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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
All899£25,970438,0682,544
Aberdeen City6£30,149431,5659
Aberdeenshire1£33,995422,800-
Angus2£20,386470,346-
Ards1£31,999211,353-
Ballymoney1£28,500432,0252
Banbridge1£30,950319,1001
Barnet - Greater London2£23,618444,3213
Bedfordshire37£23,365443,502186
Belfast7£27,031443,63611
Berkshire10£23,884438,00638
Blaenau Gwent4£22,374429,5172
Brent - Greater London2£31,880426,0001
Bristol36£28,368434,85846
Bromley - Greater London4£25,532430,4451
Buckinghamshire5£24,190453,37038
Cambridgeshire14£24,897438,11318
Cardiff9£28,037429,04319
Carrickfergus1£22,995546,0001
Ceredigion1£25,995530,0544
Cheshire24£27,937429,19550
City of Edinburgh3£30,266339,22316
City of London - Greater London52£26,309433,748190
Cornwall1£25,695437,4002
County Durham4£25,621432,77011
Craigavon1£22,995447,6651
Croydon - Greater London4£27,040223,14412
Derbyshire16£26,758436,48688
Dorset14£25,598431,39425
Dungannon3£30,895341,5003
Ealing - Greater London4£22,229446,0171
East Riding of Yorkshire20£24,907428,96763
East Sussex5£21,483461,9483
Essex57£25,722438,14494
Fife5£27,217422,9163
Glasgow City4£28,372345,62438
Gloucestershire1£25,143423,0004
Greater Manchester60£24,349438,501127
Hampshire31£28,738429,66288
Harrow - Greater London2£22,493540,7791
Havering - Greater London2£27,448336,00010
Herefordshire4£27,648423,1956
Hertfordshire40£26,426432,93380
Hillingdon - Greater London3£24,066547,2403
Hounslow - Greater London6£24,783438,04311
Kent6£23,461437,92826
Kingston upon Thames - Greater London3£23,160539,3583
Lancashire22£24,837434,84949
Leicestershire41£24,899438,986153
Lincolnshire38£26,462429,067102
Magherafelt2£34,995431,6021
Merseyside6£24,030434,11316
Neath Port Talbot1£22,999457,302-
Newport1£28,899325,0002
Newtownabbey1£25,995345,5664
Norfolk17£24,359438,13947
North Lanarkshire4£25,548450,3823
North Yorkshire9£23,691437,50824
Northamptonshire27£26,415435,536149
Northumberland4£27,749446,3662
Nottinghamshire24£24,547443,20552
Oxfordshire8£27,492431,16242
Redbridge - Greater London1£26,300422,0001
Renfrewshire7£25,112437,76816
Shropshire5£25,953443,77315
Somerset5£23,250452,6424
South Yorkshire19£24,738437,27757
Staffordshire36£26,815427,263137
Stirling1£19,200462,5756
Suffolk1£27,895460,000-
Surrey14£26,890434,65712
Swansea2£23,199450,7135
Tyne and Wear11£27,061431,02583
Warwickshire5£23,520447,2466
West Dunbartonshire1£23,698463,9015
West Midlands37£25,335439,843120
West Sussex4£30,510422,07015
West Yorkshire19£24,784445,02562
Wiltshire3£24,130546,8958
Worcestershire4£25,422447,1177
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