Get a Carsnitch Report for Free Owner, price, MOT & dealer.

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
All1,182£20,532545,9073,515
Aberdeenshire4£19,673546,65511
Angus1£30,998213,2882
Ayrshire1£19,998648,1576
Bedfordshire53£20,693558,907124
Berkshire23£23,750440,734138
Blaenau Gwent1£18,499528,957-
Bristol15£22,562448,70562
Buckinghamshire18£19,152552,73036
Cambridgeshire91£18,727555,012111
Cardiff4£23,319435,92126
Carmarthenshire1£13,995665,0001
Cheshire46£21,084533,51991
Cornwall1£18,995547,1013
County Antrim14£22,856443,82316
County Armagh4£21,536553,2766
County Down1£17,995533,5438
County Durham27£23,608433,24554
County Londonderry7£18,346568,91513
County Tyrone4£20,868551,69812
Derbyshire50£20,052553,266181
Devon7£18,776552,42942
Dorset7£26,049431,22322
Dumfries & Galloway1£18,995540,0151
East Riding of Yorkshire17£19,339445,08686
East Sussex4£17,733564,3737
Essex29£20,056542,50179
Fife1£24,499328,2002
Flintshire3£19,295554,8349
Gloucestershire13£20,785440,01419
Greater London74£19,067456,339160
Greater Manchester80£18,348555,279308
Hampshire41£21,347438,558176
Herefordshire1£17,995534,8251
Hertfordshire25£20,474547,43183
Highland1£15,495659,7041
Inverclyde1£18,995651,248-
Kent31£21,333444,061118
Lanarkshire9£23,989431,23524
Lancashire23£19,119452,040111
Leicestershire43£15,798574,691178
Lincolnshire22£19,646547,70641
Merseyside29£20,709540,98079
Merthyr Tydfil1£21,010353,872-
Midlothian4£19,669544,2439
Neath Port Talbot3£19,999526,333-
Newport1£19,199520,8239
Norfolk17£22,629449,12951
North Yorkshire35£22,825435,168116
Northamptonshire8£19,919444,20531
Nottinghamshire27£20,875448,58790
Oxfordshire6£19,509441,20515
Renfrewshire1£16,998472,0404
Rhondda Cynon Taf2£26,240329,6366
Shropshire3£19,646547,2649
Somerset6£20,377546,5614
South Yorkshire37£19,016567,85376
Staffordshire27£22,212444,15099
Stirling1£25,000325,0841
Suffolk10£21,664456,79930
Surrey22£20,469442,11957
Swansea9£22,832444,0237
Tyne and Wear20£19,300549,42548
Vale of Glamorgan2£15,135774,2572
Warwickshire8£19,072653,22811
West Lothian4£22,311535,1126
West Midlands35£23,797442,183236
West Sussex4£18,735543,6467
West Yorkshire51£22,429541,523119
Wiltshire7£20,739551,54013
Worcestershire3£21,075538,26111
Add postcode for better results.