Tesla announces $0 due at signing for Model 3/Y in the US

Tesla has announced a new promotional offer that will enable customers to finance a new Model 3 and Model Y with a $0 due at signing.

This offer applies to Tesla Model 3 and Model Y Long Range and Performance variants in the US. It will be available for new orders placed on September 12 onwards.

More information on this matter reveals that $0 due at signing is available with a 2.49% APR for 36-72 months when eligible buyers apply for the $7,500 federal tax credit at the point of sale.

Tesla Model Y and Model 3 $0 due offer (Source – Tesla)

Last month, the EV maker announced a new financing deal for these two vehicles. Allowing you to benefit from 1.99% APR for 36 to 72 months loan duration.

This offer was set to expire last month but the company announced an expansion through September 30, 2024. To be available for this offer, customers must take the delivery of their vehicles by the last date.

However, a 1.99% APR requires a 20% downpayment (currently $3,999). Both models are eligible for $7,500 federal tax incentives that can be claimed with financing.

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