
Tesla Model 3
The more affordable Model 3 quickly became one of the world's best-selling electric cars and continues to receive recognition for refinement, comfort and efficiency.
Explore flexible finance options for Tesla electric vehicles, including the Model 3, Model Y and other leading EVs.
Representative Example (Hire Purchase): Borrow £6,000 with £0 deposit over 60 months with a representative 21.6% APR (fixed). 60 monthly payments of £157.92. Final Option to Purchase Fee: £10. Total cost of credit: £3,485.20. Total amount payable: £9,485.20. Car Loans UK is a credit broker, not a lender. This is an example only; all finance is subject to status. Lender fees may apply.
Founded in California in 2003 by Martin Eberhard and Marc Tarpenning, before later becoming closely associated with Elon Musk as its major shareholder, Tesla has transformed the global automotive industry and accelerated the shift towards electric vehicles.
Today, Tesla is one of the world's most recognisable EV manufacturers, known for cutting-edge technology, long driving ranges and industry-leading performance.
Tesla has consistently led innovation in battery technology, autonomous driving systems and charging infrastructure. Its Supercharger network revolutionised long-distance EV travel, while over-the-air software updates remain a key differentiator compared with traditional manufacturers.

Tesla's journey began with the launch of the Roadster, the first production electric car capable of travelling more than 200 miles on a single charge. This pioneering vehicle (the first to use lithium-ion battery cells) reached 0-60pmh in a blistering 1.9 secs. The Second Generation is upcoming with production due to start in mid 2027.
The Model S established Tesla as a serious automotive manufacturer. The luxury saloon redefined expectations for electric vehicles and won numerous international awards. Speed wasn't sacrificed! With a top speed of 200mph, its minimalist cabin layout would set the tone for future Tesla's.
The Model X SUV followed in 2015, expanding Tesla's range with a premium electric SUV focused on space, technology and performance. Characterised by its upward opening 'falcon wing' rear doors and its exceptional output capability of 0-60mph in 2.5 seconds. Available in 5,6 or 7 seat layouts.
Competitive pricing positioned the sleek Model 3 perfectly to compete with its rivals - its minimalist design combined with its longer range capabilities proved particularly alluring. Its in-car features controlled by 15 inch touchscreeen and 8 inch rear touchscreen would later be utilised on the Model Y.
Tesla expanded further with the Model Y SUV in 2020, which became one of the UK's most popular EVs. Think keyless entry systems (open the car with your phone), superb acoustics and driver assistance (full self driving available as an add on subscription).
Tesla continues to develop new electric vehicle technology, software features and charging infrastructure as demand for EVs grows. Tesla also launched the Model Y L in 2026, this comprises a six-seater version of the standard SUV. Further innovations are planned - no surprises there!
Tesla's electric range includes some of the world's most recognisable EVs, from the popular Model 3 saloon to the spacious Model Y SUV and premium Model S and Model X.

The more affordable Model 3 quickly became one of the world's best-selling electric cars and continues to receive recognition for refinement, comfort and efficiency.

The Model Y SUV expanded Tesla's range further and became one of the UK's most popular EVs, combining electric performance with everyday practicality.

The Model S helped establish Tesla as a serious automotive manufacturer, while the Model X brought Tesla technology to the premium electric SUV market.
The company continues to receive industry recognition. The refreshed Tesla Model 3 won multiple electric vehicle awards throughout 2024 and was named Edmunds Top Rated Electric Car for 2025. The Model 3 was also recognised as Sweden's Car of the Year and received several accolades from leading automotive publications.
Reviewing the updated Model 3, Car and Driver described it as "a far better car to live with" thanks to improvements in refinement, comfort and efficiency.
Compared with electric rivals from BMW, Mercedes-Benz, Volkswagen and Polestar, Tesla vehicles are often praised for their technology, charging network and strong performance. While some competitors may offer more luxurious interiors, Tesla remains one of the most influential brands driving the future of motoring.
Representative Example (Hire Purchase): Borrow £6,000 with £0 deposit over 60 months with a representative 21.6% APR (fixed). 60 monthly payments of £157.92. Final Option to Purchase Fee: £10. Total cost of credit: £3,485.20. Total amount payable: £9,485.20. Car Loans UK is a credit broker, not a lender. This is an example only; all finance is subject to status. Lender fees may apply.
Whether you're considering a Tesla Model 3, Model Y or another electric vehicle, flexible finance options such as Personal Contract Purchase (PCP) and Hire Purchase (HP) can help spread the cost, making Tesla ownership more accessible for UK drivers.

Hire Purchase is a straightforward way to finance a Tesla if you want to work towards owning the vehicle outright. You pay an initial deposit followed by fixed monthly payments over an agreed term.
Once all payments have been made, including any option-to-purchase fee, the Tesla becomes yours. This can suit drivers who want long-term ownership without the mileage limits usually associated with some other finance agreements.
Monthly payments and interest rates depend on your personal circumstances, credit profile, deposit and chosen vehicle. Missing payments may affect your credit score and could result in the vehicle being repossessed.
At CarLoansUK, we can help find a Tesla finance option that suits your circumstances.
Personal Contract Purchase can be a popular choice for Tesla drivers who want lower monthly payments and more flexibility at the end of the agreement.
With PCP, part of the vehicle cost is deferred into an optional final payment, often called a balloon payment. At the end of the agreement, you can pay this to own the Tesla, return the vehicle, or part exchange it for another car.
PCP agreements usually include mileage limits and vehicle condition requirements, so it is important to choose terms that match how you plan to use the car.
Representative Example (Hire Purchase): Borrow £6,000 with £0 deposit over 60 months with a representative 21.6% APR (fixed). 60 monthly payments of £157.92. Final Option to Purchase Fee: £10. Total cost of credit: £3,485.20. Total amount payable: £9,485.20. Car Loans UK is a credit broker, not a lender. This is an example only; all finance is subject to status. Lender fees may apply.
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