Tesla Referral Program Restored in Canada, Offering 1.99% Discount on Model Y Purchases
Tesla Announces Financing Options and Referral Program for Model Y in Canada
Tesla, the electric vehicle (EV) manufacturer, has announced financing options and a referral program for the Tesla Model Y in Canada. The Tesla Model Y RWD is now eligible for a $5,000 iZEV rebate, and Tesla is offering financing options with competitive interest rates.
Well-qualified buyers can finance the Tesla Model Y RWD at an attractive rate of 1.99% APR over 60 months, resulting in monthly payments of $814.66. For those who prefer a longer repayment period, financing the Tesla Model Y RWD at 3.99% APR over 96 months will result in monthly payments of $566.46, with a total cost of borrowing of $7,890.16.
In addition to these financing options, Tesla is also offering a discount of $2,600 CAD for Canadian customers buying a new Tesla using a friend's referral code. The referred buyer will receive the same discount on their purchase. The valid period for this offer varies based on Tesla's current promotion, but it typically lasts for a few months.
The reintroduction of the referral program follows a recent relaunch in the United States. Canadian customers who refer someone to buy a Tesla can earn up to $13,000 CAD.
It's important to note that these financing options are subject to credit approval and may change at any time. The discount applies to the Model S/X, Tesla Model 3, Tesla Model Y, and Cybertruck as of November 26, 2024.
The Tesla Model Y RWD is priced at $53,990, making it an affordable electric vehicle option for many Canadians. With these financing options and the referral program, owning a Tesla just got a bit more affordable for Canadians.
Tesla's move to offer financing options and a referral program for the Tesla Model Y in Canada is a significant step towards making electric vehicles more accessible to a wider audience. With the Tesla Model Y's impressive performance, sleek design, and now competitive pricing, it's no wonder that it's one of Tesla's most popular models.
