Earlier this month, Tesla Korea began sharing cryptic “0” posts on social media platform X and Instagram, sparking speculation among electric car enthusiasts. It turns out these mysterious zeros were referring to a 0% interest rate promotion on eligible Tesla Model Y models.
As seen in a Direct Auto post, Tesla Korea is offering 0% on financing for up to 60 months on the base Model Y rear-wheel drive (RWD) and mid-range Model Y long-range dual-motor all-wheel drive. offers interest rates. (AWD). The 0% interest rate is determined by the amount of upfront payment the customer makes for the all-electric crossover.
News: Tesla Korea introduced a new 0% interest rate promotion in the fourth quarter.
Model Y RWD and Model Y LR loans are available at 0% interest for up to 60 months. This is what all the “0” teasers were referring to on Tesla Korea’s social pages. It has nothing to do with robotaxis (lol). pic.twitter.com/1yloIRMona
— Sawyer Merritt (@SawyerMerritt) September 30, 2024
According to Tesla Korea’s order page, the Model Y RWD costs 52,990,000 won ($40,200), while the Model Y Long Range Dual Motor AWD starts at 60,990,000 won ($46,300) excluding options.
According to the terms of the recently launched promotion, customers purchasing the Model Y RWD can get a 0% interest loan if the principal amount of the loan is 45 million won or less for 48 months or 36 million won or less for 60 months. You can receive . For Model Y Long Range Dual Motor AWD, 0% interest financing is available if the principal amount is less than 20 million won in 48 or 60 months.
For some sectors, interest rates vary depending on the advance deposit amount. pic.twitter.com/qGg4e0a4aR
— Tslachan (@Tslachan) September 30, 2024
Tesla Korea’s 0% interest loan offer is very exciting in itself, but some electric car enthusiasts are disappointed that this clever “zero” marketing campaign only refers to the financing program. It has been stated.
Amid Tesla Korea’s cryptic posts, as it turns out, some EV fans are wondering if the mysterious numbers posted by the EV maker are related to the robotaxi launch event scheduled for October 10, 2024. I was guessing that there might be. Although this does not seem to be the case, 0% interest rate loans have proven to be very successful in China, so it could be that this program ultimately increased Tesla Korea’s sales in Q4 2024. It’s not surprising either.
If you have any news tips, please feel free to contact us. Let us know by sending a message to simon@teslarati.com.