Musk's Conflict with Trump Might Have Just Given Cybertruck Buyers a Bargain | Carscoops

      Tesla has introduced a temporary financing offer for the Cybertruck that significantly reduces payments.

      To be eligible for this deal, the Cybertruck must come equipped with Full Self-Driving capability. Buyers must also take delivery of their electric truck by the end of June. It appears Tesla is looking to reduce Cybertruck inventory before the current quarter concludes.

      The tensions between Elon Musk and President Donald Trump were almost unavoidable. When two billionaires with huge egos and a relentless desire for power are put in the same spotlight, conflict is practically guaranteed. Although their public disagreements may not please Tesla shareholders, they might actually prove advantageous for anyone contemplating purchasing a new Cybertruck.

      Not long after Musk and Trump traded barbs on social media, Tesla unveiled a new 0% APR financing deal for Cybertruck buyers, contingent on opting for the $8,000 Full Self-Driving package and making a minimum down payment of 4% plus taxes and fees. If someone prefers to forgo the down payment, they can do so, but the APR increases slightly to 0.99%.

      An Offer with Conditions

      To benefit from this promotion, buyers must finance for 60 months and take delivery of their new Cybertruck by the end of June. For example, using the $79,990 AWD model as a reference, without Full Self-Driving (FSD) or the promotional rate, the truck would cost $1,571 monthly over 60 months before taxes, accumulating to $94,660, or $96,655 including the $1,995 destination fee.

      Including the $8,000 FSD option brings the MSRP to $87,990, or $89,985 with the destination fee. With Tesla’s 0.99% APR offer, the monthly payment would be $1,538 before taxes and fees, totaling $92,280 over the loan period with no down payment. By making a $4,000 down payment and selecting FSD, the monthly payment decreases to $1,433 before taxes and fees, bringing the total to $89,980.

      Although the deal may have been introduced in response to Tesla's declining share price, it’s likely that the company is also looking to offload as much Cybertruck inventory as possible. Reports suggest there are over 3,500 of the all-electric trucks available, and Tesla likely wants to sell as many as it can before the second quarter ends.

      This is not the first time Tesla has rolled out a 0% financing option. In April, a similar deal was announced for the Model 3. Tesla allows buyers to adjust the down payment, even bringing it down to zero, but this naturally increases the monthly repayments.

      While the Cybertruck generated significant buzz in late 2023, it has since diminished in appeal. Fewer than 50,000 units are believed to have been sold, significantly below Tesla's original target of producing 250,000 annually, and even further from Elon Musk's ambitious goal of achieving 1 million sales per year.