Model 3: Free Supercharging & 0% APR Financing with FSD

Key Takeaways

1. Tesla has reintroduced 0% APR financing for the Model 3, with leases starting at $299/month and a 5% down payment required.
2. The $7,500 federal tax credit for electric vehicles is set to expire on September 30, prompting Tesla to boost demand with new promotions.
3. Buyers can only access the 0% APR financing if they purchase or transfer the Full Self-Driving (FSD) feature; otherwise, the rate is 2.49%.
4. Customers who buy a Model 3 from July 17 onward will receive 18 months of free Supercharging, offering potential savings.
5. Inventory Model 3s now include one complimentary upgrade option, such as free color or larger wheels, along with the same 18-month free Supercharging offer.

Tesla has unveiled several new offers for the Model 3 that are intended to last for a short period, although there is no specific end date mentioned in the details.

Financing and Leasing Options

The 0% APR financing option for the Model 3 sedan from last quarter has returned, with leases starting at $299 per month. This zero-interest financing is available for terms of up to 60 months and requires only a 5% down payment. Buyers can also apply their federal tax credit of $7,500, if they qualify.

This tax credit is set to expire on September 30, so Tesla is clearly pushing hard with promotions to boost demand before the government eliminates all electric vehicle subsidies.

New Incentives for Buyers

As Tesla expands its Robotaxi ride-share platform for current owners, it has also found a way to attract Model 3 buyers to opt for the Full Self-Driving (FSD) feature. The 0% APR financing rate is only available if they purchase FSD or transfer it from a previous vehicle. If not, the interest rate remains a low 2.49%, similar to the current promotion for the Model Y.

Since many Tesla enthusiasts are now leaning towards the new 2026 Model Y instead of the Model 3, the company is adding another appealing benefit to the financing offer. Buyers who purchase a Model 3 from July 17 onward can enjoy free Supercharging for the first 18 months, which could result in significant savings based on how much they drive.

Additional Offers and Discounts

These terms are even more favorable compared to the similar offer Tesla launched in Canada a few weeks ago, which only provided Canadian customers with one year of free Supercharging.

Additionally, Tesla is now extending the same complimentary upgrade option on inventory Model 3s that it has for the Model Y. Model 3 units listed in their inventory now come with one upgrade at no charge, whether it’s a free color or larger wheels.

For example, a fully equipped Model 3 Long Range Rear-Wheel Drive with a premium black and white interior and the larger 19″ Nova Wheels is priced at $44,990, which is $2,000 less than its usual price, matching the aggressive pricing of the Ultra Red color.

However, unlike the Model Y inventory, we didn’t find any interior upgrades available for the current Model 3 options, just free colors and wheels. The 18-month free Supercharging offer also applies to these inventory Model 3 vehicles.

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