Tesla China Halves Down Payments With a New Five-Year 0% Finance Plan
Tesla China has launched a five-year 0% financing plan for orders placed between Oct. 30 and Nov. 30. The minimum down payment on most Model 3 and Model Y versions falls to 39,900 yuan, about half the old level.
By the Tesla News Wire staff · Edited by Seamus McKenna · · 2 min read
Tesla China has launched a five-year 0% financing plan for Model 3 and Model Y orders placed between Oct. 30 and Nov. 30, 2026, CnEVPost and Sina Finance reported.
The new terms
Minimum down payment of 39,900 yuan for the Model 3 and Model Y RWD and Long Range versions. It was 79,900 yuan, so this is about half.
The Model Y L needs at least 59,900 yuan down.
A final balloon payment of 39,900 yuan is due at the end.
Buyers still need lender approval.
Example monthly payments
Model 3 RWD (235,500 yuan after a 10,000 yuan discount): about 2,429 yuan a month
Model Y RWD (263,500 yuan after 4,000 yuan off): about 2,995 yuan a month
Model Y L (339,000 yuan): about 3,920 yuan a month
Without the balloon payment, the monthly amounts are about 3,094, 3,660 and 4,585 yuan.
Why now
Tesla sold 64,837 cars in China in September, down 9.35% from a year earlier, according to China Passenger Car Association figures cited by CnEVPost. It was the fourth monthly drop in a row.
For information only, not investment advice. Price targets and estimates are attributed to the named firms and data providers.
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