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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
All924£20,476546,8963,784
Aberdeen City1£22,998414,66114
Ards1£17,990643,5003
Bedfordshire47£21,342552,900151
Belfast6£34,363558,1756
Berkshire27£19,612538,726153
Bexley - Greater London1£30,095245,239-
Blaenau Gwent1£18,499528,9574
Bristol18£19,882544,287118
Bromley - Greater London4£25,795431,0136
Buckinghamshire13£20,670445,55134
Cambridgeshire76£18,792552,072106
Carrickfergus2£22,250551,9703
Cheshire22£20,006538,05981
City of Edinburgh2£19,222644,76113
City of London - Greater London3£15,728474,98813
Coleraine1£15,995575,000-
County Durham30£22,151435,64870
Derbyshire56£19,067456,622187
Devon5£17,529549,40032
Dorset13£27,847332,20547
Down2£15,823660,0003
Dumfries and Galloway2£22,497533,077-
Dungannon4£19,243645,29011
Ealing - Greater London1£26,90011,9502
East Riding of Yorkshire4£17,442556,9256
East Sussex4£17,545654,4485
Essex20£20,469548,83989
Falkirk1£15,380676,1804
Fife1£24,499328,2005
Flintshire10£15,807663,669-
Glasgow City7£21,443539,71220
Gloucestershire4£23,048338,73024
Greater Manchester66£19,636554,010378
Hampshire35£22,350437,519202
Harrow - Greater London2£10,998669,0111
Havering - Greater London27£22,301455,08150
Herefordshire1£17,995527,1951
Hertfordshire22£21,786531,14586
Kent17£20,050442,897113
Kingston upon Thames - Greater London2£15,225650,0087
Lancashire23£20,452443,889130
Leicestershire31£16,810567,830219
Lincolnshire18£21,480541,54359
Magherafelt7£18,025671,51724
Merseyside14£18,610544,96151
Newry and Mourne5£19,039542,3753
Newtownabbey4£25,245337,44512
Norfolk13£27,724337,22478
North Yorkshire25£24,108431,093125
Northamptonshire9£19,886439,29738
Nottinghamshire21£21,352547,32297
Oxfordshire3£22,245448,59114
Perth and Kinross6£17,363576,2684
Rhondda Cynon Taf1£20,699459,3011
Shropshire1£18,498450,9855
Somerset1£20,470420,0629
South Lanarkshire1£21,500540,000-
South Yorkshire29£20,300468,05488
Staffordshire17£22,498536,58290
Strabane1£19,995350,8071
Suffolk15£17,470567,91832
Surrey13£18,454551,15931
Swansea1£17,499575,1389
Tyne and Wear12£17,311655,81239
Warwickshire1£16,350549,62023
West Lothian1£18,995639,0002
West Midlands47£25,802435,304377
West Sussex2£17,748653,98316
West Yorkshire34£21,008545,928133
Wiltshire5£22,576439,72515
Worcestershire2£24,023433,25011
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