Tesla has introduced a new package of financing and leasing incentives across its U.S. vehicle lineup, stepping up its year-end sales push with lower borrowing costs and improved lease terms, particularly for the newly launched Model Y Standard.
The electric vehicle maker is now offering 0% financing for up to 72 months on new Model Y Standard orders, a sharp improvement from the 3.99% promotional rate introduced only weeks earlier and a significant reduction from previous offers above 5%. The move positions the entry-level Model Y as the most aggressively priced option in Tesla’s current U.S. lineup.
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Other models are also included in the revised incentive package. Buyers of the Model Y Premium, Model 3 Premium and Model 3 Performance can now access 2.99% financing, a change expected to reduce long-term ownership costs. Tesla is also offering one complimentary upgrade, such as paint or wheels, on select Model Y and Model 3 inventory vehicles.
Lease terms have also been adjusted. The Model Y is now available from $449 per month with no down payment, replacing the earlier $3,000 upfront requirement. The Model 3 starts at $299 per month with $1,500 down, or $342 per month with zero down. Higher-end models remain more expensive, with the Model X beginning at $1,699 per month with $7,500 down or $1,928 with no down payment, and the Model S starting at $1,549 per month with $7,500 down or $1,771 with zero down.
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The incentives are expected to support demand for inventory vehicles that can be delivered quickly before the end of the year, as Tesla continues to rely on periodic price adjustments, financing offers and free upgrades to stimulate purchases in a competitive U.S. electric vehicle market.
