PCH vs other finance deals

I'm considering getting a Tesla Model 3, probably the Standard Range model, to keep the car under the £40k tax bracket. I'm trying to weigh the pros and cons of Personal Contract Hire (PCH). One appealing aspect is that I can customize the deal to include options like tires, which seems convenient.

I’ve used PCP (though not with a Tesla) in the past, and I decided not to keep the vehicle at the end of the term. Since I can’t afford to buy the car outright, I know I’ll need to take on some form of loan with interest if I proceed. However, I’m hesitant to go with Hire Purchase (HP) for a brand-new Tesla, as their prices tend to depreciate significantly.

I’ve also looked into PCP deals for 2020–2021 long-range models, but the monthly costs are almost the same as leasing a brand-new Standard Range Model 3. Similarly, most EVs seem to be offered through Salary Sacrifice schemes. I’m not keen on HP for a second-hand Tesla either, as the car would be nearly 10 years old by the time the loan term (typically 48–60 months) is over.

Given these considerations, I’m seriously leaning towards PCH for a brand-new Tesla.