Tesla launches 0.99% APR financing for Model 3 and Model Y Trims

Tesla has launched a new financing promotion in the US, dropping rates to just 0.99% APR on loans up to 72 months for the Model 3 and select Model Y variants. This marks a reduction from the previous 2.99% APR, making Tesla’s best-selling electric vehicles more accessible than ever.

The offer now covers all new Model 3 orders, including the Rear-Wheel Drive, Premium Rear-Wheel Drive, Premium All-Wheel Drive, and Performance trims.

The same 0.99% rate applies to new Model Y Premium Rear-Wheel Drive and Premium All-Wheel Drive models. This move highlights Tesla’s strategy to stimulate demand through attractive financing in a competitive EV market.

The official Tesla website confirms low-APR promotions for both models, with some configurations showing rates as low as 0% on select Model Y trims. These limited-time offers apply only to new vehicle orders in the U.S. and can substantially reduce monthly payments over the loan term.

Source – Tesla

Current U.S. Pricing for Qualifying Trims

Model 3 (all trims eligible for 0.99% APR):

• Rear-Wheel Drive – starting at $36,990 (321 miles EPA est. range, 5.8 sec 0-60 mph)
• Premium Dual Motor All-Wheel Drive – starting at $42,490 (346 miles EPA est. range, up to 185 miles added in 15 minutes charging)
• Performance – starting at $54,990 (510 hp, 2.9 sec 0-60 mph, 163 mph top speed)

Model Y (Premium trims eligible for 0.99% APR):

• Rear-Wheel Drive (Standard Range) – starting at $39,990 (321 miles EPA est. range, 6.8 sec 0-60 mph)
• Premium All-Wheel Drive – starting at $44,990 (294–327 miles EPA est. range, 4.6 sec 0-60 mph)

Additional site-wide incentives include 2,000 free Supercharging miles for trading in a gas or hybrid vehicle, which expires two years after delivery. Combined with these financing deals, both the Model 3 and Model Y offer compelling value for buyers seeking cutting-edge electric mobility.

Note: These prices and offers are for the U.S. market.