Tesla China cancels 0% down financing offer after just three days

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

Are you buying a Tesla? If you enjoy our content and we helped in your decision, use our referral link to get a three month trial of Full Self-Driving (FSD).
Previous Article

VW expands electric lineup with ID.5 and ID.5 GTX electric crossovers

Next Article

Tesla currently allows FSD Beta for cars in the U.S., Canada, and China

You might be interested in …