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Tesla has introduced a $0 due at signing promotion for new Model 3 and Model Y buyers in the U.S. The offer applies to orders placed from September 12, 2024, and includes a low-interest rate for qualified buyers.
Tesla Offers $0 Down Payment for Model 3 and Model Y Buyers with 2.49% APR Financing
In a recent report by Teslarati, Tesla has introduced a new incentive for customers of the Model 3 and Model Y Long Range and Performance in the United States with only a few weeks remaining in the third quarter. According to the company, customers could acquire a qualified Model 3 or Model Y and pay $0 when signing.
As Tesla has indicated on the Model 3 and Model Y order page, the $0 due at signing promotion applies to financed vehicles when buyers submit for the $7,500 federal tax credit at the point of sale OR. Customers who elect to participate in the promotion should anticipate a 2.49% APR for their vehicle payments for a maximum of 60 months for a Model 3 or 72 months for a Model Y.
Customers who desire an even lower APR may select a Model Y with a 36–72-month loan term or a Model 3 with a 36–60-month loan term by making a 20% downpayment. The Model 3 or Model Y would be purchased at a 1.99% APR for buyers who make a 20% down payment.
Tesla has observed, however, that the promotional rates are accessible to qualified buyers with excellent credit who order and receive a new Model 3 or Model Y by the conclusion of Q3 2024. The company also stated in its social media post that the $0 due at signing promotion applies to new orders submitted on or after September 12, 2024.
Tesla Promotes $0 Due at Signing for Model 3 and Model Y on Social Media, Sparking Interest
Tesla has advertised a new incentive on the official account of Tesla North America on the social media platform X. Images posted online indicate that the electric vehicle manufacturer is also communicating with prospective consumers regarding the ongoing promotion. The message Tesla conveys to its customers regarding its $0 due at delivery incentive is as follows.
The Model 3 and Model Y are Tesla's two most popular vehicles, accounting for most of the company's quarterly sales. Given their popularity, it would be intriguing to observe the extent to which the recently announced $0 due at signing promotion influences Model 3 and Model Y orders in the United States this month.
