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Big Savings on Tesla Model 3 and Y with 0% Financing, $7,500 Credit Available

October 29, 2024

Tesla is offering 0% APR financing on the Model 3 and Model Y for qualified buyers.
The deal includes a $7,500 federal tax credit, significantly lowering monthly payments.
Buyers must order by December 31 and meet credit qualifications to secure the 0% APR rate.

With Tesla’s 0% APR financing deal on the Model 3 and Model Y, those looking for a new, sustainable ride can get in the driver’s seat without worrying about rising interest rates. Let’s break down what you get, the costs, and what to watch for, because yes, this deal does come with some fine print.

Tesla’s 0% APR deal on the Model 3 and Model Y is available to “well-qualified buyers with excellent credit” who order one of these models on or after October 21 and take delivery by the end of the year.

Payments start as low as $581/month for the Model Y over a 60-month term and $899/month for the Model 3 over 36 months. There’s a required down payment of 20%, including the $7,500 federal tax credit and a one-time payment of $3,999, but for those who meet the qualifications, this financing setup can ease the upfront costs and make long-term payments far more manageable.

If you’re considering the Model 3, the 2024 version brings some nice updates. Tesla kept its signature minimalist design but added subtle exterior tweaks and a refreshed interior, giving this compact sedan an even smoother look.

Big Savings on Tesla Model 3 with 0% Financing and $7,500 Credit Available

The 2024 Model 3 Long Range Rear-Wheel Drive, which starts at $42,490, offers a 363-mile range on a single charge, ideal for anyone who wants to spend more time driving and less time charging. Monthly payments for the Rear-Wheel Drive variant $899, are $1,038, while the All-Wheel Drive model is $1,038 per month. And the Performance model, with its sportier acceleration and added features is available at $1,247 per month.

Since its debut in 2020, Tesla’s Model Y compact SUV has remained a top choice for families. With a starting price of $44,990 before tax credits, it offers a spacious interior and flexible cargo space, making it a solid choice for everyday use.

The Model Y Long Range Rear-Wheel Drive features a 337-mile range and starts at $581 per month over a 60-month term with 0% financing, while the Long Range All-Wheel Drive, at $631/month, offers more traction but slightly less range (308 miles).

Big Savings on Tesla Model Y with 0% Financing and $7,500 Credit Available

The Performance variant ups the game further, featuring Tesla’s Performance Dual Motor All-Wheel Drive, 21’’ Überturbine Wheels, and exclusive red performance brakes, all for $690/month. This model delivers a 277-mile range and a top speed of 155 mph.

That said, a few key details could affect your monthly payment. The standard package comes in Stealth Grey with an 18″ wheel setup. But if you’ve got your heart set on other options, like Tesla’s white interior or 19″ Nova wheels, be prepared for a $1,000 bump in the overall cost.

Additionally, Full Self-Driving (FSD), Tesla’s highly-anticipated autonomous driving feature, is not included in this financing offer, meaning buyers will need to factor in the added cost if they want this capability.

Tesla’s 0% financing rate is one of those rare deals, and it’s subject to change, or even cancellation, without notice. This opportunity is available only to those who can finalize orders and take delivery before the December 31 deadline. With Tesla planning even more affordable EVs, like a rumored $30,000 model, now could be one of the best times to buy a Tesla if you’ve had your eye on one.

Image showcasing attendee at Electrify Expo speaking with a Tesla rep about the Tesla model Y — _{People interacting and discussing Tesla vehicles at Electrify Expo, with a Tesla Model Y and Model 3 on display.}

From Elon Musk’s recent comments to the latest earnings updates, Tesla’s ambitions are clear, “We want to make EVs accessible for everyone.” Tesla hit record delivery numbers last quarter, reinforcing that demand for their vehicles is only growing.

So, if you’re ready to switch to clean, electric driving, Tesla’s 0% APR financing deal offers a perfect opportunity to make that move easier and more affordable.