It’s how other car companies are discounting their cars without dropping the MSRP and screwing residuals. You’ll also see them throw in contributions into a PCP also which discounts it more. Add in discounts that often aren’t discussed openly but we all know they happen and whole sites exist to aid in this like Carwow.
It does hurt a bit I’m sure but not as much as just lobbing off a large discount on the MSRP. Tesla has less options though because they only sell online so you cannot haggle with them for starters.
Bank of England rate has nothing to do with what they set this at. It’s a supply / demand lever. Model Y obviously needs more levering than Model 3 at the moment.
