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forum thread Posted by tony424 • Oct 22, 2024
forum thread Posted by tony424 • Oct 22, 2024

0% APR for Tesla Model 3 and Model Y

Tesla
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Model 3
0% APR promotional rate available for well-qualified buyers with excellent credit who order a new Model 3 on or after October 21, 2024. Available only for 36-month term and requires a minimum down payment of 20% ($7,500 Federal tax credit will be applied, if eligible). Monthly payment of $27.78 per $1,000 financed at 0% for 36 months. Not all applicants will qualify. Promotion is subject to change or end at any time, and cannot be applied retroactively. Used vehicles and enterprise sales not eligible.

Model Y
0% APR promotional rate available for well-qualified buyers with excellent credit who order a new Model Y on or after October 21, 2024. Available only for terms up to 60 months and requires a minimum down payment of 20% ($7,500 Federal tax credit will be applied, if eligible). Monthly payment of $16.67 per $1,000 financed at 0% for 60 months. Not all applicants will qualify. Promotion is subject to change or end at any time, and cannot be applied retroactively. Used vehicles and enterprise sales not eligible.

https://www.tesla.com/
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Model 3
0% APR promotional rate available for well-qualified buyers with excellent credit who order a new Model 3 on or after October 21, 2024. Available only for 36-month term and requires a minimum down payment of 20% ($7,500 Federal tax credit will be applied, if eligible). Monthly payment of $27.78 per $1,000 financed at 0% for 36 months. Not all applicants will qualify. Promotion is subject to change or end at any time, and cannot be applied retroactively. Used vehicles and enterprise sales not eligible.

Model Y
0% APR promotional rate available for well-qualified buyers with excellent credit who order a new Model Y on or after October 21, 2024. Available only for terms up to 60 months and requires a minimum down payment of 20% ($7,500 Federal tax credit will be applied, if eligible). Monthly payment of $16.67 per $1,000 financed at 0% for 60 months. Not all applicants will qualify. Promotion is subject to change or end at any time, and cannot be applied retroactively. Used vehicles and enterprise sales not eligible.

https://www.tesla.com/

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64 Comments

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Oct 22, 2024
3 Posts
Joined Oct 2024
Oct 22, 2024
CyanMitten345
Oct 22, 2024
3 Posts

Our community has rated this post as helpful. If you agree, why not thank CyanMitten345

adown payment of at least 15% of total price
you'll have to purchase the FSD semi-autonomous driving system that Tesla is currently marketing as "Full Self-Driving
removing the option causes the interest rate to shoot to 5.29%. On both the Model 3 and Model Y, FSD adds $8,000.
On a $50,000 Model 3, a 6-year loan at 5.29% APR would entail around $8,400 in interest and cost roughly $58,500. On a $50,000 car with $8,000 FSD, the cost with 0% APR $58000
5
8
Oct 22, 2024
655 Posts
Joined Jun 2006
Oct 22, 2024
WonderfulWork
Oct 22, 2024
655 Posts
Wait for redesigned model Y next year?
1
Oct 22, 2024
719 Posts
Joined Nov 2015
Oct 22, 2024
9999999
Oct 22, 2024
719 Posts
Tesla must've started clearing the inventory to make room for the upgraded Juniper Model Y coming 2025
1
1
Oct 22, 2024
3,576 Posts
Joined Dec 2005
Oct 22, 2024
Arcanlaw
Oct 22, 2024
3,576 Posts
Quote from CyanMitten345 :
adown payment of at least 15% of total price
you'll have to purchase the FSD semi-autonomous driving system that Tesla is currently marketing as "Full Self-Driving
removing the option causes the interest rate to shoot to 5.29%. On both the Model 3 and Model Y, FSD adds $8,000.
On a $50,000 Model 3, a 6-year loan at 5.29% APR would entail around $8,400 in interest and cost roughly $58,500. On a $50,000 car with $8,000 FSD, the cost with 0% APR $58000
That was the old promo. Today's doesn't require fsd.
Last edited by Arcanlaw October 22, 2024 at 04:59 AM.
Oct 22, 2024
24 Posts
Joined Apr 2019
Oct 22, 2024
Hawkeye18
Oct 22, 2024
24 Posts
You also can get 0,99% for 60 month on model Y, with 8% down and no requirement of adding on $8000 FSD which is a far better deal.
Oct 22, 2024
1 Posts
Joined Oct 2024
Oct 22, 2024
zKJohn
Oct 22, 2024
1 Posts

Our community has rated this post as helpful. If you agree, why not thank zKJohn

Referral dropped to $500 discount (was $1000) :-(
Military discount $1000 can be stacked with Inventory discounts
Inventory discounts are up to max $4000
BONUS: Tesla is also offering 1-year of free Premium Connectivity for inventory vehicles

Model Y
• 36-60 months: 0% APR
• 72 months: 0.99% APR
• 84 months: 2.99% APR

Model 3
• 36 months: 0% APR
• 48 months: 0.99% APR
• 60 months: 1.99% APR
• 72 months: 2.99% APR
• 84 months: 4.99% APR
Last edited by zKJohn October 22, 2024 at 08:29 AM.
1
Oct 22, 2024
1,960 Posts
Joined Mar 2013
Oct 22, 2024
BondT
Oct 22, 2024
1,960 Posts
Quote from Arcanlaw :
That was the old promo. Today's doesn't require dad.
2

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Oct 22, 2024
57 Posts
Joined Jan 2009
Oct 22, 2024
dealsrus333
Oct 22, 2024
57 Posts
I'm not able to purchase. It's always saying Your payment was declined. Try another payment method.
Oct 22, 2024
2,369 Posts
Joined Dec 2008
Oct 22, 2024
the.barbrR
Oct 22, 2024
2,369 Posts
Quote from Hawkeye18 :
You also can get 0,99% for 60 month on model Y, with 8% down and no requirement of adding on $8000 FSD which is a far better deal.

Yes and if you qualify for the Federal 7,500 rebate, it qualifies toward down payment requirement
Oct 30, 2024
50 Posts
Joined Aug 2014
Oct 30, 2024
Gerome42
Oct 30, 2024
50 Posts
Lots of incorrect info here. Doesn't require FSD for 0% financing. Just 20% down, and the federal tax credits and any trade in go towards that 20%. I bought one this past weekend for $0.01 down after trade in and tax credit. Plus $3700 discount on inventory

*0% APR promotional rate available for well-qualified buyers with excellent credit who order a new Model Y on or after October 21, 2024. Available only for terms up to 60 months and requires a minimum down payment of 20% ($7,500 Federal tax credit will be applied, if eligible). Monthly payment of $16.67 per $1,000 financed at 0% for 60 months. Not all applicants will qualify. Promotion is subject to change or end at any time, and cannot be applied retroactively. Used vehicles and enterprise sales not eligible.
Oct 30, 2024
1,616 Posts
Joined Apr 2006
Oct 30, 2024
pastramiavocado
Oct 30, 2024
1,616 Posts
Quote from Gerome42 :
Lots of incorrect info here. Doesn't require FSD for 0% financing. Just 20% down, and the federal tax credits and any trade in go towards that 20%. I bought one this past weekend for $0.01 down after trade in and tax credit. Plus $3700 discount on inventory

*0% APR promotional rate available for well-qualified buyers with excellent credit who order a new Model Y on or after October 21, 2024. Available only for terms up to 60 months and requires a minimum down payment of 20% ($7,500 Federal tax credit will be applied, if eligible). Monthly payment of $16.67 per $1,000 financed at 0% for 60 months. Not all applicants will qualify. Promotion is subject to change or end at any time, and cannot be applied retroactively. Used vehicles and enterprise sales not eligible.

What is the $3700 discount on inventory? I want to pick up a Y but still on the fence since we don't qualify for the tax credits
Oct 31, 2024
1,194 Posts
Joined Dec 2015
Oct 31, 2024
FishKilla
Oct 31, 2024
1,194 Posts
Quote from pastramiavocado :
What is the $3700 discount on inventory? I want to pick up a Y but still on the fence since we don't qualify for the tax credits
That is the discount to take the old stock.

Wait for the Jupiter refresh, even if you want the old one, they will be cheaper when Jupiter is released.
1
Oct 31, 2024
1,616 Posts
Joined Apr 2006
Oct 31, 2024
pastramiavocado
Oct 31, 2024
1,616 Posts
Quote from FishKilla :
That is the discount to take the old stock.

Wait for the Jupiter refresh, even if you want the old one, they will be cheaper when Jupiter is released.
Got it, thanks! Guess we'll have tough it out and wait a few more months
Oct 31, 2024
672 Posts
Joined Nov 2006
Oct 31, 2024
PortlandME
Oct 31, 2024
672 Posts
0% is a great deal, especially when combined with a discounted inventory vehicle. In the past they typically did one or the other (low APR or inventory discounts). And on top of that you can still get $500 off the Y and 3 if you have a referral link. PM if you need help!
Last edited by PortlandME October 31, 2024 at 07:51 AM.

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Oct 31, 2024
185 Posts
Joined Nov 2013
Oct 31, 2024
FairlightRacing
Oct 31, 2024
185 Posts
Quote from CyanMitten345 :
adown payment of at least 15% of total price you'll have to purchase the FSD semi-autonomous driving system that Tesla is currently marketing as "Full Self-Driving removing the option causes the interest rate to shoot to 5.29%. On both the Model 3 and Model Y, FSD adds $8,000. On a $50,000 Model 3, a 6-year loan at 5.29% APR would entail around $8,400 in interest and cost roughly $58,500. On a $50,000 car with $8,000 FSD, the cost with 0% APR $58000
Looks like an accounting gimmick to fool investors rather than a legitimate promotion offer.
1

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