Tesla Tempts Canadian Customers with 0% APR on Model 3 and Model Y – But There’s a Catch
Tesla has unveiled a tantalizing offer for Canadian consumers – 0% APR financing on its popular Model 3 sedan and Model Y crossover.
However, there’s a catch – customers must opt for Tesla’s Full Self-Driving (FSD) Supervised feature to qualify.
The details, shared on Tesla’s official North American social media channels, outline the limited-time promotion.
Starting November 4th, new orders for the Model 3 and Model Y in Canada will be eligible for the 0% APR deal, but there’s a timeline – customers must take delivery by the end of 2024 to take advantage.
Perhaps most intriguing is Tesla’s decision to tie the financing offer to its semi-autonomous FSD Supervised system. By doing so, the electric vehicle giant is clearly eager to get more Canadians experiencing – and ultimately embracing – its advanced driver-assist technology.
This could be seen as a precursor to the anticipated launch of FSD Unsupervised, which Tesla plans to introduce in select markets next year.
The 0% APR program is available for loan terms up to 48 months on both the Model 3 and Model Y, a move that could significantly lower the barriers to ownership for many prospective buyers.
0% APR available when you purchase FSD Supervised
— Tesla North America (@tesla_na) November 5, 2024
Applies to new Model 3/Y orders from Nov 4, must take delivery by end of year
This aligns with Tesla’s overarching goal of matching its 2023 delivery records in the year ahead – a lofty target that would require the company to ship around 515,000 vehicles globally in Q4 alone, a figure it has never achieved before.
Only time will tell if Tesla’s carrot-and-stick approach of coupling attractive financing with mandatory FSD Supervised will pay dividends in the Canadian market.
But with the automaker determined to maintain its momentum, this latest incentive is sure to turn heads and generate buzz among EV enthusiasts north of the border.
