How to take advantage of the Tesla Model Y for €299/month?
This page is translated from the original post "Comment profiter de la Tesla Model Y à 299 € /mois ?" in French.
- 05/08/2025 9:32
Since the introduction of the CEE Grant, leases for the Tesla Model Y have decreased. However, there are conditions to meet.
When you visit the Tesla France website, it’s impossible to miss the promotion. Everywhere you look, golden banners or large headlines offer you the chance to drive a new Model Y for the “modest” sum of 299 euros per month.
Modest in quotes, but upon reflection, the deal is quite tempting. Between savings on fuel—note that the energy bill won’t disappear, but it will be reduced by a third!—and savings on maintenance, the calculation isn’t foolish regarding purchasing power. Moreover, Tesla estimates savings of 92 euros per month on fuel for an annual mileage of 10,000 kilometers. A calculation that seems reasonable… but that does not include the subsequent electricity costs!
And finally, there’s the pleasure of owning a modern, comfortable, and efficient car. This has a moral cost.
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299 euros / month… for the wealthy?
What does Tesla’s offer consist of? It is primarily a LOA, meaning a lease with an option to purchase at the end of the contract. This one is based on the Model Y Propulsion version (500 km range) for a duration of 36 months and an annual mileage of 10,000 kilometers, totaling 30,000 km over 3 years.
You can obviously reduce or increase the duration and mileage, but this will affect the lease payments.
To get down to 299 euros / month, the LOA must be accompanied by a down payment of 8450 euros. The wake-up call is a bit harsher all of a sudden. From this amount, you need to subtract the 3180 euros from the CEE Grant (previously the eco bonus), leaving a remaining down payment of 5270 euros nonetheless.
Tesla still lets you choose this down payment: you can perfectly reduce it to 3180 euros… effectively virtually zero euros out of your pocket, simply leveraging the CEE Grant. In that case, the monthly payments jump to 451 euros / month. This is more aligned with what competitors offering “no down payment” propose.
Beware of registration tax!
Yes! Tesla always makes very enticing promises, so it’s important to read the rental conditions carefully. Depending on where you live, the amount of the registration tax differs. Ranging from 13.76 euros to nearly 500 euros, the impact on the lease payments is significant.
It can add up to 15 euros monthly depending on your residence, which isn’t negligible! Residents of Brittany are the most disadvantaged as the region has no intention of offering discounts in the transition to electric vehicles.
Should you rather buy?
Nevertheless, a Tesla Model Y Propulsion at 451 euros per month remains a very good deal. Because over the 3-year loan term, you will have paid only 16,236 euros for a car valued at 44,990 euros in the catalog (41,810 euros after the CEE Grant deduction). What will the state of the used Tesla market—and thus the residual value—be in 3 years? It’s doubtful that you wouldn’t have experienced a greater depreciation within the same timeframe.
Furthermore, in 3 years, due to opportunism, you could change cars and make a technological leap.
If the Model Y Long Range Propulsion is your preference, its lease payments are 323 euros monthly with the down payment of 5270 euros (after the CEE Grant deduction). It’s up to you to do the math.
Finally, if you wish to convert your vehicle to a full purchase at the end of the lease, the additional price will be 26,544 euros for the Model Y Propulsion, and 27,724 euros for the Model Y Long Range Propulsion. Given that credit rates are currently at 0.49% with Tesla, it would be unwise to tie up cash rather than take advantage of a loan.
ALSO READ: CEE Grant: Your car stuck for 16 years in France!
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