How to Save $4,000 on Your Tesla with Option Credits
Hey everyone, Dennis here from DennisCW! Welcome back to another update packed with Tesla tips and tricks. In today’s post, I’m diving into a hot topic that’s been buzzing in our community: Tesla option credits. I’ll share how one of our viewers, Allison, managed to save a whopping $4,000 on her Tesla Model Y before delivery. Plus, I’ll provide actionable tips on how you can potentially snag similar discounts. Let’s jump right in!
Allison’s $4,000 Tesla Model Y Discount Breakdown
Shout out to Allison for sharing her incredible deal with us! She was able to slash $4,000 off her Tesla Model Y purchase through a combination of credits. Here’s how she did it:
- $2,000 Loyalty Credit: This discount is often available to previous Tesla owners (typically those with a 2021 or 2022 model, or older). If you’ve owned a Tesla before, it’s worth asking your sales advisor if you qualify for this credit. It never hurts to inquire!
- $2,000 Option Credit for 20-inch Helix Rims: Allison switched to an inventory vehicle for quicker delivery and, as a result, Tesla offered her a $2,000 credit on the 20-inch Helix 2.0 wheels. This is a fantastic example of an option credit, which can apply to specific upgrades like wheels, paint colors, or interior options.
Seeing a $4,000 referral credit line item on her order was pretty amazing! While I’m not personally a huge fan of the 20-inch rims (we have them on our launch series Model Y), getting them for free adds incredible value. If I were in her shoes, I’d consider painting them satin black for a sleeker look or trading them in with Unplugged Performance for a $1,000 credit toward new wheels (check the link in the description of my videos for details).
What Are Tesla Option Credits and How Can You Get Them?
Option credits are incentives Tesla offers, often toward the end of a month or quarter, to encourage buyers to take delivery sooner. Tesla’s sales goals are tied to quarterly performance, so they’re motivated to get vehicles out the door. This is where you, as a buyer, can potentially negotiate credits on certain options. Here are some key points and tips:
- Timing is Everything: These credits are most commonly available at the end of a quarter (March, June, September, December) when Tesla is pushing to meet sales targets. Right now, with end-of-month incentives like 1.99% APR financing on select models (Model 3, Model Y, Cybertruck, Model S/X), it’s a great time to ask.
- Eligible Options for Credits: Tesla may waive costs on items like paint color ($1,000–$2,000), tow hitch ($1,000), interior color ($1,000), or wheels ($2,000). However, they typically don’t cover upgrades like Full Self-Driving (FSD) or switching from rear-wheel drive to all-wheel drive. Also, it’s usually just one option credit at a time—stacking multiple credits is rare.
- Switch to Inventory Vehicles: Like Allison, switching to an inventory vehicle (one already built and ready for delivery) can increase your chances of getting a credit. Contact Tesla or visit a local store and ask if switching to an inventory model qualifies you for a discount or waiver.
- Ask Directly: Don’t be shy! If you’ve placed an order for a base model, reach out to Tesla via message or in person after getting your VIN. Say something like, “Hey, I see this inventory vehicle. If I switch to it and take delivery ASAP, can you offer an option credit?” They want you to take delivery quickly, so they might sweeten the deal.
Pro Tip: Community Sharing
I’d love to hear if you’ve scored an option credit or any other Tesla deal! DM me a screenshot on Instagram or post it in our super-secret Discord (link in my video descriptions). Let’s highlight these wins for the community to see what’s possible. With it being late in the month as I write this, we might even see better inventory incentives pop up soon, so stay tuned to the channel for updates.
Why Option Credits Matter
Saving thousands on a Tesla purchase can make a huge difference, especially with current financing offers and potential inventory discounts. For instance, taking delivery by the end of the month not only locks in low APR rates but also positions you to negotiate these hidden credits that Tesla doesn’t openly advertise. It’s like a secret weapon the sales team keeps in their back pocket, and now you’re in on it!
Bonus: Mini Revs Giveaway and Tesla Accessories
Before I wrap up this topic, a quick shout out to our partner, Mini Revs, the ultimate Tesla miniature company. Their replicas, like the black Cybertruck with a tiny ATV, are insanely detailed and perfect for any Tesla fan’s desk. They’re running a giveaway right now—use promo code Dennis for 10% off your order, and two random orders this month will win a free Cybertruck miniature. Check them out via the link in my video descriptions!
Also, if you’re a new Tesla owner, don’t forget to grab essential accessories. Tesla vehicles come with zero extras—not even a phone mount! I recommend checking out our partner Jowua for must-haves like phone mounts, center console organizers, and under-screen storage. Use our promo code for savings and free shipping on orders over $120. For all-weather floor mats, 3W Liners are my top pick—use promo code Dennis35 for 35% off. Links for all these are in my video descriptions, and using them supports the channel!
Final Thoughts
Option credits are a game-changer if you’re in the market for a Tesla and haven’t taken delivery yet. Allison’s $4,000 savings is proof that with the right timing and strategy, you can score significant discounts. Remember to ask about loyalty credits if you’re a returning Tesla owner, consider switching to inventory vehicles, and don’t hesitate to negotiate near the end of a quarter.
Have you managed to get an option credit or another Tesla deal? Let me know in the comments below, or join our Discord to chat with other Tesla enthusiasts. Don’t forget to subscribe to my channel and sign up for our free email newsletter (link in the description) for the latest Tesla news and tips. Thanks for reading, and I’ll see you in the next post!
Stay charged, DennisCW
