Tesla offers 1.99% Annual Percentage Rate (APR) financing for the new Model Y Long Range All-Wheel Drive (AWD) in the United States.

Tesla offers 1.99% Annual Percentage Rate (APR) financing for the new Model Y Long Range All-Wheel Drive (AWD) in the United States.

Tesla Offers Attractive Financing for Model Y Long Range AWD in the US

Tesla is offering an attractive financing deal for the Model Y Long Range AWD in the US, providing a 1.99% APR for eligible customers. The promotion, which is available for orders placed after May 3, 2025, requires orders to be made by August 31, 2024, and deliveries to be completed by September 30, 2024.

The promotional rate applies to financing terms between 36 to 72 months, making monthly payments approximately $28.64 per $1,000 financed for 36 months. This offer significantly undercuts the typical US financing rates of 5-6% and is considered one of Tesla’s best current deals to encourage purchases or upgrades.

It's important to note that this offer applies to any Model Y variant, including the Long Range AWD. However, the promotion is not available in the Canadian market and cannot be combined with the $2,000 Model Y Loyalty Incentive.

The promotion is exclusive to the US market and was announced by Tesla North America on their official North American X account. To qualify, buyers must meet Tesla’s credit requirements and take delivery before the specified date. There are no current cash rebates or federal incentives specific to this model and offer beyond finance rate savings, though some local incentives may still apply.

Tesla is known for running similar promotions, such as the one for the Model 3 in the US last year. However, the Model Y Long Range AWD promotion is only available for one month, and it is a limited-time offer. Tesla is expected to phase out such low-rate financing soon as demand has increased and federal tax incentives are ending.

[1] Tesla's official website

[2] U.S. Department of Energy's Alternative Fuels Data Center

[3] Electrek (electrek.co)

[5] Teslarati (teslarati.com)

This attractive financing deal for Tesla's Model Y Long Range AWD is not limited to just the vehicle's performance, extending to its lifestyle and financial appeal. With a 1.99% APR, this offer could potentially make owning a technologically advanced car more accessible for eligible customers in the US, reinforcing Tesla's commitment to promoting sustainable transportation solutions.

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