Short answer (October 2026)
Tesla offers private car loans through Santander Consumer Bank and DNB Finans. If you order from 1 October 2026 and take delivery by 31 March 2027, the rate is 1.99 % fixed. You have to apply for the financing by 31 December 2026. In Tesla's own example over 96 months, the APR is 3.67 %.
Tesla's own example
This is the representative example Tesla shows in its Danish configurator for a Model 3 at a cash price of DKK 269,990. I've put it in a table, but the figures are Tesla's:
| Cash price | DKK 269,990 |
| Down payment | DKK 53,998 (20 %) |
| Total credit amount | DKK 215,992 |
| Term | 96 months |
| Fixed borrowing rate | 1.99 % |
| APR (ÅOP) | 3.67 % |
| Monthly payment | DKK 2,587 |
| Total cost of credit | DKK 33,110 |
| Total amount payable | DKK 303,100 |
Source: Tesla's configurator on tesla.com/da_dk, "Finansieringsmuligheder" for a private loan, October 2026. The campaign rate applies to cars ordered on or after 1 October 2026 and delivered by 31 March 2027, while stocks last. Tesla may change or end the campaign without notice.
Note the difference between the two rates. The 1.99 % borrowing rate is the interest on the loan itself. The 3.67 % APR also includes the loan's costs, and it's the number to use when you compare with other loans.
In kroner, borrowing just over DKK 216,000 for eight years costs DKK 33,110 in total.
Terms worth knowing
- Credit check: the loan requires a positive credit assessment by the lenders.
- Comprehensive insurance: the car must have kasko cover for as long as the loan runs. What that costs on a Tesla is covered in the Tesla insurance guide.
- Direct debit: payments are collected through Betalingsservice.
- Right of withdrawal: you have 14 days to withdraw from the loan.
- Early repayment: always possible, but it costs 1 % of the outstanding balance plus a DKK 750 administration fee. With DKK 150,000 left to pay, that's DKK 2,250.
Watch out for the "estimated" payment
Tesla's loan window has a box labelled Inkluder estimerede brændstofbesparelser (include estimated fuel savings). Tick it and Tesla subtracts an estimated saving on petrol from the monthly payment, DKK 1,258 a month in the example above. That makes the loan look cheaper than it is. The saving is an estimate, and the lender collects DKK 2,587 regardless. Leave the box unticked when you budget, and work out running costs yourself with the Tesla total cost of ownership guide.
Tesla loan or bank loan?
A fixed rate of 1.99 % is low for a car loan. It's still worth getting a quote from your own bank, because:
- The down payment can differ. Tesla asks for 20 %, which is the legal minimum in Denmark when the seller keeps retention of title in the car (section 34 of the Credit Agreements Act). A bank has no such legal requirement, although many will want a down payment too.
- Campaigns can rule each other out. According to teslatips.dk, the trade-in bonus Tesla offers on the Model Y Rear-Wheel Drive in Q4 2026 can't be combined with Tesla's own financing. If you have a car to trade in, run the numbers both ways. More in trading in your car with Tesla.
- Compare APR over the same term. That's FDM's advice, and it's the only figure that accounts for fees.
If you don't want to own the car at all, leasing is a different route. I go through the trade-offs in leasing vs buying, and private leasing has its own guide, Tesla private leasing.
How to apply
Choose "Privat: Lån" under the financing options when you configure the car. There you can change the down payment and term and see the monthly payment before you order, and you can request a trade-in estimate from the same window. To get the campaign rate, the loan must be applied for by 31 December 2026. The referral code has to be used before you order. The full sequence is in how to buy a Tesla in Denmark.
Frequently asked questions
Does Tesla offer car loans in Denmark? Yes. You can choose a private car loan directly in Tesla's configurator. The loan is provided through Santander Consumer Bank and DNB Finans AS and requires credit approval.
What is the interest rate on a Tesla car loan? In autumn 2026 Tesla is running a campaign with a 1.99 % fixed borrowing rate for cars ordered from 1 October 2026 and delivered by 31 March 2027. In Tesla's example for a Model 3 at DKK 269,990 over 96 months, the APR is 3.67 %. The campaign can be changed or ended without notice.
How big a down payment do I need? In Tesla's example the down payment is DKK 53,998, exactly 20 % of the cash price. 20 % is also the legal minimum in Denmark when the seller keeps retention of title in the car.
Can I pay off a Tesla car loan early? Yes, at any time. According to the terms you then pay a fee of 1 % of the outstanding balance plus a DKK 750 administration fee.
What do I need to get a Tesla car loan? A positive credit check, comprehensive (kasko) insurance on the car and payment by direct debit through Betalingsservice. You have a 14-day right of withdrawal on the loan.
Sources: Tesla's configurator on tesla.com/da_dk (financing terms, October 2026), Credit Agreements Act section 34 (in Danish), FDM on car loans (in Danish) and teslatips.dk (October 2026). Rates, campaigns and terms are set by Tesla and the lenders and may change.