You Can Now Buy A New Tesla Model Y With 0.99% APR Financing

[edjr 6,580]

https://cleantechnica.com/2024/05/14/you-can-now-buy-a-new-tesla-model-y-with-0-99-apr-financing-but-how/

 

Quote

 

Yes, Tesla is offering a financing deal that’s hard to pass up. The company is offering 0.99% APR financing on a new Tesla Model Y! That’s a crazy-low financing option. Note that it’s only available on the Model Y, though, not the Model 3.

Wait, what’s going on — the federal interest rate is 5.3%, so how can Tesla be offering 0.99% financing? And one week ago, the lowest financing rate on a Model Y was 6.49%!

Basically, Tesla is subsidizing the financing. Confused yet? With federal interest rates at 5.3%, banks can’t come in and offer 0.99% financing to consumers. However, shifting money around a bit, Tesla can subsidize the financing instead of doing the usual vehicle price cuts (or can do both).

“Typically, when an automaker offers an unusually low interest rate, it’s accounted as a price cut for the manufacturing side of the business,” Barron’s notes. Of course, I don’t have to tell you: Tesla doesn’t always do things the typical way. However, one way or another, Tesla is footing the bill for the lower interest rate — no bank is doing so.

 

This is going to be hard to pass up

[thegeneral 3,208]

That’s a great deal. 

[RLLD 4,230]

I would very much like to acquire one, but not willing to pay $40+k for a car.....

[supermike80 1,907]

Meh..Still not interested in an electric car.

[edjr 6,580]

7 minutes ago, RLLD said:

I would very much like to acquire one, but not willing to pay $40+k for a car.....

My current one was 58k. bought in 2020, 0 apr. paid off already. 

I think 60 is my cap. Can get a lot for that.

[thegeneral 3,208]

Don’t be scared! Go test drive.

[Gepetto 1,368]

I have never financed, and buy a new SUV every few years since I was out of college. Paid cash biches. Current vehicle had an MSRP of $50k.

[thegeneral 3,208]

18 minutes ago, RLLD said:

I would very much like to acquire one, but not willing to pay $40+k for a car.....

Lack of gas and maintenance :knock on wood: helps bring cost down. Insurance may be a bit more than a relative car.

[RLLD 4,230]

3 minutes ago, thegeneral said:

Lack of gas and maintenance :knock on wood: helps bring cost down. Insurance may be a bit more than a relative car.

My Honda Accord  is low maintenance, high MPG and low cost.  I prefer that over the Tesla for now.  Should that price get down into the low $30's then I would be willing to consider it.

[thegeneral 3,208]

32 minutes ago, RLLD said:

My Honda Accord  is low maintenance, high MPG and low cost.  I prefer that over the Tesla for now.  Should that price get down into the low $30's then I would be willing to consider it.

Yep. Everyone’s needs, budgets, what they are looking for is different. If looking at a daily driver, you want to drop 40-50k Tesla is a very good option to consider IMO. 

[RLLD 4,230]

1 minute ago, thegeneral said:

Yep. Everyone’s needs, budgets, what they are looking for is different. If looking at a daily driver, you want to drop 40-50k Tesla is a very good option to consider IMO. 

I really like the car......alot....  they made a great car first and foremost, and then they made it electric.....

Its well-designed, comfortable and so long as the eco-warriors can be held at bay, it could become a staple.....

[Maximum Overkill 1,988]

The Y is a piece of garbage. I wouldn't take one if it was Free. 

My Wife had a Plaid, we called it the fastest golf cart in the world, she hated it, gone. Bring on the gas guzzler 

 

[jonmx 2,429]

I would much rather have a $30k gas car then a $60k electric one.

[edjr 6,580]

8 minutes ago, jonmx said:

I would much rather have a $30k gas car then a $60k electric one.

model Y (which is the 0.99 apr) starts at 44k    

[HellToupee 1,775]

3 minutes ago, edjr said:

model Y (which is the 0.99 apr) starts at 44k    

You can get them under 40(36-38) with the tax credit . Great deal

[Cdub100 3,906]

Isn't the resale terrible? Wouldn't someone be better off buying used?

[iam90sbaby 2,610]

5 hours ago, thegeneral said:

That’s a great deal. 

 

5 hours ago, RLLD said:

I would very much like to acquire one, but not willing to pay $40+k for a car.....

 

5 hours ago, thegeneral said:

Don’t be scared! Go test drive.

Gay, gay and gay

 

5 hours ago, supermike80 said:

Meh..Still not interested in an electric car.

Based 

[Maximum Overkill 1,988]

2 hours ago, Cdub100 said:

Isn't the resale terrible? Wouldn't someone be better off buying used?

All EVs have terrible resale value. It costs about $20,000 to replace the batteries from a dealer. 

You'd be a fool to purchase any used EV. 

[thegeneral 3,208]

2 minutes ago, Maximum Overkill said:

All EVs have terrible resale value. It costs about $20,000 to replace the batteries from a dealer. 

You'd be a fool to purchase any used EV. 

People are buying 10 year old Teslas for like 20k.

[thegeneral 3,208]

14 minutes ago, iam90sbaby said:

 

 

Gay, gay and gay

 

Based 

You seem like a Camaro guy. 

[Alias Detective 1,400]

6 hours ago, Gepetto said:

I have never financed, and buy a new SUV every few years since I was out of college. Paid cash biches. Current vehicle had an MSRP of $50k.

When you are single that happens big shot.  

[Gepetto 1,368]

4 minutes ago, Alias Detective said:

When you are single that happens big shot.  

I sold some baseball cards to trade up the last time for my current ride. Your point is valid. Unfortunately one was a 2009 Bowman Chrome Prospect Auto of Mike Trout graded BGS 9 Mint, that I sold for $1,300. It's since went up to $8,000, but is back down to $4k. Still, not replacing that card as long as it doesn't at least halve in price again.

[Maximum Overkill 1,988]

41 minutes ago, thegeneral said:

People are buying 10 year old Teslas for like 20k.

They're idiots 

[SUXBNME 1,499]

6 hours ago, supermike80 said:

Meh..Still not interested in an electric car.

This. 
I still believe that the all electric car is not going to ever be mainstream. 

[SUXBNME 1,499]

1 hour ago, Gepetto said:

I sold some baseball cards to trade up the last time for my current ride. Your point is valid. Unfortunately one was a 2009 Bowman Chrome Prospect Auto of Mike Trout graded BGS 9 Mint, that I sold for $1,300. It's since went up to $8,000, but is back down to $4k. Still, not replacing that card as long as it doesn't at least halve in price again.

Look at what some of the Magic the Gathering cards have sold for recently....DAMN

Luckily, I still have quite a few worth over $500 each 

[Gepetto 1,368]

9 minutes ago, SUXBNME said:

Look at what some of the Magic the Gathering cards have sold for recently....DAMN

Luckily, I still have quite a few worth over $500 each 

Nice. That money will add up fast if/when you sell someday.

[iam90sbaby 2,610]

20 hours ago, thegeneral said:

You seem like a Camaro guy. 

I like camaros, is that supposed to be an insult or something?

[thegeneral 3,208]

2 minutes ago, iam90sbaby said:

I like camaros, is that supposed to be an insult or something?

Seems like a gay car. 

[HellToupee 1,775]

5 minutes ago, thegeneral said:

Seems like a gay car. 

This is very progressive of you

[thegeneral 3,208]

1 minute ago, HellToupee said:

This is very progressive of you

I try to reach posters in their parlance.

[iam90sbaby 2,610]

2 hours ago, thegeneral said:

Seems like a gay car. 

Not something I would own but Camaro's are still badazz cars. You don't know sh!t about cars though, that's for sure.

[thegeneral 3,208]

9 minutes ago, iam90sbaby said:

Not something I would own but Camaro's are still badazz cars. You don't know sh!t about cars though, that's for sure.

I just looked it up…Who would pay 50k for one of those shetboxes

Slow and cheap looking. And gay!

[Maximum Overkill 1,988]

13 minutes ago, thegeneral said:

I just looked it up…Who would pay 50k for one of those shetboxes

Slow and cheap looking. And gay!

The ZL1 Camaro is no joke, 650+ HP. Yet not super expensive at about $75-80,000.

[thegeneral 3,208]

14 minutes ago, Maximum Overkill said:

The ZL1 Camaro is no joke, 650+ HP. Yet not super expensive at about $75-80,000.

Tesla Model S Plaid would smoke this car. 

[Maximum Overkill 1,988]

2 minutes ago, thegeneral said:

Tesla Model S Plaid would smoke this car. 

I told you before, my Wife had a Plaid. It was scary fast and she hated it. It was like a supercharged golf cart. You couldn't go slow if you wanted to. She got rid of it 

[thegeneral 3,208]

4 minutes ago, Maximum Overkill said:

I told you before, my Wife had a Plaid. It was scary fast and she hated it. It was like a supercharged golf cart. You couldn't go slow if you wanted to. She got rid of it 

This is more for the 90sbaby dude but if going fast is your thing electric can’t be beat by gas. Not sure why else anyone would buy a Camaro

[Maximum Overkill 1,988]

6 minutes ago, thegeneral said:

This is more for the 90sbaby dude but if going fast is your thing electric can’t be beat by gas. Not sure why else anyone would buy a Camaro

We all like a naturally aspirated V8 rumbling beneath our feet. I mean, us Men do. 

Out of curiosity, what's your grocery getter nowadays? 

[thegeneral 3,208]

6 minutes ago, Maximum Overkill said:

We all like a naturally aspirated V8 rumbling beneath our feet. I mean, us Men do. 

Out of curiosity, what's your grocery getter nowadays? 

Sounds very gay. NTTATWWT!

For driving the household has a BMW and an Audi. The Germans make a nice car.

 

[Gepetto 1,368]

4 hours ago, thegeneral said:

Seems like a gay car. 

You pay $70 for a hair cut and beard trim at the salon. People that live in glass houses shouldn't throw stones.

[iam90sbaby 2,610]

58 minutes ago, thegeneral said:

Tesla Model S Plaid would smoke this car. 

Not on a race track it wouldn't. You're dumb as hell.