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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
All1,069£24,180439,7943,391
Aberdeen City4£24,123450,13627
Aberdeenshire1£29,995423,2001
Angus2£23,465428,7092
Ballymoney1£25,495432,0251
Barnet - Greater London1£20,350372,9983
Bedfordshire21£22,283444,846215
Belfast6£25,785444,96113
Berkshire15£21,933442,16364
Blaenau Gwent1£20,999428,4454
Brent - Greater London1£39,950310,0002
Bristol24£28,606431,06696
Bromley - Greater London2£26,767426,35511
Buckinghamshire9£24,088341,27628
Cambridgeshire70£22,443445,05238
Cardiff12£23,927439,66217
Carrickfergus1£22,995546,000-
Ceredigion1£21,695419,2373
Cheshire11£23,902433,31581
City of Edinburgh1£22,698368,60816
City of London - Greater London57£23,831439,974196
County Durham7£23,002435,37317
Croydon - Greater London6£25,828428,26615
Cumbria2£24,474438,6505
Derbyshire12£23,739441,501117
Devon1£22,990544,2132
Dorset8£27,625324,20731
Dundee City1£24,698347,1444
Dungannon3£23,657340,7323
Ealing - Greater London3£21,185438,2333
East Ayrshire4£22,373451,46115
East Riding of Yorkshire25£23,770435,69251
East Sussex20£16,490478,40026
Essex30£24,513338,826175
Fife4£25,323424,9338
Glasgow City4£21,748457,18923
Greater Manchester90£22,436446,022172
Hampshire25£28,188433,560121
Harrow - Greater London3£21,978451,5192
Herefordshire3£24,431524,8945
Hertfordshire50£24,172438,002117
Highland2£21,848568,3744
Hillingdon - Greater London2£17,601486,0795
Hounslow - Greater London12£22,535432,80020
Kensington & Chelsea - Greater London3£23,117331,639-
Kent22£22,137442,48272
Kingston upon Thames - Greater London1£21,890453,4003
Lancashire21£23,103441,26768
Leicestershire48£24,056332,765239
Lincolnshire38£25,417328,541128
Magherafelt1£24,750455,2103
Merseyside4£22,443445,62810
Neath Port Talbot1£18,699441,1464
Newport2£27,995328,5404
Newtownabbey2£22,145433,5406
Norfolk11£23,286336,30752
North Down1£26,495329,4632
North Lanarkshire2£22,698550,7258
North Yorkshire15£21,733442,78236
Northamptonshire56£29,181430,74685
Northumberland2£28,000358,6812
Nottinghamshire29£22,970442,29287
Oxfordshire9£24,791420,08050
Pembrokeshire2£24,341347,895-
Perth and Kinross1£29,298310,3093
Redbridge - Greater London2£24,248420,0001
Renfrewshire6£23,365445,44041
Shropshire7£25,112337,76015
Somerset4£20,432459,5417
South Ayrshire1£23,498360,0605
South Lanarkshire1£23,998439,6924
South Yorkshire8£22,467445,86060
Staffordshire58£23,915334,181182
Stirling2£23,500426,4132
Suffolk1£27,980323,7707
Surrey14£24,191431,38538
Swansea2£19,997454,7336
Tyne and Wear21£24,270339,08375
Warwickshire5£25,400532,91815
West Midlands61£26,469436,615182
West Sussex5£25,553451,55811
West Yorkshire35£23,687444,79388
Wiltshire3£24,300437,82912
Worcestershire3£24,817438,33317
Wrexham1£35,44035,2022
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