Tesla Model 3

The Model 3 isn't cheap but it makes the prospect of owning a Tesla a realistic possibility for many more people. In fact, the Model 3 costs much the same as an Audi A4 or BMW 3 Series with equivalent performance, and it’s not a huge stretch from a top-spec Nissan Leaf to the basic Model 3, though it gets considerably more expensive as you progress up the range. Whichever version you go for, running costs will be low. Charging will depend on where and when you top up but will be a fraction of what you’d pay in a petrol or diesel car. As a pure EV the Model 3 is exempt from emissions-based congestion zones and VED (road tax), while company car tax is zero for the 2020/21 tax year and rises to a negligible two per cent from 2022. The Model 3 can use standard or fast-charge public chargers, as well as its own extensive network of rapid-charge ‘Superchargers’. Residual values for the Model 3 should be nothing short of stellar, since it’s one of the most in-demand cars of recent times. That’s good news for finance and lease deals, which are largely based on the car’s retained value.