Tesla long-term rental - Ultimate Guide
There are many ways to get a Tesla. In this article we will go into the Tesla long-term rental. If you're faced with the decision of whether to buy or rent, we've got the information you need to help you make the decision that's right for you.
In this article we would like to inform you comprehensively about everything you need to know about Tesla long-term rental. Whether Tesla Model 3 or Model Y. We will show you the advantages and disadvantages of long-term rental, break down the costs and also name some providers of Tesla long-term rental. Of course, we also go into the differences between leasing and the car subscription.
By the end of the article you will know everything you need to make the right decision for you.
- What is Tesla long term rental?
- Tesla long-term rental, car subscription and leasing in comparison
- Pros and cons of Tesla long term rental
- Tesla long-term rental for private vs. business
- Where can you rent a Model Y or Model 3 long-term?
- How much does the Model 3 or Model Y long-term rental cost?
- Is Tesla long-term rental right for me?
What is Tesla Long Term Rental?
Well, as the name suggests, with long-term rental you rent your Tesla for a certain period of time instead of acquiring ownership of your car. The rental period is usually between 2 and 18 months.
Tesla long-term rental, car subscription and leasing in comparison
In this section we would like to talk a little about the differences between long-term Tesla rental, a car subscription and leasing. This way you can better assess which of these models is most suitable for you if you want to drive a Tesla.
Long term rental
With Tesla long-term rental, you do not acquire ownership of your vehicle, but rent your Model Y or 3 for a longer period of time. This is normally between 2 and 18 months for such a lease.
You can compare this with a normal rental car - with the difference that you usually return it after a few days. During the term, you can usually terminate your rental agreement on a monthly basis. At the same time, the Tesla is available immediately. So you have no obligation to drive your vehicle for the entire contract period.
This is one of the main arguments in favor of Tesla long-term rental. Because with it you are as flexible as possible.
However, what you cannot do with Tesla long-term rental is configure the vehicle yourself. Instead, you can only choose what you want from the provider's fleet. With Tesla, however, this is not a big disadvantage, since the basic models of Model Y and 3 already have everything you need and there is not much choice in the configurator.
Tesla car subscription
With a Tesla car subscription, you as a customer conclude a long-term subscription and pay a subscription fee per month. In contrast to long-term rental, the term is longer - usually between 2 and 5 years.
Another big difference to long-term rental - you as a customer can configure your desired vehicle individually with the manufacturer, so you get your "dream car". You can also book various service packages from the car subscription provider, which of course also have an impact on the subscription costs per month.
Leasing
Tesla leasing is comparable to renting, with the term usually being between 1 and 4 years. However, leasing comes with some additional obligations. So you have to take out the insurance yourself, have any maintenance carried out and bear more personal responsibility.
With Tesla leasing, you can configure your desired vehicle individually with the manufacturer, which is not possible with renting. Since a Tesla does not require any inspection or maintenance, this aspect of leasing does not pose a major disadvantage.
If you want to learn more about Tesla leasing, we have written a detailed guide for you.
Pros and cons of Tesla long term rental
Like the other leasing, subscription, financing and purchase models, Tesla long-term rental has certain advantages and disadvantages. We have already mentioned some of them, but we would like to present them in more detail here.
Advantages :
- Fast availability - you select an existing Tesla Model 3 or Y
- You remain unbound - contracts can usually be terminated on a monthly basis
- Low acquisition or upfront costs
- Inspections/maintenance are organized by the provider
- No residual value risk of the Tesla Model 3 or Y as with leasing or buying
Disadvantages :
- You do not acquire ownership of the Tesla Model 3 or Y, you are only a user
- No individual configuration possible
- Costs are usually higher than other methods
Tesla long-term rental for private vs. business
You can not only rent a Model 3 or Y privately for a longer period of time, you can also take out a Tesla long-term rental for business purposes. There are now more and more specialized vehicle rental providers that target companies and increasingly have electric cars and especially Teslas in their fleet.
Basically, the same pros and cons apply to businesses that we mentioned earlier in this post. One of the biggest advantages compared to buying a car is the flexibility that comes with Tesla rentals. Also of note is the fact that you can write off the monthly cost of long-term rental as a business expense (rather than an investment).
Where can you rent a Model Y or Model 3 long-term?
One thing right away – you cannot rent the Model Y or Model 3 from Tesla itself. You have to switch to third-party providers for this. Due to the rapidly increasing demand for new forms apart from buying and leasing, the number of providers from whom you can rent long-term is also increasing.
Providers such as Sixt+ or Hertz have many years of experience in the classic rental car business and in the management of large fleets. Now they too are getting on the e-vehicle bandwagon. In addition, there are also smaller providers or start-ups such as Veltyx or Tesla Now, which want to differentiate themselves from the larger players primarily through a good range of services.
How much does the Model 3 or Model Y long-term rental cost?
The cost of Tesla Model 3 or Y long-term rental depends on a few factors. This includes the basic configuration of your Tesla, contract period in months, mileage per year, included service packages, etc. Therefore, no general statement can be made.
With a rental period of one month, however, you can expect costs from around EUR 899 for a Tesla Model 3. With Tesla Model Y, long-term rental usually starts at EUR 1,200.
Is Tesla long term rental right for me?
In general, it can be stated that you sometimes pay more for a long-term rental than for a purchase or leasing. You pay for maximum flexibility. And that is exactly the big advantage.
Because if you want to try e-mobility first, you can rent a Tesla Model 3 or Model Y without commitment and try it out for several months. But the Tesla long-term rental is not only for this purpose.
If you don't want to wait for your Tesla to be delivered, but want to become a Tesla driver right away, you can also benefit from the flexible rental rates for Tesla long-term rental.
If you now want to take a look at the other options for getting a Tesla, we have also written guides for you here.
