Tesla Model 3 Finance. Go Electric for Less
Australia's most popular electric vehicle deserves smart finance. We compare 50+ lenders, including those offering special green vehicle discounts, to find the best Tesla Model 3 finance deal for you.
Why choose Simple Loans.
Green Vehicle Discounts
Access lenders offering reduced rates for electric vehicles.
Novated Lease Savings
Salary sacrifice a Tesla for significant FBT and tax benefits.
New & Used Tesla Finance
Competitive rates for both new and pre-owned Model 3s.
50+ Lender Comparison
More options than going direct to your bank.
Same-Day Approval
Fast pre-approval so you can configure and order quickly.
Free Assessment
No cost, no obligation, find your best EV rate.
Why Finance Your Tesla Through a Broker?
While Tesla offers its own finance through partner lenders, going through Simple Loans gives you access to 50+ competing lenders, including specialist green vehicle financiers who may offer better rates than Tesla's standard finance option.
Electric vehicles like the Tesla Model 3 are increasingly popular with lenders due to lower running costs, strong resale values, and government EV incentives. This means you may qualify for preferential rates compared to traditional petrol vehicles.
Tesla Novated Lease: The Smart Way to Go Electric
For employees, a novated lease on a Tesla Model 3 is one of the most tax-effective ways to finance a vehicle in Australia. Key benefits include:
- FBT exemption: Electric vehicles below the luxury car tax threshold ($89,332 for 2024-25) are exempt from Fringe Benefits Tax
- GST savings: Save 10% on the purchase price and running costs
- Pre-tax payments: Reduce your taxable income by salary sacrificing lease payments
- All-inclusive budgeting: Insurance, registration, charging, and maintenance bundled in one payment
We can arrange a novated lease through most Australian employers. Get a free quote to see how much you could save.
How it works.
Apply Online in 60 Seconds
Fill out our simple online form, no paperwork, no obligations, and zero upfront fees.
We Compare 50+ Lenders
Our finance comparison tools search our panel of banks and specialist lenders to find the best rate for your situation.
Drive Away Happy
Once approved, funds are settled fast, often same day. You drive away with finance sorted.
Frequently asked questions.
How much does it cost to finance a Tesla Model 3?
A new Tesla Model 3 starts from approximately $55,000. At 6.49% over 5 years, monthly repayments would be around $1,060/month. Many EV-specific lenders offer rates below 6% for Tesla purchases.
Is a novated lease the best way to finance a Tesla?
For many employees, yes. A novated lease on a Tesla Model 3 can save thousands through FBT exemptions (for EVs under the luxury car tax threshold) and GST savings. We can model the exact savings for your salary.
Do lenders offer discounts for electric vehicles?
Yes! Several lenders on our panel offer 0.5-1.0% rate discounts for electric and hybrid vehicles as part of their green lending initiatives.
Can I finance a used Tesla Model 3?
Absolutely. Pre-owned Tesla Model 3s hold their value well, and most lenders are comfortable financing them at competitive rates.
What about Tesla Model Y finance?
We also arrange finance for Tesla Model Y, Model S, and Cybertruck. The same competitive rates and green vehicle discounts apply.
Ready to get started.
Free assessment, no upfront costs. We compare 50+ lenders to find you the best deal.
People we also help
Simple Loans is a finance comparison tool. Holder of Australian Credit Licence No. 509582. All applications are subject to lender approval. Terms, conditions, fees and charges apply. This information is general in nature.
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One short form, then a specialist compares our 50+ lender panel for your situation. Rates from 6.49% p.a. No credit impact to get started.