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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
All932£23,662441,3613,544
Aberdeen City1£22,998322,09430
Aberdeenshire1£29,995423,2001
Barnet - Greater London1£20,495372,9982
Bedfordshire27£22,350447,317207
Belfast6£23,735436,78814
Berkshire11£21,620433,99269
Brent - Greater London1£39,950310,000-
Bristol25£28,120434,27387
Bromley - Greater London1£23,256350,02616
Buckinghamshire8£22,210338,03529
Cambridgeshire47£22,776341,22149
Cardiff6£24,752440,57322
Carrickfergus1£22,995546,000-
Ceredigion3£21,662434,6643
Cheshire12£24,575433,02373
City of Edinburgh5£22,018351,41813
City of London - Greater London44£22,126444,147213
County Durham6£23,918430,61715
Croydon - Greater London7£25,835330,20516
Derbyshire15£23,852436,446108
Devon2£21,493548,6072
Dorset2£38,998214,05529
Dungannon2£22,993449,5064
Ealing - Greater London2£19,488451,3004
East Ayrshire3£24,498339,11518
East Riding of Yorkshire35£23,239332,12856
East Sussex26£18,125464,00039
Essex19£22,992343,237166
Fife3£25,497423,7748
Flintshire2£17,695551,215-
Glasgow City3£22,165452,35420
Greater Manchester76£22,050444,119192
Hampshire27£27,557427,905128
Harrow - Greater London3£21,812451,5192
Havering - Greater London2£27,345235,0003
Herefordshire3£23,332430,3317
Hertfordshire51£24,090437,221126
Highland2£20,598565,5738
Hillingdon - Greater London2£15,773478,9305
Hounslow - Greater London4£22,931433,86727
Kensington & Chelsea - Greater London4£22,825331,354-
Kent29£22,333443,176102
Kingston upon Thames - Greater London2£20,138462,5003
Lancashire15£23,025441,12073
Leicestershire31£22,991336,312247
Lincolnshire33£26,292326,968126
Magherafelt1£23,995455,2101
Merseyside5£22,132434,6489
Moray1£22,998432,209-
Neath Port Talbot1£20,299454,2335
Newport3£26,729326,9471
Newtownabbey3£20,328459,43811
Norfolk3£20,352455,88046
North Down1£25,950329,4632
North Lanarkshire1£19,998575,2737
North Yorkshire17£22,655339,00638
Northamptonshire48£27,144331,68687
Northumberland2£28,000358,6811
Nottinghamshire23£23,269445,74891
Oxfordshire9£24,885325,40257
Pembrokeshire2£24,341347,929-
Redbridge - Greater London3£23,732422,6671
Renfrewshire4£22,898338,76839
Shropshire5£23,256348,70016
Somerset2£20,856473,5318
South Lanarkshire1£23,998439,6924
South Yorkshire3£26,497329,52059
Staffordshire32£23,588334,111199
Stirling4£24,425432,9273
Suffolk5£23,269343,7777
Surrey19£24,293437,92147
Swansea2£21,497353,4946
Tyne and Wear18£24,283431,29181
Warwickshire3£19,550434,33515
West Dunbartonshire1£23,498438,4031
West Midlands64£26,500436,277202
West Sussex4£25,444452,21412
West Yorkshire26£23,241446,296100
Wiltshire3£24,163535,95810
Worcestershire2£25,350435,00016
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