Motoring Today

Tesla Model 3 finance

PCP and Hire Purchase deals on a used Tesla Model 3 through our approved UK dealers — from £324/mo.

Reviewed by the Motoring Today Editorial team · methodology in our editorial standards.

How much is a Tesla Model 3 on finance?

Used Tesla Model 3 finance starts from around £324 a month across the 9 in stock, with a typical monthly of about £386. Most are offered on PCP or Hire Purchase (HP) — see the representative example below for a full breakdown of a real Tesla Model 3 deal, including the APR, deposit and total amount payable.

From
£324/mo
Typical
£386/mo
Cash price from
£12,800
In stock
9

There are currently 7 used Tesla Model 3s available on Motoring Today, with cash prices ranging from £12,995 to £26,995. This popular electric saloon is known for its impressive range, advanced technology, and rapid acceleration. With its distinctive design and focus on sustainable driving, the Model 3 offers a compelling package for those seeking an EV. Financing a used Tesla Model 3 could cost from as little as £290 per month. This representative finance example is based on a Hire Purchase (HP) agreement with a 13% APR and a term of 60 months, requiring a £0 deposit. It is important to remember that all finance options are subject to status, and each dealer will present their own specific representative example. While the Tesla Model 3 is often celebrated for its low running costs due to its electric powertrain, understanding the finance options available is crucial. On Motoring Today, every listing for a Tesla Model 3 includes a representative FCA-compliant finance quote from the dealer, allowing you to easily compare options alongside the car's ULEZ status and full MOT history.

Tesla Model 3 representative finance example

A genuine Hire Purchase quote for a 2019 Tesla Model 3 currently in stock. Individual deals vary with price, deposit, term and your circumstances.

Finance type
HP
Monthly payments
£324
Term
60 months
Contract length
60 months
Cash price
£14,500.00
Cash deposit
£0.00
Total amount of credit
£14,500.00
Total amount payable
£19,439.00
Representative APR
12.9%
Total charge for credit
£4,938.00
Fixed rate of interest pa
6.81%
Option to purchase fee
£1.00

The legal bit

Hanworth Autos Limited is a credit broker and not a lender. They are on the FCA’s Financial Services Register (firm reference number 919745).

Dealers can introduce you to a limited number of preferred lenders and/or brokers. No advice or recommendation is made — you must decide whether the finance is right for you.

Finance is subject to status (income, employment and creditworthiness) and approval. Available to permanent UK residents aged 18 and over. Terms and conditions apply.

How Tesla Model 3 finance works

PCP (Personal Contract Purchase)

Lower monthly payments because a large "optional final payment" is deferred to the end. At the end you choose to pay it and keep the Model 3, hand it back, or part-exchange. Mileage limits apply.

How PCP works →

HP (Hire Purchase)

The whole price (minus deposit) is spread over the term. Payments are usually higher than PCP, but you own the Model 3 outright at the end and there are no mileage limits.

How HP works →
Soft search

See what you could be offered on a Tesla Model 3

Check your eligibility for Tesla Model 3 finance in about 60 seconds. It's a soft search, so it leaves no footprint on your credit file and you're under no obligation to go ahead.

Check my eligibility

Tesla Model 3 in stock now — from £12,800

Tesla Model 3
Fair price

Tesla Model 3

2019 Long Range Awd

ElectricAutomatic96,000 mi2019
ULEZ ✓£200/yr
Finance available on request
£12,800
cash

Hanworth Autos Ltd·4.0 (28)· Feltham

Tesla Model 3
Fair price

Tesla Model 3

2020 Long Range Awd

ElectricAutomatic83,000 mi2020
£200/yr
Finance available on request
£14,300
cash

Hanworth Autos Ltd·4.0 (28)· Feltham

Tesla Model 3
Good price

Tesla Model 3

2019 Long Range Awd

ElectricAutomatic63,000 mi2019
£200/yr
£324/mo
£14,500
cash

Hanworth Autos Ltd·4.0 (28)· Feltham

Tesla Model 3
Fair price

Tesla Model 3

2022 Rwd

ElectricAutomatic91,000 mi2022
£200/yr
£331/mo
£14,800
cash

Hanworth Autos Ltd·4.0 (28)· Feltham

Tesla Model 3
Fair price

Tesla Model 3

2021 Long Range Awd

ElectricAutomatic45,589 mi2021
£200/yr
£442/mo
£19,995
cash

Mountsorrel Car Sales·4.9 (38)· Loughborough

Tesla Model 3
Fair price

Tesla Model 3

2022 Standard Range +

ElectricAutomatic19,143 mi2022
ULEZ ✓£200/yr
Finance available on request
£20,350
cash

JTW Motors·5.0 (72)· Stone

Tesla Model 3
Fair price

Tesla Model 3

2024

ElectricAutomatic20,000 mi2024
£200/yr
Finance available on request
£26,995
cash

Hanworth Autos Ltd·4.0 (28)· Feltham

Tesla Model 3
Fair price

Tesla Model 3

2024

ElectricAutomatic14,000 mi2024
£200/yr
Finance available on request
£28,995
cash

Hanworth Autos Ltd·4.0 (28)· Feltham

Frequently asked questions

How much is a Tesla Model 3 on finance per month?
Finance on a used Tesla Model 3 starts from around £324 a month, depending on the price, your deposit and the term. See the representative example on this page for a worked Tesla Model 3 deal with the full APR and totals.
Can I get a Tesla Model 3 on PCP?
Yes. Personal Contract Purchase (PCP) is available on most used Tesla Model 3 listings through our approved dealers. PCP keeps monthly payments lower by deferring a large "optional final payment" to the end; you then choose to pay it and keep the car, hand the car back, or part-exchange. Finance is subject to status and approval.
PCP or HP on a Tesla Model 3 — which is better?
Hire Purchase (HP) spreads the whole price (minus deposit) over the term, so you own the Model 3 outright at the end and monthly payments are usually higher. PCP defers part of the value to a final balloon payment, so monthlies are lower but you don't automatically own the car. HP suits high-mileage drivers who want to keep the car; PCP suits lower monthly budgets and shorter ownership. Our PCP-vs-HP guide explains the trade-offs.
Can I get Tesla Model 3 finance with bad credit?
Possibly. Some of our approved dealers work with lenders that consider applicants with a poor or limited credit history, though the APR is typically higher and approval is never guaranteed. Finance is always subject to status, income and creditworthiness. See our bad-credit car finance guide before applying.
How much deposit do I need for a Tesla Model 3?
There's no fixed minimum — many Tesla Model 3 agreements are available with a small or even zero deposit, subject to status. A larger deposit lowers the amount you borrow and your monthly payments. The representative example on this page shows the deposit used for that specific quote.
How much is a used Model 3 per month on finance?
A used Tesla Model 3 can be financed from £324 per month. This representative example assumes a 0 deposit over 60 months with a 13% APR on a Hire Purchase (HP) agreement. Finance is subject to status.
What deposit and APR do I need?
Our representative example shows a 0 deposit with a 13% APR. However, the personal rate and deposit required depend on your individual credit history and affordability assessment.
What's the difference between HP and PCP finance for this model?
Hire Purchase (HP) means you own the Tesla Model 3 outright after all payments are made. Personal Contract Purchase (PCP) typically has lower monthly payments, but you'll have an optional final payment to own the car, or you can return it or part-exchange it at the end of the term.
Can I get finance on a used Model 3 with the price range shown?
Yes, finance is generally available across the range of used Tesla Model 3s, which currently starts from £12,800. Our cheapest monthly finance option of £324 per month is based on one of these vehicles.

More Tesla Model 3 resources