After launching its Model 3 and Model Y with 0% APR financing, Tesla is expanding that offer to its accessory and parts shop as well.
New Financing Options
The Tesla Shop has partnered with Klarna to allow customers to make four equal monthly payments without any interest on almost all products available in the store. This means you can purchase Tesla's $550 universal home charger for just $137.50 each month, or get the newly available Cybertruck wiper blade for $18.75 monthly.
Replacement Parts for Cybertruck Owners
The Gigawiper is a distinct feature of the Cybertruck that many owners found difficult to replace without going through Tesla's service centers. However, as Cybertrucks become more common on roads and a year has passed since their debut, Tesla has added replacement Gigawipers to its store.
Klarna's payment options are widely recognized across many online retailers, and the fintech company is so prominent that it is looking to file for an IPO in the US soon.
Interest Rates and Payment Plans
If you prefer to extend your payment beyond the four installments, be prepared for a hefty interest charge, as Klarna needs to profit somehow. However, as long as you stick to the four-month plan, you won't incur any interest.
For pricier items in the Tesla Shop, like the $5,000 Model Y Clear Paint Protection Film, Klarna will apply an interest rate based on your credit score from the start, since these loans aren’t available for the four equal payment method.
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