Tesla End-of-Quarter Deals: Strategies to Lock in Incentives Before June 30th
Hey everyone, DennisCW here! As we approach the end of June, it’s that exciting time again—end of the quarter for Tesla. This means big incentives, potential deals, and a lot of strategic decisions for prospective buyers. In today’s blog post, I’m diving into the current Tesla offers, what might happen as we close out the month, and actionable strategies to ensure you don’t miss out on these time-sensitive deals. Plus, I’ll cover what to do if your delivery gets delayed into July. Let’s get started!
Current Tesla Incentives: What’s on the Table?
If you’re in the market for a Tesla, particularly a Model 3 or Model Y, you’re in luck. Tesla is rolling out some aggressive incentives to boost end-of-quarter sales. Here’s a quick rundown of what’s available as of now:
- 0% Financing on Model 3: Available for up to 60 months, but you must take delivery by June 30th.
- 1.99% Financing on Model Y: This applies to both all-wheel drive (AWD) and rear-wheel drive (RWD) models. For AWD, you need to order by June 16th, and for both, delivery must be by June 30th.
- Tesla Referral Code: Use a referral code (like mine in the video description) to get 3 months of Full Self-Driving (FSD) added to your vehicle.
- Full Self-Driving Transfer Program: A great option if you’re upgrading.
- America’s Heroes Program: $1,000 off for eligible buyers.
- Lyft Driver Credit: Another $1,000 in credits for Lyft drivers.
These offers are designed to push sales before the quarter ends, and Tesla historically gets even more aggressive as the deadline approaches. So, let’s talk strategy.
Should You Lock in a Deal Now or Wait for Better Offers?
A common question I’m getting is, “Should I place my order now, or wait for a better deal after June 16th?” It’s a valid concern, especially with the staggered deadlines for Model Y AWD (order by the 16th) and RWD (delivery by the 30th). Here’s my take:
- Place a Deposit as a Safety Net: For just $250, you can secure your spot and lock in the current 1.99% financing rate for Model Y (or 0% for Model 3). If a better offer comes along, Tesla has been known to allow cancellations (worst case, you lose the deposit) or apply the deposit to a new deal. They’ve also been flexible with refunds or credit opt-ins in the past.
- My Prediction for Model Y: Honestly, I don’t expect a better incentive for the AWD Model Y. Instead, I think Tesla will extend the 1.99% financing offer to June 30th for all trims to simplify the promotion and clear inventory. With so much stock on hand, it makes sense for them to push for deliveries by the end of the month. So, if you’re on the fence, placing a deposit now is a low-risk move.
Pro Tip: Don’t just place the deposit—complete the credit application as well. For the 1.99% rate on Model Y AWD, Tesla requires both to secure the financing.
Delivery Delays into July: What Should You Do?
I’ve been hearing from some of you that your estimated delivery dates (EDDs) for Model Y are being pushed into July, especially if you’re not near major Tesla factories like those in California or Texas. This is a logistical issue—Tesla prioritizes quicker deliveries to hit their quarterly numbers, so if you’re farther away, your vehicle might get diverted or delayed.
If your delivery is pushed past June 30th, you risk missing out on the current financing offers. Here are some strategies to counter this:
- Check Inventory Vehicles: Head to Tesla’s inventory page and filter by your zip code to find vehicles available for immediate delivery. You can also visit a local Tesla store or call them for assistance.
- Switch Your Order: If an inventory vehicle matches (or is close to) your desired configuration, switch your order to take delivery by June 30th and lock in the financing rate.
- Negotiate with Tesla Advisors: If your EDD is in July and you’re willing to compromise on color or features for an inventory vehicle, dangle the carrot. Tell your advisor you’re ready to take delivery ASAP if they can waive a fee (like a $1,000 wheel upgrade). I recently helped someone who got a $300 credit this way. Tesla wants those delivery numbers, so they might sweeten the deal.
The key takeaway? Don’t bank on Tesla extending the 1.99% or 0% financing past June 30th. Act now to secure a vehicle you can take delivery of before the deadline.
Selling or Trading In Your Vehicle?
If you’re buying a Tesla and need to offload your current car, I’ve got a great resource for you. I’m partnering with Chip, who you might know from our podcast. Based in Tennessee, Chip is looking to buy vehicles—whether it’s a Tesla, another EV, or a traditional car. He’s focused on getting you maximum value for your trade-in. Check out his website (linked in the video description) and mention “Dennis Deal” so he knows I sent you. Shoutout to everyone looking to sell their vehicle!
Protect Your Credit Before Financing
One last thing before you apply for Tesla financing—protect your credit. I can’t stress this enough. Recently, Bank of America had a data breach and didn’t notify customers for a month. On average, companies take 277 days (9 months!) to report breaches, leaving your personal info exposed without you even knowing.
That’s why I use Aura, today’s sponsor. Aura constantly scans the dark web for my social security number, bank info, and personal data, alerting me if anything pops up. It’s not just for breaches—Aura also reduces spam calls, removes my data from sketchy broker sites, and offers $5 million in identity theft insurance, all in one easy app. You can try it free for 14 days at aura.com/denniscw (link in the description). Don’t wait until it’s too late—protect your credit before applying for financing. I’m doing it, and you should too.
Final Thoughts
The end of June is a critical time for Tesla buyers. With 0% financing on Model 3 and 1.99% on Model Y, plus other incentives like referral bonuses and special programs, now is the time to act. Place a deposit to lock in current rates, check inventory for quicker delivery, and don’t hesitate to negotiate if your EDD gets pushed into July. I’d love to hear your thoughts—are you planning to buy a Tesla this month? Have any delivery concerns? Drop a comment below!
Thanks for reading, and I’ll see you in the next post or video. Stay charged!
-DennisCW
