When will there be a 0% financing option for the Tesla Model 3?

For the past two weeks, the Tesla Model Y has benefited from a 0% loan. Is this planned for the other models of the manufacturer?

We will avoid any nasty suspense and answer the question before explaining why. The 0% loan is not immediately planned for the Model 3, S, and Y, but it is not excluded in the short term.

The 0% Financing Sale is offered by Tesla and its financial partner Crédit Agricole Auto Bank, for any order and delivery before 09/30/2024 of a Tesla Model Y Propulsion, Long Range All-Wheel Drive, or Performance, and only these three models. It’s quite logical since the Model Y Propulsion Long Range is selling very well and does not need any push, especially because the current generation Y is in its last hours before the arrival of the new model codenamed “Juniper” in 2025. Therefore, current stocks need to be cleared, and what better way to do that than with a fantastic financial offer. Because a 0% loan is a real plus! You buy a car for 40,990 euros after deducting the bonus, and you can spread its financing over a maximum of 48 months with no additional fees. With an interest rate of 5%, it would cost you more than 5,000 euros. We explained why in a previous article: 0% Credit at Tesla. For which cars and under what conditions?

For all other Teslas, the fixed APR is 7.22%. But in the United States, it’s common to see Tesla apply 0% rates to facilitate the sale of certain models. This is the first time the manufacturer has used this method in France, but it has long been part of their practices across the Atlantic. Behind this Tesla France operation, we can guess a trial that, if successful, will certainly be extended and broadened. It’s worth noting that Crédit Agricole Auto Bank is the new financial partner of Tesla France, replacing Santander. What could be more normal than having a little trial period to cement a lasting long-term union?

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