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forum thread Posted by elpablolv • May 3, 2025
forum thread Posted by elpablolv • May 3, 2025

Tesla Model Y 1.99% APR

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Tesla just launched 1.99 APR for the Model Y LR AWD version only.

1.99% APR or $0 Due at Signing available for well-qualified buyers*
Promotional rates valid for well-qualified buyers with excellent credit who order a new Model Y after May 2, 2025 with a minimum down payment of 15% plus applicable taxes and fees. If you qualify for the $7,500 federal tax credit, this amount can be used towards your down payment. All rates and monthly payments presented are illustrative estimates only. $0 due at signing with 2.99% APR for terms up to 72 months when qualified buyers apply the $7,500 Federal Tax Credit at point of sale. Not all applicants will qualify. Promotion is subject to change or end at any time, and cannot be applied retroactively. Used vehicles and enterprise sales not eligible. Offer cannot be combined with the $2,000 Model Y Loyalty Incentive, but can be combined with other Tesla promotions, like the Refer and Earn Program.


https://www.tesla.com/modely/desi...E#overview
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About the Poster
Tesla just launched 1.99 APR for the Model Y LR AWD version only.

1.99% APR or $0 Due at Signing available for well-qualified buyers*
Promotional rates valid for well-qualified buyers with excellent credit who order a new Model Y after May 2, 2025 with a minimum down payment of 15% plus applicable taxes and fees. If you qualify for the $7,500 federal tax credit, this amount can be used towards your down payment. All rates and monthly payments presented are illustrative estimates only. $0 due at signing with 2.99% APR for terms up to 72 months when qualified buyers apply the $7,500 Federal Tax Credit at point of sale. Not all applicants will qualify. Promotion is subject to change or end at any time, and cannot be applied retroactively. Used vehicles and enterprise sales not eligible. Offer cannot be combined with the $2,000 Model Y Loyalty Incentive, but can be combined with other Tesla promotions, like the Refer and Earn Program.


https://www.tesla.com/modely/desi...E#overview

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74 Comments

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May 3, 2025
1,606 Posts
Joined Dec 2011

This comment has been rated as unhelpful by Slickdeals users.

May 3, 2025
2,243 Posts
Joined Jun 2009
May 3, 2025
Deal_Breaker2
May 3, 2025
2,243 Posts
Did Tesla do away with 7 seat option for MY?
5
Original Poster
May 3, 2025
2,341 Posts
Joined Nov 2013
May 3, 2025
elpablolv
Original Poster
May 3, 2025
2,341 Posts
Quote from Deal_Breaker2 :
Did Tesla do away with 7 seat option for MY?
That version will be coming out soon. The Performance and RWD versions are also pending.
6
May 3, 2025
1,692 Posts
Joined Nov 2010
May 3, 2025
dragon911
May 3, 2025
1,692 Posts
Should be the same price on all colors
4
May 3, 2025
116 Posts
Joined Jun 2008
May 3, 2025
xh3f
May 3, 2025
116 Posts

Our community has rated this post as helpful. If you agree, why not thank xh3f

I tested drive Tesla Y two years ago and Ioniq 6/5. The road nosie and road bumps felt in a Tesla was unbearable. In comparison, it was much more smoother and quieter in the Ioniq. So I got an Ioniq 6, pretty much trouble free for the past two years, and the rides have always been comfortable.

A month back, I got myself in a Tesla 3 Uber. It brought me back the poor in-car experience that I had when I tested the Tesla.

Just telling my own personal experience tied to my own personal taste, for the car only; not politics related.
2
11
May 3, 2025
150 Posts
Joined Jun 2018
May 3, 2025
seansich
May 3, 2025
150 Posts
Low APR? I did NOT SEE that coming
5
9
May 3, 2025
1,698 Posts
Joined Sep 2005
May 3, 2025
livingaboard
May 3, 2025
1,698 Posts

Our community has rated this post as helpful. If you agree, why not thank livingaboard

I got my 2022 model 3 new and I bought it because I wanted a quicker car. Well I did get that. The road noise and ride quality from that year definitely needed improvement. Other than that my only complaint is that I wasn't anticipating as much of a drop off in residual value as I have. I have 64k total in the car with taxes and some upgrades and my car is worth somewhere in the $20's with 20k miles. That's ridiculous for a mint condition 3 year old car of any brand

My point is, even with their zero or 1.99 percent apr, the rapid decline in residual value outweighs that low apr. just know what you are getting into if you buy this car.
2
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May 3, 2025
3,544 Posts
Joined Dec 2006
May 3, 2025
Immacoolguy
May 3, 2025
3,544 Posts
Get an insurance quote before you buy one of these. Setting any politics aside these are way more expensive and lower quality than your other EV choices. And on top of that their death rates are outrageous. I wouldn't consider one even at -25% APY.
Last edited by Immacoolguy May 3, 2025 at 07:20 AM.
16
May 3, 2025
6,163 Posts
Joined Mar 2005
May 3, 2025
PedroR
May 3, 2025
6,163 Posts
Quote from seansich :
Low APR? I did NOT SEE that coming
Perhaps if you had LiDAR
5
2
May 3, 2025
1,582 Posts
Joined Feb 2008
May 3, 2025
rotorrocket
May 3, 2025
1,582 Posts
Quote from Immacoolguy :
Get an insurance quote before you buy one of these. Setting any politics aside these are way more expensive and lower quality than your other EV choices. And on top of that their death rates are outrageous. I wouldn't consider one even at -25% APY.

Not for me. Actually cheaper
6
May 3, 2025
3,544 Posts
Joined Dec 2006
May 3, 2025
Immacoolguy
May 3, 2025
3,544 Posts
Quote from rotorrocket :
Not for me. Actually cheaper
Doubt it. What were you driving before, a hellcat?
6
May 3, 2025
628 Posts
Joined Jun 2019
May 3, 2025
UniqueAlpaca719
May 3, 2025
628 Posts
Quote from xh3f :
I tested drive Tesla Y two years ago and Ioniq 6/5. The road nosie and road bumps felt in a Tesla was unbearable. In comparison, it was much more smoother and quieter in the Ioniq. So I got an Ioniq 6, pretty much trouble free for the past two years, and the rides have always been comfortable.

A month back, I got myself in a Tesla 3 Uber. It brought me back the poor in-car experience that I had when I tested the Tesla.

Just telling my own personal experience tied to my own personal taste, for the car only; not politics related.

Car company vs a tech company masquerading as a car company.
5
May 3, 2025
3,454 Posts
Joined Jun 2005
May 3, 2025
estoyloco
May 3, 2025
3,454 Posts
Quote from livingaboard :
I got my 2022 model 3 new and I bought it because I wanted a quicker car. Well I did get that. The road noise and ride quality from that year definitely needed improvement. Other than that my only complaint is that I wasn't anticipating as much of a drop off in residual value as I have. I have 64k total in the car with taxes and some upgrades and my car is worth somewhere in the $20's with 20k miles. That's ridiculous for a mint condition 3 year old car of any brand

My point is, even with their zero or 1.99 percent apr, the rapid decline in residual value outweighs that low apr. just know what you are getting into if you buy this car.

Your mistake was paying $64K for a model 3.
3
2
May 3, 2025
1,582 Posts
Joined Feb 2008

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Pro
May 3, 2025
17,432 Posts
Joined Aug 2009
May 3, 2025
PocketsThick
Pro
May 3, 2025
17,432 Posts
All ev cars depreciate in value a ton because of the ev rebates to try to force people into EV cars. I went through the entire process of researching every EV car with the intention of buying an EV car, only to back out because I found out that car dealerships where basically trying to syphon the entire used EV rebate for themselves. They play so many games. They'd even say a car was eligible for the used EV rebate when it wasn't eligible. The great thing about Tesla is that you don't have to deal with scummy dealerships. If we could get rid of dealerships tomorrow the world would be a better place. There is a reason Tesla has the largest marketcap of any car company in the world and among the best selling cars in America. They are game changers in the space.
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