Tesla is rolling out an impressive deal for its popular Model Y, offering 0% APR financing without the need to purchase the Full Self-Driving (FSD) feature. This enticing offer means prospective buyers can enjoy monthly payments as low as $581 with just 8% or $3,999 down for a 60-month term after accounting for the federal tax credit.
Tesla is sweetening the pot further with various term options for the Model Y: a 0.99% APR for a 72-month term and a 2.99% APR for an 84-month term. This 5-year zero percent interest offer is the best Tesla has set forth for its flagship vehicle. And there’s more; the Model 3, Tesla’s most affordable car, also participates in this generous financing, albeit for a shorter 36-month term.
Buyers with excellent credit can finance a new Model 3 ordered after October 21, 2024, with 0% APR for three years, requiring a minimum down payment of 20%. The base Model 3 RWD, boasting a remarkable 363-mile range, is accessible at a monthly payment of $899 with the same $3,999 down payment.
Tesla appears to be focusing its premier financing terms on the Model Y, likely due to its status as the top-selling vehicle and in anticipation of the upcoming Juniper facelift. Reports suggest trial production of the Model Y Juniper has already begun at Tesla’s Gigafactory in Shanghai, with a launch in China expected next quarter.
This competitive financing initiative might help Tesla achieve record shipment numbers even with the impending Juniper release. Such attractive terms could persuade many to take advantage of this opportunity to own a Model Y. Now might be the perfect time to dive into the Tesla electric experience.
