Want to get your hands on Tesla models at a better price? In addition to the government offering a maximum of HK$172,500 in first-time registration tax relief for electric vehicles (EVs) under the “One-for-One Replacement” scheme, Tesla is also offering incentives under their Corporate Program that includes interest-free installment loans in addition to reduced vehicle prices. In this article, Kwiksure will provide you with an in-depth look at the details of Tesla's Corporate Program, the application process and things to pay special attention to.
Tesla has been offering car purchase discounts under its “Corporate Program” specifically for select corporations and institutions in recent years, with different price deductions for different models. The discounts under the Corporate Program also change from time to time. The latest Corporate Program runs from now until 30 September 2025, and the discounts for every model under the Corporate Program are as follows (based on the “One-for-One” prices).
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Tesla Model Y under Corporate Program | Discounted Prices |
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|
Model |
Rear-Wheel Drive |
Long Range |
|
Original Price (“One-for-One” Price) |
HK$339,798 |
HK$427,668 |
|
Discount |
-HK$20,000 |
-HK$20,000 |
|
Prices under Corporate Program |
HK$319,798 |
HK$407,668 |
|
Tesla Model 3 under Corporate Program | Discounted Prices |
|||
|
Model |
Rear-Wheel Drive |
Long Range |
Performance |
|
Original Price (“One-for-One” Price) |
HK$249,000 |
HK$269,000 |
HK$325,314 |
|
Discount |
-HK$10,000 |
-HK$10,000 |
-HK$10,000 |
|
Prices under Corporate Program |
HK$239,000 |
HK$259,000 |
HK$315,314 |
-
In addition to offering discounted car prices, the other biggest selling point of Tesla's Corporate Program is the interest-free installment loan program. However, note that with both the Model Y and Model 3, only the rear-wheel drive versions can enjoy interest-free installments. Some other models can access low-interest installments or may not have any installment loan program available.
In addition, the loan amount must reach 80% of the vehicle price and 20% of the vehicle price must be paid as a “down payment” (the minimum daily repayment is calculated for a 4-year loan term and assuming there are 30 days per month and is for reference only; the actual repayments shall be made monthly).
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Tesla Corporate Program | Model Y Installment Plan |
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|
Version |
Rear-Wheel Drive |
Long Range |
|
Vehicle Price (One-for-One) |
HK$319,798 |
HK$407,668 |
|
Annual Flat Rate |
0% |
0% |
|
Minimum monthly Repayment |
HK$5.330 |
$9,059 |
|
Down Payment (Excluding License Fees, Insurance and Other Miscellaneous Expenses) |
HK$63,960 |
$81,534 |
|
Tesla Corporate Program | Model 3 Installment Plan |
|||
|
Version |
Rear-Wheel Drive |
Long Range |
Performance |
|
Vehicle Price (Corporate Program+One-for-One+referral scheme) |
HK$222,100 |
HK$242,100 |
HK$298,414 |
|
Annual Flat Rate |
0% |
2.48% |
2.48% |
|
Minimum monthly Repayment |
HK$2,961.33（60 month） |
HK$3,629（60 month） |
HK$4,473（60 month） |
|
Down Payment (Excluding License Fees, Insurance and Other Miscellaneous Expenses) |
HK$44,420（20%） |
HK$48,420（20%） |
HK$59,682（20%） |
Note: The above information is for reference only and Tesla’s announced terms shall prevail.
Under Tesla’s Corporate Program, the Tesla Model Y Rear-Wheel Drive version enjoys an additional HK$30,000 price discount, while the Long Range and Performance versions enjoy a HK$20,000 purchase discount. The Tesla Model 3 Rear-Wheel Drive, Long Range and Performance versions enjoy a HK$10,000 purchase discount.
To enjoy the Tesla corporate offers, the purchaser must be a member of one of Tesla’s select corporations and organizations, and must also opt for the “InsureMyTesla” plan.
Kwiksure has over 20 years of experience in the electric car insurance industry, comparing quotes from over 60 insurers in Hong Kong. Use our online quotation tool now to get a free electric car insurance quote!
The above information is for reference only. Kwiksure takes no responsibility for the accuracy and timeliness of the information. For the coverage, mode of compensation, benefit limit and premium levels of any specific insurance plan, please refer to the relevant policy terms.
Eric is a content creator for Kwiksure, responsible for writing articles on various topics such as cars, travel, domestic helpers, etc., striving to provide readers with detailed and practical information.
With over 20 years of experience in the media industry and driving, Eric has worked for several newspapers, magazines, and online media outlets. Apart from his passion for writing, he also enjoys the pleasure that driving brings. On average, he drives over 40,000 kilometers per year.
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