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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
All814£19,668548,9884,421
Aberdeen City1£21,995628,22617
Antrim1-574,7501
Bedfordshire43£22,157546,437162
Belfast4£15,961658,8896
Berkshire35£19,581545,574160
Bexley - Greater London1£29,995245,239-
Bristol17£22,387431,694147
Bromley - Greater London4£35,101210,5907
Buckinghamshire8£20,643450,34639
Cambridgeshire42£18,725550,252106
Cardiff1£15,900551,5889
Carrickfergus1£27,999233,8124
Cheshire21£21,366439,10184
City of Edinburgh5£18,902542,63719
City of London - Greater London6£19,121550,56524
Coleraine1£15,995575,000-
Cornwall1£18,500640,0002
County Durham27£20,399553,42782
Croydon - Greater London2£14,525691,5001
Derbyshire52£20,098449,387212
Devon7£17,483555,39023
Dorset10£28,821328,90445
Down2£16,145660,0004
Dumfries and Galloway1£18,995540,015-
Dundee City2£15,098678,28613
Dungannon3£20,158538,38713
Ealing - Greater London2£23,215420,4251
East Riding of Yorkshire10£18,628444,24027
East Sussex2£18,495640,6037
Essex36£19,857446,133147
Fife2£14,749581,9396
Flintshire10£15,807663,669-
Glasgow City5£19,931539,66925
Gloucestershire5£19,042548,31825
Greater Manchester60£19,489549,541450
Hampshire38£20,745438,840215
Harrow - Greater London3£12,330555,780-
Havering - Greater London12£22,704554,24813
Hertfordshire17£23,216437,326112
Hillingdon - Greater London1£15,790667,00010
Kent22£18,077548,152136
Kingston upon Thames - Greater London3£13,600770,1094
Lancashire18£19,190444,587159
Leicestershire31£16,931566,177250
Lincolnshire8£21,058548,22075
Magherafelt12£19,080562,08224
Merseyside15£16,877551,39656
Newry and Mourne2£22,650441,4543
Newtownabbey6£22,796443,47915
Norfolk12£18,331544,64192
North Down1£17,995567,6072
North Yorkshire9£24,831432,040119
Northamptonshire7£18,384555,38458
Nottinghamshire13£20,444540,749130
Oxfordshire5£17,378560,21023
Renfrewshire1£31,49825,9204
Richmond upon Thames - Greater London1£13,985742,311-
Shropshire2£18,997546,2165
Somerset3£18,518436,61212
South Ayrshire1£17,498549,8425
South Lanarkshire1£21,500540,000-
South Yorkshire21£16,831572,948104
Staffordshire10£22,233440,266124
Suffolk16£19,715554,70030
Surrey7£19,291541,29138
Swansea2£13,999693,56414
Tyne and Wear5£20,597570,98552
West Lothian1£18,995639,0002
West Midlands45£24,301434,569473
West Sussex1£24,500239,50419
West Yorkshire25£19,433554,875145
Wiltshire3£21,030449,69817
Worcestershire3£21,399343,23312
Wrexham1£23,450335,5791
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