Official announcements on Tesla's website or press releases

Tesla Announces 0% APR Financing for Model 3 and Model Y in US, Saving Buyers Up to $7,000 Over 72 Months

Oct 9, 2024, 12:29 AM

Tesla has announced a new financing option for its Model 3 and Model Y vehicles in the United States. The company is offering a 0% APR loan rate for new finance orders, which can save buyers up to $7,000 over a 72-month loan compared to Tesla's standard 5.29% loan rate. This offer is available for orders placed today or later and requires a minimum down payment of 15%. Additionally, eligible buyers can benefit from a $7,500 Federal tax credit. The financing option also applies if buyers purchase the Full Self-Driving (FSD) package. With point of sale Federal and State rebates, leasing a Model 3 can be as low as $0 down and $152 per month.