Tesla Introduces 0% APR for Model 3, and FSD Transfers Are Reinstated | Carscoops

      The incentives are designed to boost sales and retain Tesla enthusiasts within the brand.

      Tesla has introduced a new financing option of 0% APR, applicable solely to the Model 3, and not to any other vehicles in its lineup.

      Full Self-Driving (FSD) transfers are once again available for those moving up from a previous Tesla.

      Tesla is launching a couple of incentives that it hopes will significantly impact sales. To encourage purchases before the end of Q2, it is offering 0% APR financing on the Model 3, along with the reintroduction of FSD (Supervised) transfers. While both promotions seem attractive at first glance, as with many Tesla offerings, there are conditions attached.

      The standout feature is the 0% APR financing, which applies exclusively to the Model 3. This deal does not extend to the Model Y, Model S, or Model X, being limited to the entry-level sedan. Eligibility varies depending on options and tax incentives, but it seems that in certain states, a $0 down payment may be possible.

      Apart from that, the financing is restricted to a maximum of 60 months. Essentially, this translates to approximately $6,000 down (over the loan term) on the least expensive rear-wheel-drive Model 3. Additionally, having excellent credit is necessary to secure this deal. Nonetheless, this is a distinctive approach in the context of the current high-interest rate environment, which could sway undecided buyers.

      In addition to the financing offer, FSD transfers are back for a limited period. If you had purchased Tesla’s Full Self-Driving beta package for between $7,500 and $12,000 previously and are considering upgrading to a new vehicle, you can transfer that feature without needing to repurchase. While there is no announcement regarding the end of this offer, it is anticipated to not extend into Q3, so those interested should act quickly.

      These strategic moves come as Tesla faces a more challenging sales landscape. Competition is intensifying, opposition is becoming stronger, and tariffs could further increase prices. Clearly, Tesla aims to reduce inventory and keep customers loyal with these promotions.

      While these offers are beneficial for interested buyers, they are not the only ones available in recent months. The new Model Y in China also features a 0% APR offer, while significant discounts are being applied to the previous Model Y. Even the divisive Cybertruck is now available for thousands less than its MSRP. It is evident that Tesla recognizes the necessity of boosting sales and is taking all possible steps to accomplish that objective.

      Vox Populi, Vox Dei … FSD Transfer is back for all countries in North America, covering all S3XY models plus the Cybertruck (excluding Foundation Series and Launch Series).

      — Tesla North America (@tesla_na) April 25, 2025