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Used Tesla Model 3 on Finance

Representative example: borrowing £6,500 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £166.07 per month, with a total cost of credit of £3,464.37 and a total amount payable of £9,964.37.

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
All952£23,874441,6553,420
Aberdeen City2£23,748338,94329
Aberdeenshire1£29,995423,2001
Barnet - Greater London1£20,750372,9982
Bedfordshire28£22,685444,574199
Belfast5£23,169438,54515
Berkshire11£22,690437,33765
Brent - Greater London1£39,950310,0001
Bristol25£27,463432,70385
Bromley - Greater London2£24,379443,81314
Buckinghamshire9£22,241339,62926
Cambridgeshire51£22,708339,66147
Cardiff8£24,306441,45220
Carrickfergus1£22,995546,000-
Ceredigion1£21,695419,2373
Cheshire13£24,731435,56973
City of Edinburgh3£23,032350,06713
City of London - Greater London52£22,663442,724197
County Durham6£23,419436,15115
Craigavon1£27,999334,4721
Croydon - Greater London6£24,995434,11315
Derbyshire16£24,446333,956100
Devon1£21,990544,2132
Dorset2£38,998214,05532
Dungannon2£23,993447,5064
Ealing - Greater London2£19,488451,3004
East Ayrshire3£23,098445,76317
East Riding of Yorkshire27£23,322334,00850
East Sussex24£18,115462,54239
Essex21£23,127442,556162
Fife4£25,247423,0807
Flintshire2£17,695551,215-
Glasgow City4£21,498459,33520
Greater Manchester71£22,478443,537191
Hampshire24£27,387426,921123
Harrow - Greater London3£21,812451,5192
Havering - Greater London2£27,345235,0003
Herefordshire2£23,149429,3037
Hertfordshire57£23,963436,882121
Highland2£20,598565,5736
Hillingdon - Greater London3£16,665483,3864
Hounslow - Greater London6£21,662438,90624
Kensington & Chelsea - Greater London3£22,450331,639-
Kent31£21,825444,21593
Kingston upon Thames - Greater London2£20,138462,3223
Lancashire13£22,922441,65971
Leicestershire31£23,155336,252241
Lincolnshire44£26,141325,682116
Magherafelt1£23,995455,2101
Merseyside5£21,492437,6477
Neath Port Talbot1£20,299454,2335
Newport2£27,095328,5402
Newtownabbey3£20,328459,43811
Norfolk6£21,446448,87443
North Down1£25,950329,4632
North Lanarkshire1£19,998575,2737
North Yorkshire14£22,253440,68041
Northamptonshire51£27,608329,15885
Northumberland2£28,000358,6811
Nottinghamshire25£23,101446,86285
Oxfordshire11£23,735432,71455
Pembrokeshire2£24,341347,895-
Redbridge - Greater London2£24,248420,0001
Renfrewshire1£20,998460,54139
Shropshire5£23,256348,70016
Somerset2£20,998473,5318
South Ayrshire1£23,498360,0604
South Lanarkshire1£23,998439,6924
South Yorkshire2£25,997331,12562
Staffordshire32£23,093339,595199
Stirling2£25,400423,5513
Suffolk4£24,088338,4717
Surrey18£25,169437,97446
Swansea2£21,497353,4946
Tyne and Wear19£23,363434,71476
Warwickshire4£21,663434,50714
West Midlands68£26,359436,043189
West Sussex4£25,444452,21412
West Yorkshire25£23,560444,82898
Wiltshire2£24,000536,94411
Worcestershire3£25,217434,66715
Wrexham1£33,98935,2022
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