirm with Tesla sales and they will get you the right price.
     
  9. Mark_T

    Mark_T Member

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    I've gone through the numbers carefully now, it isn't PCP vs HP, the difference would be a lot higher if that was the case, but it does seem to reflect a difference in PCP interest rate.

    The first, lower price, reflects an interest rate of about 2.9% whereas the second higher figure is the normal 4.9% shown for custom orders.

    You have to adjust for the reduced price of the inventory car and the difference in deposit (£11,000 on custom vs £10,000 on inventory) but the number work out with that assumption.

    I'll check with Tesla to see if it is correct that there is a lower interest rate on inventory vehicles...
     
  10. thegruf

    thegruf Active Member

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    was just about to post someting similar but you beat me to it.

    Let us know if Tesla confirm, it is entirely possible if they are trying to shift inventory cars, also entirely possible they made an error ofc ;)
     
  11. DJP31

    DJP31 Member

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    I think it’s the Tesla smoke and mirrors trick. It’s the same if you custom build a car. The lower figure is a contrived cost taking into account petrol savings etc. There’s a tool here:

    Tesla Cost Comparison

    The actual payment per month is the higher one.
     
  12. scarlet

    scarlet Member

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    Mark APR for inventory 75 is 3.5% 100 is 2.5% all custom builds appear to be 4.9% Would be interested to hear your report
     
  13. Mark_T

    Mark_T Member

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    I'm familiar with that one, but no, that isn't it in this case, the numbers don;t stack up.

    I tend to agree, it does look like they are showing much lower APR figures for the inventory cars, and yes it does look like the 100 is getting a better rate than the 75.

    I'll call tomorrow and see if I can get a straight answer.
     
  14. Mark_T

    Mark_T Member

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    I'm familiar with that one, but no, that isn't it in this case, the numbers don;t stack up.

    I tend to agree, it does look like they are showing much lower APR figures for the inventory cars, and yes it does look like the 100 is getting a better rate than the 75.

    I'll call tomorrow and see if I can get a straight answer.
     
  15. Asterix187

    Asterix187 Member

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    The prices at the top are based on 60 months.
     
  16. Mark_T

    Mark_T Member

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    60 months isn’t an option on the website and even if it was the numbers still wouldn’t work.

    The APR difference does make sense numerically, I’ll try to get confirmation in the morning.
     
  17. Asterix187

    Asterix187 Member

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    I just got it from clicking the i
     

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  18. Mark_T

    Mark_T Member

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    That is from a CPO and will be a hire purchase number, in this thread I am talking about the 'New Inventory' cars, not the CPO options.
     
  19. thegruf

    thegruf Active Member

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    no news back from Tesla yet Mark?
    I'm curous if your analysis is correct!
     
  20. Mark_T

    Mark_T Member

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    Waiting on a call back, first conversation went like this...

    'So how is it that there are two different prices as you progress through the details?..'

    'One moment sir I'll take a look..'
    ...
    ...
    ...
    'Hmm... I see the problem, this will need to be escalated to our Technical Team'.'

    'OK, so which is the correct price?...'

    'err... I can't really say' ...

    So, waiting on a call back right now from someone who can say :)
     
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