I've been thinking about the maths on ownership vs leasing with the rising fuel prices ⛽️ Here is my cost breakdown personally to upgrade to a Tesla Model 3 from 2 older cars. That's right we dropped from 2 cars to 1 Deposit £2,200 up front Lease £248 p/m Charging - £10 p/m (max) Tesla premium connectivity - £10 p/m (optional) Insurance £40p/m Home charger - £50 p/m this lease - will be zero effectively after this lease is up. Bus fare (1x per week to office) - £25 p/m So total inc deposit = £475 approx all in We used to run 2x ICE vehicles owned (rough averages) Car 1 - main family car. 71 plate Sokda Fuel = £100 per month Mot/ Service/ Repairs = £50 p/m (£600 p.a) Rough Depreciation = £50 p/m (£600 p.a) Tax = £20 per month Insurance = £25 per month. Rough cost £245 Car 2 - runaround 63 plate Corsa (horrible car to drive) Fuel = £50 per month Mot/ Service / Repairs = £50 p/m (£600 p.a) Depreciation = £0 (negligible as older car) Tax = £20 per month Insurance = £25 per month. Rough cost £145 All in about £390 pcm. So our outlay is roughly the same and the car equity was banked from both cars also just over £11k.. This is just the numbers for us as a family but wanted to give some insight to my thought process. Would you make the same trade if you could manage on 1 car?

Almost 1 month since collecting the Tesla and I can safely say its the best car I have ever driven... The software is absolutely top notch and so intuitive. I honestly will feel like I'm back in the stone ages driving anything else now 😅 It's probably costing £5-10 per month to charge on average. And the only time I had range anxiety was my initial pick up from 28% charge back home with 11% left. This was primarily just down to it being my first journey in the car. Anyone else considering getting a Tesla or already own one? Drop any questions below, if you are thinking about it! Happy to share more thoughts below!

Morning all ☕️ 😊 Taking my eldest daughter to one of her class mates parties today. Got here a bit too early... 😅😅😅 No problem with a Tesla, we can just chill 😎 in the car and put some shows on for my daughter! One of the many underrated perks!

If only one had money to buy today's dip 😅😅😅 Absolute sea of red 🤮

I just made the biggest decision of my professional life. Today, my Director officially opened up requests for Voluntary Redundancy ahead of a Q1 restructure. After 9 years in tech/ banking, I’ve formally registered my interest for voluntary redundancy today… It’s a strange, surreal feeling. The corporate 9 to 5 gave me a great career, paid the bills, and funded the early days of my business. But wearing the corporate mask while building a startup in the background has felt heavy for a while now. if they accept, I’ll be leaving with a really good package + 2 months PILON and vested shares. I might not get an offer like this for a good few years so I jumped at it.. More updates to follow on my future plans but whilst I am nervous, I am really excited about the entrepreneurial path I am about to embark on! Wish me luck!