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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.

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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
All1,062£20,937547,5323,551
Aberdeenshire5£18,157643,6299
Angus4£20,896432,5026
Bedfordshire42£20,678458,055163
Berkshire19£20,731543,47880
Bristol19£19,876452,37562
Buckinghamshire15£19,729555,94264
Cambridgeshire47£20,590550,359140
Cardiff5£17,688566,14824
Cheshire31£22,230436,82099
Cornwall3£18,415554,3342
County Antrim14£23,225441,21726
County Armagh4£23,718440,0476
County Down4£19,346548,9637
County Durham24£24,564433,75944
County Londonderry5£20,577462,41210
County Tyrone7£22,093452,36511
Cumbria1£23,000413,6491
Derbyshire43£19,445555,486188
Devon8£20,259541,59733
Dorset5£25,474437,22120
Dunbartonshire1£25,000339,952-
East Lothian1£20,999520,456-
East Riding of Yorkshire16£21,302449,25375
East Sussex5£19,094563,5038
Essex15£19,721559,69974
Falkirk1£18,510657,4451
Fife5£20,719531,8891
Flintshire5£18,816558,0655
Gloucestershire7£21,896543,94623
Greater London59£19,605553,152170
Greater Manchester80£19,093555,355275
Hampshire20£23,356535,138128
Hertfordshire31£24,202438,49887
Highland3£17,661558,8042
Kent46£21,441436,144121
Lanarkshire11£23,910442,88834
Lancashire32£20,334548,998103
Leicestershire41£20,173554,704164
Lincolnshire18£20,224543,74057
Merseyside21£20,149539,77584
Midlothian4£18,497642,67314
Neath Port Talbot4£22,124426,185-
Newport5£25,559328,91814
Norfolk15£23,704341,29031
North Yorkshire25£21,503445,123116
Northamptonshire14£23,511541,17638
Northumberland1£18,980552,822-
Nottinghamshire10£21,964443,72489
Oxfordshire4£19,237549,42515
Perth & Kinross1£18,495757,0419
Renfrewshire3£19,665557,6473
Rhondda Cynon Taf6£22,661446,6517
Shropshire4£20,364448,69910
Somerset9£22,104449,8129
South Yorkshire36£17,764582,917116
Staffordshire45£21,874439,880119
Suffolk8£20,814462,08027
Surrey21£21,006444,75959
Swansea4£18,124557,41420
Tyne and Wear18£19,011557,18859
Warwickshire6£19,630556,58423
West Lothian4£22,985548,4119
West Midlands34£23,409444,956170
West Sussex3£16,563575,6747
West Yorkshire41£22,229444,956151
Wiltshire8£22,829447,83516
Worcestershire6£21,288539,03013
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