Tesla is offering a new 0% APR financing promotion that applies only to the Model 3, not other models. The return to Model 3 is credited with Full Self-Driving for those upgrading from a previous Tesla vehicle. The company is rolling out a couple of incentives in hopes of high performance. Aiming to boost sales by the end of the second quarter, a 0% APR financing option has been introduced, along with the reinstatement of the Full Self-Driving (Supervised) feature during the transition period. Both offers look attractive on paper, but, as is often the case with Tesla, there are some conditions.
The main novelty here is the 0% APR deal, which is available only on the Model 3. Not the Cybertruck, not the S or X, but only the entry-level sedan. Qualifying for this offer is known to depend on available options and tax incentives, but it appears to be available with $0 down under certain conditions. It is also limited to 60 months. This means roughly $6,000 in payments over the loan period for the cheapest rear-wheel-drive Model 3.
A high credit score is also required to take advantage of the promotion. This is a rare move in today’s high-interest environment that could influence buyers’ decisions. The FSD transfer feature has also been reinstated for a limited time. If you previously purchased Tesla’s Full Self-Driving beta package for $7,500 – $12,000 and plan to upgrade your vehicle, you can take this feature with you without needing to repurchase it. There is no exact data on when the deal will end, but it is unlikely to extend into the third quarter, so interested parties should act quickly.