Long a darling of the automotive industry and investors alike, Tesla is facing perhaps its biggest challenge yet. The electric vehicle manufacturer’s stock price has been falling in recent days, people are boycotting the brand, owners are ditching their Teslas, and people are protesting the company’s CEO, Elon Musk, not only because of his controversial gesture at President Trump’s inauguration, but also because of his questionably legal attempt to slash the federal government. Against this troubling backdrop, Tesla just brought back 0 percent financing for the Model 3 sedan in an effort to boost sagging sales.
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Two Great Deals, One Good EV
As reported by Electrek, this deal is valid in the U.S. and applies to the Model 3 battery-powered sedan. Orders have to be placed after March 3, 2025 to be eligible for 0 percent financing. Additionally, a minimum down payment of 15 percent is required, though reading more of Tesla’s fine print shows, “If you qualify for the $7,500 federal tax credit, this amount can be used towards your down payment,” something that can, obviously, save drivers a huge chunk of change.
For customers that don’t want to shell out a big pile of cash up front, they can opt for 0.99 percent financing for 60 months if they qualify for the abovementioned $7,500 federal tax credit. As Tesla points out, though, not all drivers will be eligible for this offer, which is “subject to change or end at any time, and cannot be applied retroactively,” so act fast if you want one of these all-electric sedans and the updated pricing fits your budget.
Choose The Trim Level You Want
All Model 3 trim levels appear to be eligible for these two financing deals, from the base, Long-Range Rear-Wheel Drive variant, to the midrange version with all-wheel drive, to the hopped-up Performance All-Wheel Drive model. Unfortunately, 0 percent financing does not seem to apply to any other Tesla models at this time. If you want a great deal on the Model Y or Model X SUVs, or the Cybertruck, you’ll have to keep waiting.
Before any potential discounts or five years of estimated fuel savings, the base Model 3 starts at around $44,130. The Long Range All-Wheel Drive model should go for $49,130, and the top-shelf Performance variant, which has an EPA-estimated 298 miles of range and can rocket from 0 to 60 mph in as little as 2.9 seconds, is priced at right about $56,630. All those prices listed above include $1,390 in destination fees and a $250 order fee.
