Financing Options for Tesla Model 3 and Model Y in Dubai

Have been planning to invest in a Tesla? And, you are interested in a Tesla Model 3 or a Model Y!!! We have got you covered. We have got you covered.

This information outlines the financing options available for the Tesla Model 3 and Model Y in Dubai, focusing on Islamic finance (Murabaha) and loans offered through Emirates NBD PJSC and Dubai Islamic Bank PJSC.

Key Points:

• 0% Interest Rate: Both financing options boast a 0% interest rate for a limited time.
• Campaign Period: The offer is valid for orders placed between July 5th, 2024, and September 30th, 2024, or until vehicle supply runs out.
• Eligibility: This campaign applies only to new Model 3 and Model Y inventory ordered through the official Tesla website (tesla.com) by retail customers financing their purchase with the mentioned banks.
• Separate Agreement: Financing is subject to a separate agreement between the customer and the chosen bank.
• Down Payment: The down payment amounts differ slightly, with Model 3 starting at AED 34,334 and Model Y at AED 38,734.

Islamic Finance (Murabaha):

• Financing Amount: This option involves the bank purchasing the car and selling it to the customer at a pre-agreed profit rate of 0%.
• Due Diligence and Documentation Fees: Customers will be responsible for a fee ranging from 0.75% to 1% (excluding VAT) of the financing amount (minimum AED 520, maximum AED 2,620).

Loan:

• The order fee covers vehicle configuration and doesn’t represent the final purchase price.
• Customers must comply with Dubai Islamic Bank’s guidelines and processes to finalize the purchase under Islamic finance.
• A destination and documentation fee of AED 3,680 applies.

Important Terms:

• Orders are subject to verification to ensure eligibility.
• Tesla reserves the right to modify or terminate the campaign.
• The terms and conditions are governed by the laws of the DIFC (Dubai International Financial Centre).
• By participating, customers agree to these terms and conditions.

To Conclusion:

These are some are the financing options available for Tesla Model 3 and Model Y purchases in Dubai through Emirates NBD PJSC and Dubai Islamic Bank PJSC. Remember to refer to the official Tesla website and the banks for complete details and eligibility requirements.

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