Tesla Leasing

It comes down to body style and space rather than tax, because both sit in the 4% Benefit-in-Kind band for 2026/27. The Model 3 is a compact executive saloon with the longest range in the lineup (up to 466 miles WLTP on the Premium Long Range RWD) and the lowest monthly cost, which makes it the natural choice for high-mileage company-car drivers. The Model Y is a mid-size SUV built on the same platform, with a raised driving position, more boot space and easier access, which suits families and anyone carrying larger loads. A specialist can compare both on 01752 429950.

Yes. For the 2026/27 tax year, both the Model 3 and Model Y attract a 4% Benefit-in-Kind rate. A 40% higher-rate taxpayer leasing a Model 3 Premium Long Range RWD with a P11D value of approximately £44,925 will pay around £60 per month in company car tax, against roughly £550 a month for an equivalent diesel executive saloon. Tesla's Supercharger network, low servicing requirements and over-the-air updates also reduce the total cost of ownership for fleet and SME use. IVF arranges Business Contract Hire across the Tesla range.

For the 2026/27 tax year, every fully electric car, including the Tesla Model 3 and Model Y, is taxed at 4% Benefit-in-Kind, against up to 37% for a petrol or diesel equivalent. The exact figure depends on the model's P11D value and your tax band, and we will calculate it for the Tesla you choose. The rate rises to 5% in 2027/28 and 7% in 2028/29. Always consult your accountant regarding your personal tax position.

Charging at home on a standard variable tariff costs approximately 4 to 5 pence per mile, and a dedicated EV tariff overnight can bring this below 2 pence per mile, against 12 to 15 pence per mile for fuel in a petrol equivalent. Public DC rapid charging on the Tesla Supercharger network costs more per kWh than home charging but is significantly faster, adding around 175 miles of range in 15 minutes at a V3 or V4 Supercharger. The Supercharger network is the most extensive and reliable rapid-charging infrastructure in the UK.

All three are premium electric company cars in the 4% Benefit-in-Kind band for 2026/27. The Tesla Model 3 Premium Long Range RWD leads on headline range, at up to 466 miles WLTP, and on rapid-charging speed, accepting up to 250kW with access to the Supercharger network. The BMW i4 offers a more traditional cabin and a fastback body with up to 365 miles, while the Polestar 2 offers up to 409 miles. The right choice depends on your mileage, cabin preference and charging habits. IVF can quote any of these models so you can compare monthly costs side by side.

All four are premium electric SUVs in the 4% Benefit-in-Kind band for 2026/27. The Model Y Premium Long Range AWD offers up to 372 miles WLTP and up to 250kW rapid charging with access to the Supercharger network. The latest BMW iX3 50 xDrive leads the group on headline range at up to 500 miles, the Kia EV6 offers up to 361 miles and the Audi Q4 e-tron up to 359 miles. The Model Y remains among the UK's best-selling electric SUVs on the strength of its charging network, efficiency and lease pricing. IVF can quote any of these so you can compare monthly costs side by side.

Yes. IVF arranges Business Contract Hire (BCH) on the Model 3 and Model Y. BCH lets VAT-registered businesses reclaim part of the VAT on the finance rental (typically 50%, or 100% if the car is used solely for business), and the monthly rental is usually an allowable business expense. Because both Teslas are taxed at just 4% Benefit-in-Kind for 2026/27, they are among the most tax-efficient company cars available. Tax treatment depends on your circumstances and may change.

Yes. IVF arranges Personal Contract Hire (PCH) on the Model 3 and Model Y. You get the same funder-panel access and named specialist support as business customers, a fixed monthly cost with no depreciation risk, and no large balloon payment at the end of the agreement.

WLTP figures are laboratory ratings and real-world range is usually lower, particularly on the motorway and in cold weather. As a realistic guide, a Model 3 Premium Long Range RWD rated at up to 466 miles WLTP will commonly return somewhere in the region of 330 to 380 real-world miles in mixed UK driving, more in town and less at sustained high motorway speeds. Tesla models are among the most efficient in their class, so they tend to hold up well against rivals in everyday conditions. Your own figure depends on wheel size, driving style, load, weather and how much motorway you cover.

No, IVF is a credit broker, not a lender. IVF is a trading style of XLCR Vehicle Management Ltd, authorised and regulated by the Financial Conduct Authority (FRN 315268). We source finance from a panel of trusted funders and receive a commission from the funder for arranging the agreement. Every Tesla lease arranged through IVF includes free delivery anywhere in mainland UK, managed by your named specialist from first enquiry to handover.