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.
