Tesla has launched a new financing offer in the USA that offers buyers of Model 3 and Model Y a 0% financing without the Full Self-Driving (FSD) package has to be added. This change is aimed at increasing sales figures and taking advantage of the attractive offer in view of the current high interest rates.
New financing offers from Tesla
Tesla has launched a 0% interest financing for Model 3 and Model Y in the USA. Originally, this offer was linked to the condition that purchasers had to purchase the Full Self-Driving (FSD) package. This package increased the final price by around 8,000 US dollarsbut the savings on interest over a typical term of 5 years made the offer attractive to many buyers.
Elimination of the FSD requirement
Less than two weeks after the launch Tesla the requirement to use the FSD package in order to benefit from the 0% financing financing has been canceled. According to an article in the official Tesla North America account on X (formerly Twitter), the offer applies to Model 3 and Model Y Purchases made by December 31, 2024 are delivered.
Conditions of the new offer
Although the FSD requirement no longer applies, there are still some conditions for the new financing offer:
- Model 3: The 0% financing is available for a term of 36 months is available. For a term of 84 months the interest rate rises to 4,99%.
- Model Y: The offer is valid for terms of up to 60 months. For a term of 84 months the interest rate is 2,99%.
- down payment: Buyers must pay at least 20% down payment for the 0% financing to be eligible for 0% financing.
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Alternative offers: Tesla also offers a 0% down payment option. Buyers can either pay the 0% financing or the 0% down payment but you cannot use both offers at the same time.
0% APR now available in the US for Model 3/Y
— Tesla North America (@tesla_na) October 22, 2024
Take delivery by Dec 31https://t.co/wkAjuYtn54
Comparison to previous offers
The original offer with the FSD requirement was an attractive way for many buyers to avoid the high interest rates. The removal of this condition makes the 0% finance offer even more accessible and could lead to a further increase in sales of Model 3 and Model Y lead to a further increase in sales.
Future prospects and recommendations
Tesla could introduce further financing offers in the coming months, especially as the quarter is not yet complete. Buyers who are interested in a Tesla Model 3 or Model Y should take advantage of these offers to benefit from the improved conditions and acquire a high-quality electric vehicle.
Summary
The introduction of the 0% financing without the need to change the Full Self-Driving (FSD) package represents a significant step forward for Tesla the attractiveness of its Model 3 and Model Y to increase the attractiveness of its and This change offers buyers more flexibility and can further boost sales figures, while Tesla strengthening its market position in the electric vehicle sector.
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