Tesla Offers 0% Financing in Germany, and It Changes Everything

Following the disappearance of the eco bonus in Germany, Tesla Model Y sales get complicated, leading to the 0% credit offer.

Money has lost its value, as we have known for several years now and during the Covid pandemic. While interest rates have skyrocketed, Tesla is taking the lead to bring it down to 0% in Germany, covering the difference itself. In France, this rate is currently 6.25%.

You might think the gift is minor, but that’s far from the case. Just look for yourself. We will take exactly the same data in terms of model, down payment, annual mileage, and duration.

Model : Model Y Propulsion at 42,990 euros (the same price in France and Germany)

Down payment : 5,000 euros (the amount of the eco bonus in France)

Mileage : 10,000 km per year

Duration : 60 months or 5 years

Lease Simulation

Lease with Purchase Option is a good solution to avoid being burdened with a rapidly outdated electric car, as technology advances quickly these days.

The difference between Germany and France here is staggering. On the German side, the first rent will be 5,375 euros, the remaining 58 will be 333 euros/month, and the final installment will be 19,346 euros if you wish to keep the Model Y Propulsion.

Final Price in Germany : 44,035 euros

In France, the first rent will be 5,000 euros (reduced to 0 with the bonus), then 59 rents of 482.50 euros. The buyout option afterward will be 18,486 euros.

Final Price in France : 51,953 euros, or 46,953 euros with the initial bonus

Germany – France Difference : -2,918 euros!

It remains to be seen whether Tesla would risk offering this 0% interest rate in France and other countries. This scheme is very costly since banks do not lend this money to Tesla without a return. The American manufacturer must therefore cover the difference.

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