Tesla finance
in the UK
Independent hire purchase and balloon HP for new and used Model 3 and Model Y, compared side by side with Tesla partner finance
Buying a new or used Tesla? Sorbus gives you an independent route alongside Tesla’s partner finance. A broker can present your exact Model 3 or Model Y, purchase and ownership plans to suitable lenders from our selected panel, then explain written hire purchase and balloon HP proposals alongside an existing quote. Tesla confirms self-arranged finance is possible. Availability depends on lender assessment; Sorbus is a broker, not a lender or a Tesla partner.
What we do with your enquiry
Shape the proposal
We describe the asset, seller and ownership goal so a lender sees a clear, well-evidenced case.
Compare from our panel
Selected lenders from an extensive panel of 150+, set side by side on deposit, term, any balloon and total cost.
Stay with you to completion
Your broker relays lender questions and our documentation team helps coordinate paperwork if you proceed.
Sorbus is a credit broker, not a lender. Approval, rates and savings are not guaranteed, and a manufacturer or retailer proposal may still suit you best.
Specialist access,
explained by a person
The exact Tesla, not just the badge
Model 3 and Model Y configurations change over time. We record the version, year, first registration, mileage and seller so a lender assesses the actual car, and ask about charging and intended use.
Compare beyond dealer finance
Bring your Tesla partner quote for a like-for-like review. Compare the actual cash price, any contribution conditions, deposit, payment schedule, fees, final balance, total payable and ownership or return rights. Our role is to explain the differences, not assume independent finance is cheaper.
Dealer, specialist, or private purchase
We can explore a new Tesla ordered directly, a used car from Tesla, an independent dealer, or an eligible private seller. Warranty terms can differ by seller, so check them for the exact car.
Tesla hire purchase and balloon finance
Hire purchase leads to ownership once all payments, fees and purchase requirements are met. Balloon HP defers part of the balance to reduce regular payments, but it is a debt you owe, not a PCP-style guaranteed future value or handback right. Business structures depend on lender approval and your accountant’s view of tax treatment.
View our full prestigious finance rangeTerms and pricing depend on the vehicle, applicant, lender and agreement. Ask for a written quote showing the full amount payable before deciding.
Finance starts with the exact car
Tesla confirms you can arrange your own finance rather than use its partner products. Start with the exact car and decide whether you want eventual ownership or use followed by return. Model 3 is an electric saloon and Model Y an electric SUV; configurations change over time. For either, Sorbus can discuss the vehicle, seller and funding objective before approaching suitable panel lenders with your agreement.
Model 3
Electric saloon. Configurations vary by year and version, and WLTP range figures are test results, not a real-world guarantee.
Commute, annual mileage, home charging and battery evidence shape the proposal.
Read the Model 3 guideModel Y
Electric SUV. Seating, load space and equipment vary by version, so confirm them for the exact car.
Family or business use, and used-generation differences, need stating clearly.
Read the Model Y guideCheck Tesla's official model information for the current range. Confirm the particular vehicle's availability with its seller; a model listing does not establish finance eligibility.
New order or pre-owned: what changes in the file
Buying a new Tesla
- Tesla offers finance through its own partners, and its support pages confirm you can arrange your own finance instead. Decide which route you are using before the order reaches the payment stage.
- Confirm with Tesla what evidence an independent lender must supply, how funds are paid and when, and what happens to any order payment if the finance is not approved in time.
- Ask the lender how long an approval remains valid and whether a change of configuration or price needs the proposal re-approved.
- Availability, delivery timing and current configurations are confirmed only by Tesla, not by a finance broker.
Buying a used Tesla
- Confirm the exact model, version, year and first-registration date, and match the VIN across logbook, invoice and car.
- Tesla’s additional used-vehicle warranty applies only to qualifying cars bought directly from Tesla. Do not assume the same cover on a car from an independent dealer or private seller; check the vehicle-specific warranty terms in writing.
- Battery and drive unit cover differs by version, first-registration date and mileage. Ask for battery health evidence and the remaining warranty terms for that car.
- Check title and outstanding finance, and agree a settlement route if the seller still owes money on the car.
- Software-enabled features can differ between cars; confirm what is included with this vehicle rather than relying on an advert.
Why consider an independent Tesla finance broker?
Working with Sorbus adds a broker-led comparison: we clarify the car, seller and ownership objective, present an eligible proposal to suitable lenders and explain the written terms alongside your Tesla quote. This is useful when buying outside Tesla, exploring a different deposit or term, or understanding a final balance. We are not Tesla Financial Services or a Tesla authorised partner. Not every lender on our selected panel of 150+ will finance every Tesla or transaction; manufacturer promotions may be cheaper and approval is not guaranteed.
- 01Use the actual cash price, quote date and expiry, including any contribution or discount conditions. Compare the complete payment schedule, fees and total payable, not a headline monthly figure.
- 02For a new direct order, confirm the invoice, payment deadline and lender payment route with Tesla and the lender. Do not assume a finance enquiry secures the car or delivery date.
- 03PCP, offered through Tesla’s partners, has an optional final payment and a conditional right to return the car, subject to mileage and condition. Independent balloon HP does not automatically include a guaranteed future value or a contractual handback.
- 04Contract hire does not lead to ownership. Hire purchase and conditional sale do, once every payment and any fee are made.
- 05Refinancing a final balance later is a new application and is not guaranteed.
- 06Any Sorbus fee and any lender commission are disclosed before you proceed.
A manufacturer or retailer proposal may suit you, particularly where it carries a stated contribution or condition. Compare the same car, price, deposit and term: APR where applicable (and how it differs from a nominal rate), total payable, fees, any commission disclosure, optional or final balance, ownership, settlement and any return rights. Sorbus Finance acts as a credit broker, not as the manufacturer or the lender.
Balanced considerations
- Hire purchase: title passes only once every payment, fee and any option-to-purchase requirement has been met.
- Balloon HP or lease purchase: the final balance is a debt you owe, not a guaranteed future value, and not a PCP-style return option.
- Future refinance of a balloon is a new application and is not guaranteed. Plan for a shortfall if the car is worth less than the balance.
- The car can be repossessed if payments are missed. Weigh affordability and the opportunity cost of finance against a cash purchase.
- Business use: tax and accounting treatment of an electric car depends on your circumstances and the rules in force. Ask your accountant; we do not quote tax savings.
- Budget for insurance, tyres, home or public charging and servicing as well as the finance payments. Get an insurance quote for the exact car first.
How it works
Tell us about the car
Share the exact model, variant, specification, new or used status, seller type, price and the ownership outcome you want. We will explain what information lenders are likely to ask for.
Compare written proposals
We approach suitable lenders from our selected panel and set out written proposals side by side: deposit, term, APR where applicable, fees, any final balance, total payable and ownership.
Lender checks and completion
If you proceed, the lender completes its own vehicle, seller and applicant checks. Funds are released to the seller only once the lender’s conditions are met.
Start the conversation about your purchase
Tell us what you're looking to finance and we aim to respond within one business day, Monday to Friday, 9am to 5:30pm. Sending this starts a conversation, not an application, and commits you to nothing.
Start with a conversation
Tell us a little about what you need and who you would like to speak to. No obligation, no credit check at this stage. We aim to respond within one business day, Monday to Friday, 9am to 5:30pm.
Prefer to call?
Speak directly to an adviser Monday–Friday, 9am–5:30pm.
01246 383500Free call. No obligation.
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Explore the decision in detail
Practical guides and relevant examples to help compare the full transaction, not just the monthly payment.
Start your Tesla finance enquiry
Tell us about the Tesla and seller, or add the key terms of an existing quote to your enquiry. We will clarify the requirements and explain available panel proposals. Sorbus is a credit broker, not a lender, and is not affiliated with Tesla.