Tesla Offers 0% Financing on Model 3
Tesla’s cheapest model is getting even more affordable — for some buyers. After introducing a 0% financing incentive in late 2024, Tesla is once again offering a 0% interest rate to buyers who finance a Model 3 sedan over 60 months, or a 0.99% APR to those who take a 72-month loan. Adding urgency to shoppers’ decisions, Tesla has not given an end date for this promotion.
Related: 2024 Tesla Model 3 Review: My, How You’ve Improved
The offer is only available to “well-qualified buyers with excellent credit,” the latter term typically being defined as having a credit score of 800 or higher. It requires a minimum down payment of 15% (so, $6,374 on a base Long Range rear-wheel-drive Model 3) plus taxes and fees. Some buyers, however, may not need to make any out-of-pocket down payment at all. Since all versions of the Model 3 fall under the $55,000 base price cap for the federal EV tax credit, buyers who qualify can apply the credit toward their down payment. In order for buyers to qualify to receive the credit, household income can be no higher than $150,000 for individuals, $225,000 for heads of household or $300,000 for joint tax filers.
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Shop the 2025 Tesla Model 3 near you
Reclaiming Tarnished Glory
Tesla gave the Model 3 a light refresh for the 2024 model year, but the Model Y SUV just received a more comprehensive update for 2025, and the Model S and Model X are scheduled for a similar treatment soon. Model 3 sales took a huge dive in 2024, falling to about 145,000 from nearly 230,000 the year before. The company could be looking to fuel a rebound with this offer, or it might be hoping to pad its sales figures ahead of some impending change to or cancellation of the tax credit.
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