Tesla UK offers £3,750 trade-in bonus for new vehicles

Tesla UK has introduced a trade-in incentive worth £3,750, equivalent to about $5,043 USD, to encourage customers to upgrade to a new Tesla by trading in their existing car. This offer requires ordering and taking delivery before March 31, 2026.

Tesla's UK division is running a promotional trade-in program aimed at boosting sales of its electric vehicles. Under the initiative, eligible customers can receive a £3,750 bonus applied toward the purchase of a new Tesla model when they trade in their current vehicle. The USD equivalent stands at $5,043, providing a clear financial incentive for those looking to switch to Tesla's lineup.

To qualify, buyers must place their order and complete delivery by March 31, 2026. This deadline underscores the time-sensitive nature of the offer, potentially driving urgency among prospective buyers in the UK market. The program comes at a time when electric vehicle adoption continues to grow, though specific details on eligible trade-in vehicles or model restrictions were not outlined in the announcement.

This move aligns with broader industry trends where manufacturers use trade-in bonuses to clear inventory and attract new customers amid competitive pressures. For UK consumers, it represents a tangible discount on Tesla's premium pricing, making the transition to sustainable transport more accessible.

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Tesla has introduced a series of incentives to boost sales in the final weeks of 2025, including free upgrades on inventory vehicles, 0% APR financing, and $0 down leases. These measures come after the end of the federal EV tax credit pulled demand forward into the third quarter. The offers aim to clear inventory and maximize deliveries by December 31.

As part of its recent push into more affordable EVs with Standard variants of the Model 3 and Model Y, Tesla's entry-level Model Y has drawn mixed reviews. Priced from £41,990 in the UK ($39,990 in the US), it emphasizes efficiency and usability but includes cost-saving simplifications that divide opinions.

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Building on initial December promotions amid global sales challenges, Tesla details U.S.-focused incentives like zero-percent financing, $299 monthly leases, and three months of free Full Self-Driving to clear inventory and offset lost federal tax credits after November's sub-40,000 unit sales.

New data shows Tesla's electric vehicle sales in Europe dropped 27.8% in 2025 compared to 2024. Registrations fell from 326,000 to 235,000 vehicles amid growing competition and policy changes. This slowdown raises questions about the brand's momentum in the EV market.

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Tesla introduced more affordable versions of its Model 3 and Model Y this week, reducing prices by about $5,000 in the US while cutting several features. The move aims to counter the end of the $7,500 EV tax credit and boost sales amid declining market share. Reactions have been mixed, with some praising accessibility and others criticizing the value.

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Tesla introduced entry-level Standard versions of its Model 3 and Model Y on October 13, 2025, reducing prices by about $5,000 through feature cuts. The move aims to make the vehicles more affordable but has sparked debate over removed essentials like lane-centering assistance. Prices start at $36,990 for the Model 3 and $39,990 for the Model Y.

 

 

 

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