What is the value of the Tesla Model Y offer at €349 per month?

Tesla Recyles Its Old Tricks with the High Purchase Option Leasing on Model Y. Nothing New Under the Sun.

Tesla seems completely out of ideas. After playing the lease with purchase option (LOA) at both Low and High levels on the Model 3, now the same strategy is back, like a reheated old dish, on the Model Y Rear-Wheel Drive. They take the same ingredients and repeat, but without any real addition to reignite interest.

Is this a desperate reaction to the reduced ecological bonus in 2025? An attempt to soften the impact of Elon Musk’s antics that tarnish the brand’s image? Perhaps. But it’s hard not to see this operation as routine maneuvering aimed at selling stock, with no real focus on innovation.

An Attractive Financial Offer… on Paper

349 euros per month over 36 months and 30,000 kilometers. Tempting? Yes, until you read the fine print. An initial down payment of 8,280 euros is required, which for most customers means taking out a loan. With current interest rates, that essentially makes you pay almost double the deposit over three years! If you have the means to make this down payment and pay the purchase option of 26,739 euros, the Model Y Rear-Wheel Drive will ultimately cost you 47,225 euros for a model listed at 45,320 euros. 2,000 euros to finance a purchase over 3 years—there’s honestly nothing wrong with that, but it’s hardly a fantastic offer.

The argument about savings of €5,500 on fuel costs over 5 years according to Tesla doesn’t make sense considering the contract only lasts 3 years. And what about depreciation? We already know that a Model Y, like all electric cars, will easily lose half its value at the end of the period.

So, should we be seduced by Tesla’s latest attempt to boost its sales volume? Hard to say. The Model Y remains a reliable and efficient product with no major flaws. An excellent car, as we keep saying, but it no longer holds the unquestionable status it had three years ago. Competitors have caught up with the American brand and are seriously threatening to surpass it.

Waiting for prices to drop in the coming weeks seems to be the only rational strategy. Also, let’s remember that as of today, the Model Y is still not eligible for the Green Bonus, but it should very logically become eligible soon. In the meantime, unless Tesla finally offers a true innovation, we will pass.

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