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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
All1,031£20,619547,0573,622
Aberdeen City4£19,147537,82413
Ards1£17,985643,5003
Bedfordshire50£20,976553,678152
Belfast4£43,233559,1398
Berkshire42£20,579538,363145
Bexley - Greater London1£29,480245,239-
Blaenau Gwent1£18,499528,9571
Bristol25£21,861444,853107
Bromley - Greater London2£16,845649,1637
Buckinghamshire21£20,422551,09335
Cambridgeshire56£19,235452,505115
Carrickfergus1£27,999233,8124
Cheshire28£21,143535,51785
City of Edinburgh2£19,122644,76110
City of London - Greater London2£18,820550,50015
Coleraine1£15,995575,000-
Cornwall2£25,623421,0893
County Durham28£21,731536,05071
Croydon - Greater London1£12,795767,3182
Derbyshire59£19,612454,414199
Devon10£17,918658,42530
Dorset11£29,265327,17949
Dumfries and Galloway1£18,995540,0151
Dundee City1£15,995661,3495
Dungannon3£18,327650,7738
Ealing - Greater London1£26,90011,9502
East Riding of Yorkshire2£26,975425,3097
East Sussex3£17,547566,8796
Essex22£19,374554,03481
Falkirk1£15,290676,1803
Fife1£24,499328,2005
Flintshire10£15,807663,669-
Glasgow City11£22,778438,99819
Gloucestershire6£21,945441,39123
Greater Manchester68£19,388555,761360
Hampshire46£24,585433,532191
Havering - Greater London30£22,247452,15747
Herefordshire1£17,995527,1951
Hertfordshire24£20,641537,63377
Highland1£16,995652,0862
Kent33£20,471446,569111
Kingston upon Thames - Greater London5£14,370656,2035
Lancashire34£21,506439,143119
Leicestershire31£16,361669,102204
Lincolnshire17£20,071545,38856
Magherafelt7£18,025671,51720
Merseyside22£19,064544,18447
Newry and Mourne4£18,800637,9693
Newtownabbey3£24,662342,44610
Norfolk20£26,954432,88466
North Yorkshire28£20,887437,216116
Northamptonshire8£17,402551,37436
Nottinghamshire24£19,794551,52993
Oxfordshire5£24,786435,61713
Perth and Kinross5£17,736578,9895
Rhondda Cynon Taf1£19,799459,3011
Shropshire1£17,995459,5926
Somerset1£20,470420,0628
South Ayrshire1£19,998648,1575
South Lanarkshire1£21,500540,000-
South Yorkshire30£20,126467,04780
Staffordshire17£20,075549,55187
Suffolk9£18,301564,56735
Surrey14£19,137452,67730
Swansea2£16,999673,7649
Tyne and Wear18£16,375659,88439
Warwickshire3£19,463538,66717
West Lothian2£20,247633,9572
West Midlands51£24,143438,688339
West Sussex2£17,345654,52314
West Yorkshire37£21,482543,783131
Wiltshire9£22,279442,05815
Worcestershire2£24,023433,2508
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