Tesla launches 0.99% APR financing on Model 3 in Canada

Tesla has officially announced 0.99% APR financing on the upgraded Model 3 electric vehicle (EV) in Canada, enabling customers to finance this model at an affordable rate but for a limited time.

This promotional offer is available on Model 3 purchases for one month, starting February 6, 2025, to March 7, 2025. However, the customers will have to take delivery before April 1, 2025.

0.99% APR is available for terms of up to 48 months with a $0 down payment. Meanwhile, the cost of borrowing will be $1,265 and a total obligation of $63,888.

Used vehicles and enterprise sales are not eligible for this promotion. Buyers will have to pay a $2,500 destination and documentation fee, a $100 air conditioning fee, and $20 tire fee, and applicable local fees.

Tesla Model 3 Quicksilver (image – Tesla)

Tesla Model 3 is listed with the following prices:

• Long Range Rear Wheel Drive at $59,990
• Long Rage All Wheel Drive at $68,990
• Performance All Wheel Drive at $79,990

These prices are bumped by $4,000 on February 1, 2025, which were previously:

• Long Range RWD – $55,990
• Long Range AWD – $60,990
• Performance RWD – $70,990

The financing tier includes the following monthly payments

• Long Range RWD – $1,172/month
• Long Range AWD – $1,363/month
• Performance – $1,597/month

Customers will have to make a $7,5000 down payment, and the 1.99% APR will be applied on terms over 48 months. Check more information here.

Tesla Model 3 0.99% APR financing (Source – Tesla)