Tesla has introduced a new financing offer for the Model 3 in the United States, while Canada’s financing offer on the electric sedan expires on Friday.
Tesla Model 3 Financing In The U.S.
As of March 3, 2025, new Model 3 orders qualify for 0% APR financing for 60 months with a 15% down payment. Alternatively, buyers can opt for a $0 down payment and receive a competitive 0.99% APR for the same 60-month term.
This offer presents a significant opportunity for prospective buyers, particularly when combined with the US$7,500 federal tax credit. Customers who qualify for the tax incentive can apply it directly to their down payment, further reducing the upfront cost of their purchase.
$0 due at signing also available
— Tesla North America (@tesla_na) March 4, 2025
For buyers who prefer a longer loan term, Tesla is offering 0.99% APR financing on 72-month loans. While this rate is slightly higher than the 0% APR available for 60 months, it provides more flexibility for those looking to lower their monthly payments.
These financing promotions are available on all Model 3 trims.
Tesla Model 3 Financing in Canada
While the U.S. gets these aggressive financing offers, Tesla’s Canadian customers also have access to special rates, albeit with different terms. First introduced last month, the low interest rates are still available for new orders placed by March 7, and delivered by March 31, 2025. If you meet those dates, Tesla Canada is offering promotional APR rates on Model 3 financing, including:
- 0.99% for 36- and 48-month loan terms
- 1.99% for 60- and 72-month loan terms
- 2.99% for 84-month loan terms
- 3.49% for 96-month loan terms
Although the Canadian financing rates are not as low as the 0% APR offered in the U.S., they still represent a competitive option compared to posted interest rates, which are currently hovering around 5%.
