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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
All1,208£20,583546,5183,552
Aberdeenshire5£20,578543,23011
Angus1£30,998213,2882
Ayrshire1£19,998648,1576
Bedfordshire47£20,825556,431126
Berkshire25£23,748437,662141
Blaenau Gwent1£18,499528,957-
Bristol16£22,633447,14466
Buckinghamshire19£20,248548,99935
Cambridgeshire91£19,134555,040108
Cardiff3£22,125539,62827
Carmarthenshire1£13,995665,0001
Cheshire51£21,369533,56190
Cornwall1£18,995547,1013
County Antrim14£22,849443,82316
County Armagh4£21,536553,2766
County Durham27£23,248434,03056
County Londonderry6£18,321567,90113
County Tyrone4£20,868551,69812
Derbyshire49£19,802555,003184
Devon11£18,175555,47138
Dorset8£25,761430,80920
Dumfries & Galloway1£18,995540,0151
East Riding of Yorkshire15£19,287443,68387
East Sussex4£17,794564,3737
Essex29£19,772545,28481
Falkirk1£14,890676,1801
Fife1£24,499328,2002
Flintshire3£19,295554,8349
Gloucestershire14£20,920539,10519
Greater London73£19,017456,239166
Greater Manchester87£18,421555,002313
Hampshire42£21,127441,899182
Herefordshire1£17,995534,8252
Hertfordshire25£20,364547,58788
Highland1£15,495659,7042
Inverclyde1£18,995651,248-
Kent35£20,504447,982113
Lanarkshire10£23,928430,84425
Lancashire22£19,412549,135111
Leicestershire40£15,918573,852182
Lincolnshire22£19,674547,70642
Merseyside31£20,363540,78680
Merthyr Tydfil1£21,010353,872-
Midlothian4£19,669544,2439
Neath Port Talbot3£19,999526,333-
Newport4£22,799425,3406
Norfolk17£22,172450,48753
North Yorkshire34£23,237435,367116
Northamptonshire7£19,588448,56132
Nottinghamshire27£20,830449,27388
Oxfordshire6£19,592441,20516
Renfrewshire1£16,998472,0404
Rhondda Cynon Taf2£26,240329,6368
Shropshire3£19,663547,2649
Somerset5£20,213447,6234
South Yorkshire39£19,462566,63574
Staffordshire29£22,216443,52397
Stirling1£25,000325,0841
Suffolk9£22,261451,44331
Surrey22£20,540442,11960
Swansea9£22,882444,0238
Tyne and Wear21£19,159548,72746
Vale of Glamorgan2£15,135774,2572
Warwickshire8£19,072653,22812
West Lothian3£20,414642,4676
West Midlands39£24,813440,377247
West Sussex4£18,810543,6467
West Yorkshire54£22,118543,034119
Wiltshire7£20,739551,54013
Worcestershire4£25,794430,19610
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