Tesla has introduced a new round of mainland China-only Model 3 and Model Y purchase incentives for eligible orders placed October 30 through November 30, 2026. These offers do not apply in the United States or Canada.
Lower upfront payment on selected financing plans
Eligible Model 3 and Model Y variants can qualify for up to five years of 0% financing, with minimum down payments starting at ¥39,900. For the six-seat Model Y L, the minimum down payment starts at ¥59,900.
One available five-year plan includes a ¥39,900 balloon payment at the end of the loan term. That final payment is still owed; a lower monthly installment does not mean a lower vehicle price. Tesla also offers a qualifying 0% financing option without a balloon payment. All financing is subject to the participating lender's approval and vehicle eligibility.
November vehicle incentives
The revised limited-time purchase discounts are ¥10,000 for eligible Model 3 vehicles, up from ¥5,000 in the prior campaign, and ¥4,000 for eligible Model Y vehicles, down from ¥7,000.
The ¥8,000 paint-option incentive continues for qualifying orders through November 30, subject to Tesla's terms.
Tesla has also announced a ¥5,000 discount on eligible certified pre-owned vehicles ordered and delivered during November 2026, subject to the program conditions.
Why it matters
These changes lower the upfront cost for some buyers while adjusting the actual purchase discount differently across Model 3 and Model Y. Buyers comparing financing plans should account for any final balloon payment, eligibility restrictions and required delivery deadlines.
Geographic scope: Mainland China only. Incentives, prices and loan conditions can change; check the current Tesla order page and financing terms before making a purchase.
Sources: Tesla China official promotions and conditions · CnEVPost, October 30