Tesla Model 3 Finance Calculator and Monthly Payments
Found a Model 3 and need finance? The dealer's finance quote only means something once you've compared it against an alternative quote.
Prefinance runs that comparison for you: we take the dealer's own finance example for the exact Model 3 you're looking at and compare it against the best available rate from our panel of finance brokers for that type of vehicle. On average, that turns up savings of up to 30% against dealer finance, though that's an average across many deals, not a promise for yours, and some dealer Model 3 finance could be competitively priced.
Tesla Model 3 finance examples
These are actual examples for the Standard Range, Dual Motor Performance, RWD and Long Range variants. Rates and calculations are correct at the time of posting but are subject to change.
Vehicle | Cash price | Deposit | Amount of credit | Term | Rep. APR | Monthly payment | GFV / Final payment | Monthly saving vs dealer | Finance type* |
|---|---|---|---|---|---|---|---|---|---|
2020 Model 3 Standard Plus (quoted 19 Feb 2026) | £12,200 | £0 | £12,200 | 48 months | 8.9% | £187.51 | GFV £6,658.63 | £30.15 | PCP |
2020 Model 3 Dual Motor Performance, 48,522 miles (quoted 5 Sep 2026) | £18,495 | £1,859 | £16,636 | 48 months | 8.9% | £331.84 | GFV £4,815 | £53.09 | PCP |
2022 Model 3 Dual Motor Performance, 96,974 miles (quoted 5 Sep 2026) | £17,490 | £1,749 | £15,741 | 48 months | 8.9% | £388.40 | N/A | £49.85 | HP |
2024 Model 3 RWD, 12,099 miles (quoted 19 Jul 2026) | £29,985 | £9,000 | £20,985 | 48 months | 8.9% | £343.11 | GFV £10,300 | £34.09 | PCP |
2024 Model 3 RWD, 12,099 miles (quoted 19 Jul 2026) | £29,985 | £2,999 | £26,986 | 48 months | 8.9% | £444.69 | GFV £13,053.12 | £43.67 | PCP |
2022 Model 3 Long Range, 49,687 miles (quoted 14 Jun 2026) | £20,100 | £2,040 | £18,060 | 60 months | 8.9% | £371.01 | N/A | £32.50 | HP |
2024 Model 3, 21,871 miles (quoted 14 May 2026) | £26,950 | £500 | £26,450 | 60 months | 8.9% | £543.37 | N/A | £39.22 | HP |
2025 Model 3 Performance, 6,000 miles (quoted 19 Jun 2026) | £46,950 | £4,695 | £42,255 | 48 months | 7.9% | £1,024.20 | N/A | £111.20 | HP |
What's the difference between PCP and HP on a Model 3?
Both are hire purchase agreements in the legal sense; the car isn't yours until the final payment is paid, but they split the cost differently. HP spreads the full price, minus your deposit, evenly across the term, so every payment builds toward ownership; several of the HP rows above show a noticeably higher monthly figure than a PCP quote on a similarly priced car as a result. PCP defers a chunk of the price to a Guaranteed (Minimum) Future Value at the end, keeping the monthly payment down — you can then pay it to keep the car, hand it back, or roll it into your next one.
One assumption underpins the instant comparison either way: Prefinance assumes the new lender's GFV matches the dealer's own. If your matched broker structures it differently, your real monthly payment could come out higher or lower than the illustrative figure.
How does Prefinance work out the saving?
You give us the vehicle details — by registration, by make and model, or by pasting in a link from a dealer site or a listings site like AutoTrader, provided that page shows a finance example. We read the dealer's own quote and compare it against the best available rate from our broker panel for that type of vehicle. The comparison assumes you'd qualify for the panel's best rate, which depends on your credit profile, and that the dealer you're buying from is FCA authorised. Every comparison you run is saved, so you can come back and check previous ones too.
Representative APR means at least 51% of customers offered finance by that provider get that rate or better, a genuine benchmark, not a guarantee of your own rate. As the real examples above show, how much you'd actually save depends on the specific car and your own circumstances.
What affects the rate you're offered?
Credit score does most of the work, but deposit size, term length, variant and the car's age and mileage all move the number too, as the table above shows — compare the two RWD rows, and you'll see how much a bigger deposit alone brings the monthly payment down on an identical car. A longer term usually lowers the monthly payment but adds to the total interest paid. And a factor most buyers never think about: dealers and brokers earn commission for arranging finance, which is a genuine reason two near-identical Model 3s can be offered at different rates by different dealers; exposing that gap is a large part of what our comparison actually does.
What to check before you apply
Confirm the deposit and mileage in your comparison match the dealer's actual quote — the deposit is editable, but a mismatch elsewhere skews the result.
Ask what happens to your monthly payment if the matched lender's GFV differs from the dealer's — this is worth extra attention on an EV, where GFVs can vary more between lenders.
If you're weighing a bigger deposit against a smaller one on the same car, look at how much it actually moves the monthly payment, not just whether you can afford to put more down.
Read the broker's full representative example before signing anything — it carries the exact figures for your deal, not the illustrative ones above.
The only way to know for sure if the dealer's Model 3 quote in front of you is competitive is to run the comparison on your specific car and see what the panel of brokers comes back with.
