Tesla has extended its popular 5-year 0% interest financing offer in China. At the same time, the automaker has also introduced additional incentives for Model Y buyers. These initiatives are designed to boost end-of-year sales and maintain momentum into 2025 in one of the world’s largest, and most competitive, automotive markets.
Extended Financing Offer
Tesla announced on December 24 via its official Weibo account that the 0% interest financing program, previously set to expire on December 31, has been extended until January 31, 2025. This program applies to the two most affordable variants of both the Model 3 and Model Y.
To qualify, customers must make a down payment of at least ¥79,900 (C$15,700/US$10,900). The financing option allows buyers to spread payments over five years without incurring any interest, making Tesla’s vehicles more accessible to a broader range of consumers.
Originally introduced in April 2024, the 0% financing offer has been repeatedly extended month by month, signaling its effectiveness in attracting buyers. By extending it into the new year, Tesla is providing potential customers additional time to take advantage of this deal, likely aiming to counteract any seasonal slowdown in orders.
Final Payment Reduction for Model Y Buyers
Tesla also announced a new promotion offering a ¥10,000 (C$1,970/US$1,370) reduction on the final payment for buyers of existing inventory and show cars of the Model Y’s two most affordable trims.
This discount applies exclusively to the entry-level Rear-Wheel Drive and Long Range All-Wheel Drive versions of the Model Y. It excludes custom orders, demo vehicles, and official pre-owned cars.
This updated promotion builds on an earlier offer, which provided the same discount for orders placed before December 31. However, the updated terms only apply to inventory vehicle, highlighting Tesla’s efforts to boost deliveries as the year ends.
