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Used Tesla Model 3 on Finance

Representative example: borrowing £6,500 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £166.07 per month, with a total cost of credit of £3,464.37 and a total amount payable of £9,964.37.

Getting a Tesla Model 3 on finance

  1. Research the Vehicle:

    • The Tesla Model 3 is an all-electric sedan from Tesla, a leader in EV technology.
    • Familiarise yourself with the available variants (e.g., Standard Range Plus, Long Range, Performance).
    • Determine the features and specifications you prefer, such as battery range, performance metrics, and interior options.
    • Check the current pricing for the desired trim level on Tesla's UK website or through local Tesla showrooms.
  2. Finance Options:

    • Personal Contract Purchase (PCP): Begin with a deposit, followed by monthly instalments. At the end, you can choose to make a balloon payment to own the car, return it, or start a new agreement.
    • Hire Purchase (HP): After a deposit, repay the car's value in monthly instalments. Upon completing all payments, the car is yours.
    • Personal Loan: Secure a loan from a bank or lender to buy the car outright, repaying the loan in monthly instalments.
    • Leasing: Rent the Model 3 for a fixed term and return it at the conclusion of the agreement.
  3. Obtain Quotes:

    • Tesla's website often has a finance calculator to provide an instant quote based on your chosen terms and deposit.
    • It's also wise to get quotes from banks and other finance providers to compare with Tesla's finance offer.
  4. Credit Score:

    • Your finance terms and the interest rate might be influenced by your credit rating.
    • Review your score with UK credit agencies like Experian, Equifax, or TransUnion.
    • Address any errors or discrepancies before applying for finance.
  5. Budget Considerations:

    • Set a monthly payment budget that aligns with your financial situation.
    • A heftier deposit usually results in lower monthly payments.
  6. Review the Contract Terms:

    • For PCP or lease deals, be aware of mileage restrictions.
    • Understand any fees or penalties associated with early termination or mileage overages.
  7. Negotiation:

    • Tesla has a fixed pricing model, meaning the price you see on the website is the price you pay. However, finance terms might be more flexible, so it's worth discussing with Tesla's finance department.
  8. Seal the Deal:

    • After agreeing to terms, complete any required paperwork.
    • Thoroughly understand all conditions and terms before signing.
    • Retain copies of all signed documents.
  9. Insurance:

    • Ensure you have the necessary car insurance before taking delivery of the Model 3.
    • Due to the car's electric nature and advanced tech, insurance might be different from traditional vehicles, so shop around for the best deal.
  10. End-of-Agreement Decisions:

  • With PCP: Decide whether to make the balloon payment, hand back the car, or enter a new finance agreement.
  • For HP: Once you've completed all payments, the car is yours.
  • If leasing, ensure the car is prepared for return and meets any stipulated return standards.
  1. Additional Costs:
  • As an electric vehicle, consider costs for home charging installations or upgrades.
  • Remember potential savings in road tax, congestion charges, and fuel savings when budgeting overall ownership costs.

When getting a used Tesla Model 3 on finance, it's essential to ensure the agreement aligns with your financial situation and future plans. Always seek advice from financial experts if in doubt.

About the Tesla Model 3

Enter the realm of electric innovation with the Tesla Model 3 – a shining beacon in the electric car revolution. Heralded as the accessible future of Tesla's vision for a sustainable energy ecosystem, the Model 3 is particularly enticing for UK drivers ready to transition to electric, without compromising on performance or luxury.

From Dreams to Driveways:

Announced in 2016, the Model 3 was Tesla's answer to the call for an affordable electric car. But unlike many 'budget-friendly' models from other automakers, Tesla didn't skimp on the features that made its brand synonymous with luxury electric vehicles. This commitment led to unprecedented pre-order numbers and a new wave of EV enthusiasts.

Driving into the Future:

The Tesla Model 3 isn't just an electric car; it's a glimpse into the future of motoring. With state-of-the-art autopilot capabilities, impressive acceleration rates, and a minimalist, yet luxurious interior, the Model 3 seamlessly blends efficiency with elegance. The car's range also assuages 'range anxiety' that many potential EV drivers face, offering long distances between charges.

UK’s Electric Shift:

As the UK government pledges to transition away from petrol and diesel, electric vehicles like the Model 3 are becoming increasingly important. In this landscape, the Model 3 competes with the likes of the Nissan Leaf, Jaguar I-PACE, and the Audi e-tron. Yet, Tesla's ever-evolving tech and supercharging infrastructure often give it a competitive edge.

Final Thoughts:

The Tesla Model 3 is more than just a car; it's a movement. For UK residents seeking an eco-friendly, tech-forward driving experience, this vehicle is undeniably a top contender. And with the growing focus on sustainable transportation, there's never been a better time to consider joining the electric revolution.

Tesla Model 3 Data by County

Tesla Model 3 data for the amount in stock, average price, age and mileage throughout the UK and by county.

CountyStockAvg PriceAvg AgeAvg MileageRecent Sales
All1,335£22,980438,9703,601
Aberdeen City1£22,000316,9716
Ards1£22,995588,000-
Armagh1£24,875336,615-
Banbridge1£21,900345,000-
Barking & Dagenham - Greater London1£23,750431,000-
Bedfordshire65£21,323446,779160
Belfast1£24,985356,28717
Berkshire26£21,753438,43259
Blaenau Gwent2£19,999439,616-
Brent - Greater London2£29,600418,0755
Bristol21£23,544339,844117
Bromley - Greater London5£25,182332,6216
Buckinghamshire8£23,070432,31229
Cambridgeshire43£21,299444,19064
Cardiff11£22,251437,61322
Carrickfergus3£20,733453,4252
Ceredigion1£22,595434,9325
Cheshire23£21,344444,69847
City of Edinburgh3£21,264435,9145
City of London - Greater London22£24,446334,375128
Cookstown1£27,950432,197-
Cornwall1£25,750445,0001
County Durham9£23,942339,99728
Croydon - Greater London7£21,694341,15429
Derbyshire24£20,728441,464134
Devon2£23,300346,5006
Dorset4£23,984437,77013
Dumfries and Galloway1£26,998215,097-
Dundee City2£22,747430,974-
Dungannon3£24,823330,6602
Ealing - Greater London1£16,988545,2002
East Renfrewshire2£20,375445,9811
East Riding of Yorkshire24£24,517335,02655
East Sussex18£16,185472,93413
Essex34£22,669335,456102
Fife4£22,721335,7394
Flintshire8£19,523451,619-
Glasgow City3£21,932431,9796
Gloucestershire7£22,739437,6461
Greater Manchester100£22,973339,857317
Hampshire37£24,460435,301222
Harrow - Greater London1£16,995549,0003
Havering - Greater London3£23,534335,5019
Herefordshire1£17,299455,100-
Hertfordshire61£23,138339,612124
Hillingdon - Greater London3£16,463582,0018
Hounslow - Greater London8£24,888327,32816
Kent102£21,970437,085229
Lancashire33£22,855438,23682
Leicestershire78£21,961340,456124
Lincolnshire27£26,385327,55574
Magherafelt1£21,495541,000-
Merseyside14£20,611444,35422
Moray2£30,99514,853-
Neath Port Talbot2£26,995318,0003
Newport2£22,249325,3491
Newry and Mourne3£23,133447,233-
Newtownabbey2£19,995461,39311
Norfolk26£22,632339,86247
North Ayrshire4£21,274450,2071
North Yorkshire25£23,616336,35124
Northamptonshire33£25,285438,59634
Northumberland3£24,332358,100-
Nottinghamshire33£22,859337,60989
Oxfordshire14£24,178326,06934
Redbridge - Greater London1£22,300422,0003
Renfrewshire9£24,009328,03345
Shropshire3£20,516442,50614
Somerset1£23,000436,56220
South Ayrshire1£26,498321,065-
South Yorkshire24£22,774435,42899
Staffordshire46£24,680331,656163
Suffolk7£19,460450,2258
Surrey40£28,835325,193177
Swansea7£20,496353,38614
Tyne and Wear23£22,661341,62559
Warwickshire8£20,912338,1011
West Midlands82£28,110330,903309
West Sussex3£21,513442,2058
West Yorkshire50£23,508335,035111
Wiltshire7£23,121435,30317
Worcestershire7£22,254353,7076
Wrexham2£31,638216,4764
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