<div id="readability-page-1">Tesla China has extended its five-year, zero-interest loan offer once more—this time to August 31, 2024. The incentive was announced on Tesla China’s official order pages for the Giga Shanghai-made Model 3 sedan and Model Y crossover. As could be seen in Tesla China’s order pages for the two Giga Shanghai-made vehicles, the five-year, zero-interest loan offer is available for the base Rear Wheel Drive (RWD) and mid-tier Long Range Dual Motor All Wheel Drive (AWD) variants of the reengineered Model 3 and Model Y. The top-tier Model 3 Performance and Model Y Performance are not included in the incentive. <figure> <figure><img width="939" height="1024" src="https://imageproxy.pbkrs.com/https://www.teslarati.com/wp-content/uploads/2024/07/model-3-china-zero-interest-939x1024.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.teslarati.com/wp-content/uploads/2024/07/model-3-china-zero-interest-939x1024.jpg"/></figure> <figure><img width="939" height="1024" src="https://imageproxy.pbkrs.com/https://www.teslarati.com/wp-content/uploads/2024/07/model-3-china-zero-interest-english-939x1024.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.teslarati.com/wp-content/uploads/2024/07/model-3-china-zero-interest-english-939x1024.jpg"/></figure> </figure> Tesla customers in China who wish to take advantage of the company’s five-year, zero-interest loan are advised to pay a downpayment of RMB 79,900 ($10,984) for a reengineered Model 3 RWD, which is listed with a starting price of RMB 231,900 ($31,880). With the program in place, the monthly payments for the base all-electric sedan are dropped to just RMB 2,533 ($348). Those who wish to purchase a Model Y RWD with Tesla China’s five-year, zero-interest loan offer are advised to pay a downpayment of RMB 79,900 ($10,984). With the incentive in place, the Model Y RWD, which has a starting price of RMB 249,900 ($34,354), would have a monthly payment of just RMB 2,833 ($389). <figure> <figure><img width="941" height="1024" src="https://imageproxy.pbkrs.com/https://www.teslarati.com/wp-content/uploads/2024/07/model-y-china-zero-interest-941x1024.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.teslarati.com/wp-content/uploads/2024/07/model-y-china-zero-interest-941x1024.jpg"/></figure> <figure><img width="941" height="1024" src="https://imageproxy.pbkrs.com/https://www.teslarati.com/wp-content/uploads/2024/07/model-y-china-zero-interest-english-1-941x1024.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.teslarati.com/wp-content/uploads/2024/07/model-y-china-zero-interest-english-1-941x1024.jpg"/></figure> </figure> Tesla China started offering a zero-interest loan offer for domestic customers in April 2024, though at the time, the electric vehicle maker noted that the incentive would only run until the end of Q2 2024. The company extended the incentive at the start of the third quarter, with Tesla China stating that the zero-interest loan offer would be extended until July 31, 2024. Considering the recent updates on Tesla China’s order pages for the Model 3 and Model Y, the zero-interest loan offer is being extended one more. The only difference this time around, as noted in a CNEV Post report, is that the Model 3 Performance and Model Y Performance are no longer covered by the incentive. With an annualized interest rate of 2.5% for the Tesla Model 3 Performance and Model Y Performance, however, both vehicles are still quite reasonable for the tech, safety, and power that they offer. Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up. The post Tesla China extends 5-year zero interest loan offer to August 31, 2024 appeared first on TESLARATI.</div>

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Tesla China has extended its five-year zero-interest loan offer for the Model 3 sedan and Model Y crossover until August 31, 2024. The offer is available for the base variants of the vehicles, while the performance models are excluded. Customers are required to make a downpayment of RMB 79,900 ($10,984) and enjoy reduced monthly payments.

- Tesla China has extended its five-year, zero-interest loan offer for the Giga Shanghai-made Model 3 and Model Y until August 31, 2024, as seen on the official order pages. The incentive applies to specific variants, excluding the top-tier Model 3 Performance and Model Y Performance.
- Customers in China interested in the offer need to make a downpayment of RMB 79,900 ($10,984) for the base Model 3 RWD and Model Y RWD, reducing monthly payments significantly. The zero-interest loan offer was initially set to end in Q2 2024 but has been extended multiple times.
- Despite the exclusion of the Performance models from the incentive, the Model 3 Performance and Model Y Performance remain attractive with a 2.5% annualized interest rate, offering compelling features in technology, safety, and performance.