Tesla has introduced a limited-time financing offer for Canadian customers interested in purchasing a Model 3, with rates as low as 0.99% APR. This promotion applies to new orders placed by March 7, with delivery required by March 31, 2025.
The financing offer provides competitive interest rates depending on the loan term. The available rates include:
- 0.99% APR for 36- and 48-month terms
- 1.99% APR for 60- and 72-month terms
- 2.99% APR for an 84-month term
- 3.49% APR for a 96-month term
The 0.99% APR option, available for 36 and 48 months, offers a significant reduction in borrowing costs compared to the typical 5-5.5% APR range for standard auto loans. This could potentially save buyers thousands of dollars over the life of their loan.
See also: Tesla CFO: More Affordable EV and New Products Coming in 2025
0.99% APR financing now available for Model 3 in Canada
Applies to new orders placed by 3/7, must take delivery by 3/31
ā Tesla North America (@tesla_na) February 7, 2025
In addition to the financing promotion, Tesla has reintroduced the Model 3 into its referral program, offering customers a $650 discount with a referral link.
See also: Tesla Lowers EV Production Costs as It Prepares for New Model Y
The new financing offer comes as Tesla has recently raised the prices for the Model 3. The Rear-Wheel Drive (RWD) version now starts at C$59,990, while the Long Range All-Wheel Drive (AWD) version is priced at C$68,990, and the Performance variant at C$79,990. Tesla also lost eligibility for the federal iZEV rebate after the program exhausted its funding.
With the limited-time nature of this financing offer, interested buyers are encouraged to act quickly before the March 7 order deadline.