<div id="readability-page-1"><blockquote><ul><li>Tesla has begun offering ultra-long-term low-interest financing for its EVs in China to offset the impact of the newly implemented purchase tax.</li><li>Tesla also provides a 5-year zero-interest financing option, extending this incentive to the Model Y L for the first time.</li></ul></blockquote><figure id="attachment_134729"><img src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/01/2026010612561713.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1600" height="900" original-src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/01/2026010612561713.jpg"/><figcaption id="caption-attachment-134729">(File photo shows a Tesla Model 3. Image credit: CnEVPost)</figcaption></figure><p>Tesla (NASDAQ: TSLA) has begun offering ultra-long-term low-interest financing for its entire lineup of locally produced vehicles in China to offset the negative impact of the newly implemented purchase tax.</p><p>The US electric vehicle (EV) maker announced today that Chinese customers purchasing a Model 3, Model Y, or Model Y L by January 31 can enjoy ultra-low-interest financing for up to 7 years.</p><p>This marks the longest-term financing plan offered by an automaker in China to date. Compared to the standard annualized rate of 2.50%, it enables consumers to save up to RMB 33,479 ($4,790).</p>    <div>        <p><span>Join us on </span>            Telegram            <span> or </span>            Google News        </p>    </div><p>Under this program, the annualized fee rate is as low as 0.5%, equivalent to an annualized interest rate of 0.98%, according to Tesla China's website.</p><p>Chinese customers can purchase a Model 3 or five-seat Model Y with a down payment of RMB 79,900, resulting in monthly payments as low as RMB 1,918 and RMB 2,263 respectively. For the six-seat Model Y L, the minimum down payment is RMB 99,900, with monthly payments starting at RMB 2,947.</p><p>Meanwhile, Tesla continues to offer a 5-year 0% interest financing incentive in China, covering all locally produced models -- marking the first time the Model Y L is included.</p><p>Currently, the Model Y offers three five-seat variants in China, starting at RMB 263,500, RMB 288,500, and RMB 313,500 respectively. The six-seat Model Y L currently starts at RMB 339,000 in China.</p><p>The Model 3 offers four variants in China, priced at RMB 235,500, RMB 259,500, RMB 285,500, and RMB 339,500 respectively.</p><p>Tesla's low-interest financing plan aims to offset the potential impact of China's EV purchase tax.</p><p>From 2026 to 2027, China's new energy vehicle (NEV) purchase tax will be levied at half the standard rate of 10%, equating to a 5% tax rate. Previously, China exempted NEVs from purchase tax, though with a cap on the maximum exemption amount.</p><p>Multiple domestic Chinese EV makers have announced in recent months that they will cover the purchase tax owed by buyers in early 2026.</p>    <div>        <div>            <p><img width="768" height="432" src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/01/2026010612062735-768x432.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://cdn.cnevpost.com/wp-content/uploads/2026/01/2026010612062735-768x432.jpg"/>                            </p>        </div>        <div>            <p>Tesla makes minor updates to Model Y in China, prices unchanged</p>            <p>The five-seat Model Y's center display has been upgraded from the previous 15.4-inch 1080P panel to the 16-inch 2K resolution screen used in the six-seat Model Y L.</p>                    </div>    </div>    <p>($1 = RMB 6.9833)</p>                                                                                </div>

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<p>Tesla has introduced a 7-year low-interest financing option for its electric vehicles in China to mitigate the effects of a new purchase tax. Customers can benefit from an annualized fee rate as low as 0.5%, with potential savings of up to RMB 33,479 ($4,790). This financing plan applies to the Model 3 and Model Y, with monthly payments starting at RMB 1,918. Additionally, Tesla continues to offer a 5-year zero-interest financing option, now including the Model Y L for the first time. The new tax will be levied at a reduced rate of 5% starting in 2026.</p>

- Tesla has introduced ultra-long-term low-interest financing options for its electric vehicles in China to counter the impact of a new purchase tax.  
- Customers purchasing a Model 3 or Model Y by January 31 can access financing for up to 7 years at rates as low as 0.5%, aiming to save up to RMB 33,479 (approximately $4,790).  
- The financing program coincides with reduced purchase tax rates for new energy vehicles in China, thus reshaping Tesla's financial strategies for its consumer base.

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Tesla offers 7-year low-interest financing as China begins to collect purchase tax on EVs