Tesla Model 3 Financing Calculator – Canada
Here’s a comprehensive table summarizing all you need to know about Tesla Model 3 financing in Canada:
| Aspect | Details |
|---|---|
| Starting Price | $53,990 CAD for Rear-Wheel Drive model |
| Federal Incentive | Up to $5,000 iZEV rebate6 |
| Provincial Incentives | Vary by province (e.g., up to $8,000 in Quebec, $4,000 in BC)3 |
| Financing Options | Tesla financing, online lenders, banks, credit unions4 |
| Tesla Interest Rates | Starting from 4.49% – 6.29% APR2 |
| Loan Terms | 36 to 96 months2 |
| Down Payment | Typically 10-20% of vehicle price2 |
| Minimum Credit Score | Not specified, but higher scores get better rates4 |
| Eligible Provinces for Tesla Financing | AB, BC, NS, ON, QC, SK5 |
| Lease Options | Available for 24 or 36 months2 |
| Lease APR | Starts at 5.37% for those with excellent credit2 |
| Application Process | Online through Tesla website or third-party lenders5 |
| Required Documents | Social insurance number (optional), proof of income, residence info5 |
| Insurance Requirements | Comprehensive coverage required for financing/leasing2 |
| Prepayment Penalty | None for Tesla financing5 |
| Trade-in Option | Available, can reduce purchase price7 |
| Delivery Timeline | Varies, check with Tesla for current estimates |
| First Payment Due | 30 days from delivery date5 |
| Special Promotions | May vary, check Tesla website for current offers |
This table provides a comprehensive overview of Tesla Model 3 financing options in Canada, including pricing, incentives, loan terms, and application requirements. Remember that rates and terms may vary based on individual circumstances and current promotions, so it’s always best to check directly with Tesla or your preferred lender for the most up-to-date information.