Tesla Reintroduces 0% APR Financing for Model 3 in the U.S.
- Learn My EV
- 13 minutes ago
- 2 min read
Friday, April 25th, 2025, updated at 12:15 AM
In a strategic move to bolster electric vehicle sales, Tesla has reinstated its 0% APR financing offer for the Model 3 sedan in the United States. Effective April 24, 2025, this promotion aims to make EV ownership more accessible amid increasing market competition and evolving consumer preferences.
Current Financing Offers:
0% APR for 60 Months: Available to well-qualified buyers with excellent credit, typically defined as a credit score of 800 or higher. This offer requires a minimum down payment of 15%, which can be offset by the $7,500 federal EV tax credit if the buyer is eligible.
0.99% APR for 72 Months: Provides a longer loan term with a slightly higher interest rate, offering flexibility for buyers seeking lower monthly payments.
Historical Context:
Tesla previously offered a 0% APR financing deal for the Model 3 and Model Y in late 2024. This promotion began in October and was scheduled to end on December 15, 2024, with the stipulation that buyers take delivery by December 31, 2024.
The reintroduction of the 0% APR offer in April 2025 suggests Tesla's ongoing efforts to stimulate demand and maintain its competitive edge in the EV market.
Eligibility and Considerations:
Credit Qualification: These financing rates are available to buyers with excellent credit scores.
Federal Tax Credit Eligibility: To utilize the $7,500 federal tax credit towards your down payment, you must meet specific income thresholds: up to $150,000 for individuals, $225,000 for heads of household, and $300,000 for joint filers.
Promotion Duration: Tesla has not specified an end date for these offers, indicating they are available for a limited time and may change without notice.