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, and explain the trade-offs of each Tesla Model 3 option.
Australian Credit Licence 509582. Fees and lender criteria apply.
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.
Pre-approval Before You Shop
Know your options before you configure and order.
No Upfront Fee
No upfront assessment fee and no obligation. Lender fees may apply.
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 Minutes
Fill out our simple online form, no paperwork, no obligations, and zero upfront fees.
We Compare 50+ Lenders
We search our panel of banks and specialist lenders to compare eligible options for your situation.
Drive Away Happy
Once approved, we arrange settlement with the lender and the seller. 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. Your repayments depend on the rate your lender sets, the term and any deposit.
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?
Some lenders on our panel price electric and hybrid vehicles differently under their green lending policies. Whether a discount applies, and how much, depends on the lender and its assessment of your application.
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.
No upfront assessment fee. We compare 50+ lenders to compare eligible options.
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.