Ahead of the first Tesla Model Y deliveries in Canada set for this month, the company recently started asking reservation holders for registration, trade-in and payment details.
Model Y reservation holders are seeing new fields to be filled in within their accounts online at Tesla.com. Tesla is asking for registrant type (one or two people or a company), registration address, trade-in details and also payment method for Model Y.
Existing Tesla customers are most likely familiar with these steps, but for new customers, the process inches the process closer ahead of deliveries slated in June.
For payment method, Tesla offers options for cash, a loan arranged through the company or a self-arranged loan. The placeholder annual percentage rate (APR) is noted as 4.6%, although after submitting a credit application with Tesla, this rate may change.
Recent APR rates Canadians have seen from Tesla lately from participating lenders such as RBC or Scotiabank have been as low as 2.8% for a 72-month term, or 3.3% for 84-month and 96-month terms, according to users from the TMC Forums.
Last week, the Tesla retail location in West Vancouver confirmed the first Model Y deliveries in Canada would take place in June.
Model Y currently starts at $75,990 in Canada for the Long Range All-Wheel Drive version, with the Standard range (rear-wheel drive) set to begin in “early 2021”, according to Tesla’s website.