Tesla China Extends Zero-Interest Loan for Model 3 and Model Y Until November 30

Tesla China has extended its five-year zero-interest financing offer for the Model 3 and Model Y RWD and AWD versions. Available through November 30, 2024, the program allows Chinese consumers to finance Tesla’s popular EVs without interest, making ownership more accessible in a competitive market.

Zero-Interest Loan Covers Tesla Model 3 and Model Y in RWD and AWD Options

The five-year zero-interest loan program offered by Tesla China has been expanded once more. The incentive applies to the Model 3 sedan and Model Y crossover in a Rear-Wheel Drive (RWD) and Long-Range Dual Motor All-Wheel Drive (AWD) configuration, per Teslarati.

The electric vehicle manufacturer has announced that consumers residing in China who wish to acquire specific Model 3 or Model Y models before November 30, 2024, can capitalize on a restricted five-year, zero-interest financing program. Tesla China's order pages for the Model 3 and Model Y emphasize the incentive.

Tesla China manufactures the Model 3 and Model Y at the Gigafactory Shanghai. The base RWD version, the mid-tier AWD variant, and the top-tier Performance specification are the three variants that both vehicles are available in. Please be advised that the five-year, zero-interest financing offer is exclusively available for the RWD and AWD grades, not for the Model 3 and Model Y performance variants.

Tesla Model Y in China Starts at $35,000; Performance Trim Reaches Nearly $50,000

In China, the Tesla Model 3 and Model Y remain premium vehicles. According to the Model 3's order page, the base RWD variant is priced at RMB 231,900 ($32,550), the Long Range AWD version at RMB 271,900 ($38,160), and the Model 3 Performance at RMB 335,900 ($47,150) before options.

The base RWD version of the Model Y is priced at RMB 249,900 ($35,000), while the Long Range AWD trim is priced at RMB 290,900 ($40,830). The Performance trim is priced at RMB 354,900 ($49,800) before options, as indicated on the vehicle's order page.

Tesla China's order page lists the estimated delivery dates for all Model 3 sedan variants at 4-6 weeks. However, all Model Y variants have an estimated delivery date of 1-3 weeks.

Tesla China's five-year, zero-interest loan offer was initially introduced in April. Tesla acknowledged that the program would be accessible for a restricted period. Subsequently, the electric vehicle manufacturer implements extensions at the end of each month. Therefore, it would be unsurprising if Tesla China extends the program until the end of the year.