Big incentives are back at Tesla (TSLA). That’s right! The electric company is back in the US with only second week into the new quarter. While this seems very attractive, there is a catch and a big one.
Tesla typically will intensify its offerings as the year goes on, with some amazing deals heading into the last quarter of the year. Tesla is now offering 0% financing in the fourth quarter of 2024. Interestingly, this is just a week after it ended its subsidized financing program.
When you go to Telsa’s website, you can see the company added the 0% APR offer on new Model Y and Model 3 orders in the US, per the screenshot below:
Big incentives like this is highly attractive to buyers, especially with the current high interest rate environment. While this offer is very attractive, it has big catch: Tesla is forcing its $8,000 Full Self-Driving (FSD) package to get the 0%. That’s right, you will be forced to purchase the Full Self-Driving software to get the 0% from Tesla on a new Model Y or Model 3 purchase.
This doesn’t come as a surprise given that Tesla wants to boost its FSD adoption, which is lower than the company would like to see. It went too far as to bring its price down to $8,000 from its original $15,000, which was inflated over time originally.
With Tesla’s new robotaxi well away and its event just a day away, it’s no surprise that Tesla is offering 0% financing to the masses with a purchase of FSD.
If this offer entices you, the new 0% API incentive is available with a 15% down payment on a 72-month financing term. At this time, we don’t know when what the timeline looks like for this offer, but given that it is the fourth quarter of 2024, the offer may not last too long.
