Tesla Launches 0% APR, $0-Down Leases in Aggressive Q4 Sales Push

Tesla has rolled out its most aggressive year-end incentives on record, offering 0% APR financing for up to 72 months, $0-down leases, and free upgrades on inventory vehicles.

Why it matters: This is Tesla self-funding the subsidies that taxpayers used to provide, as the company fights a Q4 demand vacuum created by the September 30 tax credit expiration.

The Details

• Tesla is offering 0% APR financing for up to 72 months on the Model Y Standard, the company’s highest-volume vehicle.
• Premium trims get 2.99% APR, including Model Y Premium, Model 3 Premium, and Model 3 Performance.
• All Model S, 3, X, and Y vehicles now qualify for $0-down leases, eliminating the $3,000 down payment Tesla required earlier this year.
• Inventory vehicles tagged with “Free Upgrade” include one complimentary option, such as premium paint (Ultra Red, Quicksilver), 20-inch Induction wheels, or white interior, worth $1,000 to $2,500.
• All offers require delivery by December 31, 2025.

Current Lease Rates ($0 Down)

• Model 3: $342/month
• Model Y: $449/month
• Model S: $1,771/month
• Model X: $1,928/month

Stacking the Deals

• Incentives can be combined with the updated referral program, which now includes a $2,000 discount.
• Military personnel, first responders, teachers, and healthcare workers qualify for the Everyday Heroes discount.
• Both programs stack on top of the financing and lease offers, as reported by Not A Tesla App.

EVXL’s Take

These are the most aggressive incentives Tesla has ever offered at year-end, and the timing is not coincidental. October EV sales collapsed 24% after the federal $7,500 tax credit expired on September 30. Tesla’s record Q3 deliveries of 497,099 vehicles were built entirely on pulled-forward demand. Now, the bill is due.

Tesla is effectively recreating the economics of the subsidy era using its own balance sheet. A $0-down lease at $449/month represents roughly $6,500 in self-funded incentives compared to pre-expiration terms. The free upgrades add another $1,000 to $2,500 in value. Whether this strategy can match last year’s Q4 deliveries of 495,570 vehicles remains the open question heading into earnings season.

Frequently Asked Questions

• When do these offers expire? All incentives require delivery by December 31, 2025.
• Who qualifies for 0% APR? The 0% APR for 72 months applies only to the Model Y Standard trim. Premium models qualify for 2.99% APR.
• Can I combine multiple discounts? Yes. The referral program ($2,000) and Everyday Heroes discount stack with financing and lease offers.