With the end of Q1 approaching, Tesla has introduced new promotions for the Model 3 sedan aimed at enhancing delivery figures. The incentives include zero-percent APR financing, no initial payment, and 60-month terms for all trims in the U.S. Buyers need a minimum 15 percent down payment to qualify for the zero-percent APR option, which can be partially covered by the current federal tax credit. While these promotions are aimed at increasing sales, speculation surrounds the future of such government incentives as reports about potential changes in policy emerge.
Tesla is now offering three separate incentives for all Model 3 trims in the U.S., including zero-percent APR financing, $0 due at signing, and 60-month terms.
To qualify for the zero-percent APR deal, buyers must put down 15 percent, which can be funded through the federal tax credit, if eligible.
Tesla's push for additional promos at quarter end occurs regularly to enhance delivery numbers that impact the company's quarterly data.
The $7,500 federal tax credit remains available for the Model 3, with growing speculation about the possible elimination of such government incentives.
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