| Date: | Wednesday, 16 January 2008 |
| Session: | Day 3 (of 4) |
| Track: | Jerez |
| Track length: | 4.429 km |
| Weather: | Overcast with intermittent rain up to 14h00, then sunny periods. (Air: 15-18°C, Track: 15-20°C) |
| News article: | Jerez: Glock fastest in TF108 on final day Jerez: Day 3 team test notes |
| P | Driver | Constructor | Car | T | Time | Gap | Avg Speed | Laps |
| 1 | Timo Glock | Toyota | TF108 | B | 1:19.779 | 199.857 | 96 | |
| 2 | Lewis Hamilton | McLaren-Mercedes | MP4-23 | B | 1:20.099 | 0.320 | 199.059 | 73 |
| 3 | Fernando Alonso | Renault | R27 | B | 1:20.363 | 0.584 | 198.405 | 49 |
| 4 | Sébastien Bourdais | Toro Rosso-Ferrari | STR2B | B | 1:20.407 | 0.628 | 198.296 | 61 |
| 5 | Felipe Massa | Ferrari | F2008 | B | 1:20.500 | 0.721 | 198.067 | 85 |
| 6 | Heikki Kovalainen | McLaren-Mercedes | MP4-23 | B | 1:20.535 | 0.756 | 197.981 | 71 |
| 7 | Kamui Kobayashi | Toyota | TF107 | B | 1:20.577 | 0.798 | 197.878 | 45 |
| 8 | Kimi Räikkönen | Ferrari | F2008 | B | 1:20.646 | 0.867 | 197.709 | 59 |
| 9 | Kazuki Nakajima | Williams-Toyota | FW29B | B | 1:20.758 | 0.979 | 197.434 | 57 |
| 10 | Adrian Sutil | Force India-Ferrari | F8-VIIB | B | 1:21.705 | 1.926 | 195.146 | 71 |
| 11 | Mark Webber | Red Bull-Renault | RB3 | B | 1:22.275 | 2.496 | 193.794 | 53 |
| 12 | David Coulthard | Red Bull-Renault | RB4 | B | 1:22.581 | 2.802 | 193.076 | 54 |
| 13 | Nico Hülkenberg | Williams-Toyota | FW29B | B | 1:24.023 | 4.244 | 189.762 | 65 |
| 14 | Sebastian Vettel | Toro Rosso-Ferrari | STR2B | B | 1:24.873 | 5.094 | 187.862 | 50 |