Tesla is wrapping up its December sales blitz with an enticing offer: 0% APR financing on new Model 3 and Model Y purchases. To qualify, orders must be placed by December 15, 2024, and vehicles delivered by December 31, 2024. This financing option, subsidized by Tesla, provides an eye-catching alternative to traditional discounts, appealing to buyers seeking to save on interest costs for significant loans.
Key Details of the 0% Financing Deal
The offer is available to well-qualified buyers with excellent credit and requires a 20% minimum down payment. The Model Y financing term extends up to 60 months, while the Model 3 is limited to 36 months. Additionally, the federal $7,500 EV tax credit will be applied to eligible purchases. However, Tesla emphasizes that this promotion could end or change at any time and excludes used vehicles and enterprise sales.
Stacking Up Incentives
Tesla sweetens the deal with more perks. Buyers can enjoy three months of free Supercharging and Full Self-Driving (FSD) capabilities for purchases completed by December 31, 2024. Furthermore, using a Tesla owner’s referral code provides an additional $1,000 discount, doubling the previous referral incentive of $500.
A Looming Deadline on Tax Credits?
The $7,500 federal EV tax credit may soon vanish if changes occur in the political landscape. Many analysts predict that if Republicans, led by Donald Trump, gain control of Congress, the credit could be eliminated. This potential policy shift makes December a crucial month for buyers hoping to lock in this significant incentive. Without the credit, Tesla may face challenges in maintaining its current pricing structure or achieving robust sales growth in the U.S. market in 2025.
Tesla’s Current Market Reality
Tesla’s U.S. sales strategy has shifted dramatically. Vehicles are readily available for immediate delivery, signaling a departure from the long wait times of the past. With global growth expectations between 20–30% for 2025, largely driven by the Cybertruck and refreshed models, Tesla faces a mixed outlook. In the U.S., the loss of the EV tax credit could hinder sales, though international markets like China and Europe offer more growth potential.
For those considering a new Tesla, now might be the best time to act, with the combination of financing deals, tax credits, and additional perks creating an unmatched value proposition.
