<a href="https://autoglobalnews.com/new-mercedes-cla-vs-tesla-model-3-and-mg-the-battle-for-best-compact-ev/” style=”color:#1a73e8;text-decoration:underline;” title=”New Mercedes CLA vs Tesla Model 3 and MG: The Battle for Bes”>Tesla is aggressively pushing its entry-level Model Y with zero percent financing as the year winds down. The automaker hopes this offer will boost sales of the stripped-down version, which starts at $39,990.
Key Takeaways
- Tesla offers 0% APR on a Model Y Standard for up to six years with no down payment required.
- The offer requires a minimum credit score of 720 and a $2,069 initial deposit.
- Other upgrades like premium paint or larger wheels are being offered at no extra cost as part of the promotion.
Tesla’s latest financing deal for its Model Y Standard offers buyers six years of interest-free payments. However, it only applies to those with a strong credit score and who can make an upfront payment of $2,069 or more. The base price is set at $39,990.
Additionally, Tesla has started including free upgrades like premium paint options or larger wheels on some models in inventory as part of this end-of-year push to boost sales.
The Model Y Standard lacks features such as the panoramic glass roof and front light bar seen in pricier trims. Despite these omissions, it’s still more expensive than many competitors’ entry-level EVs.
Compared to other electric SUV options like the Ford Mustang Mach-E or Volkswagen ID.4, Tesla’s Model Y Standard offers fewer features but has a similar price point and range capabilities.
Frequently Asked Questions
What’s included in the financing deal?
The offer includes zero percent APR on 72-month terms for buyers with excellent credit scores. It requires a minimum down payment of $2,069.
Are there any free upgrades available?
Yes, Tesla is offering some existing inventory models with complimentary features such as larger wheels or premium paint finishes at no additional cost.
Tesla’s aggressive financing deal and extra incentives aim to boost sales of the Model Y Standard before year-end. With competitors also pushing their EV offerings, it remains to be seen if Tesla’s strategy will pay off.
