Tesla is intensifying its efforts to make the holiday quarter its most successful yet by rolling out various vehicle promotions and discounts in the U.S. since the start of the season.
The company has extended its zero down payment financing offers for the Model Y and Model 3 and is now providing discounts of up to $2,700 on brand-new vehicles in its inventory, not just on demonstration models with limited mileage.
For example, the 2024 Model Y Long Range Rear-Wheel Drive is priced from $34,790 after applying the federal tax credit. Meanwhile, the base Long Range Rear-Wheel Drive Model 3 starts at $32,870, also after the tax credit, available in the basic Stealth Grey color with a black interior.
With a $3,999 down payment, the monthly payment for the least expensive Model Y with the inventory discount would be approximately $646. However, Tesla has not extended the 1.99% APR financing offer that was available last month, leading to higher interest rates. Currently, the financing for the Model Y and Model 3 comes with a 5.29% interest rate for a 72-month term, while the 84-month financing option sees rates rise to 6.29% APR.
For customers looking to purchase Tesla’s popular vehicles outright, a Model Y can now be acquired for less than $35,000, assuming they opt for the standard Stealth Grey color and basic black interior.
Source: Tesla