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 - sometimes known by its development codename 'Highland' - 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 by a large margin - and there are deals to be had while stocks of the outgoing model is reduced to make way for the new facelifted and improved model, codenamed Juniper, which will start hitting UK roads in June this year.

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.

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. Beginning in May, deliveries of the facelifted Tesla Model Y begin. Until then, you can get decent deals on the outgoing model, even if you opt for PCP.

PCP on the outgoing Model Y Long Range RWD starts at £459 a month, the Model Y Long Range AWD starts at £523 and the Model Y Performance AWD from £648 on 48-month deals. All are 0% APR. 

As for the revised car, there is currently just the choice of the Tesla Model Y Launch Edition in Long Range AWD spec, and PCP costs from £884 a month and require a £7500 customer deposit on a 48-month deal.

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 RWD model, you'll pay £4199 initially, then £299 per month with a 10,000 mile per year limit on a three-year lease. A Model 3 Long Range RWD with the same leasing terms is £325 per month, the Long Range AWD is £399, while the Model 3 Performance costs £499 monthly.

A Model Y lease starts at £349 per month, rising to £875 per month for the Model Y Long Range AWD Launch Edition on a four-year deal. The latter requires a £10,706 downpayment