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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
All862£19,550549,2415,064
Aberdeen City1£21,995628,22619
Barnet - Greater London1£12,800696,0727
Bedfordshire29£17,969556,954170
Belfast4£15,961658,8897
Berkshire33£20,812540,543176
Bristol16£22,495432,590169
Bromley - Greater London5£35,222210,3997
Buckinghamshire6£20,993452,95242
Cambridgeshire48£18,616549,667114
Cardiff7£15,233654,86444
Cheshire20£20,176440,03987
City of Edinburgh5£18,902542,63722
City of London - Greater London16£18,203551,419121
Coleraine1£15,995575,000-
Cookstown2£19,995545,6424
County Durham25£20,219555,37190
Croydon - Greater London2£13,850688,9534
Derbyshire48£19,660449,961233
Devon7£17,483555,39023
Dorset10£27,506332,12146
Down2£16,145660,0004
Dumfries and Galloway1£18,995540,015-
Dundee City1£19,200545,01314
Dungannon3£20,158538,38714
Ealing - Greater London2£23,215420,4251
East Riding of Yorkshire22£18,431447,480114
Essex39£18,924548,859160
Fife2£14,749581,9507
Flintshire12£16,454658,8386
Glasgow City5£21,191441,24626
Gloucestershire4£21,365533,33128
Greater Manchester59£19,263554,193479
Hampshire45£20,860437,248226
Harrow - Greater London3£12,330555,780-
Havering - Greater London9£23,006557,35113
Hertfordshire20£22,301538,598126
Hillingdon - Greater London1£15,790667,00010
Hounslow - Greater London1£16,000660,0004
Kent10£18,155541,989162
Kingston upon Thames - Greater London1£15,000776,3274
Lancashire20£17,764546,409175
Leicestershire26£17,781562,856258
Lincolnshire8£21,618546,03378
Magherafelt11£19,179561,56524
Merseyside23£17,620649,31565
Neath Port Talbot3£19,999526,3332
Newport1£13,995659,000-
Newry and Mourne2£22,650441,4542
Newtownabbey5£23,995436,77317
Norfolk13£18,826541,11099
North Down1£17,995567,6072
North Yorkshire14£25,540431,799121
Northamptonshire21£26,304539,06286
Nottinghamshire18£20,417541,694169
Oxfordshire4£17,348563,13129
Renfrewshire1£31,49825,9205
Richmond upon Thames - Greater London1£13,985742,311-
Shropshire2£19,497546,2168
Somerset3£18,451436,61213
South Ayrshire1£18,998347,2554
South Lanarkshire1£21,500540,0002
South Yorkshire23£15,818581,412113
Staffordshire9£21,800447,086141
Suffolk19£18,572562,80136
Surrey8£18,979542,56041
Swansea2£13,999693,56416
Tyne and Wear7£19,167657,09453
West Lothian1£18,995639,0003
West Midlands46£23,516435,944515
West Sussex2£20,498545,14118
West Yorkshire29£18,998553,932154
Wiltshire3£21,030449,69818
Worcestershire5£21,287445,81313
Wrexham1£23,450335,5791
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