Tesla finance - Find out what’s watt. Tesla finance selected by Tesla owners.

Tesla finance

TESLA FINANCE

Tesla likes to do things differently from other car manufacturers and this can clearly be seen in their technology, production, marketing and sales strategies.

The first Model S was delivered in 2012, and by the end of 2018 they had sold over 500,000 vehicles worldwide making Tesla the world’s best-selling plugin car manufacturer.

Magnitude has financed many Teslas for clients and we are proud to say that we also run a fleet of Model X with more Model 3s awaiting delivery – so we know Tesla pretty well! We have access to the most competitive rates from a panel of over 20 specialist prestige and performance car finance lenders so we can quickly search for the best rates and offers for you.

Our unique online finance calculator provides instant, accurate PCP, hire purchase and balanced payments estimates.

If you would like to vary the terms, reduce your monthly payments or find out more about the options available to you, please send us a message or call our team.

 

You’ll speak directly to someone who has arranged finance for many Teslas – not a call centre.

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Finance Types

Hire Purchase

Under a Hire Purchase agreement, you usually pay a deposit at the start of the agreement. You then pay the rest of the value of the car in instalments, over a period of between 3 and 5 years.

Balanced Payment Plan

A Balanced Payment Plan offers the benefits of a fixed monthly payment, however tracks the changes in the finance house base rate, LIBOR or bank base, depending on the agreement.

Personal Contract Purchase

PCP is a popular way of financing a vehicle and is usually based upon a Hire Purchase agreement. The main difference is that the vehicle’s value at the end of the agreement is calculated at the start.

Specialist Facilities

We have access to a number of specialist lenders that will look at high value vehicles over £1 million, classic and exotic cars, refinancing existing deals, equity release or even assets other than vehicles.

Representative example Tesla Model 3 LR
TESLA FINANCE EXAMPLE

Representative example Tesla Model 3 LR

£45,490

Deposit £5,000
Amount of credit £40,490
Total amount payable £53,125.88
Final instalment/ balloon £33,575
Duration of agreement 37 months
Regular monthly instalment £401.08
Representative APR 6.9%
Rate of interest 6.58%
Type of interest Fixed

*This Tesla hire purchase with balloon finance example is for illustration purposes only. Please contact our finance team for a tailored quotation.

How it works

Our finance calculator and concierge
service makes financing your car simple.

How it works
1

Call us and get a tailored quote on your chosen car (or apply online).

2

When you are happy, we’ll create and submit your application to your chosen lender.

3

Once approved, pay a deposit to the dealer and sign & return the finance documents to us.

4

We pay the dealer - you pick up your new car!

Already found your dream car?
Use our calculator to get an estimate for your finance

Use the calculator

Magnitude offer finance for all Tesla models including the Model S, Model X and Model 3, and we have our own business fleet of Teslas helping to reduce emissions.

Why choose Magnitude?

  • Competitive rates
  • Wide choice of agreements and lenders
  • Expert advice
  • Fast response times
  • Ethical lenders
  • Part of DSG Financial Services – 30 years of experience

Our experience is unrivalled

With over 30 years in business building strong relationships with consumers, dealers and manufacturers, no other prestige car finance specialist can match our experience.

As part of DSG Financial Services we have been able to negotiate the very best terms from our lenders on behalf of our customers, so you can expect lower rates than most of our competitors are able to offer – just try us and see.

Our commitment

Magnitude work in your best interests – not those of manufacturers or dealers – to always offer the best overall package for you.

Testimonials

Our concierge team love helping our customers finance their dream car. Get in touch with them to see how we can do the same for you.