Tesla outs record low Model Y 0% APR financing deal as it drops the FSD purchase requirement

Tesla has introduced one of the best Model Y deals it's ever offered with 0% APR loan rate financing without the requirement to purchase the FSD feature.

This brings the Model Y RWD monthly payments to $581 with just 8% or $3,999 down for a 60-month term after the federal tax credit. The 72-month offer is still with 0.99% APR rate, while the 84-month term rate is 2.99%.

This essentially makes the 5-year Model Y financing rate at zero percent interest the best offer that Tesla has ever had for its most popular vehicle, but it has a good deal on the Model 3, too.

Tesla's cheapest car is now available at 0% APR financing loan rate as well, but for the shortest, 36-month term:

Tesla is giving 0% APR promotional rate available for well-qualified buyers with excellent credit who order a new Model 3 on or after October 21, 2024. Available only for 36-month term and requires a minimum down payment of 20% ($7,500 Federal tax credit will be applied, if eligible). Monthly payment of $27.78 per $1,000 financed at 0% for 36 months. Not all applicants will qualify. Promotion is subject to change or end at any time, and cannot be applied retroactively. Used vehicles and enterprise sales not eligible.

Thus, the base Model 3 RWD with the longest 363-mile range can now be had at an $899 monthly payment for three years with the same $3,999 down.

Tesla is leaving its best financing terms for the Model Y this time around, as not only is the SUV its bestselling vehicle, but its Juniper facelift seems to be just around the corner, too. Tesla reportedly starts trial Model Y Juniper production at its Gigafactory in Shanghai today, and should be releasing the Juniper facelift next quarter, at least in China.

This might be why, after toying around with higher APR loan rates, zero down payments, or FSD purchase requirements, it has straight down introduced a 0% financing rate for the Model Y without a deal expiration deadline.

Seeing as this is one of the best Model Y deals that Tesla has ever offered, it might rack up record quarterly shipment numbers despite that the Juniper refresh release nears.

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