- Tesla offers 0% APR financing and $0 introductory leases in the US.
- Free paint, wheel and interior upgrades are on the table
- Aggressive sales tactic is an attempt to change stock
Tesla has unleashed a wave of attractive incentives across North America in hopes they will boost sales and help shift stock before the end of 2025.
Quarterly results have always been important for the electric vehicle giant, but recent earnings calls have not been as positive as in previous years as sales have fallen in key markets such as China and Europe.
It looks like the company is doing everything it can to boost sales at the end of the fourth quarter, with attractive offers including a “free premium upgrade,” according to Electrek. This includes things like free premium paint, larger alloy wheels and the option to opt for a white interior.
Financing offers are also being made to potential punters working on tight budgets, with the company offering 0% APR financing for up to 72 months on Model 3 and Model Y purchases.
There is also the option of $0 down lease deals for those looking to get into a monthly payment program. Before this year-end push, Tesla required leasing customers to put down $3,000 to access the most favorable lease deals. It’s not like that now.
However, Tesla has been known to push incentives like this in the past to turn around the stock and boost quarterly earnings results. Free supercharging over a period of time, free or cheap full autonomous driving, and deep discounts on existing inventory have all been used as sales drivers.
Further offers
Tesla isn’t just getting to work in North America, as it also announced last week that it had added a Model Y Standard to its product line-up in the UK, replacing the rear-drive Model Y, with deliveries expected early next year.
This most basic offering starts at £41,990 or £299 per month, making it one of the cheapest Model Ys to go on sale in the UK and bringing the price down to a point where it now competes with some of the more expensive but much smaller Model 3s.
While the Model Y Standard takes some steps by slimming down the audio system, eliminating the rear row touchscreen, and covering the panoramic glass roof, it still offers the refreshed look of the 2025 car, offers a maximum range of 314 miles, and a perfectly acceptable 0-60 mph time of 6.9 seconds.
Whether or not this will change Tesla’s fortunes remains to be seen, especially considering that popular models such as the Skoda Enyaq, Smart #5 and Renault Scenic cost less than Tesla’s more aggressive offerings in the UK, while competition from China attacks from all angles.
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