Tesla has reintroduced a 0% financing offer in Germany, the second time it has done so in 2024. The reintroduction of the offer comes just two weeks after also relaunching the financing incentive in China.
According to an update to the Design Studio in Germany, the 0% financing offer is applicable on purchases of the Model Y Long Range All-Wheel Drive (AWD) and Performance variants delivered by the end of the second quarter, June 30, 2024.
According to the terms and conditions of the offer, a low 1.99% financing rate is also available on the Model Y Rear-Wheel Drive (RWD) purchased after April 16, 2024. There is no special financing rate available for the newly introduced LR RWD variant.
There is one catch however, the maximum term to take advantage of either the 0% or 1.99% financing rate is 48 months, or 4 years.
This isn’t the first time Tesla has offered 0% financing on Model Y purchases in Germany. In January when the company cut prices on its Model Y lineup throughout most of Europe, Tesla also offered 0% financing, but only in Germany.
While the 0% financing offer has yet to reach North American shores, despite calls for it in light of the high interest rate environment and slowing sales, Tesla is also offering it in China. Launched earlier this month, the offer in China is applicable to the Model 3 and Model Y, but also has some catches. Buyers can get 0% interest financing for three to five years, but only if their down payment is at least ¥79,900, or about C$15,000/US$11,000.
