Brand Finance

Tesla Finance

Electric-only, over-the-air

8.9%
Typical APR
24–60
Months
4
Finance products

About Tesla Finance

Tesla does not operate a traditional captive finance arm in the UK. Instead, Tesla Financial Services acts as an intermediary, white-labelling products through third-party partners including CA Auto Finance UK Ltd (Crédit Agricole group) and Black Horse. Buyers financing a Model 3 or Model Y typically opt for PCP or HP, integrated into Tesla's digital checkout process without visiting a dealership. Tesla's buyer profile skews towards tech-forward professionals, higher-income early adopters, and company car drivers leveraging EV salary sacrifice schemes. Standard PCP rates hover around 8.9% APR, but Tesla frequently runs 0% to 1.99% promotional campaigns on inventory cars.

Finance Facts

Finance provider CA Auto Finance UK Ltd (Crédit Agricole Consumer Finance Group)
Products
  • Contract Purchase (PCP) (PCP) — Lowers monthly payments by deferring a proportion of the cost to an optional final balloon payment.
  • Hire Purchase (HP) — Traditional financing providing ownership and unlimited mileage without a deferred balloon payment.
  • Contract Hire (Lease) — Long-term rental; return the car at end of agreement with no option to own.
  • Tesla Loan (Personal Loan) — Conditional sale agreement providing ownership from day one with unlimited mileage.
Representative APR 0% – 11.9% (typical 8.9%, as of 2026-02)
8.9% typical standard APR for Model 3/Y PCP without promotions. Tesla frequently offers subvented 0% or 1.99% promotional rates.
Term range 24 – 60 months

APR Comparison

How Tesla’s representative APR compares to UK personal loans (BoE) and the broker market average.

Tesla's standard 8.9% APR (via CA Auto Finance and Black Horse) is significantly higher than UK personal loans (~4.1%) and the broker average (~3.95%). However, Tesla frequently introduces subvented 0% or 1.99% promotions. When active, financing directly through Tesla becomes significantly cheaper than both bank loans and third-party brokers.

Customer Sentiment

1.9/ 5 from 1,900 Trustpilot reviews
5
15%
4
5%
3
5%
2
5%
1
70%

Common positives

  • + Excellent driving experience and technology
  • + Reliability of home battery and energy products

Common complaints

  • − Poor and unresponsive customer service
  • − Inconsistent delivery dates and communication

Data as of 2026-04-11

Regulatory Notes

  • 2024: The FCA's major review into discretionary commission arrangements includes third-party lenders utilised by Tesla such as Black Horse. [source]

Calculate Your Tesla Finance

Run any Tesla price through all three finance modes. See monthly payment, total payable, and total cost of credit side by side.

Your details

£
£
months
%
%

PCP result

Total Amount Payable

£29,386.98

This is the total that leaves your account — deposit + all payments + balloon

Representative Example

On-the-road price£25,000.00
Customer deposit£3,000.00
Amount of credit£22,000.00
Number of monthly payments48
Monthly payment£341.40
Optional final payment£10,000.00
Total amount payable£29,386.98
Total cost of credit£4,386.98
Representative APR6.9%
Annual mileage10,000
Compare all three finance types for this car