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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
All1,057£25,508436,6652,993
Aberdeen City8£26,724431,23815
Aberdeenshire1£29,995422,800-
Angus1£27,440435,3902
Ards1£27,995435,0001
Ballymoney1£25,495432,0253
Banbridge2£28,950422,050-
Bedfordshire37£23,045446,636219
Belfast10£27,026440,26713
Berkshire13£26,157444,43645
Blaenau Gwent2£22,499425,5923
Brent - Greater London1£39,950310,0002
Bristol28£25,678440,62668
Bromley - Greater London4£24,294445,4735
Buckinghamshire6£26,576335,13129
Cambridgeshire29£23,873434,84629
Cardiff10£27,471436,18614
Carrickfergus1£22,995546,0001
Ceredigion1£25,495530,0544
Cheshire32£26,053433,62664
City of Edinburgh3£27,799429,38214
City of London - Greater London56£24,580442,173208
County Durham6£25,731332,52719
Croydon - Greater London4£25,235428,85813
Cumbria2£25,498323,6546
Derbyshire33£24,964333,89799
Devon1£23,645030,3521
Dorset8£27,916425,10533
Dundee City2£24,747432,3664
Dungannon4£27,719338,7232
Ealing - Greater London5£21,623444,9501
East Ayrshire2£25,198434,88814
East Riding of Yorkshire27£23,600433,94362
East Sussex8£17,773567,62510
Essex48£23,564444,346125
Fife3£25,432425,9136
Glasgow City9£27,309446,87334
Greater Manchester60£24,361439,179150
Hampshire19£28,726429,134103
Harrow - Greater London4£22,616445,1451
Havering - Greater London1£25,948340,0007
Herefordshire1£31,69557,7957
Hertfordshire52£24,596438,83691
Highland3£23,997443,3381
Hillingdon - Greater London1£27,500419,5004
Hounslow - Greater London8£25,644421,36312
Kent16£23,037444,10731
Kingston upon Thames - Greater London2£20,940543,8315
Lancashire21£24,500431,07471
Leicestershire60£24,091439,912198
Lincolnshire38£25,699428,931131
Magherafelt2£33,373542,6052
Merseyside4£23,046439,27014
Merthyr Tydfil1£22,500544,000-
Neath Port Talbot2£21,497473,563-
Newport2£30,995311,5402
Norfolk18£25,384433,96152
North Down1£23,990340,8992
North Lanarkshire4£23,773454,4175
North Yorkshire11£23,495437,23828
Northamptonshire34£27,286433,45593
Northumberland3£27,333352,7411
Nottinghamshire22£24,927445,37779
Oxfordshire7£26,417325,14353
Pembrokeshire1£22,999368,409-
Perth and Kinross1£22,698325,9063
Redbridge - Greater London2£25,400432,500-
Renfrewshire18£24,059435,13631
Rhondda Cynon Taf1£18,999458,195-
Shropshire2£27,497425,76717
Somerset4£22,410457,3807
South Ayrshire3£25,531344,0357
South Yorkshire20£25,112438,35161
Staffordshire46£25,992329,695173
Stirling1£30,000219,4715
Suffolk4£28,739329,3002
Surrey18£25,558440,17727
Swansea1£19,999426,4813
Tyne and Wear24£24,673439,19187
Warwickshire8£23,641435,4838
West Midlands46£25,509437,204140
West Sussex3£29,658438,46317
West Yorkshire38£25,772436,12570
Wiltshire2£22,195572,88112
Worcestershire6£25,308438,00011
Wrexham2£28,990419,0761
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