Tesla is expanding its 0% financing in China and now includes the Long Range (AWD) variant of the new Model Y. This measure aims to stabilize demand for both variants and offer customers more flexibility.
Extended financing for both variants
From now on, Chinese customers who purchase a new Model Y before April 30, 2025, can benefit from a three-year interest-free financing offer, regardless of whether they choose the Rear-Wheel-Drive (RWD) or the Long Range (AWD) variant.
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0% Financing:
Both variants of the new Model Y can be financed for up to 3 years without interest, as confirmed by Tesla on its official Weibo account. -
5-Year Financing:
Customers who opt for a longer term will instead receive an "ultra-low" interest rate.
Background and Market Dynamics
Previously, the interest-free financing offer was exclusively available for the entry-level Model Y RWD – an offer that favored shorter delivery times and increased demand.
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Initial Issues with the Model Y Long Range:
Despite high demand, the LR AWD variant experienced long delivery times of up to 10 weeks. -
Optimized Delivery Times:
Tesla was able to reduce waiting times to 3-5 weeks, as reported by CNEvPost. -
Price Adjustment:
Upon introduction of the 0% financing for the RWD, the price of the Model Y Long Range was increased by ¥10,000 – a combination that slowed down orders.
Strategic Intent
By expanding the interest-free financing offer to both Model Y variants, Tesla signals that the company aims to stabilize demand evenly across the entire model portfolio. This shows how Tesla responds to market changes and attempts to balance both price adjustments and delivery times to offer attractive financing conditions to all customers.
Conclusion
The extended 0% financing offer for the Model Y Long Range in China is a strategic step by Tesla to stabilize market dynamics. By shortening delivery times and offering an attractive financing model, both variants of the new Model Y are to be strengthened and customer satisfaction further increased.
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