Personal Contract Purchase

Representative Example

A Tesla arranged Personal Contract Purchase, allows customers the benefits of ownership with the flexibility of having options at the end of the contract. Customers may purchase the vehicle for the Guaranteed Minimum Future Value (GMFV), re-finance the Guaranteed Minimum Future Value to take full ownership, trade-in their vehicle and use any equity as a deposit towards a new Tesla, or simply return the vehicle back to Tesla! Customers may apply for a PCP through the Design Studio from 24 to 48 months and from 10,000 to 24,000 miles per year.

Tesla Model S 75 - PCP Representative Example
48 fixed monthly payments of £463
On-the-road cash price £60,380
Customer deposit £11,000
Total amount of credit £49,380
Final Payment £29,586
Total Interest amount £2,133
Fixed rate of interest per year 1.48%
Representative APR 1.5%
Length of agreement in months 48
Total amount payable £62,787
Option to Purchase Fee £10
Mileage per annum 10,000
Excess mileage charge per mile (Excluding VAT) £0.07
Tesla Model X 75D - PCP Representative Example
48 fixed monthly payments of £618
On-the-road cash price £73,830
Customer deposit £11,000
Total amount of credit £62,830
Final Payment £36,177
Total Interest amount £2,677
Fixed rate of interest per year 1.48%
Representative APR 1.5%
Length of agreement in months 48
Total amount payable £76,848
Option to Purchase Fee £10
Mileage per annum 10,000
Excess mileage charge per mile (Excluding VAT) £0.07

Contract Purchase
Tesla Motors Limited is authorised and regulated by the Financial Conduct Authority for credit broking.  Firm registration number 677768.

Tesla Motors Limited acts as a credit broker and introduces customers to Black Horse Limited for Hire Purchase and Contract Purchase.

Tesla Motors Limited registered office and postal address is 197 Horton Road, West Drayton. UB7 8JD

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