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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
All994£23,888441,3363,448
Aberdeen City2£23,748338,94329
Aberdeenshire1£29,995423,2001
Barnet - Greater London1£20,750372,9983
Bedfordshire25£23,132447,250199
Belfast8£24,494438,49112
Berkshire13£20,878440,22965
Brent - Greater London1£39,950310,0001
Bristol27£28,087432,43584
Bromley - Greater London4£23,935444,58912
Buckinghamshire6£22,117438,01328
Cambridgeshire49£22,950341,05550
Cardiff9£24,735441,11020
Carrickfergus1£22,995546,000-
Ceredigion1£21,695419,2373
Cheshire13£24,669437,33574
City of Edinburgh2£23,348359,21414
City of London - Greater London60£22,857442,674201
County Durham5£23,005437,98215
Craigavon1£27,999334,4721
Croydon - Greater London6£24,995434,11315
Derbyshire14£25,083333,393104
Devon1£21,990544,2132
Dorset2£38,998214,05534
Dungannon1£25,990349,0004
Ealing - Greater London2£19,488451,3004
East Ayrshire3£23,198445,76317
East Renfrewshire1£21,000422,4191
East Riding of Yorkshire24£22,932335,46954
East Sussex19£17,279466,00038
Essex25£23,109441,451165
Fife3£25,330423,7749
Flintshire2£17,695551,215-
Glasgow City4£21,498459,33521
Greater Manchester72£22,275443,920190
Hampshire26£27,184428,892128
Harrow - Greater London3£21,978451,5192
Havering - Greater London2£27,345235,0003
Herefordshire1£26,299418,4037
Hertfordshire60£24,169437,210118
Highland2£20,598565,5736
Hillingdon - Greater London3£16,665483,3865
Hounslow - Greater London7£22,203435,14222
Kensington & Chelsea - Greater London3£22,450331,639-
Kent33£21,862443,73989
Kingston upon Thames - Greater London2£20,138462,3223
Lancashire14£22,966441,96173
Leicestershire35£23,611333,505245
Lincolnshire46£26,072326,429121
Magherafelt1£24,750455,2101
Merseyside5£21,491437,6477
Neath Port Talbot1£20,998454,2335
Newport3£27,063326,9472
Newtownabbey3£20,328459,43811
Norfolk7£21,310347,97843
North Down1£25,950329,4632
North Lanarkshire1£19,998575,2738
North Yorkshire16£22,139439,98040
Northamptonshire54£27,497330,17186
Northumberland2£28,000358,6811
Nottinghamshire27£22,696444,48082
Oxfordshire11£23,735432,71458
Pembrokeshire2£24,341347,895-
Redbridge - Greater London2£24,248420,0001
Renfrewshire1£20,998460,54141
Shropshire5£23,256348,70016
Somerset3£20,004462,9177
South Ayrshire1£23,498360,0605
South Lanarkshire1£23,998439,6924
South Yorkshire6£24,964437,90062
Staffordshire32£22,961340,391203
Stirling2£25,400423,5513
Suffolk4£24,088338,4717
Surrey15£23,851433,85544
Swansea3£21,663347,9965
Tyne and Wear21£23,519436,23377
Warwickshire5£21,430435,61613
West Midlands74£26,539435,351187
West Sussex4£25,444452,21412
West Yorkshire29£23,386445,17996
Wiltshire3£24,300435,56310
Worcestershire3£25,217434,66715
Wrexham1£33,98935,2022
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