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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
All1,051£23,305443,6223,313
Aberdeen City1£20,998424,86124
Aberdeenshire1£28,995423,2001
Ballymena1£23,995348,000-
Barnet - Greater London1£19,995372,998-
Bedfordshire49£23,906342,116158
Belfast9£28,581334,27214
Berkshire17£22,553338,83368
Blaenau Gwent2£20,499526,6172
Brent - Greater London1£39,950310,000-
Bristol24£24,346433,46976
Bromley - Greater London2£31,778219,68913
Buckinghamshire14£23,098341,10231
Cambridgeshire52£22,194344,65466
Cardiff8£23,489436,04119
Carmarthenshire1£19,995379,987-
Carrickfergus2£19,748549,0731
Ceredigion2£21,495442,3783
Cheshire13£23,704439,41761
City of Edinburgh6£24,598351,26514
City of London - Greater London42£25,031437,667202
County Durham3£22,333440,17315
Croydon - Greater London4£21,118440,97512
Cumbria1£25,998332,9636
Derbyshire25£23,458439,46789
Devon3£22,493441,7383
Dorset2£41,500110,70920
Down1£22,495449,473-
Dundee City1£26,298324,8082
Dungannon3£23,658343,9194
Ealing - Greater London3£18,538548,6504
East Dunbartonshire1£19,998466,750-
East Riding of Yorkshire46£23,431333,33667
East Sussex16£17,521469,43853
Essex35£22,710346,257133
Fife1£26,995416,0637
Flintshire2£17,695551,215-
Glasgow City2£29,540336,22015
Greater Manchester81£23,064443,991208
Hampshire26£26,995431,026116
Harrow - Greater London3£20,578449,4071
Hertfordshire69£24,232438,502125
Highland2£19,748574,9918
Hillingdon - Greater London3£16,901474,9075
Hounslow - Greater London5£20,932333,31926
Kensington & Chelsea - Greater London1£22,450230,5003
Kent22£21,351443,837125
Kingston upon Thames - Greater London2£19,745462,5001
Lancashire25£22,903438,67671
Leicestershire51£23,574339,550197
Lincolnshire36£23,801333,139124
Magherafelt1£22,995455,2101
Merseyside10£21,183440,0708
Neath Port Talbot1£19,999454,2335
Newport2£23,399427,5643
Newtownabbey6£23,129453,81610
Norfolk13£23,570347,76535
North Lanarkshire1£18,798575,2735
North Yorkshire17£21,418340,91438
Northamptonshire39£25,931437,78989
Northumberland3£25,166351,0341
Nottinghamshire34£23,329342,20992
Oxfordshire8£26,071325,66753
Perth and Kinross1£25,998331,5625
Redbridge - Greater London2£23,648420,0002
Renfrewshire5£24,618339,83427
Shropshire3£23,974355,05113
Somerset3£19,992463,3545
South Lanarkshire2£22,498363,6123
South Yorkshire5£22,669337,72750
Staffordshire30£23,523334,473172
Suffolk5£22,669448,3997
Surrey17£27,180431,16850
Swansea3£21,831342,4656
Tyne and Wear19£23,255342,34372
Warwickshire2£17,700538,23912
West Dunbartonshire1£19,298361,0851
West Lothian2£21,999361,434-
West Midlands55£26,113333,852227
West Sussex1£16,9904120,6008
West Yorkshire28£21,867338,06898
Wiltshire6£23,380443,0559
Worcestershire3£25,783337,00013
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