Tesla China announced earlier this week a number of new financing options for anyone looking to buy a new car.
Called “Tesla Financial Leasing”, one of the most attractive offers was the ability to finance your purchase with no money down.
The financing options were added to the Design Studio, allowing customers to select which one best suited their needs.
After just three days of being available on the website, Tesla has pulled the 0% option, instead making customers put down a minimum of 10% of the purchase price.
The reason for the abrupt change was an influx of new orders, which the automaker feared would push delivery timelines too far into the future, ultimately creating a negative experience for new customers.
The other offers included in the Tesla Financial Leasing are still available. These include:
- 1 year payment term with a 50% down payment, followed by the final 50% payment after 1 year
- 3 or 5 year payment term with a 20% down payment, following by a 30% payment after the term
Tesla #China cancels 0% down payment, changes to 10%, cites order surge threatening to increase delivery time.
— Moneyball (@DKurac) November 4, 2021