Photo 1 of 16
2020 Tesla Model 3
- 142,000 km
- Electric
- Automatic
ISK 3,590,000
Near estimateEstimate ISK 3.44M
Price scale: asking price ISK 3,590,000, estimate ISK 3,444,382, likely range ISK 3.12M to 3.8M.
NetbifreiðasalanListed Oct 27, 202610 days on the market
- First registered
- 10/2020
- Mileage
- 142,000 km
- Km a year
- about 23,000
- Fuel
- Electric
- Gearbox
- Automatic
- Drive
- Four-wheel drive
- Power
- 499 hp
- Seats
- 5
- Inspection
- Next 2028
- says the seller
- Trade-in
- Cheaper or dearer
- says the seller
Price check
ISK 3,590,000 is 4.2% above estimate, within the likely range.
High confidence
Based on 2020 Model 3 cars (100) · Likely range: ISK 3.12M to 3.8M · Estimate: ISK 3,444,382
Price history
No change since Oct 28
- Oct 28, 2026ISK 3,590,000
2020 Tesla Model 3 for sale
See them all- For sale
- 40
- Median asking price
- ISK 3,990,000
- Asking prices
- ISK 3.2M to 5M
8 of them ask less than this car.
Costs
Running costs a year
Enter the car's consumption to see the energy cost.
- Vehicle tax (bifreiðagjald)
- ISK 42,520
- Per km fee (kílómetragjald)
- ISK 104,250
- Insurance
- Depends on the insurer
- Total of what is worked out
- ISK 146,770
- Vehicle tax: an electric car pays the minimum, ISK 21,260 for each half year (law 39/1988; Skatturinn, Nov 2, 2026).
- Per km fee: ISK 6.95 per km for passenger cars with a permitted total weight up to 3,500 kg, from Jan 1, 2026 (Skatturinn, Nov 2, 2026).
- Electricity: ISK 22.13 per kWh at home, the energy price (the sellers' average, Aurbjörg, Nov 2, 2026) and distribution (Veitur, tariff from Apr 1, 2026).
- Insurance is not priced: insurers publish no prices, and it depends on the car and on you.
Car loan example
Monthly payment, APR and the whole example
About ISK 51,100 a month
APR 13.0%
Representative example
- Price
- ISK 3,590,000
- Down payment
- ISK 718,000
- Loan for the car
- ISK 2,872,000 (80% of the price)
- Arrangement fee, added to the loan
- 3.20% (ISK 91,904)
- Registration fee, added to the loan
- ISK 1,500
- Total loan amount
- ISK 2,965,404
- Term
- 7 years
- Interest rate
- 10.95% variable
- Credit assessment
- ISK 7,000
- Payment fee
- ISK 395 with every payment (electronic notice)
- Monthly payment
- ISK 51,092 including the payment fee
- Total amount payable
- ISK 4,298,728
- Total cost of credit
- ISK 1,425,228
- Annual percentage rate (APR)
- 13.0%
- The arrangement fee and the registration fee are added to the loan, as the lenders do.
- Lenders require third-party and comprehensive insurance; its premium is not in the APR.
- Rate and fees from a lender's price list valid from Aug 20, 2026; other lenders' terms may differ.
- We do not lend money or arrange loans; the lender sets the terms.
Lenders' terms
The same loan at each: ISK 2,872,000 over 7 years, at the rate and fees in each lender's published price list.
- Arion bankiAbout ISK 50,200 a month
Rate 10.85% · APR 12.3% · total cost of credit ISK 1,345,892
Arion banki: car loans(opens in a new tab)See the terms Arion banki
- Price
- ISK 3,590,000
- Down payment
- ISK 718,000
- Loan for the car
- ISK 2,872,000 (80% of the price)
- Arrangement fee, added to the loan
- 1.55% (ISK 44,516)
- Total loan amount
- ISK 2,916,516
- Term
- 7 years
- Interest rate
- 10.85% variable
- Payment fee
- ISK 505 with every payment (electronic notice)
- Monthly payment
- ISK 50,213 including the payment fee
- Total amount payable
- ISK 4,217,892
- Total cost of credit
- ISK 1,345,892
- Annual percentage rate (APR)
- 12.3%
- Ergo
The longest term for this car is 72 months.
Ergo: car loans(opens in a new tab) - Landsbankinn
The longest term for this car is 60 months.
Landsbankinn: car loans(opens in a new tab) - LykillAbout ISK 51,100 a month
Rate 10.95% · APR 13.0% · total cost of credit ISK 1,425,228
Lykill: car loans(opens in a new tab)See the terms Lykill
- Price
- ISK 3,590,000
- Down payment
- ISK 718,000
- Loan for the car
- ISK 2,872,000 (80% of the price)
- Arrangement fee, added to the loan
- 3.20% (ISK 91,904)
- Registration fee, added to the loan
- ISK 1,500
- Total loan amount
- ISK 2,965,404
- Term
- 7 years
- Interest rate
- 10.95% variable
- Credit assessment
- ISK 7,000
- Payment fee
- ISK 395 with every payment (electronic notice)
- Monthly payment
- ISK 51,092 including the payment fee
- Total amount payable
- ISK 4,298,728
- Total cost of credit
- ISK 1,425,228
- Annual percentage rate (APR)
- 13.0%
- Rates and fees are from the lenders' published price lists, read Nov 2, 2026. A lender may add a margin to the rate after its credit check.
- The arrangement fee and the registration fee are added to the loan, as the lenders do.
- The total cost of credit and the APR include the arrangement fee, the document fee and the credit assessment where the price list names them for a car loan, and the payment fee with each payment (electronic notice). The registration fee is a public fee and not counted as a cost of credit.
- An example for comparison, not a promise of a loan: the lender decides whether and on what terms it lends. We have no partnership with any lender and send them nothing about you.
Similar cars
All Tesla Model 3 for sale |  |  |  |  | |
|---|---|---|---|---|---|
| Asking price | ISK 3,590,000 | ISK 3,490,000 | ISK 4,150,000 | ISK 3,380,000 | ISK 4,290,000 |
| Against the estimate | Near estimate | Near estimate | 18.7% above estimate | Near estimate | 19.5% above estimate |
| Mileage | 142,000 km | 147,000 km | 136,000 km | 132,000 km | 126,000 km |
| Fuel | Electric | Electric | Electric | Electric | Electric |
| Sold by | NetbifreiðasalanListed Oct 27 | Toyota ReykjanesbæListed Oct 27 | BílamiðstöðinListed Dec 1, 2025 | BílalindListed Nov 2 | BílamiðstöðinListed Nov 30, 2025 |