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HP and PCP available, subject to status
Finance for used Teslas from verified UK dealers
Representative 19.8% APR. No impact on your credit score. Our partner uses a soft search to give you a quote. If you proceed, a hard search will be conducted which may impact your credit score. ?We're partnered with Car Finance 24/7. As an Introducer Appointed Representative of Carfinance247 Limited (FCA FRN: 653019), we receive a commission if you purchase finance products through the link above. We do not provide advice or make recommendations.
*A soft search has no impact on your credit score. If you choose to proceed with a full application, a hard search will be carried out which may impact your credit score.
Tesla sits in the premium EV segment. A used Model 3 is the most accessible entry point, while a used Model S or Model X is a larger commitment. Tesla has adjusted its new car pricing several times in recent years, which has affected used values. This volatility means used Tesla prices can shift, so checking current market pricing before committing to finance is important.
The monthly cost depends on the model, the amount you borrow, the term length, and the APR you are offered. Rates start from 9.9% APR. Representative 19.8% APR.
One of the advantages of financing a used Tesla is that running costs tend to be lower than petrol or diesel cars. There is no road tax on zero-emission vehicles registered before April 2025, charging is generally cheaper than fuelling, and there are fewer moving parts to maintain.
Use the calculator further down this page to estimate monthly payments.
Wondering how much car finance you can get on your salary? Use our calculator to estimate monthly payments based on the car price, your credit grade and preferred term length.
Tesla is one of the most popular brands to finance in the UK. Whether you are looking at a used Model 3 or a used Model X, HP and PCP are both available via Brumble. Once approved, you can get your car from any verified UK dealer. Here are some of the most commonly financed Tesla models.
Tesla Model 3
The most popular Tesla in the UK. Used Model 3s are widely available and could offer an affordable entry into Tesla ownership.
Tesla Model Y
A practical electric SUV. Used Model Ys are becoming more available as early agreements end.
Tesla Model S
Tesla's luxury saloon with long range. Depreciation from new could mean used Model S examples are more accessible on finance.
Tesla Model X
A large electric SUV with distinctive falcon-wing doors. Used Model Xs have depreciated significantly, which could work in the buyer's favour.
The amount you can finance depends on your individual circumstances. Subject to status and affordability.
With HP (Hire Purchase), you make fixed monthly payments and own the Tesla at the end of the agreement. No mileage limits apply. Given Tesla's over-the-air software updates and long battery lifespan, many owners plan to keep their Teslas for years, which could make HP a practical fit.
Find out more about HP car finance →
Tesla PCP gives you lower monthly payments than HP. At the end, you can hand the car back, pay the balloon to keep it, or use any equity towards your next car.
Tesla used values have been subject to more volatility than some other brands, partly due to Tesla's own pricing adjustments on new cars. If your Tesla holds its value on the used market, there is potential to build equity, but this is particularly uncertain with Tesla compared to some other brands. Used car values are never guaranteed.
Tesla PCP is often available on the Model 3, Model Y, Model S, and Model X, subject to status.
Find out more about PCP car finance →
With both HP and PCP, you have the right to end the agreement early through voluntary termination or early settlement.
Both HP and PCP may be available with no deposit on some Tesla models, subject to status and affordability. Given Tesla's higher values, a deposit could significantly reduce your monthly payments.
Via Brumble, you can check what options you could be eligible for with a soft search. There is no impact on your credit score. If you then choose to proceed, a hard credit search will be carried out which may impact your credit score.
Leasing and finance are different. With a lease, you never own the car. With finance, you have the option to own it.
Tesla ownership has some unique benefits. Over-the-air software updates mean the car can improve over time, adding features and performance. HP lets you own the car outright and benefit from those updates indefinitely. With a lease, you hand it back.
Tesla's Supercharger network is available to all Tesla owners, regardless of whether the car is financed, leased, or bought outright. However, owning the car through finance means you benefit from any improvements to the charging network and software ecosystem long-term.
Finance gives you the right to voluntary termination and early settlement. Leasing typically penalises early exit. Finance also lets you modify or accessorise your Tesla without restrictions.
Yes. Both HP and PCP may be available on used and second hand Teslas from verified UK dealers. Via Brumble, you can finance a used Tesla from any verified dealer.
It is worth noting that Tesla sells its cars directly, not through traditional dealerships. However, used Teslas are widely available from independent dealers and approved used car outlets. Finance via Brumble works with any verified dealer, whether or not they are affiliated with Tesla.
Most lenders allow the car to be up to around 14 to 16 years old at the end of the agreement, though this varies. Given that Teslas are relatively new to the UK market, most used examples are well within these limits.
Before financing any used Tesla, check the battery health and range. Battery degradation varies and could affect the car's range and value. Our MOT checker and tax checker are free to use. Our Tesla reliability report covers common issues.
Tesla models are premium-priced, so borrowing amounts tend to be larger. The Model 3 is the most accessible on finance, while the Model S and Model X are higher commitments.
Lenders assess whether the repayments are affordable based on your income and outgoings. Choosing a used Model 3 rather than a Model S could make the affordability assessment more straightforward.
A guarantor could help strengthen your application for a higher-value vehicle. If you have bad credit, our dedicated page has tips.
According to DVSA MOT data analysed by Brumble, Tesla has a national MOT pass rate of 83.8%, based on 0.12 million tests in the 2025 test year. The national average across all brands is 72.4%.
This places Tesla above the national average, which could indicate that used Teslas may be less likely to have issues at MOT time compared to some other brands. However, individual results depend on the car's age, mileage, and maintenance history.
The most common MOT advisory and failure items on Tesla vehicles include suspension components, tyre wear, and bodywork issues. Checking these areas before purchasing could help you avoid unexpected costs during your finance agreement.
Our free MOT checker lets you look up any vehicle's full MOT history by registration number. For a more detailed assessment, our Tesla reliability report breaks down pass rates by model, age, and mileage.
Source: Brumble analysis of DVSA anonymised MOT test results, 2025 test year. Published under Open Government Licence v3.0.
Tesla has occasionally offered promotional finance rates, though 0% APR has been rare. Tesla arranges its own finance directly through its website, not through dealerships. These promotions, when available, are only on new cars and are not available on used vehicles.
Brumble's partner offers used car finance as an alternative. Rates start from 9.9% APR, subject to status.
Check your eligibility for both HP and PCP deals in minutes (Representative 19.8% APR) - with no impact on your credit score. Our partner uses a soft search to give you a quote. If you proceed, a hard search will be conducted which may impact your credit score.
Check Your EligibilityThere are lots of ways to approach car finance, and the right option depends on your circumstances. Whether you have bad credit, need a no deposit option, or just want to understand PCP vs HP, we have a guide for you.
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Guide
Understand the key differences between PCP and HP finance, so you can pick the option that suits how you plan to use the car.
Guide
A plain-English overview of how car finance works in the UK, including deposit, APR, terms, and what happens at the end of the agreement.
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Thinking of selling your car? Get a free valuation via our partnership with Motorway.
Common questions about Tesla car finance.
Yes. Via Brumble, you can finance a used Tesla from any verified UK dealer. Tesla sells new cars directly, but used Teslas are widely available from independent dealers and approved used car outlets. The finance is arranged separately from where you buy the car.
It depends on the age, mileage, battery variant, and specification, plus the term and APR. Used Model 3 prices have fluctuated, so check current market pricing. Use the calculator to estimate. Representative 19.8% APR.
Tesla used values have been subject to more volatility than some other brands, partly due to Tesla's own new car pricing adjustments. Whether you build equity on PCP depends on how the used market moves during your agreement. Used car values are never guaranteed.
Running costs tend to be lower than petrol or diesel cars. Charging is generally cheaper than fuelling, there is no road tax on zero-emission vehicles registered before April 2025, and maintenance requirements are typically fewer. Factor these savings into your overall budget alongside the finance payments.
Yes. Battery degradation varies between individual cars depending on charging habits, mileage, and age. Reduced battery health means reduced range. It is worth checking the estimated range at the time of purchase and comparing it to the original specification.
Some finance options may be available with no deposit, subject to status. Given Tesla's higher values, a deposit could significantly reduce your monthly payments and the total cost of credit.
Yes. Request a settlement figure from your lender at any time. With HP, you also have the right to voluntary termination once you have paid at least half of the total amount payable.
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