Tesla Model Y finance

Frequently asked questions

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

The monthly cost of a Tesla Model Y 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 Y listing to see the dealer's representative example.

Can I get a Tesla Model Y on PCP?

Yes. Personal Contract Purchase (PCP) is available on most used Tesla Model Y 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 Y — which is better?

Hire Purchase (HP) spreads the whole price (minus deposit) over the term, so you own the Model Y 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 Y 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 Y?

There's no fixed minimum — many Tesla Model Y 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 Y per month on finance?

Based on our current stock, a used Tesla Model Y could be financed from £452 per month. This representative example assumes a 0% deposit over 60 months on an HP agreement with a 13% APR. Finance is subject to status.

What deposit and APR do I need for a Tesla Model Y?

Our representative finance example for the Tesla Model Y assumes a 0% deposit and a 13% APR. The actual APR you are offered will depend on your personal credit history and affordability assessment.

What is the difference between HP and PCP for financing a Tesla Model Y?

With Hire Purchase (HP), you own the Tesla Model Y outright after making all monthly payments. Personal Contract Purchase (PCP) typically offers lower monthly payments but requires a final balloon payment to own the car, or you can return it.

Can I get finance on a used Tesla Model Y with the price range shown?

Yes, you can get finance on a used Tesla Model Y within the price range of £21685 to £37600. Our current cheapest cash price of £21685 corresponds to the representative monthly finance example from £452.