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The Exeter leasing company sees great demand for Elon Musk’s Tesla electric cars

A car leasing company in Exeter bought 100 Tesla Model 3 electric vehicles from Elon Musk – and leased more than 60 to businesses in just one week.

Carparison, based at Hill Barton Business Park, loved the appetite for vehicles that can travel up to 360 miles on a single charge.

The company said the exceptional range and charging times – just 15 minutes for a 172 mile drive – as well as the “badge pull” of the Tesla name mean companies were interested in getting their hands on one of the cars.

Founded in 2018, Carparison rents a range of electric vehicles as well as for home and business use. Brands like Seat, Ford and Citroen are among the top offers.

Exeter’s Carparison acquires 100 Tesla Model 3 electric vehicles

Vehicle leasing, also known as contract rental, is a financing option that is similar to rental in that customers use a vehicle for an agreed time before returning it.

Carparison received 100 Tesla Model 3 vehicles in early April and had fewer than 40 in stock in 10 days.

“The majority of tenants have closed deals,” said Carparison’s Ryan Darby. “We have some companies in the Southwest that have taken them out. They’ve done particularly well, but then they’re the crème de la crème for electric vehicles. “

One of the companies co-founded by entrepreneur Elon Musk, Tesla began shipping its Model 3 Tesla in 2017, a mass-market electric vehicle available in three brands: Long Range, Standard Plus and Performance.

When they were first launched, retail prices started at £ 26,650, but Carparison is offering the Standard and Long Range models for £ 432 and £ 459 per month, respectively.

“They come with a specific price tag, but have the best range and loading times on the market,” said Mr Darby. “

The Model 3, which goes from 0 to 60 mph in 4.2 seconds and has a top speed of 162 mph, has an exceptionally fast charge time, especially when using Tesla’s Supercharger device, which is powered by the company’s own charging system connected is.

And Mr. Darby said, “This is a great charm. You can charge overnight, but the convenience that a Tesla offers is second to none. And at Tesla there is this badge power, the badge train. “

Indeed, the Tesla range has long been considered the benchmark for electric driving, and it also includes world-class interiors and exceptional comfort. According to Carparison, only a few manufacturers can keep up with the quality offered.

Carparison General Manager Matt Woodward said, “We strive to find the best cars and work tirelessly to get the best prices and deals for our customers. We think this is especially important with electric cars as price remains a sticking point for many.

Business Live’s South West Business Reporter is William Telford. William has over a decade of experience reporting on the business scene in Plymouth and the South West. He lives in Plymouth but covers the entire region.

To contact William:

Email: william.telford@reachplc.com – Phone: 01752 293116 – Mob: 07584 594052

Twitter: @WTelfordHerald – LinkedIn: www.linkedin.com- Facebook: www.facebook.com/william.telford.5473

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“If we commit to the quantities we have, we can cut leasing costs for our customers. Since we have them in stock, we can bring the cars to their new homes earlier. “

He said customers looking to get rid of a Tesla Model 3 lease could get the keys in just three weeks.

Tesla’s 3 models have been developed using modern technology, including cameras, radar and ultrasonic sensors with touchscreen for the driver. Drivers can use their smartphone as a key.

Tesla is based in California, USA. Other products are solar panels and roof tiles. It has 16% of the plug-in electric car market.,

Founded in 2003, the company posted net income of $ 721 million in 2020. Elon Musk, one of the richest people in the world, provided much of the initial funding and has been a managing director and product architect since 2008.


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