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 vehicle, or simply return the vehicle back to Tesla.

Customers can apply for a PCP from 24 to 48 months and from 10,000 to 24,000 miles per year.

Tesla Model S 75D -
PCP Representative Example
48 fixed monthly payments of £566
On-the-road cash price £65,550
Customer deposit £11,000
Total amount of credit £54,550
Optional Final Payment £32,120
Interest charges £4,207
Fixed rate of interest per year 2.7%
Length of agreement 48 months
Total amount payable £70,287
Option to Purchase Fee £10
Representative APR 2.7%
Mileage per annum 10,000
Excess mileage charge per mile 7 ppm
Tesla Model X 75D -
PCP Representative Example
48 fixed monthly payments of £649
On-the-road cash price £71,350
Customer deposit £11,000
Total amount of credit £60,350
Optional Final Payment £34,962
Interest charges £5,139
Fixed rate of interest per year 3.0%
Length of agreement 48 months
Total amount payable £77,134
Option to Purchase Fee £10
Representative APR 3.0%
Mileage per annum 10,000
Excess mileage charge per mile 7 ppm
Tesla Model S 75D - PCP Representative Example
48 fixed monthly payments of £566
On-the-road cash price £65,550
Customer deposit £11,000
Total amount of credit £54,550
Optional Final Payment £32,120
Interest charges £4,207
Fixed rate of interest per year 2.7%
Length of agreement 48 months
Total amount payable £70,287
Option to Purchase Fee £10
Representative APR 2.7%
Mileage per annum 10,000
Excess mileage charge per mile 7 ppm
Tesla Model X 75D - PCP Representative Example
48 fixed monthly payments of £649
On-the-road cash price £71,350
Customer deposit £11,000
Total amount of credit £60,350
Optional Final Payment £34,962
Interest charges £5,139
Fixed rate of interest per year 3.0%
Length of agreement 48 months
Total amount payable £77,134
Option to Purchase Fee £10
Representative APR 3.0%
Mileage per annum 10,000
Excess mileage charge per mile 7 ppm

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 and Clydesdale Financial Services Limited trading as Barclays Partner Finance for Hire Purchase and Contract Purchase.

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

Tags: 

SHARE