Elon Musk's Tesla Launches $0 Down Leases On Used Model 3 And Model Y Vehicles In US Amid Sluggish Sales

Benzinga

Tesla is offering $0 down leases on used Model 3 and Model Y vehicles in California and Texas, according to Electrek. Tesla’s $0 down lease offer is limited to California and Texas, with terms of up to 24 months on Model 3 and Model Y vehicles. Customers must still pay a $695 acquisition fee, the first month’s payment, and applicable taxes and registration fees at signing. The move follows steep sales declines, including a 60% drop in the UK and an 88% decline in Sweden. Tesla is also contending with lawsuits over its FSD technology, investor lawsuits regarding Robotaxi safety, and growing pushback on Musk’s $29 billion pay package.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Tesla is offering zero-down leases on used Model 3 and Model Y vehicles in California and Texas,

00:09according to Electrek. Tesla's zero-down lease offer is limited to California and Texas,

00:14with terms of up to 24 months on Model 3 and Model Y vehicles. Customers must still pay a $695

00:21acquisition fee, the first month's payment, and applicable taxes and registration fees at signing.

00:26The move follows steep sales declines, including a 60% drop in the UK and an 88% decline in Sweden.

00:34Tesla is also contending with lawsuits over its FSD technology, investor lawsuits regarding

00:39robo-taxi safety, and growing pushback on Musk's $29 billion pay package.

00:45For all things money, visit Benzinga.com.

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