In this short guide, find out how to get a Tesla electric car subscription, how much it costs, and why it’s easier, faster, and cheaper than any other car driving option.
With a car subscription, you won’t own the car — you simply pay a single monthly fee to drive it. Unlike financing — in which the finance company owns the car until you’ve paid off the loan — or buying a car outright, you won’t own the Tesla at the end of your subscription. But in return, you’ll avoid all the headaches that come with car ownership.
The monthly fee covers almost all other driving costs (excluding charging and, in some cases, insurance). When you’ve paid for your first month, your Tesla will be delivered to your driveway.
Teslas are still more expensive than most other electric cars, even on subscription. But you can still drive one at a much more affordable rate than if you lease, finance, or buy.
Here’s an example based on availability at elmo, a specialist electric car subscription provider. They offer a Tesla Model 3 for starting from £1,110 per month. Based on a 60-day month initial term, you’ll pay less than £40 per day to drive your dream car. You can find more Teslas from our other approved partner EZOO.
You can also ignore all the costs that come with car ownership, such as servicing, maintenance, and breakdown cover, as well as car depreciation. The only ongoing cost is charging your electric car.
The beauty of car subscription is in its flexibility. Rather than saving up to buy outright, spending years paying off a finance loan, or getting tied up in lengthy lease contracts, you can drive a Tesla within days — without the long-term commitment.
Teslas are available on subscription right now. Lead times for buying a new Tesla are currently anywhere from one month to one year, depending on the model and upgrade features you choose. So if you buy, you could be waiting a while before your car is available.
Car subscriptions can also lower your stress levels. If your contract becomes unaffordable — or you just want to drive a different car — you can usually cancel with just 30 days’ notice. It’s a great way to get all the benefits of driving a Tesla, without the hassle that comes with car ownership or long-term leasing. If you're looking for something more premium, you should check out the best luxury car subscription vehicles!
Want to learn more about the perks of car subscription? Read our in-depth guides for more information:
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