Tesla Model 3 finance

Frequently asked questions

How much is a Tesla Model 3 on finance per month?

The monthly cost of a Tesla Model 3 on finance depends on the car's price, your deposit, the length of the agreement and the APR you're offered. Open any Tesla Model 3 listing to see the dealer's representative example.

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.