Tesla has moved to a 0.99% APR financing offer for new Model 3 orders in the United States, aiming to lower monthly payments on its key sedan line. The offer now replaces the earlier 2.99% APR promotion and applies to loans running up to 72 months.
The 0.99% APR applies to three higher-spec versions of the Model 3. The company is including the Model 3 Premium Rear-Wheel-Drive, Model 3 Premium All-Wheel-Drive, and Model 3 Performance in this new offer. Current reports place the Premium Rear-Wheel-Drive at about 42,490 dollars, the Premium All-Wheel-Drive near 47,490 dollars, and the Performance variant around 54,490 dollars.
The rate can be used on loan terms up to six years, so buyers can choose shorter or longer durations based on their budget. For shoppers who finance most of the purchase, this structure can matter more than a one-time discount on price. And over a multi‑year loan, a lower interest rate can make a visible difference in total cost.
Base Model 3 sits outside the 0.99% APR
The Standard version of the Model 3 is not part of this 0.99% APR promotion. This entry model instead carries an APR around 5.29% in the U.S. market right now. That gap in interest cost creates an unusual outcome for some buyers. Over a 72‑month term, a more expensive Premium trim at 0.99% APR can land close to the monthly payment of the cheaper base model at 5.29% APR, once interest is included.
For buyers who mainly compare monthly payments instead of sticker prices, this can nudge them toward the Premium variants.
On a loan of around 45,000 dollars over six years, cutting two percentage points off the rate can save buyers thousands of dollars in interest. The car’s upfront price stays the same, yet the overall financing cost drops. For many buyers, that combination of stable price and lower financing cost can matter more than a minor discount on the vehicle itself.
The Model 3 remains central to Tesla’s U.S. lineup. Data for 2025 indicate that Tesla sold roughly 192,440 Model 3 units in the United States, ranking it as the country’s second‑best‑selling electric vehicle. The Model Y held the top spot with around 357,528 deliveries in the same year. Even so, Tesla’s overall U.S. volume slipped about 7% in 2025, mirroring a small decline in the wider EV market.
Tesla has applied similar finance tools in other regions. Earlier campaigns in China paired discounts with low‑ or zero‑interest offers on the Model 3 and Model Y, though those programs ended around January 31, 2026.
In Japan, the company has promoted 0% APR financing for up to 60 months on new Model 3 and Model Y orders within a limited window running into late March. The 0.99% APR offer on Model 3 Premium and Performance trims is focused on the U.S., with no matching program yet reported in Canada.
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