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Used Tesla Model 3 on Finance

Rates from 9.9% APR. A Representative HP Example: borrowing £10,000 over 60 Months with a representative of 16.35% APR, an annual interest rate of 16.35% (fixed) and a deposit of £0.00, the amount payable would be 59 repayments of £239.16 per month, with one final repayment of £249.16 (which includes the option to purchase fee of £10.00), with a total cost of credit of £4,349.41 and a total amount payable of £14,359.41.

Rates from 9.9% APR. A Representative HP Example: borrowing £10,000 over 60 Months with a representative of 16.35% APR, an annual interest rate of 16.35% (fixed) and a deposit of £0.00, the amount payable would be 59 repayments of £239.16 per month, with one final repayment of £249.16 (which includes the option to purchase fee of £10.00), with a total cost of credit of £4,349.41 and a total amount payable of £14,359.41.

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
All1,095£20,443547,7343,125
Aberdeen City2£17,895644,3109
Antrim1£22,500349,350-
Ballymena1£21,995538,3003
Bedfordshire43£21,407554,037131
Belfast4£24,243440,1867
Berkshire25£23,957436,114140
Blaenau Gwent1£18,499528,957-
Bristol19£22,250446,77674
Bromley - Greater London2£25,335337,9937
Buckinghamshire22£20,187551,42131
Cambridgeshire84£18,837552,459111
Carrickfergus3£24,315357,5912
Cheshire55£20,618535,53588
City of Edinburgh1£16,998579,9118
City of London - Greater London1£12,5007107,0009
Coleraine2£19,745460,702-
Cornwall1£18,995547,1013
County Durham22£23,661435,93655
Croydon - Greater London1£21,500443,5003
Derbyshire49£19,709556,287185
Devon10£18,057553,75435
Dorset3£26,133538,64712
Down1£14,650649,9433
Dumfries and Galloway1£18,995540,0151
Dundee City1£30,998213,2883
Dungannon3£18,825560,2186
Ealing - Greater London1£25,99011,9501
East Riding of Yorkshire1£35,99924,0326
East Sussex2£17,745659,5684
Essex29£19,443548,66159
Falkirk1£14,890676,1801
Fife1£24,499328,2004
Flintshire10£15,807663,669-
Glasgow City5£26,709322,49026
Gloucestershire15£21,792437,75317
Greater Manchester96£18,722553,780297
Hampshire34£19,826441,981158
Havering - Greater London21£20,284454,43144
Herefordshire2£17,623531,0101
Hertfordshire19£19,860443,01659
Highland1£15,495659,7042
Hillingdon - Greater London2£13,220690,2813
Hounslow - Greater London1£20,189452,0004
Kent37£20,726445,737100
Kingston upon Thames - Greater London2£14,750773,00012
Lancashire24£20,423449,632107
Leicestershire35£16,276571,857184
Lincolnshire24£19,517547,71640
Magherafelt2£17,723766,00013
Merseyside25£19,959541,42948
Merthyr Tydfil1£21,010353,872-
Merton - Greater London1£17,950-45,948-
Midlothian1£16,620640,637-
Newry and Mourne1£20,250640,8267
Newtownabbey3£23,162330,1058
Norfolk15£25,257443,95955
North Lanarkshire1£24,498326,943-
North Yorkshire37£23,702436,024111
Northamptonshire4£17,296650,50529
Nottinghamshire14£20,346548,00778
Oxfordshire4£20,276531,67813
Perth and Kinross3£18,029476,5458
Redbridge - Greater London1£17,995475,229-
Renfrewshire2£19,748552,5104
Rhondda Cynon Taf1£19,799459,3011
Richmond upon Thames - Greater London1£13,485674,1322
Shropshire5£19,597454,7738
Somerset5£20,357447,6234
South Ayrshire1£19,998648,1575
South Lanarkshire1£21,500540,000-
South Yorkshire48£19,617465,86066
Staffordshire31£22,755442,21886
Stirling1£25,500325,0842
Suffolk6£19,627454,88633
Surrey16£21,234439,30828
Tyne and Wear22£17,284554,05636
Warwickshire7£19,968542,71010
West Lothian2£20,247633,9713
West Midlands47£24,317438,666253
West Sussex2£18,121642,60911
West Yorkshire52£22,002544,600126
Wiltshire7£19,927551,86714
Worcestershire4£25,059525,8838
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