Posted on Thursday May 31, 2024
Hurry! You have just one day left to take advantage of Tesla's 0.99% APR promotional loan rate for the Model Y.
New Loan Rates:
60-month loan terms: The APR remains unchanged at 0.99%
Estimated Monthly Payment After Federal Tax Credit: $595/mo
72-month loan terms: The APR increases to 1.99%
Estimated Monthly Payment After Federal Tax Credit: $518/mo
84-month loan terms: The APR remains steady at 2.99%
Estimated Monthly Payment After Federal Tax Credit: $468/mo
What This Means for You
If you're planning to finance a Tesla Model Y, these new rates could impact your monthly payments and overall loan cost, especially for a 72-month term. The unchanged rates for the 60-month and 84-month terms provide stability for shorter or longer financing options.
Understanding the Changes
0.99% APR for ≤ 60 months: A competitive rate, ideal if you prefer lower overall interest costs and can handle higher monthly payments.
1.99% APR for 72 months: Reflects current market conditions, balancing monthly payment size and interest cost but at a slightly higher rate.
2.99% APR for 84 months: Offers the lowest monthly payments with predictability, though total interest is higher over the loan's life.
Current Market Advantage: In today's market, interest rates are generally rising, making this 0.99% APR incredibly attractive. Securing this rate now can save you thousands over the life of your loan compared to typical financing rates.
Tesla Model Y Highlights:
Performance: The Model Y offers impressive acceleration, top-notch handling, and a smooth, quiet ride.
Range and Efficiency: With a substantial range on a single charge, the Model Y is perfect for both daily commutes and long road trips.
Technology: Enjoy advanced features like Autopilot, over-the-air software updates, and a high-tech interior with a large touchscreen display.
Safety: Tesla vehicles consistently receive top safety ratings, and the Model Y is no exception, offering a suite of safety features and robust construction.
Don't miss out on this opportunity to drive one of the best electric SUVs on the market with the added benefit of historically low financing rates. Let us know what you think in the comments below!
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