What deposit is needed to get a Tesla Model 3 under £400 per month?

Based on a representative HP finance example for a Tesla Model 3 at 13% APR over 60 months with a £0 deposit, your monthly payment would be higher. A larger deposit will typically lower your monthly payments, and finance is always subject to status.

Does my credit score affect the monthly payment for a Tesla Model 3?

Yes, it does. The quoted representative rates are an example, and the actual personal APR offered for a Tesla Model 3 will depend on your individual credit history and the lender's affordability checks.

Should I choose HP or PCP for a Tesla Model 3 within this budget?

With Hire Purchase (HP), you own the Tesla Model 3 outright after all payments, whereas Personal Contract Purchase (PCP) involves a final balloon payment if you wish to keep the car. Motoring Today's PCP vs HP finance guide covers these differences in full.

Tesla Model 3 under £400 per month

In stock

Live Tesla Model 3 listings

From / month

£313/mo

Cheapest representative quote

Monthly budget

£400

Under £400 a month

Other monthly budgets:Under £150 Under £200 Under £250 Under £300 Under £400 Under £500

Fair price

Tesla Model 3

2020 Long Range Awd

ElectricAutomatic78,000 mi2020

£200/yr

£313/mo

£13,995

cash

Hanworth Autos Ltd·4.3 (32)· Feltham

Fair price

Tesla Model 3

2020 Standard Range +

ElectricAutomatic41,000 mi2020

ULEZ ✓£200/yr

£335/mo

£14,995

cash

Hanworth Autos Ltd·4.3 (32)· Feltham

Fair price

Tesla Model 3

2023 Rwd

ElectricAutomatic82,000 mi2023

£200/yr

£344/mo

£15,900

cash

Hanworth Autos Ltd·4.3 (32)· Feltham

Good price

Tesla Model 3

2020 Performance Awd

ElectricAutomatic75,000 mi2020

£200/yr

£346/mo

£15,500

cash

Hanworth Autos Ltd·4.3 (32)· Feltham

Frequently asked questions

What deposit is needed to get a Tesla Model 3 under £400 per month?: Based on a representative HP finance example for a Tesla Model 3 at 13% APR over 60 months with a £0 deposit, your monthly payment would be higher. A larger deposit will typically lower your monthly payments, and finance is always subject to status.
Does my credit score affect the monthly payment for a Tesla Model 3?: Yes, it does. The quoted representative rates are an example, and the actual personal APR offered for a Tesla Model 3 will depend on your individual credit history and the lender's affordability checks.
Should I choose HP or PCP for a Tesla Model 3 within this budget?: With Hire Purchase (HP), you own the Tesla Model 3 outright after all payments, whereas Personal Contract Purchase (PCP) involves a final balloon payment if you wish to keep the car. Motoring Today's PCP vs HP finance guide covers these differences in full.