Tesla Finance

Bespoke finance for your Tesla

Turn your dream of owning a Tesla into reality

California-based Tesla has achieved something pretty remarkable in the last 16 years. With no real legacy to build on, Elon Musk’s visionary all-electric outfit has nevertheless become a household name, the brand outreaching every established manufacturer in terms of both product and strategy.

Tesla’s business model eschews the tradition of dealership networks, selling largely online and via a small number of privately-owned showrooms. Cars can be configured remotely, delivered to your door and updated ‘over the air’ when software developments become available.

Tesla’s first car, the Roadster, arrived in 2008. Essentially an electric Elise, its straight-line performance and range were impressive, but the weight inherent in those battery packs denied it the agility of a modern sportscar.

Today there are three products at the core of the company’s range, the flagship Model S saloon, entry level Model 3 and crossover Model X. The Model Y, a new Roadster and the futuristic Cybertruck are all waiting in the wings, however, the company has ambitions to design smaller and more affordable products in the next few years.

Driving a Tesla is an experience almost like no other, with its seamless acceleration, otherworldly absence of combustion noise and immersive onboard interface. Once a fascinating insight into the future of motoring, it’s now the daily reality for a growing number of brand devotees around the world.

If you want know more about Tesla, our forthcoming buyers’ guide is a great place to start.

 

How can JBR Capital help you finance a Tesla

As an independent lender specialising in prestige and performance automotive finance, we are able to tailor a wide variety of bespoke and highly flexible arrangements to help you get behind the wheel of a new or used Tesla. We offer traditional hire purchase and lease purchase agreements alongside more specialised prestige vehicle and equity release packages.

Hire Purchase

JBR offers a traditional hire purchase contract that allows you to pay for your Tesla in monthly instalments with the option to buy outright at the end of a fixed term contract.

Lease Purchase

A lease purchase agreement lets you make regular payments, similar to hire purchase, jsut signifficantly smaller due to the lump sum deferred to the end of your agreemen, also known as final ‘balloon payment’. 

What our clients say

Applying for Tesla Finance

The process of applying for finance for a new or used Tesla couldn’t be simpler.

1. Get In Touch – The first thing you need to do is contact our team. A short discussion about you, the type of finance arrangement that will work best for you and the specific model you’re hoping to buy, will be enough for one of our advisers to generate a quote.

2. Submit Application – If you’re happy to proceed, the next step is to submit the application, which you can do in minutes online. The finalised financial proposal will then be passed on to our underwriters.

3. Pay Deposit – Once this has been approved, a process that normally takes no more than one working day, you simply pay a small deposit and sign the finance agreement.

4. Drive your dream car – And that’s all you need to do. JBR Capital then pays the balance in full and you are free to start your own Tesla adventure.

TESLA FAQs

How much does a Tesla cost?

The Model S retails from £77,700, the Model X crossover from £82,700. The entry-level Model 3, meanwhile, starts at £37,340, and all of these prices are inclusive of a £3500 government grant.

Do you offer leasing plans for Tesla models?

As an independent lender and not a broker, so we don’t offer PCP finance for Tesla models.

What is your APR for Tesla finance?

Ours rates depend on a few things, such as individual customer profiles and the age and value of the car in question. But as Tesla’s official finance partner for the Model X, JBR is able to offer a highly competitive rate.

Which is the cheapest Tesla model?

Currently, and until the arrival of the Model Y, the cheapest Tesla in the range is the Model 3, which retails from £37,340 with the help of a £3500 government grant.

Where can you buy a Tesla from?

Start your Telsa journey by visiting https://www.tesla.com/en_GB. Here you can research all the available models and configure your car. If you already have a used model in mind, JBR Capital is able to finance these independently with a variety of arrangement tailored to you.

How much does a Tesla cost per month?

This depends on a few things, from the purchase price to the type of agreement you arrange and the size of your initial deposit. You can use our finance calculator to give you an idea of your monthly repayments, but for a tailored quote, which may be far more competitive, we recommend you speak to one of our team members.

How do I apply for Tesla finance?

Applying for finance with JBR couldn’t be easier. Get in touch and speak to one of our friendly and experienced team. They will go through the finance options available to you and can generate a quote right away.

Can I finance a used Tesla?

Absolutely. JBR Capital specialises in financing approved used prestige and performance cars of all shapes and sizes, including Tesla models.

How can I apply for financing?

You can apply for finance direct with JBR for any Tesla model by simply giving us a call. One of our team will walk you through the process and generate a quote. If you want to proceed, all you need to do then is fill in a short online application and pay the deposit.

What types of finance are available for Tesla?

We offer a variety of finance packages for any Tesla model, new or used. Alongside hire purchase and lease purchase, we can create specialised prestige vehicle packages tailored to you, and even offer equity release to enable your existing car collection to work that bit harder.

Tesla - Representative Finance Examples:*

*Shown below are hire purchase with balloon finance examples, purely for indicative purposes. Please contact one of the team for a tailored quotation.
Tesla S finance examples

Model S Hatchback

Year2017
Value£100,000
OUR FINANCE EXAMPLE
Deposit£10,000
Total amount of credit£90,000
Total charge for credit£19,323
48 monthly payments£1,223
Final balloon payment£50,000
Total amount payable£119,323
Fixed rate of interest per annum6.49%
Duration of agreement49 months
Representative APR6.9%
Interest TypeFixed
bentley Bentayga finance example

Model X

Year2017
Value£70,000
OUR FINANCE EXAMPLE
Deposit£7,000
Total amount of credit£63,000
Total charge for credit£13,525
48 monthly payments£853
Final balloon payment£35,000
Total amount payable£83,525
Fixed rate of interest per annum6.49%
Duration of agreement49 months
Representative APR6.9%
Interest TypeFixed
bentley Bentayga finance example

Model 3

Year2019
Value£40,500
OUR FINANCE EXAMPLE
Deposit£4,050
Total amount of credit£36,450
Total charge for credit£7,824
48 monthly payments£488
Final balloon payment£20,250
Total amount payable£48,324
Fixed rate of interest per annum6.18%
Duration of agreement49 months
Representative APR6.9%
Interest TypeFixed

WE KNOW THAT EVERY TESLA AND EVERY OWNER IS DIFFERENT

Tesla Models We Finance

Tesla Model S

Finance Your Dream Tesla Model X with JBR Capital

The mainstay of the current Tesla range, the Model S is a mid-sized five-door hatchback saloon that can fairly be credited with opening up e-mobility to the wider world.

Now available in ‘Long Range’ and ‘Performance’ guises, priced from £77,700 and £92,300 respectively, the Model S has been both volume seller and flagship for over seven years now, the car upon which Tesla has built its brand. Performance is otherworldly from its seamless, torque-rich drivetrain, and its range remains class-leading despite the best efforts of rival manufactures.

Production years2012 – present
DrivelineThree phase dual electric motor, all-wheel drive
Battery100kWh lithium-ion
Range (miles)367
 0-60 accel. (sec)2.4
Top speed (mph)155
Time to charge133 miles in 15 minutes
Base Price£77,700

Tesla Model X

Finance Your Dream Tesla Model X with JBR Capital

Tesla’s first foray into the all-important SUV segment, the Model X is a semi-sporting family crossover that combines the drivetrain options of the ‘S’ with increased ride height and sufficient cabin space to incorporate a third row of seats.

Large gullwing rear doors make entry and exit, even from that rear-most row, remarkably easy. The Model X weighs more than 2.5 tonnes, but shifts its not inconsiderable mass with surprising ease, hitting 60mph in 2.7 seconds in range-topping Performance guise.

Production years2015 – present
DrivelineThree phase dual electric motor, all-wheel drive
Battery100kWh lithium-ion
Range (miles)301
 0-60 accel. (sec)2.7
Top speed (mph)155
Time to charge111 miles in 15 minutes
Base Price£82,700

Tesla Model 3

Finance Your Dream Tesla Model 3 with JBR Capital

The Model 3 represents Tesla’s first concerted effort at significantly reducing the price of entry to its all-electric car club. Smaller and simpler than the markedly pricier Model S with which it shares its essential design premise, the Model 3 is more steel heavy than its stablemate and comes as standard with rear-wheel drive, with the option to upgrade to the same dual-motor AWD set-up of the S and X.

With an attractive list price, that creeps below £40,000 in the UK with the assistance of the government grant, the Model 3 promises to be an integral part of Tesla’s rapid ascent into the European mainstream.

Production years2017 – present
DrivelineThree phase single or dual electric motor, rear or all-wheel drive
Battery75kWh lithium-ion
Range (miles)348
 0-60 accel. (sec)3.2
Top speed (mph)162
Time to charge170 miles in 15 minutes
Base Price£38,500

Tesla Model Y

Finance Your Dream Tesla Model Y with JBR Capital

As yet unreleased but expected in the third quarter of 2020, the Model Y is a smaller and more affordable alternative to the X, with rear wheel drive offered alongside permanent all-wheel drive and the option of a third row of seats in its high and spacious cabin.

The Model Y is expected to be Tesla’s most affordable offering to date, with prices tipped to start at just £36,000.

BatteryLong Range
Acceleration3.5s 0-60 mph
Range298 miles (WLTP est.)
DriveDual Motor All-Wheel Drive
SeatingUp to 7 Adults
Wheels20″ Performance Wheels
Max Cargo Volume66 cu ft
Top Speed150 mph
Displays15″ Center Touchscreen
SuperchargingPay Per Use

Tesla Roadster

Finance Your Dream Tesla Roadster with JBR Capital

The newly announced Tesla Roadster lays claim to being the fastest accelerating car in the world, with the potential to hit 60mph in a barely credible 1.9 seconds on its way to a top speed in excess of 250mph.

A Targa-style removeable roof panel will open the Roadster’s ultra-rigid monocoque to the elements for the front seat passengers, behind whom there will be room for two more under a panoramic glass roof.

The 2000kWh Roadster is available to pre-order now, with prices starting from £189,000 for the first 1,0000 ‘Founders Edition’ cars.

Acceleration 0-60 mph1.9 sec
Acceleration 0-100 mph4.2 sec
Acceleration 1/4 mile8.8 sec
Top SpeedOver 250 mph
Wheel Torque10,000 Nm
Mile Range620 miles
Seating4
DriveAll-Wheel Drive
Reservation Price£189,000

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