Tesla is promoting a new financing scheme to attract buyers in the UK. The company is offering 0% APR for the Model 3 and Model Y, including Hire Purchases (HP) and Personal Contract Purchases (PCP).
0% APR finance for Model 3 & Model Y.
→ https://t.co/vcSFeXDd30 pic.twitter.com/Zf9m48Zlxa
— Tesla UK (@tesla_uk) July 10, 2024
Tesla buyers in the UK will be pleased with the company’s updated ordering page. They can now purchase Model 3 and Model Y with 0% APR, which means considerable savings in their monthly payments.
With the new financing program, Model 3 Highland PCP buyers could pay only £262 every month for 48 months for the Rear-Wheel-Drive version. However, there is a £11,600 down payment to consider. The deal is also available on the Long Range and Performance versions.
Tesla has capped annual mileage at 10,000 miles, and customers can choose part-exchanging, returning the car, or paying the balance to own the car.
Customers will pay only £307 per month for the Tesla Model Y after a similar deposit payment. The electric SUV has the same mileage cap and choices at the end of the four years.
Per a marketing email from Tesla UK, “Making Model 3 and Model Y more accessible, now available for 0% interest rate — Go ahead, take the road trip in Model 3 or Model Y this summer. With versatile cargo space, and up to 390 miles (WLTP) of range on a single charge, chances are you’ll need a break before your vehicle will.”
The promotion applies to new orders placed and delivered before the 30th of September.
Tesla has tried the 0% APR promotion in China, which has been extended to the end of July. Tesla also tried a low 0.99% interest offer in the US, but only for the Model Y.
However, there has yet to be a word on whether or when Tesla will bring the deal to Canada.
