Tesla Extends 1.99% Financing on Model Y: Best Deals and Updates
Hey everyone, DennisCW here! Welcome back to another update on all things Tesla. If you’ve been following my channel, you know I’m all about hacking the best Tesla deals, and today I’ve got some exciting news to share. Tesla has quietly extended the 1.99% financing offer for the Model Y All-Wheel Drive (AWD), aligning its end date with the Rear-Wheel Drive (RWD) offer—June 30th. We predicted this might happen, and now it’s official! Stick around as I break down the details, share tips on snagging the best deal, and cover other hot Tesla topics. Let’s dive in!
Tesla Model Y 1.99% Financing Extended: What You Need to Know
Last night, Tesla updated their website to confirm the extension of the 1.99% financing offer for the Model Y AWD. Previously, the deadline to place an order and complete a credit application was yesterday, but now you’ve got until June 30th to take delivery and lock in this incredible rate. Here are the key points to keep in mind:
- Delivery Deadline: You must take delivery by June 30th. If your estimated delivery date is in July, Tesla likely won’t honor the 1.99% rate.
- Inventory Tip: Opt for an inventory vehicle to increase your chances of meeting the deadline. Custom orders might push delivery past June 30th.
- Down Payment: A 15% down payment is required. For a Model Y priced between $45,000 and $50,000, that’s roughly $8,000 to $10,000 out of pocket.
- Federal Tax Credit: If you qualify for the $7,500 federal EV tax credit, you can use part of it to offset the down payment. Some buyers have reported getting away with as little as $4,000 out of pocket after applying the credit.
- Loyalty Offer Limitation: Unfortunately, you can’t stack the $2,000 Model Y loyalty offer with the 1.99% financing. You’ll need to choose one or the other, but the interest savings might make the financing deal more attractive depending on your situation.
If you’re ready to jump on this deal, don’t forget to use a Tesla referral code (like the one in the description of my videos) to get 3 months of Full Self-Driving (FSD) for free and support the channel. Also, Tesla offers a pre-qualification option with a soft credit inquiry, or you can place a $250 non-refundable deposit to proceed with a full application.
Inventory Trends: Model Y and Model 3 Insights
Looking at the inventory charts, there’s been a noticeable dip in Model Y stock, likely due to a last-minute rush of orders to lock in the 1.99% rate before the initial deadline. It’s possible Tesla might also be repricing some vehicles, so keep an eye out for potential inventory discounts in the coming days. On the flip side, Model 3 inventory has seen a massive increase. With 0% financing already in place for the Model 3, I’m curious if Tesla will sweeten the deal further—perhaps with free Supercharging or other incentives. Could this inventory buildup hint at a refreshed Model 3 with a front bumper camera? It’s speculative, but something to watch. Drop your thoughts in the comments!
Protect Your Credit Before Financing
If you’re planning to finance a Tesla, protecting your credit is crucial. Did you know that Bank of America recently had a data breach and didn’t notify customers for a month? On average, companies take 277 days to report breaches, leaving your personal info vulnerable. That’s why I use Aura, today’s sponsor, to safeguard my data. Aura scans the dark web for my personal information, reduces spam calls, removes my data from sketchy broker sites, and offers up to $5 million in identity theft insurance—all in one app. Try Aura 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!
More Tesla and EV Updates
Federal EV Fee Removed from Senate Bill
Great news for EV owners! A proposed federal fee of $250/year for electric vehicles and $100/year for hybrids has been removed from the current Senate version of a major bill. While the legislation still has steps to go through, this is a win for now. However, there’s a catch—the $7,500 federal tax credit might be at risk. Stay tuned for more updates on this in the coming days.
Rumors of a Six-Seater Model Y with Extended Wheelbase
A new rumor suggests Tesla is working on a six-seater Model Y with a wheelbase extended by 15 cm (about 5.6 inches). Initially expected for China, it might also launch in other regions based on recent code leaks (version 2025.20). This could be Tesla’s response to demand for larger family-friendly EVs, competing with models like the Rivian R1S or Kia EV9. What do you think about a bigger Model Y? Let me know!
Tesla Production Pause at Austin Factory
According to Reuters, Tesla is reportedly pausing production of the Model Y and Cybertruck at their Austin factory for a week starting June 30th. Is this due to inventory buildup, or are they retooling for a new trim—perhaps a seven-seater Model Y or a performance variant? With inventory levels fluctuating, this could lead to better deals and incentives soon. I’ll keep you posted!
Bonus Deals and Partnerships
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- Jowua Accessories: From phone mounts to center console organizers, Jowua has essential Tesla accessories. Use my promo code for a discount and free shipping on orders over $120 (link in description).
- Hybrid Electric Sales: If you’re trading in or selling your current vehicle, my friend Chip at Hybrid Electric Sales in Tennessee can get you maximum value. Mention “Dennis Deal” when you contact him (link in description).
Final Thoughts and What’s Next
With the 1.99% financing extended until June 30th, now’s a great time to act if you’re in the market for a Model Y. I don’t foresee deeper inventory discounts immediately, but stay tuned for tomorrow’s video where I’ll share more potential incentives and strategies to get the best deal before the month ends. Are you planning to place an order, or are you holding out for 0% financing later this year? Let me know in the comments!
If you found this update helpful, don’t forget to like, subscribe, and join my free email newsletter (link in description) for the latest Tesla deal hacks. Thanks for tuning in, and I’ll see you in the next one!
-DennisCW
