Best Tesla Finance Deals

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 - the UK's best-selling electric car in 2024 by a large margin - and there are deals to be had while stocks of the outgoing model are reduced to make way for the facelifted model. Pre-registered versions of the outgoing Model Y are available from Tesla, although these are only available to buy with cash or hire purchase.

The revised New Model Y features an updated design, interior improvements and a suspension update aimed at improving comfort, and this available with the full range of Tesla finance products.

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 24-48 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 offered 0% APR on the Model Y range, which means you won't pay any extra for using finance.

There are three Model Y models to choose from - Rear Wheel Drive, Long Range Rear-Wheel Drive and Long Range All-Wheel Drive. Opt for the cheapest of these and a three-year PCP will cost you £349 a month plus a £9210 downpayment.

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, but choices are limited to the Model 3 and Model Y.

Right now, if you place and order for the Model 3 Rear-Wheel Drive model, you'll pay £3900 initially, then £325 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 £425 per month over three years with a £5300 downpayment, rising to £525 per month for the Model Y Long Range All-Wheel Drive on a four-year deal. The latter requires a £6500 downpayment. All are limited to 8000 miles per year.