Tesla announces 0% interest rates on the Model Y in Sweden and France

Tesla Sweden and France have separately announced new interest rate promotions that make their new EVs even more affordable. The company now offers 0.0 percent on the Model Y and 1.99 percent on the Model 3 in both European countries.

In France Tesla offers a fixed nominal rate of 0.0 percent on the Model Y SUV and a floating nominal rate of 1.99 percent on the Model 3 sedan. The latter applies to the Rear-Wheel-Drive (RWD) and Long Range All-Wheel-Drive (AWD) versions.

However, buyers can only take advantage of the new interest rates on the 24 and 48 month financing terms on the first car allocated to them, and they must take delivery before the end of September.

Swedish buyers can choose from the base Model Y RWD, Long Range AWD, and Performance AWD. The electric SUV starts from DKK 554,170. In France, the Model Y starts from €36,990, with the option of a 2-seat model.

With the new interest rates, the Model Y is now less expensive than many second-hand cars in Sweden, including even 3-year-old Teslas, according to CarUp. Tesla owners could end up making half the monthly payments of a new Volvo XC60.

Tesla started offering 1.99 percent interest rates on the Model Y in Canada last month.

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