Tesla launches 0% APR on Model 3 and Y in the US

Tesla has announced a new promotional offer for model 3 and Y customers in the US allowing them to finance these electric vehicles at 0% APR.

Last month, Tesla brought a 0% APR on both EVs when the customers buy Full Self Driving (FSD) alongside the model. However, this new offer is a flat 0% finance without any strings attached.

New customers can claim the new APR starting October 21 and must take the delivery by December 31, 2024. These Tesla models have different promotional APR durations including:

Model Y

• 36-60 months: 0% APR
• 72 months: 0.99% APR
• 84 months: 2.99% APR

Model 3

• 36 months: 0% APR
• 48 months: 0.99% APR
• 60 months: 1.99% APR
• 72 months: 2.99% APR
• 84 months: 4.99% APR

This new offer can also bring benefits with $7,500 Federal EV incentives. This will further reduce the financial burden.

Customers have to make a down payment of $3,999. With these in place, a monthly $27.78 per $1,000 is financed at 0% for 36 months for Model 3. And monthly payment of $16.67 per $1,000 financed at 0% for 60 months for Model Y.

Check more information about these on the official Tesla website below.