High Mileage Driving Means Big Savings with an Octopus EV Lease

If you drive 20,000 or 25,000 miles per year, you might pay more than $300 to fill up your tank each month.  

And you know that new cars quickly lose their value when you put 100,000 miles or more on them in just a few years.  Once that happens, the maintenance bills start adding up in a big way.

You might never have had the opportunity to lease a car for all the driving you do.  Now you can, with Octopus EV’s mileage plans up to 25,000 miles per year.

Here’s two big way that Octopus EV saves you money, even compared to purchasing a car like you're used to.

When you drive electric, you’ll save big.  

This one doesn’t take too much explaining.  When you don’t buy gas, you save a lot.  And electric cars require less maintenance, so you save on that.

But it gets even better: with Octopus EV, all scheduled maintenance is included, along with new tires due to wear and tear.  In our 25,000 mileage tier, about 3 times per year a mobile mechanic will come to your home or work to address tires, fluids, filters, and more. 

And, with Octopus Energy, you get unlimited free home charging. That means $300+ in gas per month goes to zero cost for fuel.

Don’t forget about depreciation - when you drive a lot, your car loses value quickly.

Here’s what many high mileage drivers miss. When you put 100,000 miles on a car in 48 months, the value of your car goes down dramatically.  That’s invisible money going out of your pocket, every single month alongside your auto loan payment.  

Let’s imagine you purchase a new Tesla Model Y Long Range AWD at the current price of $47,990. You'll pay about $5,156 in taxes and fees in Texas, and if you qualify for the $7,500 federal tax credit that will reduce the price. So after all that your total purchase price will be $45,646.

Here’s the kicker: if you drive that Model Y for 25,000 miles per year for 4 years, industry sources suggest that the resale value in 2028 will be just $13,000. 

You’ll have lost $32,646 in value!  And you’ll have paid interest on an auto loan to boot. 

Let's dig into that to see what it means in terms of your monthly costs.

The Real Cost to Buy and Drive a Tesla Model Y 25,000 Miles per Year

First, let’s fully understand your costs when you purchase a car and drive it a lot.

Wow!  You might not have thought of it this way, but simply the interest and depreciation on your Model Y is almost $800 per month!

Let’s compare that to an Octopus EV lease for 48 months and 25,000 miles driving per year.

With the Octopus lease, you’ll save $131.55 per month or $6,314 over 48 months just your core vehicle expenses!

And that’s even before taking account of free maintenance, replacement tires, free home charging and a comprehensive warranty.  

And after 4 years with an Octopus EV, you get to bring it back and get a fresh new electric car.  You don’t have to keep driving your old car until it falls apart.

What are you waiting for? Pick out the right car for you today.