Tesla Launches Limited-Time Car-Buying Promotions

Tesla has unveiled its latest car-buying promotions, offering discounts and financing options for purchasing two of its models: the Model 3 and the old-generation Model Y.

The promotion is valid until February 28th. The limited-time offer allows customers to continue enjoying a five-year 0% interest financing scheme when buying either the Model 3 or the old-generation Model Y, provided that a purchase is made during this time frame.

For the Model 3, the promotion includes a 0% interest loan option with a maximum loan duration of five years. The minimum down payment required is 7.99 yuan (approximately $1,100 USD), with monthly payments of 2,593 yuan. This offer can be supported by multiple banks offering financing services.

The old-generation Model Y has also been included in the promotion, offering its two variants – the rear-wheel drive version and the full-width drivetrain model – eligible for a five-year loan period, with the same minimum down payment and monthly payments as those of the Model 3 (2,667 yuan). Notably, only these two versions are currently available on Tesla's official website, leaving other variants unlisted.

In contrast, the new-generation Model Y operates under a lower-interest financing scheme, without any 0% interest option. The minimum down payment required for this model is about $3,952 (36.5 million CNY), with up to five-year loan tenure and an annual interest rate of 2.5%. Monthly payments for this model would be approximately $4,199.