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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
All1,096£20,268548,5583,112
Aberdeen City2£17,895644,3109
Antrim1£22,500349,350-
Ballymena1£21,995538,3003
Bedfordshire44£21,317554,155129
Belfast4£24,243440,1867
Berkshire23£24,250435,044140
Blaenau Gwent1£18,499528,957-
Bristol18£22,692443,84172
Bromley - Greater London2£25,271337,9937
Buckinghamshire21£20,430550,54732
Cambridgeshire85£19,138552,811111
Carrickfergus3£24,315357,5912
Cheshire53£20,701534,60190
City of Edinburgh2£21,349550,7277
City of London - Greater London1£12,5007107,0009
Coleraine2£19,745460,703-
Cornwall1£18,995547,1013
County Durham24£23,210436,62955
Croydon - Greater London1£21,500443,5003
Derbyshire52£19,472557,675185
Devon9£18,419551,17136
Dorset4£26,974429,67712
Dumfries and Galloway1£18,995540,0151
Dundee City1£30,998213,2883
Dungannon4£19,118557,1766
Ealing - Greater London1£25,99011,9501
East Sussex2£17,745659,5684
Essex28£19,301549,06360
Falkirk1£14,890676,1801
Fife1£24,499328,2004
Flintshire10£15,807663,669-
Glasgow City8£25,893326,11924
Gloucestershire17£21,211441,51017
Greater Manchester96£18,720553,419297
Hampshire31£20,385440,388161
Havering - Greater London21£20,284454,43144
Herefordshire1£17,995534,8252
Hertfordshire19£19,819443,01659
Highland1£15,495659,7042
Hillingdon - Greater London2£13,220690,2813
Hounslow - Greater London1£20,189452,0003
Kent40£20,701445,886100
Kingston upon Thames - Greater London2£14,750773,00012
Lancashire23£19,473550,946106
Leicestershire39£16,294571,623184
Lincolnshire25£19,396549,09735
Magherafelt3£16,647676,00013
Merseyside26£20,153541,27448
Merthyr Tydfil1£21,010353,872-
Merton - Greater London1£17,950-45,948-
Midlothian1£16,620640,637-
Newry and Mourne1£20,250640,8267
Newtownabbey4£21,995438,7127
Norfolk14£24,869445,15756
North Lanarkshire1£24,498326,943-
North Yorkshire37£24,291334,468110
Northamptonshire5£17,237557,80029
Nottinghamshire14£20,346548,00777
Oxfordshire4£20,276531,67813
Perth and Kinross2£19,047475,0029
Redbridge - Greater London1£17,995475,229-
Renfrewshire1£17,498472,0405
Richmond upon Thames - Greater London1£13,485674,1322
Shropshire6£18,864555,7068
Somerset5£20,355447,6234
South Ayrshire1£19,998648,1575
South Lanarkshire1£21,500540,000-
South Yorkshire45£19,220469,08268
Staffordshire31£22,690441,32687
Suffolk6£19,627454,88633
Surrey15£21,101439,92829
Tyne and Wear22£17,284554,05635
Warwickshire7£19,968542,7108
West Lothian2£20,247633,9713
West Midlands42£24,484439,572259
West Sussex2£18,121642,60911
West Yorkshire54£22,012543,749123
Wiltshire7£19,927551,86714
Worcestershire4£25,059525,8838
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