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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
All992£24,045440,6023,400
Aberdeen City2£24,498332,22329
Aberdeenshire1£29,995423,2001
Barnet - Greater London1£20,995372,9983
Bedfordshire20£22,830444,788202
Belfast6£24,515436,78813
Berkshire16£21,802438,42162
Brent - Greater London1£39,950310,0001
Bristol25£27,829430,77186
Bromley - Greater London6£24,343441,05010
Buckinghamshire7£23,307339,94427
Cambridgeshire63£22,507343,74544
Cardiff11£24,040443,46119
Carrickfergus1£22,995546,000-
Ceredigion1£21,695419,2373
Cheshire11£23,542437,81976
City of Edinburgh3£22,982453,32514
City of London - Greater London58£23,291440,960197
County Durham5£24,146438,60417
Craigavon1£28,999334,4721
Croydon - Greater London6£24,412433,45014
Derbyshire16£24,310438,096103
Devon1£22,990544,2132
Dorset6£30,573318,72832
Dundee City1£24,698347,1444
Dungannon3£23,657340,7323
Ealing - Greater London2£19,642451,3005
East Ayrshire4£22,123451,46116
East Riding of Yorkshire20£22,636435,12853
East Sussex12£17,323466,58340
Essex28£23,832340,398170
Fife3£25,430423,7749
Glasgow City3£22,498452,35422
Greater Manchester77£22,445444,276181
Hampshire23£27,358433,245127
Harrow - Greater London3£21,978451,5192
Herefordshire1£26,299418,4037
Hertfordshire50£24,871436,828117
Highland3£23,231456,6014
Hillingdon - Greater London3£16,832483,3865
Hounslow - Greater London7£22,424426,87121
Kensington & Chelsea - Greater London3£23,117331,639-
Kent28£22,435443,45780
Kingston upon Thames - Greater London1£20,990454,6433
Lancashire14£23,028444,90373
Leicestershire40£23,519333,407242
Lincolnshire42£25,282328,375128
Magherafelt1£24,750455,2102
Merseyside6£21,777442,7096
Neath Port Talbot1£18,699441,1464
Newport2£27,595328,5403
Newtownabbey2£21,745453,0439
Norfolk13£23,553338,09141
North Down1£25,950329,4632
North Lanarkshire1£19,998575,2738
North Yorkshire16£21,638443,62234
Northamptonshire59£27,795429,90981
Northumberland2£28,000358,6812
Nottinghamshire26£23,114441,42389
Oxfordshire8£23,143430,55355
Pembrokeshire2£24,341347,895-
Redbridge - Greater London2£24,248420,0001
Renfrewshire2£22,498450,55343
Shropshire6£24,681340,58816
Somerset3£20,133462,9178
South Ayrshire1£23,498360,0605
South Lanarkshire1£23,998439,6924
South Yorkshire10£23,196442,28760
Staffordshire40£23,638335,229198
Stirling3£26,033422,3673
Suffolk2£25,238338,8857
Surrey15£23,622435,32440
Swansea3£21,663347,9966
Tyne and Wear19£24,002337,59176
Warwickshire6£23,575532,49013
West Midlands63£26,616434,470185
West Sussex4£25,869452,21412
West Yorkshire27£23,817443,20192
Wiltshire3£23,667437,82910
Worcestershire2£25,350435,00015
Wrexham1£33,98935,2022
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