Tesla Model Y Now Offered at 0.99% APR

Tesla is offering their Tesla Model Ys at 0.99% APR until May 31st, 2024.

Instead of lowering the price on the Tesla Model Y, Tesla is now offering a loan rate of 0.99% APR.

Great deal for anyone that was planning to finance their Model Y purchase

Link to Tesla's Deal

With this deal, you end up paying about $1000 in interest over the course of 5 years, while you can invest that money into government bonds and earn 5% which comes up to about $5000.

Even if you can afford the car outright, you should finance in this case.

Change my mind