Here to clear the air

Tesla Model 3 Pricing

Ginny Says

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10/10

“The Model 3 is basically what most people wanted: a smaller, comparatively affordable Tesla which opens the brand up to more of us. In the same way that Apple created a mythology around their products, you don't just buy a Tesla, you buy into a whole lifestyle.”

Nicki Says

10/10

LightningLightningLightningLightningLightning

“I love the simple high-tech interior that does away switches and buttons, Tesla lead when it comes to tech. Their excellent supercharging network is a bonus other car makers can’t match and the Model 3 finally feels like a Tesla built to a good standard.”

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The Model 3 might be the most affordable Tesla ever, but it’s not cheap to buy. Take the whole-life costs such as fuel, maintenance and tax savings into account though and it makes more financial sense. 

  • Price:£43,090 to £52,500
  • Full charge cost (approx. – based on home charging):£9.02- £12.30
  • Company car tax:1% (2021 -2022)
  • Insurance group:48 to 50
  • Warranty Vehicle:4 year 50,000 mi
  • Warranty Battery & Drive Unit:8 year 120,000 mi

Pricing

There are three Model 3 variants, starting with the Standard Plus, which costs £43,500 now there is no longer a government grant available. The Long Range model starts at £50,000 and the Performance is £55,500. These prices seem to change every few minutes though, so check on the Tesla site for the latest!
Of course there are a host of interesting options, from special paint to self-driving capability. White is the only ‘free’ colour, all the others cost £800 or a whopping £2,000 for the fantastic multicoat red. The interior in all the versions comes as standard in black; adding the recommended white option (with better seat materials) is also £1,000.

A tow hitch can only be factory fitted and is £1,000 extra, but the most expensive option is Full Self-Driving Capability at £5,800. This adds some very clever automated driving functions, such as the ability to read traffic lights and signs or even bring the car to you in a car park. If you can’t afford it when you buy the car, this particular option can be added later. 

Running costs 

How much it costs to run a Model 3 will largely depend on how you charge it. If you top up the battery at home it will cost around £7.50- £10 to completely charge from ‘empty’ to 100%. Public charging points will vary in cost from double to triple that amount, although there are still some which are free to use. 

When it comes to servicing, the Tesla costs should come as a nice surprise to anyone used to a traditional car’s oil change, fuel filter, and spark plug replacements. Even brake pad renewals are rarely needed because regenerative braking returns energy to the battery, significantly reducing wear. The company doesn’t publish service prices, but expect a three year/36,000 mile maintenance plan to cost around £500. 


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