Tesla has rolled out new incentives for the Model 3 and Model Y in the U.S., offering reduced lease pricing, low-interest financing, and even free upgrades for select trims.
The latest discounts come shortly after Tesla raised its lease prices for the Model 3, Model Y, and Cybertruck on November 4, following a limited-time price cut last month that lowered monthly payments by up to 23%. Now, the company has effectively reintroduced similar discounts — this time with added perks — to boost end-of-year sales as the fourth quarter heats up.
According to Tesla’s updated U.S. configurator, the new promotions include a 1.99% APR for 72-month financing terms on select models, plus a free exterior or interior upgrade for customers who choose to lease.
• 1.99% APR for up to 72-month financing terms (only available for the Premium Rear-Wheel Drive (RWD) and Premium All-Wheel Drive (AWD) variants)
• One free exterior or interior upgrade when leasing
• Up to 9.5% lower starting lease pricing
The Model Y remains one of Tesla’s best-selling vehicles globally, and the company this week officially started producing the refreshed Model Y Performance at Gigafactory Texas.
• 1.99% APR for up to 72-month financing terms (only available for the Premium All-Wheel Drive (AWD) and Performance trims)
• One free exterior or interior upgrade when leasing
• Up to 23% lower starting lease pricing
Tesla’s latest Model 3, which went into production in the U.S. last month, adds a new front camera to improve parking performance and also brings back the much-requested physical turn signal stalk.
Similar lease discounts are also available for the Cybertruck, with Tesla reportedly cutting its APR by more than half for financing terms of up to 60 months. The combination of cheaper financing, lower lease pricing, and free upgrades seems designed to drive short-term demand as Tesla pushes toward its year-end delivery targets.
