The company says that it will buy any Model S acquired on the scheme back from private customers, in the 37th month of the hire purchase term, for 50 per cent of the base price of the entry-level 60kWh Model S – plus 43 per cent of all options, including the 85kWh battery pack upgrade.
“We understand that many customers enjoy the simplicity of a hire purchase but also may seek some assurance of the future value of Model S,” said Georg Ell, Tesla’s UK boss.
There's no obligation to sell the car, however, as after 36 months customers can continue to keep driving the car and financing it with the same monthly payment.
Opt for the entry-level 60kWh Model S and, for a down payment of £7,542, you'll pay £701 a month on a six-year scheme. The same down payment also gets you onto a four or five-year plan, costing £998 or £820 a month respectively.