In Denmark, Tesla is now lowering the interest rate on Model 3 and Model Y to 0.99 percent. But it's even wilder just across the Øresund.
Tesla in Denmark is now trying to entice customers with an interest rate of 0.99 percent during the first 3 years of the car loan.
The brand announced this in a press release.
Tesla offers a car loan with a term of 120 months. But it's only the first 36 months that are really cheap. At least when it comes to interest.
For the remaining 84 months, 4.49 percent interest must be paid on the loan, while the annual percentage cost is 3.81 percent.
This means that a Tesla Model 3 with rear-wheel drive, which starts at 299,990 kroner, ends up costing 358,000 kroner. And that's quite a long nose for the Danes.
Because just across the Øresund, they have it even better. Tesla is offering Swedes loans with 0.0 percent interest for the same 36 months.
– We are introducing a variable, nominal promotional interest rate of 0.00% for 36 months for the new Model Y Long Range with all-wheel drive and 0.99% for other Model Y and all Model 3 versions, says the Swedish department.
For Swedes, this means a saving of between 50,000 and 60,000 Swedish kronor. Or 34,000 and 40,000 Danish kronor.
