Tesla China Launches Low-Down-Payment Loan Program to Attract Budget-Constrained Consumers

Foreign Media: Tesla Launches Low-Down-Payment Loans to Attract Chinese Consumers

To address its lagging sales in China's electric vehicle market compared to local competitors, Tesla China has introduced a new financing scheme aimed at budget-conscious buyers. The Shanghai-produced Model 3 is priced at 235,500 RMB (approximately $34,670 USD). Customers opting for Tesla’s five-year loan can reduce their down payment from 79,900 RMB to 55,900 RMB. This loan carries an annual interest rate of just 0.99%, with monthly payments of 2,193 RMB, and a final balloon payment of 45,500 RMB due at the end of the five-year term.

Tesla stated that this move, combined with its strong product offerings, will help sustain sales momentum through 2026.

Original Article: toutiao.com/article/1865090056325130/

Disclaimer: The views expressed in this article are solely those of the author.