Tesla's New Financing Deals: 0% APR on Model 3 and More Revealed

Tesla's New Financing Deals: 0% APR on Model 3 and More Revealed

Hey everyone, DennisCW here! If you're in the market for a Tesla, things just got a whole lot more interesting. Late Thursday evening, Tesla dropped some fresh financing incentives that have everyone buzzing. As we predicted, the Model Y isn't getting quite as much love as the Model 3, but there's still plenty to unpack. In this post, I'll break down the latest offers, share my thoughts on why Tesla is doing this now, and give you some tips to maximize your savings. Let's dive in!

The Good News: Model 3 Gets the Spotlight

Starting with the star of the show – the Model 3. Tesla is pulling out all the stops to move these bad boys, and it makes sense with rumors swirling about a potential refresh (maybe even that front camera?). Here's what you can score:

• 18 Months of Free Supercharging: This is for cash purchases only – no financing or leasing. It's a smart way for Tesla to incentivize different buyer types.
• One Free Upgrade: Think paint, interior, or other options on eligible new inventory. Supplies are limited, and the price shown already deducts the freebie. This could be Tesla's play to clear out stock before any updates hit.
• 0% Financing for 60 Months: But here's the catch – you need to purchase Full Self-Driving (FSD). It's similar to what they did with the Cybertruck. Without FSD, it's as low as 2.49% APR.

These deals tie in nicely with Tesla's recent hype about deducting up to $10,000 in interest from your auto loan. I was worried they might skip financing promos altogether, but nope – they're here! And remember, the $7,500 federal tax credit ends on September 30th, so if you're buying, act fast. Don't forget to use a referral code (like mine in the video description) for three months of free FSD. It supports the channel too!

Model Y: Still Solid, But Not as Sweet

The Model Y gets some love, but it's not on par with last quarter's 1.99% APR. With the tax credit deadline looming, Tesla doesn't need to go all-in on discounts. Here's the breakdown:

• One Free Upgrade: Same as the Model 3 – apply it to tow hitch, interior colors, wheels (even those $2,000 ones), or paint. Limited to inventory while supplies last.
• 3.49% APR Financing: Not tied to FSD, which is a plus. But let's do some quick math: On a $50,000 Model Y, you're looking at $4,000–$5,000 in interest over the loan. With potential tax deductions, you might save around $1,000 – still not as good as 0%, but better than nothing.
• Leasing as Low as $349/Month: This requires a $3,000 down payment for a 36-month term (I think – check the site for details). It's down from last quarter's $399, but the down payment is up from $1,000.

Overall, it's favorable, but Q2 deals were better because the tax credit end wasn't on the horizon. If you're far from a factory, I'd buy now to secure delivery by September 30th. Closer buyers? Maybe wait and see if rates drop later in the quarter.

Cybertruck Perks and More

For Cybertruck fans:

• Free 20-Inch Cyber Wheel Upgrade with All-Terrain Tires: A $3,500 value, available for inventory lease orders only.
• 0% Financing: Again, tied to purchasing FSD.

Tesla's website now has a sleek page listing all incentives – a nice upgrade from the past. You can still stack America's Heroes discounts, FSD transfers, and free trials on top.

Why Now? Tesla's Strategy

Tesla knows the $7,500 tax credit is vanishing soon, so they're not slashing rates to 0% across the board. Instead, they're pushing interest deductions (which aren't as amazing as they sound) and tying deals to FSD to boost those sales. It's a clever move – people will buy anyway to snag the credit. I'll be crunching more numbers soon to see the real savings, so stay tuned!

Maximize Your Deal: Tips from DennisCW

• Use a Referral Code: Grab three months of free FSD and support creators like me.
• Sell or Trade Your Current Ride: Check out my partners at Give Me the VIN. Sell from home, negotiate for max value, and enter their $25,000 giveaway. Link in the description!
• Protect Your Credit Before Financing: With data breaches like Bank of America's recent one (they waited a month to tell folks!), it's crucial. I use Aura – it scans the dark web, reduces spam calls, removes your data from brokers, and includes $5M identity theft insurance. Try it free for 14 days at aura.com/denniscw.

Final Thoughts

Q2 might have been the peak for incentives this year, but these new deals are still worth jumping on, especially with the tax credit deadline. What do you think – is 3.49% on the Model Y a win, or are you holding out? Drop your thoughts in the comments below. If you're planning a purchase, protect your info and use those referrals!

Thanks for reading, folks. Catch you in the next video or post. Drive safe!

Disclosure: This post contains affiliate links and sponsorships.