The guidance on this site is based on our own analysis and is meant to help you identify options and narrow down your choices. We do not advise or tell you which product to buy; undertake your own due diligence before entering into any agreement. Read our full disclosure here.

How much is a Tesla 3? Full costs revealed.

Thinking about buying a Tesla 3? It was the 10th most popular car this summer, with over 3,000 vehicles registered for the first time in the UK in June 2024. But how much does it cost to buy and run? The NimbleFins car insurance experts have run the numbers on purchase prices for new and used cars, insurance and road tax. Here's what we found.

Tesla 3 Price

The NimbleFins car data experts have dug into publicly available new and used car data to learn how much motorists are really paying for a Tesla 3. Here's what we found.

Cost of a new Tesla 3

In 2024, starting OTR prices for new Tesla 3 vehicles ranged from £39,990 for Standard Range, rear-wheel drive car up £49,990 for a Long Range, all-wheel drive up to £59,990 for a Performance, all-wheel drive car.

2024 Tesla 3 Starting OTR Prices
Standard Range, Rear-Wheel Drive£39,990
Long Range, All-Wheel Drive£49,990
Performance, All-Wheel Drive£59,990
Average Market Price£47,472

And if you opt for additional options and extras like premium paint and wheels, connectors, autopilot or self-driving capability, the list price will rise further. Here are feature you can add, and how much they'll cost you (including VAT):

Tesla 3 Optional Extra Costs
19" Nova Wheels£1,500
Solid Black or Deep Blue Metallic£1,300
Ultra Red or Stealth Grey£2,000
Tow Hitch£1,300
Black and White Interior£1,100
Enhanced Autopilot£3,400
Full Self-Driving Capability£6,800
Wall Connector£475
Mobile Connector£180

What price are new Tesla 3 vehicles actually selling for in the UK? Across different variants, NimbleFins analysis of brand new cars for sale in summer 2024 found that the average price for a brand new Tesla 3 was £47,472. These figures reflects the average of 90 brand new vehicles for sale across the five trim levels and four engine types.

Tesla 3 New Car Price

Cost of a used Tesla 3

As with all vehicles, a used Tesla 3 declines in value over time. NimbleFins analysis of over 100 Tesla 3 vehicles in the used car market indicates that cars lose around £8,800 on average if they are resold sometime in their first 6 months or so during their first registration year, representing a loss in value of around 19%. The next year, cars lost a similar percentage (18% or £6,900) and a bit less in their third year (13% or £4,100).

Used Tesla 3 CostAgeAverage Price% Depreciation
2024 regLess than 6 months old£38,629-19%
2023 reg1 - 2 years old£31,726-18%
2022 reg2 - 3 years old£27,554-13%
Tesla 3 Used Car Price

Tesla 3 Insurance Costs

NimbleFins tested hundreds of cheap car insurance quotes and found that a low-risk driver would pay around £1,000 a year or so to insure a Tesla 3, and that premiums for a Long Range Tesla 3 were around 20% higher than a Standard Range car. This is largely because a more expensive vehicle would cost more to replace in the event of theft or write off—resulting in higher premiums.

Tesla 3 Used Car Price

Your insurance prices will certainly vary; use this information as a rough guide as to starting insurance costs and to see how they might vary by fuel type and trim level. To find out your Tesla 3 insurance costs, use the quote calculator below:

Cheap Car Insurance for your Tesla 3

Quickly compare over 100 UK insurance providers.

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Tesla 3 Road Tax Cost

As a fully electric car with 0g/km of emissions, there is no road tax for a Tesla 3 in the first year or ongoing years.

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The guidance on this site is based on our own analysis and is meant to help you identify options and narrow down your choices. We do not advise or tell you which product to buy; undertake your own due diligence before entering into any agreement. Read our full disclosure here.

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