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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.

1,223 cars

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
All1,174£20,934546,5913,615
Aberdeenshire3£18,913644,68711
Angus3£19,296443,8005
Ayrshire4£20,565552,0193
Bedfordshire50£22,763547,293138
Berkshire24£20,870550,743100
Bridgend1£29,995113,0632
Bristol23£20,988554,44257
Buckinghamshire21£20,344549,99455
Cambridgeshire77£20,289450,752128
Cardiff5£20,089458,92027
Cheshire31£22,148433,670101
Cornwall3£19,415538,3342
County Antrim14£23,229441,55727
County Armagh2£23,485440,0006
County Down3£18,963552,3529
County Durham25£24,444431,83847
County Londonderry5£19,397559,84511
County Tyrone7£21,450450,77811
Cumbria1£23,195413,6491
Derbyshire54£20,089554,785196
Devon10£19,357552,98137
Dorset9£25,894435,95319
East Lothian1£20,999520,456-
East Riding of Yorkshire23£20,899443,78477
East Sussex4£18,808559,0958
Essex23£20,771545,50077
Falkirk1£18,550657,4451
Fife3£21,925527,6411
Flintshire5£18,816558,0656
Gloucestershire6£21,052450,80529
Greater London70£19,290455,329174
Greater Manchester93£20,077550,553284
Hampshire28£21,164538,199148
Hertfordshire31£21,026445,31885
Kent46£21,589439,108123
Lanarkshire12£23,397445,50133
Lancashire20£21,152541,685115
Leicestershire39£19,467555,483172
Lincolnshire18£21,126542,80653
Merseyside19£20,638443,19388
Merthyr Tydfil1£20,600353,876-
Midlothian5£20,598533,40114
Neath Port Talbot3£19,999526,333-
Newport2£20,424433,89915
Norfolk16£22,658440,91141
North Yorkshire32£22,010443,664119
Northamptonshire16£21,173453,35837
Nottinghamshire21£20,167551,62888
Oxfordshire3£19,663457,09518
Perth & Kinross2£17,645751,52110
Renfrewshire1£25,498414,2933
Rhondda Cynon Taf3£23,158446,8427
Shropshire3£20,663541,16910
Somerset9£24,936441,1637
South Yorkshire36£18,688568,896108
Staffordshire39£22,571437,927114
Suffolk8£18,280471,62022
Surrey24£20,349443,15057
Swansea6£17,824560,79315
Tyne and Wear16£19,654556,56958
Vale of Glamorgan1£18,420562,6485
Warwickshire9£20,193459,28919
West Lothian4£21,485558,2828
West Midlands37£21,998543,902197
West Sussex4£24,295446,8447
West Yorkshire45£21,466446,361136
Wiltshire6£20,863448,38416
Worcestershire4£20,223450,20614
Wrexham1£12,995779,3473
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