Get a Carsnitch Report for Free Owner, price, MOT & dealer.

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
All1,067£23,260443,3913,298
Aberdeen City1£24,498340,81421
Aberdeenshire1£28,995423,2001
Ballymena1£23,995348,000-
Barnet - Greater London1£19,995372,998-
Bedfordshire40£23,448443,239161
Belfast9£28,281334,27313
Berkshire19£23,334338,35570
Blaenau Gwent2£20,499526,6171
Brent - Greater London1£39,950310,000-
Bristol20£23,774435,38174
Bromley - Greater London2£31,778219,68912
Buckinghamshire12£23,499340,51931
Cambridgeshire63£22,255344,01161
Cardiff8£23,428438,07116
Carmarthenshire1£19,995379,987-
Carrickfergus2£19,748549,0731
Ceredigion2£21,495442,3783
Cheshire13£23,496439,44556
City of Edinburgh7£25,027345,63515
City of London - Greater London38£25,272338,683200
County Durham3£22,333440,17315
Croydon - Greater London3£20,158441,86713
Derbyshire26£22,948446,59489
Devon3£22,493441,7382
Dorset2£41,500110,70920
Down1£22,495449,473-
Dundee City2£26,147323,7222
Dungannon3£23,658343,9193
Ealing - Greater London3£18,538548,6503
East Ayrshire1£18,9980-11
East Dunbartonshire1£19,998466,750-
East Riding of Yorkshire47£23,529334,07272
East Sussex15£17,557470,40054
Essex34£22,854345,641132
Fife1£26,995416,0637
Flintshire2£17,695551,215-
Glasgow City3£27,859336,22012
Greater Manchester91£22,737442,818206
Hampshire30£26,946431,632115
Harrow - Greater London3£20,578449,4071
Havering - Greater London1£21,995240,0005
Hertfordshire80£23,796340,610126
Highland2£19,748574,9918
Hillingdon - Greater London3£17,717478,1046
Hounslow - Greater London4£20,896334,39125
Kent21£21,456444,575127
Kingston upon Thames - Greater London2£19,745462,5001
Lancashire23£23,006337,73773
Leicestershire50£23,861338,074189
Lincolnshire33£24,253331,010122
Magherafelt1£22,995455,2101
Merseyside8£20,456443,16610
Neath Port Talbot1£19,699454,2335
Newport2£23,399427,5692
Newtownabbey6£22,712453,81610
Norfolk16£23,322345,74933
North Lanarkshire1£18,798575,2732
North Yorkshire15£20,980341,96638
Northamptonshire43£26,576336,38089
Northumberland3£25,166351,0341
Nottinghamshire32£23,206342,35494
Oxfordshire10£27,242322,41454
Perth and Kinross2£24,749427,0314
Redbridge - Greater London3£23,598422,6671
Renfrewshire4£23,073450,09827
Shropshire7£23,497242,48610
Somerset3£19,992463,3545
South Lanarkshire1£20,698379,6704
South Yorkshire6£23,565433,79046
Staffordshire23£21,665440,674182
Suffolk4£22,341456,4707
Surrey20£25,529435,01454
Swansea4£21,873440,4055
Tyne and Wear19£23,632343,60575
Warwickshire4£18,175439,22312
West Lothian2£25,249348,0751
West Midlands55£25,808334,333226
West Sussex1£16,9904120,6008
West Yorkshire27£21,999339,06595
Wiltshire6£23,380443,0559
Worcestershire2£28,450322,50013
Add postcode for better results.