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Tesla Car Finance Made Simple with carloans 365
Tesla car finance is one of the easiest ways to drive one of the UK's most recognisable electric vehicles without paying the full purchase price upfront. At carloans 365, we help drivers compare Tesla car finance UK options from a panel of trusted lenders, whether you're searching for Tesla Model 3 finance, Tesla Model Y finance, or used Tesla finance.
Tesla has become one of the UK's leading electric vehicle manufacturers, offering innovative technology, impressive driving range and low running costs. Whether you're making the switch to electric for the first time or upgrading your current vehicle, Tesla finance UK options can help spread the cost into manageable monthly repayments rather than paying the full amount upfront.
As an independent credit broker, we're not tied to Tesla Financial Services. Instead, we work with a panel of UK lenders, giving you the flexibility to choose your Tesla from any reputable dealership across the UK while we help you compare suitable Tesla finance options.
Applying is quick, secure and straightforward. Where possible, we carry out a soft credit search first, allowing us to assess your eligibility without affecting your credit score. All finance is subject to status and affordability.
How much can you afford to
spend on a car?
How much can you afford to
spend on a car?
Our rep APR is 20.9% We act as a broker, not a lender.
Representative Example:
Borrowing £7,500 over 60 months at a Representative APR of 20.9%, 60 monthly repayments of £202.21, total amount repayable: £12,132.60, total interest payable: £4,632.60.
carloans 365 is a trading name of HT Finance Ltd. Company Number 11481948 registered address: carloans 365, Floor 2, Jackson House, Sibson Street, Sale, M33 7RR. HT Finance Ltd is authorised and regulated by the Financial Conduct Authority, under reference No. 821383 All finance is subject to status, terms and conditions apply. We work with a specific panel of lenders to try to obtain you an approval. We receive a commission for introducing you to parties with whom we work with. This commission is a fixed payment or percentage but can vary by partner. This does not impact the rate you are provided, full information on request. We do not charge a fee for our services.
Why Finance a Tesla?
Choosing Tesla car finance allows you to spread the cost of your vehicle into affordable monthly repayments rather than paying the full purchase price upfront. Whether you're comparing Tesla finance deals on a brand-new model or exploring used Tesla car finance, financing can make owning an electric vehicle more accessible.
Depending on the agreement and lender, you could benefit from:
- Fixed monthly repayments
- Flexible agreement terms
- New and used Tesla finance options
- No deposit Tesla finance with selected lenders, subject to eligibility
- The freedom to buy from reputable UK dealerships
- The opportunity to budget more effectively with predictable monthly costs
Whether you're interested in a practical saloon like the Model 3 or a spacious SUV like the Model Y, Tesla electric car finance can help make the move to electric driving more affordable.
How Tesla Car Finance Works
When arranging Tesla car finance, most drivers choose between two popular finance products: Personal Contract Purchase (PCP) and Hire Purchase (HP). Both allow you to spread the cost of your Tesla through fixed monthly payments, but they work in slightly different ways.
The right option depends on factors such as your budget, annual mileage and whether you'd like to own the vehicle outright at the end of your agreement.
Personal Contract Purchase (PCP)
Tesla PCP finance is one of the most popular Tesla finance options because it can offer lower monthly repayments than other finance products. This is because a portion of the vehicle's value is deferred until the end of the agreement as an optional final payment.
When your agreement finishes, you'll usually have three choices:
- Return the vehicle
- Pay the optional final payment to own it
- Part exchange your Tesla for another vehicle
PCP is often chosen by drivers who enjoy upgrading to a newer model every few years or who want lower monthly repayments throughout their agreement.
Read our full PCP Finance Guide
Hire Purchase (HP)
Hire Purchase (HP) spreads the full cost of your Tesla across fixed monthly repayments.
Unlike PCP, there is no large optional final payment, and there are usually no mileage restrictions during the agreement. Once you've made every scheduled repayment and paid any option-to-purchase fee, ownership transfers to you.
HP is often a good choice if you:
- Want to own your Tesla outright
- Drive higher annual mileage
- Prefer straightforward fixed repayments
- Plan to keep your vehicle for several years
Read our full HP Finance Guide
What Could a Tesla Cost Per Month?
The cost of Tesla car finance varies depending on several factors, including:
- The purchase price of the vehicle
- Your deposit
- Finance term
- APR (interest rate)
- Your credit profile
For example, Tesla Model 3 finance may result in lower monthly repayments than Tesla Model Y finance, particularly if you're financing a used vehicle with a lower purchase price. However, every quote is personalised based on your individual circumstances.
Before applying, it's worth considering what monthly payment comfortably fits your budget alongside insurance, charging costs, servicing and other everyday expenses.
Our Tesla finance calculator provides an estimate of your potential monthly repayments, helping you understand what your agreement could cost before submitting an application.
View our Car Finance Calculator
All figures are illustrative only and do not guarantee acceptance or a particular interest rate.
Can I Get Tesla Finance with Bad Credit?
Yes, it's possible. Having a poor credit history doesn't automatically prevent you from getting Tesla finance UK.
At carloans 365, we work with lenders who consider a wide range of financial circumstances, including applicants with:
- CCJs
- Defaults
- Missed payments
- Low credit scores
- Limited credit history
Rather than relying solely on your previous borrowing history, many lenders also consider your current income, employment status and ability to comfortably afford the repayments.
Every application is assessed individually, and all finance remains subject to status and affordability.
View our Bad Credit Car Finance Guide
Can I Finance a Tesla with No Deposit?
Yes, some lenders on our panel offer no deposit Tesla finance, although eligibility will depend on your individual circumstances.
Choosing a £0 deposit agreement means you may not need to pay anything upfront before collecting your vehicle. This can make Tesla car finance more accessible if you haven't yet built up savings for a deposit.
However, borrowing the full purchase price usually means your monthly repayments and the total amount repayable over the agreement will be higher. If you can afford to put down a deposit, it may help reduce both your monthly payments and the amount of interest you pay.
New and Used Tesla Car Finance
We can help arrange finance for both new and used Tesla finance agreements across the Tesla range.
Used Tesla car finance is often a popular option for drivers looking to reduce their monthly repayments while still enjoying the benefits of electric driving. With lower purchase prices than many brand-new vehicles, used Teslas can offer excellent value without compromising on technology or performance.
Whether you're buying from a local dealership or a national retailer, we'll help you compare Tesla finance options that suit both the vehicle you're purchasing and your budget.
Which Tesla Is Right for You?
Tesla offers a range of all-electric vehicles designed to suit different lifestyles, budgets and driving needs. Whether you're looking for an efficient daily commuter or a spacious family SUV, Tesla car finance can help you spread the cost into affordable monthly repayments.
Tesla Model 3 Finance
Tesla Model 3 finance is one of the most popular choices among UK drivers. As Tesla's best-selling model, it combines impressive electric range, advanced technology and low running costs in a practical saloon.
The Model 3 is well suited to:
- Commuters
- First-time electric vehicle buyers
- Company car drivers
- Drivers looking to reduce fuel costs
If you're looking for an affordable route into Tesla ownership, used Tesla finance on a Model 3 may provide even lower monthly repayments.
Tesla Model Y Finance
Tesla Model Y finance is ideal for drivers who need extra practicality without compromising on electric performance.
As Tesla's SUV, the Model Y offers:
- Increased interior space
- A larger boot
- Higher driving position
- Excellent range
- Family-friendly practicality
Whether you're buying new or exploring used Tesla car finance, the Model Y remains one of the UK's most popular electric SUVs.
Tesla Model S Finance
The Tesla Model S is the premium choice within the range, offering exceptional performance, long electric range and luxury features.
Drivers considering the Model S often value:
- Premium interior quality
- Long-distance comfort
- Outstanding acceleration
- Advanced driver technology
Because of its higher purchase price, Tesla finance deals can make the Model S significantly more affordable through fixed monthly repayments.
Tesla Model X Finance
The Tesla Model X is Tesla's largest passenger vehicle, offering seating for larger families alongside its distinctive Falcon Wing rear doors.
The Model X may suit drivers who need:
- Additional passenger space
- Larger luggage capacity
- Premium SUV comfort
- Long-distance capability
Whichever model you choose, comparing Tesla finance options can help you find an agreement that fits both your budget and driving requirements.
Tesla Business Car Finance
Tesla business car finance has become increasingly popular as more businesses transition to electric vehicles.
Whether you're self-employed, a sole trader or operate a limited company, selected lenders may offer finance designed specifically for business use.
Business finance can help spread the cost of purchasing a Tesla while allowing you to benefit from one of the UK's leading electric vehicle brands.
Our team can discuss the finance options available and help you understand which agreement may best suit your circumstances.
Managing Your Tesla Finance Agreement
Once your Tesla car finance agreement begins, your lender will manage the account directly.
Many lenders provide online account management, allowing you to:
- View your outstanding balance
- Request a settlement figure
- Update your personal details
- Make additional payments where permitted
- Manage your finance agreement online
If your financial circumstances change during your agreement, it's important to contact your lender as soon as possible. Missing repayments can affect your credit file and may lead to additional charges or collection activity.
Why Apply Through carloans 365?
Choosing carloans 365 means you're not restricted to a manufacturer's finance provider.
As an independent credit broker, we compare Tesla finance UK options from a panel of trusted lenders to help find an agreement that suits your circumstances.
Benefits of applying through carloans 365 include:
- Access to a panel of trusted UK lenders
- Finance available for new and used Tesla car finance
- Consideration for applicants with bad credit
- No deposit Tesla finance with selected lenders
- Buy your Tesla from any reputable UK dealership
- Fast online decisions
- No broker fees
- Friendly support throughout your application
Our aim is to help match you with suitable Tesla finance options, giving you more flexibility than applying through a single finance provider.
Ready to Apply for Tesla Car Finance?
Whether you're looking for Tesla electric car finance, Tesla Model 3 finance, Tesla Model Y finance, or used Tesla finance, carloans 365 can help you compare finance options from a panel of trusted UK lenders.
Complete our secure online application today to discover what Tesla car finance options may be available to you.
carloans 365 is a credit broker, not a lender. All finance is subject to status and affordability.
Quick Links
- Car Finance Calculator
- Apply Now
- What is PCP Car Finance and Is It Right for You?
- PCP vs HP: Which Car Finance Option Is Right for You?
- Car Finance Explained: A Beginner's Guide for First-Time Buyers
- Can You Get Car Finance for a Used Car?
- Can I Get Car Finance with Bad Credit?
- Can I Get Car Finance Without a Deposit?
- Why Zero Deposit Car Finance Could Be the Perfect Choice for You
- How to Use a Car Finance Calculator to Budget for Your Next Vehicle
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Frequently Asked
Questions
All of the lenders we work with offer finance options that require no deposit. Deposits may sometimes be requested. If they are, your account manager will let you and explain the reasons why. Should a deposit not be an option we can always look at other car options.
Making an initial enquiry will not leave a hard check on you credit profile. The lender(s) we submit your application to will conduct a ‘soft search’ in order to pre-approve your application. These searches will show on your credit profile but are only visible to you. A ‘hard search’ will only be carried out should you wish to proceed with any quotation provided to show the live credit agreement you have taken out.
Our open and honest approach means that your account manager will offer you the best pre-approval rate we manage to obtain for you from the outset. We will not offer your application to the highest bidder and always have your best interests at heart throughout our process.
You can purchase a car from any dealer we class as ‘reputable’. We will conduct any necessary checks on the dealer to make sure they are up to our standards giving you confidence in the vehicle you’re purchasing.
We are currently able to offer Hire Purchase agreements, most known as HP. Hire Purchase is a loan attached to the vehicle, designed so that you own 100% of your vehicle at the end of your contracted payments (usually subject to a small option to purchase fee). The balance of the loan is paid over the pre-agreed contract length, the most common term for such loans is between 48 & 60 months. We also have other products available such as conditional sale, lease purchase and personal contract purchase. Your dedicated Account Manager will go through all options available to you. (Subject to status)
We work with a panel of lenders who could offer finance for all credit ratings no matter if your credit is bad! Some of which specialise in securing finance for bad credit. These loans can also work as a great way to boost your credit worthiness for when you next apply for finance. Click ‘Get a quote’ and let us work to secure the best finance offer for you.
Of course, once we have found the vehicle you wish to proceed with, we will negotiate a figure for you part-exchange with the dealer you are purchasing your new car from. You can then simply drop your old car off and drive away in your new one.
If your application is straight forward and you have already seen a car you wish to purchase, then you could collect your vehicle the same day (depending on the lender). If you are in a hurry to get in your new car, please let your account manager know and we will do our best to ‘FastTrack’ your application.
Not answered your question? Get in touch on 0161 410 3365!
