Tesla Model Y brings 1.99% APR with $0 down payment in New Zealand

Tesla has announced a 1.99% annual percentage rate (APR) on Model Y in New Zealand and customers will need to pay a $0 down payment to grab this offer.

The company first opened this offer for US customers yesterday but without a downpayment so it’s a better opportunity for the people in New Zealand to finance a new Model Y.

Tesla Model Y 1.99% APR New Zealand (Image Source – Tesla)

New orders should be placed before August 31 and delivered prior to September 30, 2024. Unfortunately, the website is still showing an 8.90% APR rate (by the time of writing this article) on all financing terms.

But the downpayment is showing $0 and the APR may also be updated very soon. You can check the official Model Y listing for more details.

(source – Tesla)