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Tesla has launched a limited-time promotion for U.S. buyers, offering a $0 down payment on the Model 3 and Model Y when financing, plus eligibility for the $7,500 federal tax credit if purchased by the end of Q3 2024.
Tesla Rolls Out $0 Down Payment Offer for U.S. Buyers
U.S. purchasers of the Model 3 and Model Y Long Range and Performance are eligible for a new incentive that Tesla introduced in the last weeks of the third quarter.
According to Tesla, qualifying buyers might get a Model 3 or Model Y for zero down payment, Teslarati shares.
Tesla Financing Terms Include 60-72 Month Loans at 2.49% APR
The $0 due at signing promotion applies to financed automobiles when buyers apply for the $7,500 federal tax credit at the time of sale OR, as highlighted by Tesla on the order page of the Model 3 and Model Y. Customers who choose to pay nothing upfront can drive a Model 3 for up to 60 months or a Model Y for up to 72 months with an APR of 2.49%.
Alternatively, customers can choose to pay a 20% down payment on a Model Y with a loan period of 36-72 months or a Model 3 with a loan term of 36-60 months in order to achieve an even lower APR. The favorable APR for buyers who put a 20% downpayment on the Model 3 or Model Y is 1.99%.
Promotional Pricing Ends at the Close of Q3 2024
If you qualify, have acceptable credit, and order and receive your new Model 3 or Model Y by the end of Q3 2024, you can take advantage of the promotional pricing, according to Tesla. Additionally, the company mentioned in its social media post that the promotion of $0 due at signing is valid for new purchases placed on or after September 12, 2024.
On the official X social media account for Tesla North America, the company has announced its new incentive. Images circulated online imply that the manufacturer of electric vehicles is also communicating with prospective buyers regarding the current sale. Regarding its $0 due at delivery incentive, Tesla is communicating the following with its customers.
