Tesla adjusts financing offers for Model 3 and Model Y in US and Colombia

Tesla is implementing different financing strategies for its Model 3 and Model Y vehicles in the United States and Colombia.

In the United States, Tesla has increased the interest rate for Model Y financing to 2.49% APR, up from a previous rate of 1.99%. Based on a 72-month term with a $2,750 down payment, the base Model Y monthly payment is approximately $579. Other configurations, such as the Premium and Performance models, carry different monthly costs and interest structures.

In Colombia, Tesla has announced a 0% interest financing offer for both the Model 3 and Model Y. This commercial strategy aims to boost sales through the end of 2026. To qualify for the 0% rate, vehicles must be delivered before December 31, 2026. Specific details regarding down payment requirements, maximum financing amounts, and loan terms for the Colombian market have not yet been specified.