Tesla has rolled out a new financing offer for Canadian customers looking to purchase a Model 3. For a limited time, buyers can secure financing rates as low as 0.99% APR. This special promotion applies exclusively to new Model 3 orders placed by March 7, with delivery required by March 31.
Tesla announced the promotion though a post from the official Tesla North America account on X. According to the details on the online configurator, this financing offer provides buyers with a range of competitive interest rates based on the length of the loan term:
- 0.99% APR –36 and 48-month term
- 1.99% APR – 60 and 72-month terms
- 2.99% APR – 84-month term
- 3.49% APR – 96-month term
The 0.99% APR financing on a four-year term significantly reduces the cost of borrowing compared to standard auto loans, which are closer to the 5-5.5% range currently, potentially saving buyers thousands of dollars over the course of their loan.
Don’t forget that Tesla added the Model 3 back into the referral program this week, so you can also save $650 on your purchase with a referral link.
This financing offer comes as Tesla has recently raised prices on the Model 3, as well as lost the federal iZEV rebate after the program ran out of money.
The Model 3 now starts at C$59,990 for the Rear-Wheel Drive (RWD) version, while the Long Range All-Wheel Drive (AWD) is priced at C$68,990, and the top-of-the-line Performance variant at C$79,990.
For those considering a Model 3, this limited-time offer represents a strong opportunity to lock in favourable financing rates. However, the time-sensitive nature of the deal means that interested buyers must act quickly before the March 7 order deadline.
