Tesla Launches 0.99% Financing on Model Y for Limited Time
Tesla is now offering heavily discounted 0.99% financing on Model Y for a limited time in an attempt to boost...
Electrek 6:09 pm on May 11, 2024
Tesla offers 0.99% APR financing on its Model Y until May 31, aiming to boost sales amid high interest rates that increase vehicle costs significantly. The deal includes a $250 down payment and allows for lower monthly payments compared to competitors with federal tax credits applied.
- Tesla's Low-Interest Financing: Tesla introduces 0.99% APR on Model Y until May 31 to counteract high borrowing costs.
- Federal Tax Credits Applied: Eligible buyers see reduced monthly payments after considering federal tax incentives.
- Competitive Monthly Payments: Starting at $603-$499 for the Model Y depending on down payment and credit score.
- Potential Increase in Sales Quarter-End: The financing deal might result in more end-of-quarter Tesla incentives being offered.
- Reduction of Barrier to Entry for New Vehicle Purchases: Attracts buyers with the promise of near zero interest cash cost.
https://electrek.co/2024/05/11/tesla-launches-financing-model-y-limited-time/