Tesla Increases Model 3 Financing Rates: What's Next for Incentives?

Tesla Increases Model 3 Financing Rates: What's Next for Incentives?

Hey everyone, DennisCW here! If you're in the market for a Tesla, you might want to pay close attention to this. Tesla is sticking to their word and gradually dialing back those sweet incentives we've all been enjoying. Just last time, it was the Model Y that saw changes, and now it's the Model 3's turn. Let's dive into the details and what this could mean for you.

The Latest Change: Model 3 Financing Rates Go Up

Tesla has bumped up the financing rate for the Model 3 from 2.49% to 2.99%—that's without adding Full Self-Driving (FSD). It's a small increase, but it's a step in the direction of fewer deals. However, if you're planning to include FSD—either by purchasing it outright or transferring it—you can still snag a fantastic 2.0% rate. This promo has an end date, so if you're eyeing FSD anyway, this could be a slick way to save big on financing.

Speaking of deals, if you're interested in a crazy FSD package, feel free to DM me on Instagram. We've got some options that could make your Tesla purchase even sweeter. But act fast—these incentives are disappearing one by one.

A huge shoutout to Sahil from our secret Discord group (link in the description below) for spotting this change first and sharing it with the community. Thanks, Sahil!

What's Next on the Chopping Block?

With Tesla methodically reducing incentives, the big question is: What's coming next? Could we see the Model Y's rates climb to something like 4.49% or even 4.99%? Or maybe Tesla will shake things up with the Cybertruck, which has felt a bit stagnant lately. It's possible they could adjust in the other direction to boost interest, but based on the trend, it seems like deals are getting scarcer.

Don't forget, the $7,500 federal tax credit is set to expire by the end of September, and you need to take delivery by then to qualify. We're still early in the game, but if you're 100% committed to buying a Tesla, I strongly recommend placing a deposit now. It's non-refundable, but it gets you on the waiting list for a VIN, which could take 5-6 weeks according to Tesla's site. You're not locked in yet—it's just securing your spot.

And if you're placing that order, use a Tesla referral code like mine (linked below) to get three months of FSD for free. If you're already buying FSD, it supports the channel—win-win!

Why This Isn't the End of the World (Yet)

Sure, this is a step in the wrong direction, but let's keep perspective. 2.99% is still a killer rate compared to the market average of 6-7% for new vehicles. Even Tesla's standard non-promotional rate is 5.49%, so we're in good shape for now. If you're waiting for better deals, I hate to break it to you—they're likely only going to get worse as Tesla pulls back.

Protect Your Credit Before Financing

If you're planning to finance your Tesla, there's one crucial step: Protect your credit. Recently, Bank of America had a data breach and didn't notify customers for a month. Crazy, right? Your social security number, phone, and email could be exposed without you knowing. On average, companies take 277 days to report breaches—that's 9 months of vulnerability.

That's why I use Aura, today's sponsor. Aura scans the dark web for your info and alerts you immediately if anything pops up, like your social, bank details, or personal data. It's not just for breaches—they help reduce spam calls, remove your data from shady broker sites, and even include $5 million in identity theft insurance. All in one easy app.

Try Aura free for 14 days at aura.com/denniscw (link below). Don't wait until it's too late—protect yourself before applying for financing. It's like enabling Sentry Mode before your car gets keyed. I'm using it, and you should too!

Final Thoughts

Tesla's incentive cuts are ramping up, but there are still great opportunities if you act quickly. What do you think is next? Model Y adjustments? Cybertruck tweaks? Drop your thoughts in the comments below, and if this helped, smash that like button and subscribe for more Tesla updates.

Stay charged, DennisCW