Headlines
Tesla almost halves UK monthly lease fee as sales slump, The Times reports
Published by Global Banking and Finance Review
Posted on August 18, 2025
1 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on August 18, 2025
1 min readLast updated: January 22, 2026
Tesla halves UK lease fees due to sales slump and storage issues. UK sales fell 60% in July, impacting the car market.
(Reuters) -British motorists can now lease a Tesla electric vehicle for just over half of what they would have paid a year ago, The Times reported on Monday, citing industry sources.
Tesla has been forced to offer discounts of up to 40% to car leasing companies to shift more units, the report said.
The discounts are also due to the lack of storage space for Tesla vehicles in the UK, the report said.
Reuters could not immediately confirm the report. Tesla did not immediately respond to a Reuters request for comment.
Tesla's July sales in the UK fell about 60% to 987 units in July, according to the latest data from the Society of Motor Manufacturers and Traders (SMMT).
British new car registrations overall fell about 5% year-on-year in July, according to the SMMT.
Battery electric vehicles are now projected to account for 23.8% of new registrations in 2025, slightly up from SMMT's previous forecast of 23.5%.
(Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Kim Coghill and Tom Hogue)
A lease fee is a payment made by a lessee to a lessor for the use of an asset, such as a vehicle, for a specified period.
A discount in sales refers to a reduction in the price of a product or service, often used to encourage purchases or increase sales volume.
The Society of Motor Manufacturers and Traders (SMMT) is a trade association in the UK that represents the automotive industry, providing data and insights on vehicle sales and market trends.
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