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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
All1,109£35,873437,9703,140
Aberdeen City9£26,943433,28922
Aberdeenshire2£27,747422,870-
Angus2£24,719428,7092
Ballymoney1£25,495432,0252
Banbridge2£28,950422,050-
Barnet - Greater London1£22,495372,9984
Bedfordshire45£22,884346,367213
Belfast12£27,966432,95011
Berkshire19£22,274444,37837
Blaenau Gwent1£20,999428,4454
Brent - Greater London1£39,950310,0002
Bristol21£26,232440,21583
Bromley - Greater London6£25,450433,8626
Buckinghamshire11£23,882440,66326
Cambridgeshire42£23,132439,93835
Cardiff9£25,296436,58115
Carrickfergus1£22,995546,0001
Ceredigion1£24,495445,4054
Cheshire22£26,252431,11574
City of Edinburgh8£26,549440,79215
City of London - Greater London41£24,181539,996216
County Durham6£23,578430,99819
Croydon - Greater London7£24,936422,55713
Cumbria2£24,248448,5057
Derbyshire23£25,621335,311103
Devon1£22,500531,3912
Dorset6£27,773423,25731
Dundee City1£24,9980-6
Dungannon4£24,866339,4983
Ealing - Greater London4£21,554445,8002
East Ayrshire3£25,165323,69415
East Riding of Yorkshire20£23,312430,37266
East Sussex10£18,386468,70016
Essex57£23,123444,750137
Fife6£24,965427,7006
Glasgow City5£25,219450,70528
Greater Manchester90£23,319442,358155
Hampshire29£918,031430,468110
Harrow - Greater London4£22,366445,1451
Herefordshire3£25,764520,4815
Hertfordshire59£24,620436,621103
Highland2£23,647445,5563
Hounslow - Greater London10£23,590427,32816
Kensington & Chelsea - Greater London1£23,950316,600-
Kent19£21,755445,48846
Kingston upon Thames - Greater London2£20,695543,8314
Lancashire20£23,768435,34978
Leicestershire60£23,359439,567224
Lincolnshire45£25,518329,130129
Magherafelt2£33,373542,6052
Merseyside3£23,497432,00711
Neath Port Talbot2£21,470463,6641
Newport3£27,529326,9443
Norfolk11£25,477339,82958
North Down1£26,495325,5142
North Lanarkshire1£20,298575,2738
North Yorkshire10£24,119435,63630
Northamptonshire51£28,669430,71587
Northumberland3£26,999352,7411
Nottinghamshire29£24,591446,60477
Oxfordshire11£24,669426,15349
Pembrokeshire1£22,999368,409-
Perth and Kinross1£28,998337,2464
Redbridge - Greater London2£25,400432,500-
Renfrewshire10£23,338441,62340
Shropshire5£26,255335,06915
Somerset5£22,211460,9955
South Ayrshire3£25,531344,0355
South Lanarkshire1£24,498439,6924
South Yorkshire16£24,178434,45059
Staffordshire48£25,425331,928175
Suffolk2£30,990317,5994
Surrey20£25,699435,52531
Swansea1£19,999425,6216
Tyne and Wear21£25,047443,39990
Warwickshire6£23,275435,09110
West Midlands40£25,127440,118143
West Sussex3£26,658456,86316
West Yorkshire38£24,636437,06077
Wiltshire1£26,000448,88712
Worcestershire2£22,725462,00015
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