Tesla is making waves in the US with its latest offer: a super-low 0.99% APR financing rate for the Model Y. This deal is available for a limited time until May 31st, giving buyers a chance to snag a new Model Y at an attractive rate despite the tough economic times with high interest rates.
This offer covers all Model Y trims and comes with flexible loan terms ranging from 36 to 72 months. Whether you’re eyeing the new Model Y Long Range RWD starting at $44,990 or the Long Range AWD and Performance models, there’s something for everyone.
With Tesla’s online configurator, you can customize your purchase with a down payment of $4,250 and a 72-month financing plan, resulting in monthly payments as low as $603 before incentives. And if you’re eligible for federal tax credits, your monthly payments could drop to just $499, making the Model Y a real steal compared to traditional gasoline cars.
This offer couldn’t have come at a better time, considering the challenges posed by high interest rates in the auto industry. It’s not the first time Tesla has rolled out such a tempting deal, as they recently offered a 0% loan in China to boost sales.
But if you’re thinking about taking advantage of this offer, you might want to act fast. Tesla is hinting at a possible Model Y facelift and a more affordable model next year, so there could be even better deals down the road.
What’s your take on Tesla’s current offers? Is now the right time to jump in, or would you wait for something even better?