Tag: 0% APR Financing

  • Tesla Model Y Discounts: APR Financing & Free Options Available

    Tesla Model Y Discounts: APR Financing & Free Options Available

    Key Takeaways

    1. Tesla is offering 0% APR financing for the RWD Model Y standard and reducing interest rates for Premium versions to attract buyers.
    2. Customers can select one free options upgrade due to increased inventory levels, including choices like larger wheels and complimentary color options.
    3. Tesla has reduced the price of Model Y Premium units by $2,000 to boost inventory turnover and Q4 shipments.
    4. Additional price adjustments have made Model Y deals more attractive, with discounts also available for Model Y Standard.
    5. The Tesla Universal Wall Connector with a 24′ cable is available for purchase on Amazon.

    Tesla is gearing up for the holiday season by rolling out various deals and incentives, hoping to counteract the dip in sales that followed the end of the federal tax credit in late September.

    New Financing Options

    Recently, the company unveiled a popular 0% APR financing offer for the RWD Model Y standard. They also reduced the interest rates for the Premium versions, making them more appealing to buyers.

    Inventory Boost

    In response to increasing inventory levels, Tesla is giving customers a chance to select one free options upgrade. This could include larger wheels, a white interior, a complimentary color choice, a tow hitch, or any other add-ons available for vehicles currently in stock.

    Price Reductions

    To accelerate inventory turnover and boost Q4 shipment figures, Tesla has slashed $2,000 off the price of Model Y Premium units in their inventory. For instance, there’s a Model Y in Ultra Red with 19-inch Crossflow wheels and a black interior, originally priced at $44,990, now available at a $2,000 discount due to the red paint option being included for free.

    In addition to the $2,000 reduction, Tesla has now applied another $2,000 as a “price adjustment,” making this one of the most attractive Model Y inventory deals seen in some time. Discounts are not only limited to Premium trims; the Model Y Standard is also included, which is currently benefiting from the 0% APR financing offer.

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  • Tesla Launches 0% APR Financing on Model Y for Holiday Sales

    Tesla Launches 0% APR Financing on Model Y for Holiday Sales

    Key Takeaways

    1. Tesla has reintroduced a 0% APR financing option for the Model Y Standard version to boost sales.
    2. The Model Y can be leased for $529 per month with a $3,300 down payment over 72 months.
    3. Tesla is offering free interior or exterior upgrades and has reduced financing rates for Premium Model Y trims.
    4. The introduction of the 0% APR financing aims to maintain demand after the $7,500 federal tax credit expiration.
    5. The lower-priced Standard trim has fewer features but may attract buyers due to the financing offer, potentially shifting consumer interest.

    Tesla has reintroduced its highly sought-after Model Y offer, presenting a 0% APR financing option for the Standard version that just hit the market in the US.

    Monthly Payment and Down Payment Details

    Currently, the Model Y can be leased starting at $529 per month, which requires a down payment of $3,300 over a 72-month term. Furthermore, Tesla has also reduced the APR financing rates for the Premium Model Y variants.

    This strategy appears to be aimed at boosting shipment figures as the first quarter wraps up, especially since Tesla’s sales have not been supported by the $7,500 federal tax credit that ended in September.

    Financing Offers and Demand

    This is the first time in a while that Tesla is offering a zero-interest financing option for the Model Y, marking a significant deal for the newly introduced cheaper Standard RWD trim that debuted in October. The introduction of both the least expensive and the priciest Model Y Performance trims aimed to maintain demand in light of the federal tax credit’s expiration; however, it seems sales may still require some encouragement through zero-interest financing.

    In the arsenal of Tesla’s Model Y deals, this 0% APR is considered a powerful tool, as it has consistently resonated with consumers whenever it has been presented to stimulate sales. In addition, Tesla is continuing its offer of free interior or exterior upgrade options for available Model Y inventory and has reduced the financing rates for the Model Y Premium RWD and AWD versions by one percentage point.

    Impact on Sales

    It remains unknown if the 0% APR financing for the Model Y Standard will significantly impact sales figures. The Standard trim lacks over 20 features in design and specifications that the Premium models include, yet it is only priced $5,000 lower.

    Tesla attempted a similar strategy with the RWD Cybertruck, but the cheaper trim saw little interest and was quickly phased out. With the current 0% APR financing for the base Model Y, however, the gap in monthly payments compared to the Premium trims, which are available at a 2.99% APR, has widened considerably. This could potentially lead to a shift in consumer interest as the holiday quarter approaches.

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  • 0% APR for 72 Months on 2025 Kia Niro EV – Limited Time Offer

    0% APR for 72 Months on 2025 Kia Niro EV – Limited Time Offer

    Key Takeaways

    1. Kia is offering 0% APR financing for up to 72 months on the 2025 Kia Niro EV.
    2. The special financing offer is only for brand new 2025 Kia Niro EVs and must be completed by August 4.
    3. The starting price for the 2025 Kia Niro EV is $39,600, with an estimated driving range of 253 miles.
    4. The Kia Niro EV features 201 hp, 188 lb-ft of torque, and includes advanced tech like a 20-inch Dual Panoramic Display and support for Apple CarPlay and Android Auto.
    5. The Kia Niro EV does not qualify for the $7,500 federal EV tax credit, which is set to expire in September.

    Kia is having awesome summer deals that let people get behind the wheel of an electric vehicle for a really low price. The automaker is providing no-interest financing for the 2025 Kia Niro EV.

    Great Financing Offers

    This electric compact crossover SUV comes with a 0% APR for up to 72 months. This means that buyers could end up paying just $13.89 for every $1,000 they finance on this chic and efficient electric vehicle.

    This special offer is only available through Kia Finance America for buyers who qualify. Approval will depend on a credit check and availability at participating dealers, so it’s important to hurry if you want to take advantage of this deal.

    Important Deal Details

    The 0% APR offer is only for brand new 2025 Kia Niro EVs. The vehicle must be taken from retail stock, and all paperwork has to be completed by August 4.

    Potential buyers should be aware that the Kia Niro EV does not meet the requirements for the $7,500 federal EV tax credit, which is about to expire in September.

    Specifications and Features

    The starting price for the 2025 Kia Niro EV is $39,600. It comes in two trim options: Wind and Wave. This 5-passenger compact SUV offers an estimated driving range of 253 miles using a 64.8 kWh battery. You can also charge it using Tesla’s Superchargers with a NACS adapter. Additionally, the V2L capability allows the vehicle to power laptops, electric bikes, or camping gear.

    In terms of performance, the Kia Niro EV generates 201 hp and 188 lb-ft of torque. Other notable features include 22.8 cu-ft of cargo space, a 20-inch Dual Panoramic Display for settings and navigation, a 10-inch Head-Up Display (HUD), and support for Apple CarPlay and Android Auto, among other things.

    Final Note

    Disclaimer: Notebookcheck cannot be held accountable for any price changes made by sellers. The discounted price or offer mentioned in this article was valid at the time of writing and may be limited by time or availability of units.

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

    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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  • Tesla Model 3: 0% APR Financing, Free Colors & White Interior

    Tesla Model 3: 0% APR Financing, Free Colors & White Interior

    Key Takeaways

    1. Tesla has reintroduced a 0% APR financing option for the Model 3 to boost sales amid competition from the Model Y.
    2. The new financing terms are more flexible, offering 0% APR for 3-year, 4-year, and 5-year loans with a 15% down payment.
    3. Buyers can use the federal tax credit as part of the down payment, and the promotional rates are available for well-qualified buyers after April 24, 2025.
    4. Purchasers of the Model 3 Performance version will receive $2,000 worth of additional options for free, enhancing the vehicle’s appeal.
    5. The FSD transfer offer remains available for those upgrading from older Model 3s to the latest hardware for unsupervised FSD capabilities.

    The last time Tesla presented a 0% APR financing offer, it was attempting to enhance Model 3 sales, which were declining due to the new Model Y launch and general issues with the brand.

    New Financing Terms

    Now, the 0% APR financing option for the Model 3 is back, and it’s accompanied by more attractive conditions and some added perks. Previously, last month, the zero interest rate financing was restricted to a 5-year loan with a 15% down payment, even though sales of the electric sedan had dropped leading up to the Model Y Juniper refresh.

    Expanded Financing Options

    The sales of the Model 3 may still need a boost, as Tesla is rolling out a much broader 0% APR financing offer. This time, the zero interest financing is available for all popular loan terms: 3-year, 4-year, and 5-year.

    Buyers of the Model 3 still need to pay at least 15% of the car’s price upfront, but they can utilize the federal tax credit discount for their down payment, Tesla mentions. The company clarifies that these are “promotional rates valid for well-qualified buyers with excellent credit who order Model 3 after April 24, 2025,” indicating that the 0% APR financing might extend until the end of the quarter, similar to the new free FSD transfer offer.

    Special Offers for Model 3 Performance

    To make the deal even better, those purchasing the high-end Tesla Model 3 Performance version will receive $2,000 worth of options at no additional cost. This includes the Deep Blue Metallic and Pearl White multi-coat colors, as well as a black and white interior, each valued at $1,000, when buying a Model 3 Performance.

    Instead of providing a direct $2,000 discount like it does for the new Model Y for buyers coming from older legacy models, Tesla is offering these options for free. However, the FSD transfer offer is still available for those upgrading from an older Model 3 to the HW4 suite of cameras and computer, which will allow operation of unsupervised FSD without any retrofitting.

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  • Tesla boosts 0% APR financing on Model Y, top-selling EV in China

    Tesla boosts 0% APR financing on Model Y, top-selling EV in China

    Key Takeaways

    1. Tesla sold 43,370 units of the updated Model Y in March, becoming the top seller of electric vehicles in China.
    2. The company recorded 23,000 new Model Y sales in one week, marking its third-highest sales week in China.
    3. Tesla increased the price of the AWD Model Y by around $1,380 due to longer delivery times, while the RWD version had shorter wait times.
    4. A 0% APR financing offer has been extended to all trims of the Model Y in China until the end of April, aiming to sustain sales momentum.
    5. Tesla’s sales in Europe may face challenges, with upcoming Q1 delivery figures expected to show weaker performance outside of China.

    Tesla has emerged as the leading seller of electric vehicles in China, having delivered an impressive 43,370 units of the updated Model Y in March.

    Strong Sales Week

    In just the past week, Tesla recorded sales of 23,000 new Model Y cars, based on insurance registration data, making it their third-highest sales week since they began operations in China. To maintain this strong sales trend, Tesla has broadened its 0% APR financing offer for the RWD Model Y facelift, now including the non-Launch Series AWD variant, which has been available in China since February.

    Delivery Times and Pricing Adjustments

    Normally, Tesla’s sales mix is about 80% RWD models in that market. However, last month saw longer delivery times for the AWD Model Y, prompting a price increase of around $1,380 to balance demand with production output from Giga Shanghai. At that time, the RWD trim had a delivery window of just 2-4 weeks, while the AWD orders were facing wait times of 6 to 10 weeks. With the introduction of the 0% APR financing for the RWD version, Tesla successfully boosted orders, allowing them to reduce the AWD delivery timeframe to 3-5 weeks.

    Financing Offers Extended

    Even though the pricing for the dual-motor Model Y facelift remains unchanged, Tesla has now applied the same 0% APR financing offer to the AWD model too. This financing deal for all trims of the Model Y in China will be available until the end of April, set for a 36-month payment term. Tesla seems eager to keep the sales momentum rolling into the second quarter, despite having already served many early adopters of the new Model Y.

    In contrast, Tesla’s sales in Europe might be facing challenges, possibly linked to Elon Musk’s political activities. However, the upcoming quarter could clarify if this is indeed the reason for the dip in demand, or if potential buyers are simply waiting for the new Model Y refresh to hit the market.

    Regardless of the cause, Tesla is scheduled to release its Q1 delivery figures on April 2nd, and those numbers are anticipated to be less impressive outside of China.

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    Tesla boosts 0% APR financing on Model Y, top-selling EV in China
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