Tesla has recently made some adjustments to the pricing of their Model X, making it even more expensive for potential buyers. The electric car company raised prices by C$7,000 in Canada for the second time in a week, bringing the cost of the AWD model to C$121,990 and the Plaid model to C$142,990. In the United States, prices also saw an increase of US$5,000, causing the Model X AWD to surpass the $80,000 price cap and lose its US$7,500 tax credit.
Despite these price hikes, Tesla is offering an attractive financing option for the Model 3 in Canada. Buyers can take advantage of a low 0.99% APR financing rate, but they must place their order by March 7 and take delivery by March 31. For those looking for longer loan terms, rates go up to 3.49% APR for 96 months. This special financing deal is significantly lower than the standard 5%+ auto loan rates, potentially saving buyers thousands of dollars. Additionally, Tesla has reinstated the Model 3 in its referral program, providing a $650 discount with a referral link.
On the other hand, the prices for the Model 3 have also increased. The RWD model now starts at C$59,990, the Long Range AWD at C$68,990, and the Performance model at C$79,990. Despite the price hike, the 0.99% financing promotion for the Model 3 in Canada is a rare and enticing offer that aims to drive more sales for Tesla.
Overall, Tesla’s adjustments in pricing and financing options for their Model X and Model 3 reflect the company’s strategy to attract more buyers while maintaining its position in the electric vehicle market. With the limited-time financing offer and referral program discount, now may be a good time for Canadian buyers to consider purchasing a Tesla Model 3.