Best Tesla Finance Deals - January 2026

Looking for a finance deal on a new Tesla Model 3 or Model Y? You've come to the right place

Tesla isn't just one of the most recognised electric car brands, it's now one of the biggest names in the automotive world. Its goal is to produce electric models for all, but such is the performance and equipment offered by Tesla, its models are pitched at premium brand rivals like BMW and Mercedes.

Its big sellers are the Tesla Model 3 and Tesla Model Y. The facelifted Model 3 features a revised exterior look, while the interior has also benefited from a design tidy up and gained higher quality materials.

Step up to the Model Y and you're also looking at a recently revised car. Like the Model 3, the updated Model Y features a refreshed design, interior improvements and a suspension update aimed at improving comfort. If you're looking to get behind the wheel affordably, both models are available with competitive PCP and leasing deals.

Best Tesla PCP Offers

If you would like the option to own your Tesla long term, there’s PCP available from the manufacturer ranging from 24-60 months that requires a deposit, monthly payments and a final balloon payment if you wish to buy the car outright. There is also a Hire Purchase option over 36, 48 or 60 months if you want to pay in instalments. No need to own the car? Tesla has you covered there too with its Personal Contract Hire option.

How much does a PCP agreement cost on a Tesla Model Y?

PCP is a great option to get you behind the wheel of your preferred Tesla model without quite so much outlay. Right now, Tesla is offering 0% APR on the Model Y range, which means you won't pay any extra for using finance.

There are four Model Y models to choose from - Standard Rear Wheel Drive, Premium Long Range Rear-Wheel Drive, Premium Long Range All-Wheel Drive and Performance All-Wheel Drive. Opt for the cheapest of these and a four-year PCP will cost you around £325 a month plus a downpayment of around £7750.

Can you pay monthly for a Tesla?

If a straight cash purchase isn't an option for you to get behind the wheel of a Model Y or Model 3, Tesla offers Personal Contract Purchase (PCP), Personal Contract Hire (PCH) and Hire Purchase (HP) options for private buyers, and the same for businesses, too.

All of these products require you to pass a credit check and make an upfront deposit or initial payment.

Can you lease a Tesla in the UK?

Yes, you can lease a Tesla in the UK, and you can pick from any car from the Model 3 and Model Y ranges.

Right now, if you place and order for the Model 3 Rear-Wheel Drive model, you'll pay £5993 initially, then £499 per month with a 8000 mile per year limit on a three-year lease. A Model 3 Long Range Rear-Wheel Drive with the same leasing terms is £375 per month, the Long Range All-Wheel Drive is £425, while the Model 3 Performance costs £525 monthly.

A Model Y lease starts at around £400 per month over three years with a downpayment of around £5000, rising to around £700 per month for the Model Y Performance All-Wheel Drive on a three-year deal. The latter requires around £8500 downpayment. These deals are limited to 8000 miles per year.