Over the weekend, Tesla began a brand new financing promotion with their best-selling vehicle, the Model Y. Almost unthinkable in the current economy, Tesla is now offering 0.99% interest on their loans for all variants of the Model Y. This is an insanely amazing deal for those who’ve been holding back from purchasing a vehicle due to high interest rates.
Of course, there are some stipulations, but fairly minor ones. First of all, this deal only applies to loans ranging from 36 to 72 months, and 84-month loans do not qualify for this deal, as that option bumps the interest rate to 2.99%. The second factor to consider is that Tesla claims this offer only applies to “well-qualified buyers” whatever that means. We can safely assume Tesla won’t be too picky with who they consider “well-qualified buyers”, but the only way to know for sure is to apply for the loan to see if you qualify or not. But this new incredible low-interest loan option combined with the $7,500 federal tax credit that the Model Y still qualifies for, makes this vehicle one insane deal!
Over the weekend, Tesla launched a new financing promotion for its best-selling vehicle, the Model Y. Surprising many in the current economic climate, Tesla is now offering loans for all variants of the Model Y at an unbelievably low-interest rate of 0.99%. This deal creates an incredible opportunity for those who have been hesitating to finalize a Model Y purchase due to high interest rates.
While the offer comes with some conditions, they are relatively minor. Firstly, the promotion applies solely to loans spanning from 36 to 72 months, excluding 84-month loans, which carry a higher interest rate of 2.99%. Secondly, Tesla specifies that the offer is valid only for “well-qualified buyers,” although the exact criteria for qualification remain somewhat vague. Nevertheless, it’s reasonable to assume that Tesla won’t set overly strict standards for eligibility. The surest way to know if you qualify is by using Tesla’s pre-qualification tool on their website.
This new, remarkably low-interest loan option, coupled with the $7,500 federal tax credit still applicable to the Model Y, makes this vehicle an extraordinary deal for potential buyers. We’ll leave a link here for anyone interested in taking advantage of this promotion.
