Remove low-interest-loans
article thumbnail

Tesla China promotes Model 3/Y’s affordability with new incentive program

Teslarati

Tesla China is starting the second quarter with new incentives for customers in the form of limited-time finance policies such as low downpayment offers and zero-interest loans. Customers who trade-in their vehicle for a Tesla Model 3 or Model Y could receive a zero-interest loan for up to five years.

article thumbnail

Chrysler Abandons Quest For Energy Dept Low-Interest Loans

Green Car Reports

Department of Energy hasn't made any new loans under its Advanced Technology Vehicle Program in well over a year. The latest company to walk away from applications for low-interest loans from the $25 billion DoE program is Chrysler. This afternoon, Detroit News reporter David Shepardson was told by.

article thumbnail

Tesla China launches zero downpayment program for inventory vehicles

Teslarati

Tesla China noted in its poster that with the zero downpayment program in place, customers purchasing an inventory Model 3 sedan could see an annualized interest rate starting at 4.58%. This also means that the daily payments for the Model 3 sedan, which was upgraded to its latest iteration last year, could be as low as RMB 145 ($20.01).

China 108
article thumbnail

Tesla Model S, Model X, and Model Y receive new round of price adjustments in the US

Teslarati

This seems to be one of the reasons why Tesla China, in its recent promotions for the Giga Shanghai-made Model 3 and Model Y, focused on zero-interest loans and low downpayment offers. With such initiatives, customers’ savings become more prominent upfront, or at least more evident as they pay off their vehicle loans.

article thumbnail

Tesla partners with CBA on low-interest financing in Australia

Teslarati

The Commonwealth Bank of Australia (CBA) has partnered with Tesla to offer low-interest financing on electric vehicle (EV) purchases. Through the partnership, buyers can access CBA loan options directly from Tesla’s website, with the bank offering fixed interest rates of 5.49 percent who do today.

Financing 129
article thumbnail

Auto Loan Delinquencies Reach Record Levels

The Truth About Cars

Delinquencies on automotive loans have surpassed the recession-era highs witnessed in 2009, according to an assessment released by S&P Global Mobility on Monday. & Based on the report, vehicle loans more than 60 days past due settled around 1.69 Loans from the new-vehicle segment are reportedly doing better overall.

Auto 98
article thumbnail

Tesla China offers insurance subsidy for Model 3/Y inventory vehicles

Teslarati

Amidst Tesla China’s efforts to drum up more interest and boost sales of its all-electric cars, the company has launched a limited-time insurance subsidy and loan offer for the Model 3 and Model Y. Don’t hesitate to contact us with news tips. Tesla China also announced some perks for the Model S and Model X.

China 99