Motoring Today

Tesla Model 3 finance

PCP and Hire Purchase deals on a used Tesla Model 3 through our approved UK dealers — from £308/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 £308 a month across the 7 in stock, with a typical monthly of about £360. 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
£308/mo
Typical
£360/mo
Cash price from
£13,800
In stock
7

There are currently 4 used Tesla Model 3 cars available on Motoring Today, with prices ranging from £13,995 to £17,490. You could drive away a Tesla Model 3 from as little as £313 per month. This representative monthly payment is based on a Hire Purchase (HP) agreement with no deposit over 60 months, at an Annual Percentage Rate (APR) of 13%. Please note that all finance options are subject to status. Motoring Today aims to provide transparent finance information for every car. Each Tesla Model 3 listed on our platform includes its own representative finance example, provided directly by the selling dealer. This allows you to compare different deals and understand the potential monthly costs before making an enquiry. The Tesla Model 3 is a popular electric saloon, commonly recognised for its performance and technology. While finance options can help spread the cost, it's important to review the full terms and conditions of any agreement. Remember, the representative examples shown are for illustrative purposes, and the exact finance offer you receive will depend on your individual circumstances and credit assessment.

Tesla Model 3 representative finance example

A genuine Hire Purchase quote for a 2020 Tesla Model 3 currently in stock. Individual deals vary with price, deposit, term and your circumstances.

Finance type
HP
Monthly payments
£403
Term
60 months
Contract length
60 months
Cash price
£17,490.00
Cash deposit
£0.00
Total amount of credit
£17,490.00
Total amount payable
£24,165.00
Representative APR
14.4%
Total charge for credit
£6,665.00
Fixed rate of interest pa
7.62%
Option to purchase fee
£10.00

The legal bit

Ezy Access Ltd is a credit broker and not a lender. They are on the FCA’s Financial Services Register (firm reference number 1011532).

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.

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Tesla Model 3 in stock now — from £13,800

Tesla Model 3
Good price

Tesla Model 3

2019 Performance Awd

ElectricAutomatic89,000 mi2019
£200/yr
£316/mo
£13,995
cash

Hanworth Autos Ltd·4.3 (32)· Feltham

Tesla Model 3
Fair price

Tesla Model 3

2019 Standard Range +

ElectricAutomatic30,535 mi2019
ULEZ ✓£200/yr
Finance available on request
£15,690
cash

Ezy Access·4.5 (207)· South Ruislip

Tesla Model 3
Fair price

Tesla Model 3

2020 Long Range Awd

ElectricAutomatic39,185 mi2020
£200/yr
£403/mo
£17,490
cash

Ezy Access·4.5 (207)· South Ruislip

Tesla Model 3
Fair price

Tesla Model 3

2022 Standard Range +

ElectricAutomatic19,143 mi2022
£200/yr
£444/mo
£20,395
cash

JTW Motors·5.0 (68)· Stone

Tesla Model 3
Fair price

Tesla Model 3

2024

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

Hanworth Autos Ltd·4.3 (32)· Feltham

Tesla Model 3
Fair price

Tesla Model 3

2024

ElectricAutomatic5,000 mi2024
ULEZ ✓£200/yr
Finance available on request
£28,500
cash

Hanworth Autos Ltd·4.3 (32)· 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 £308 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 Tesla Model 3 per month on finance?
Due to the absence of representative finance examples in our current data, we cannot provide a specific monthly figure for a used Tesla Model 3 at this time. Finance is always subject to status.
What deposit and APR do I need for a used Tesla Model 3?
We are currently unable to provide specific deposit and APR figures for a used Tesla Model 3, as we do not have a representative finance example available. The personal rate you receive will depend on your credit history and affordability.
Can I get finance on a used Tesla Model 3 with the price range shown?
Yes, it is generally possible to get finance for a used Tesla Model 3. Our current stock starts from £14,995, and finance options are available subject to status, though we cannot provide a monthly figure without representative finance data.

More Tesla Model 3 resources