Did this coupon
work for you?
work for you?
Forum Thread
RWD Tesla Model Y Long Range .99% APR for 72 months $399.00
$399.00
$4,250 (9%) down, 0.99% APR, 72 months
Valid on Model Y orders placed between May 10 to May 31, 2024 for well qualified customers
https://www.tesla.com/modely/design#overview
Valid on Model Y orders placed between May 10 to May 31, 2024 for well qualified customers
https://www.tesla.com/modely/design#overview
Created 05-10-2024
at 08:08 PM
by ronimal
in
Autos
(2)
Get Tesla Coupons
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Recommended Deal Alerts For You
What are Deal Alerts?
Want more deals like this?
Create a deal alert for Autos.
Add Deal Alert for Autos
186 Comments
Your comment cannot be blank.
Sign up for a Slickdeals account to remove this ad.
https://www.tesla.com/modely/design#overview
it is also still available for the $7500 tax credit.
https://www.tesla.com/modely/design#overview
Tesla is doing a 0.99% promotion rate for Model Y ordered between now and May 31st, 2024. Really good deal for those wanting to buy a Model Y
https://www.tesla.com/modely/design#overview
When manufacturers want to move metal they offer things like sub-vented finance rates. No one else is offering this because they are not desperate to move metal like Tesla is.
Market is saturated. People who wanted EVs bought them and there are a lot better options than Tesla now so they are getting desperate.
Sorry for the bad news,
In any case, an EV can save you money on fuel costs over an ICE vehicle. How much it saves depends on many factors.
Let's say you average 250 watt hours per mile (lower end of reports I've seen from Model Y owners). That's 1 kWh to go 4 miles. If you only charge at home, and your electricity costs $.20 per kWh (using a value above average for the United States), you can drive 40 miles for $2.00. If gas is currently $3.50 per gallon, the car is effectively getting about 70 MPG. If gas is cheaper, your effective MPG is lower. If electricity is cheaper for you, your effective MPG is higher.
If you need to pay to charge elsewhere at higher rates, your effective MPG is lower. Gas prices are currently about $3.63 per gallon on average, which makes EVs a fair amount cheaper to drive than ICE vehicles unless electricity rates spike up and/or gas prices plunge.
However, factor in insurance costs (typically higher for Teslas than other vehicles -- although I quoted a Model Y recently just to see what it would cost and it was only about $500 a year more than my 2020 Kia Sorento but only about $10 a month more than a similarly-priced small/mid-size SUV) and there might not be any real savings over a similarly priced ICE vehicle. Other considerations are maintenance. Consumer Reports estimates Teslas are the cheapest vehicles, on average, to maintain over 5 years (not much lower than Toyotas though).
If you don't have a Level 2 charger at home, that will cost you to buy one and get it installed.
Put all this together and you might still come out ahead with a Model Y, especially if you're considering spending around $40,000 on a vehicle. Depreciation differences in vehicles is something to consider. There are many considerations, but ongoing costs for a Model Y are likely similar to or lower than similarly-priced vehicles.
An EV can save you money on fuel costs over an ICE vehicle. However, how much it saves depends on many factors.
Let's say you average 250 watt hours per mile (lower end of reports I've seen from Model Y owners). That's 1 kWh to go 4 miles. If you only charge at home, and your electricity costs $.20 per kWh, you can drive 40 miles for $2.00. If gas is currently $3.50 per gallon, the car is effectively getting about 70 miles per gallon. If gas is cheaper, your effective MPG is lower. If gas is more expensive, your effective MPG is higher. If electricity is cheaper for you, your effective MPG is higher.
If you need to pay to charge elsewhere at higher rates, your effective MPG is lower.
Factor in insurance costs (typically higher for Teslas than other vehicles) and there might not be any real savings over a similarly priced ICE vehicle. However, Consumer Reports estimates Teslas are the cheapest vehicles on average to maintain over 5 years (not much lower than Toyotas though).
Just some considerations.
Great post. Insurance rates are the main problem with EVs currently. I have two "cheaper" EVs, Niro 22 and Leaf 23. Their insurance rates are comparable to ICE car rates, but when I would ask for the MY quote, it was much higher. Also, home charging for me is about 11c per kWh, and if someone drives a lot, EVgo most expensive plan of $12.99 a month has Early Bird price at 23c per kWh. I am interested in a refreshed MY, because of the ventilated seats, mainly.
When manufacturers want to move metal they offer things like sub-vented finance rates. No one else is offering this because they are not desperate to move metal like Tesla is.
Market is saturated. People who wanted EVs bought them and there are a lot better options than Tesla now so they are getting desperate.
Sorry for the bad news,
What are the other better EV options compared to Tesla? Genuine question cos I'm in the market to buy a new car right now
Sign up for a Slickdeals account to remove this ad.
An EV can save you money on fuel costs over an ICE vehicle. However, how much it saves depends on many factors.
Let's say you average 250 watt hours per mile (lower end of reports I've seen from Model Y owners). That's 1 kWh to go 4 miles. If you only charge at home, and your electricity costs $.20 per kWh, you can drive 40 miles for $2.00. If gas is currently $3.50 per gallon, the car is effectively getting about 70 miles per gallon. If gas is cheaper, your effective MPG is lower. If gas is more expensive, your effective MPG is higher. If electricity is cheaper for you, your effective MPG is higher.
If you need to pay to charge elsewhere at higher rates, your effective MPG is lower.
Factor in insurance costs (typically higher for Teslas than other vehicles) and there might not be any real savings over a similarly priced ICE vehicle. However, Consumer Reports estimates Teslas are the cheapest vehicles on average to maintain over 5 years (not much lower than Toyotas though).
Just some considerations.
If you have solar or cheap off peak electric rate economy gets even better.
My model 3 was the most reliable car I've ever Owned. Repair costs of $1500 over 5 years and 108k miles.
Compared to previous cars repair costs Parity with a Lexus ct200h, less than the toyota Rav 4. Less maintenance visits/time than both.
That excludes replacing tires once for each car in 100k miles.
Depreciation -Just sold it for 50% cost of a new one.
There aren't any for the price. I would take a look at the Kia ev6, but it will be a little bit more expensive especially since it doesn't have the $7500 tax credit. The couple of people in this thread trying to say this is the beginning of the end for Tesla or now isn't the time for EVs and that's why they are offering this financing rate 🙄 the model y was the top selling car last year, there are so many of them on the road here it's ridiculous to think they're going anywhere. Everyone I know that has one absolutely loves it, highly recommends it and says they would get another in a heartbeat.
I'm also looking at the model y and the ev6 for my next car and price wise and performance wise you aren't going to do better than the MY for $50k or less
When I looked at Mercedes EQS, I felt that the vehicle was losing its typical aesthetics that I liked in the past. Same for BMW, it's not just the typical looks I am used for these cars.
When manufacturers want to move metal they offer things like sub-vented finance rates. No one else is offering this because they are not desperate to move metal like Tesla is.
Market is saturated. People who wanted EVs bought them and there are a lot better options than Tesla now so they are getting desperate.
Sorry for the bad news,
The bad news? Lol. It's great news for me. Also, why isn't it available for the other models?
Way to totally ruin the point of this website.
Talk about self sabotage lol
When manufacturers want to move metal they offer things like sub-vented finance rates. No one else is offering this because they are not desperate to move metal like Tesla is.
Market is saturated. People who wanted EVs bought them and there are a lot better options than Tesla now so they are getting desperate.
Sorry for the bad news,
With all due respect, you don't know what you're talking about even if there were "a lot better options than Tesla" on the market, the mere fact that they lack reasonable infrastructure for cross country commutes relegates their buyers to local/daily commutes.
Thats why manufacturers are partnering with Tesla now to use its supercharge network and charging ports.
Tesla isn't getting desperate. It's pushing metal because it wants to forward its robotaxi idea and needs to incentivize new drivers on its FSD platform. That's all they care about right now.
With all due respect, you don't know what you're talking about even if there were "a lot better options than Tesla" on the market, the mere fact that they lack reasonable infrastructure for cross country commutes relegates their buyers to local/daily commutes.
Thats why manufacturers are partnering with Tesla now to use its supercharge network and charging ports.
Tesla isn't getting desperate. It's pushing metal because it wants to forward its robotaxi idea and needs to incentivize new drivers on its FSD platform. That's all they care about right now.
Robotaxi? Are you an investor?
Sign up for a Slickdeals account to remove this ad.
I wouldn't buy any EV now as the technology is changing too fast and depreciation is all over the place, mostly rapid and steep. I would only lease one for no more than 3 years, some states require that as a minimum to qualify for their rebates. Also most manufacturers are passing the $7500 credit along as they qualify automatically and you may not
I wouldn't pay too much attention to MSRP either as there are tons of programs out there to get you in an EV with huge rebates/discounts. You can probably get a ~$70K Cadillac Lyric for ~$500 a month all in depending on your state incentives.
Just about every mainstream manufacturer has some EVs to choose from, budget friendly all the way to real luxury. They probably have cheaper insurance and better dealer support if you need any repairs.
Tesla has lost the supercharger advantage as they are opening to most other manufacturers
Don't get caught up in the hype in these constant Tesla threads, they are posted by investors . This is how Tesla advertises.