- Tesla offers 0% APR financing and $0 down leases in the US
- Free paint, wheel and interior upgrades are on the the table
- Aggressive sales tactic is a bid to shift stock
Tesla has unleashed a wave of enticing incentives in North America with a hope that they will drum up sales and help shift stock before 2025 closes out.
Quarterly results have always been important for the EV giant, yet recent earnings calls haven’t been as positive as past years, seeing as sales have dropped in key markets, such as China and Europe.
It appears the company is pulling out all the stops to push sales at the end of Q4, with enticing deals that include a “Free Premium Upgrade”, according to Electrek. This includes things like free premium paint, larger alloy wheels and the option to plump for a white interior.
Finance offers are also being dangled in front of potential punters working to tight budgets, with the company offering 0% APR financing for up to 72 months on Model 3 and Model Y purchases.
There’s also the option of $0 down lease deals for those looking to get into a monthly payment program. Prior to this end-of-year push, Tesla required lease customers to put down $3,000 to access the most favorable lease deals. Not so now.
However, Tesla has been known to push incentives like this in the past in order to shift stock and plump up those quarterly earnings results. Free Supercharging for a period of time, cheap or free Full Self-Driving and big discounts on existing inventory have all been used as drivers of sales.
Deals further afield
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 UK product line up, replacing the Model Y Rear Wheel Drive, with deliveries expected early next year.
This more basic offering starts at £41,990 or £299 a 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 cuts a few corners by slimming down the audio system, removing the rear-row touchscreen and covering the panoramic glass roof, it still offers the refreshed look of the 2025 car, delivers a max range of 314 miles and a perfectly acceptable 0-60mph time of 6.9 seconds.
Whether or not this will turn Tesla’s fortunes around is yet to be seen, especially seeing as popular models like the Skoda Enyaq, Smart #5 and Renault Scenic cost less than Tesla’s most aggressive offers in the UK, while competition from China is attacking from every angle.
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