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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
All1,143£36,165438,6143,198
Aberdeen City9£26,876433,49924
Aberdeenshire2£27,747422,870-
Angus2£24,719428,7092
Ballymoney1£25,495432,0252
Banbridge1£29,950319,1001
Barnet - Greater London1£22,495372,9984
Bedfordshire44£23,411344,666216
Belfast13£27,660436,74811
Berkshire18£22,798443,30043
Blaenau Gwent1£20,999428,4454
Brent - Greater London1£39,950310,0002
Bristol21£25,284442,19585
Bromley - Greater London6£24,708433,8626
Buckinghamshire11£23,855440,66326
Cambridgeshire67£22,833443,62835
Cardiff9£25,296436,58915
Carrickfergus1£22,995546,0001
Ceredigion1£24,495445,4054
Cheshire20£26,464432,06877
City of Edinburgh8£26,499440,79215
City of London - Greater London51£23,867440,562216
County Durham7£23,638434,64820
Croydon - Greater London7£24,936422,55713
Cumbria2£24,248448,5058
Derbyshire25£25,374435,132103
Devon1£22,500531,3912
Dorset6£26,255423,12532
Dundee City1£24,998347,1446
Dungannon4£24,866339,4983
Ealing - Greater London3£21,742438,2333
East Ayrshire3£25,165323,69415
East Riding of Yorkshire20£22,877433,87365
East Sussex11£18,259467,45515
Essex54£23,362443,748140
Fife6£24,881429,3046
Glasgow City4£24,224449,05829
Greater Manchester95£23,226442,389156
Hampshire28£949,571329,131110
Harrow - Greater London4£22,366445,1451
Herefordshire3£25,764520,4814
Hertfordshire62£24,432436,676102
Highland2£23,647445,5563
Hounslow - Greater London9£23,244428,39617
Kensington & Chelsea - Greater London1£23,950316,600-
Kent22£22,138443,90548
Kingston upon Thames - Greater London1£21,890453,4005
Lancashire25£23,964434,25277
Leicestershire60£23,358440,224230
Lincolnshire40£25,699329,116134
Magherafelt1£24,750455,2103
Merseyside3£23,331432,00710
Neath Port Talbot1£22,945437,5032
Newport3£27,529326,9443
Newtownabbey1£20,995348,7855
Norfolk9£25,577341,53960
North Down2£26,495327,4892
North Lanarkshire2£22,498459,5958
North Yorkshire14£22,543437,24731
Northamptonshire49£28,301431,72189
Northumberland3£26,999352,7411
Nottinghamshire30£24,632446,52575
Oxfordshire11£24,833426,84752
Pembrokeshire1£22,999368,409-
Perth and Kinross1£28,998337,2464
Redbridge - Greater London2£25,400432,500-
Renfrewshire8£22,986444,45742
Shropshire7£26,410332,90414
Somerset5£22,094460,9955
South Ayrshire3£25,531344,0355
South Lanarkshire1£24,498439,6924
South Yorkshire15£24,417434,97160
Staffordshire43£24,928333,102182
Suffolk2£29,480314,6505
Surrey21£26,046435,71432
Tyne and Wear24£24,682441,46488
Warwickshire6£23,208435,09110
West Midlands41£24,758439,686146
West Sussex2£26,493473,00717
West Yorkshire36£24,627437,03679
Wiltshire1£26,000448,88712
Worcestershire1£25,450343,00016
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