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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
All1,074£21,017547,2623,583
Aberdeenshire3£17,763647,1069
Angus3£20,262440,5216
Ayrshire1£22,170350,8277
Bedfordshire46£20,212454,830160
Berkshire21£21,537445,33786
Bristol21£19,246555,59657
Buckinghamshire17£18,781557,87561
Cambridgeshire49£20,485550,282137
Cardiff4£17,863566,43525
Cheshire35£22,049438,01699
Cornwall3£18,415554,3342
County Antrim15£22,659443,35725
County Armagh4£23,718440,0476
County Down3£20,963543,6268
County Durham19£24,425432,90046
County Londonderry5£20,577462,41212
County Tyrone7£22,093451,57511
Cumbria1£23,000413,6491
Derbyshire46£19,923554,094191
Devon7£19,869544,40933
Dorset7£28,167332,08018
East Lothian1£20,999520,456-
East Riding of Yorkshire15£22,558442,13177
East Sussex5£19,115563,5038
Essex18£19,558556,91681
Falkirk1£18,550657,4451
Fife5£20,719531,8891
Flintshire5£18,816558,0655
Gloucestershire9£21,837543,42626
Greater London59£19,866450,736177
Greater Manchester79£19,700552,246276
Hampshire23£22,037539,126128
Hertfordshire31£23,346439,89788
Highland2£18,247564,7072
Kent51£21,242437,652121
Lanarkshire8£23,342445,19635
Lancashire26£19,976549,007103
Leicestershire44£19,799556,716164
Lincolnshire19£19,871546,00257
Merseyside24£19,482544,90083
Merthyr Tydfil1£20,400353,876-
Midlothian4£18,497642,67315
Neath Port Talbot4£22,124426,185-
Newport4£25,349323,67013
Norfolk12£23,359440,74838
North Yorkshire25£21,675445,014119
Northamptonshire16£23,325445,78238
Northumberland1£18,980552,155-
Nottinghamshire10£21,324550,74390
Oxfordshire2£18,349546,84817
Perth & Kinross1£18,495757,04111
Renfrewshire3£19,665557,6473
Rhondda Cynon Taf6£23,044446,6517
Shropshire2£20,495541,20610
Somerset7£22,687450,10110
South Yorkshire34£17,451582,983115
Staffordshire44£22,127439,752115
Suffolk8£22,624441,85125
Surrey21£21,023443,56561
Swansea6£22,024444,32517
Tyne and Wear15£19,177557,52956
Warwickshire6£21,764448,82023
West Lothian4£22,435551,8258
West Midlands30£21,600548,065181
West Sussex4£22,920560,1316
West Yorkshire47£21,405547,098139
Wiltshire9£22,297449,20617
Worcestershire6£21,288539,03016
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