Recently, Tesla unveiled the automotive industry's inaugural seven-year low-interest loan scheme for the Model 3, boasting an annualized interest rate as low as 0.7%. This move is strategically aimed at lowering the financial barriers for potential car buyers. Nevertheless, frontline sales personnel assert that ensuring vehicle delivery before the year's end is the linchpin for sealing deals, casting doubt on the policy's tangible effectiveness.

At present, the footfall of customers visiting stores to inquire about the Model 3 lags behind that of the Model Y. The standard rear-wheel-drive variant emerges as the most sought-after model, with a white exterior and black interior combination reigning as the preferred choice among buyers.

As the costs associated with purchasing a vehicle continue to climb, both customer traffic and the pool of existing customers have witnessed a decline this month. While the seven-year low-interest loan offers respite by easing monthly payment burdens, it imposes stringent requirements on customer eligibility, thereby curbing its widespread adoption.

In stark contrast, the five-year interest-free loan option garners greater favor among customers boasting stellar credit profiles. Conversely, individuals with constrained budgets and less-than-ideal credit standings find it arduous to meet the criteria for the seven-year low-interest loan.