Tesla Model 3 Incentives: Don't Miss Out!

Tesla Model 3 Incentives: Don't Miss Out!

Hey everyone, it's DennisCW here! If you're a Tesla enthusiast or considering jumping into the electric vehicle world, you won't want to miss this. Yesterday, Tesla dropped some exciting updates for the Model 3, including 0% financing, adjusted lease payments, and free options on certain trims. These changes could make now the perfect time to buy. In this post, I'll break it all down so you're fully prepared. Let's dive in!

Why Is Tesla Rolling Out These Incentives Now?

Tesla's latest moves have me thinking—why the sudden push? We're still early in the second quarter (just entering May), and typically, big incentives hit toward the end of the quarter in June. This could be Tesla learning from past quarters, where they scrambled with last-minute deals. Remember, last year they offered 0% financing on the Model 3 and Y starting in November and extending to mid-December? It seems like they're trying to spread out the excitement and avoid the end-of-quarter rush.

On the flip side, this might signal something bigger on the horizon. Rumors are swirling about a more affordable Model 3 or even a refresh with new features, like that elusive front bumper camera (which we've seen on the Model Y and Cybertruck). Could this be a final push for the current models? Or is it just about boosting demand? Analysts like Fred might call it a 'demand crisis,' but Tesla is still selling cars—maybe not at the volume they want. Whatever the reason, these incentives are worth your attention.

Breaking Down the Incentives

Tesla has packed a lot into this update, so let's get into the details. If you're eyeing a Model 3, here's what you need to know:

1. Financing Options: 0% vs. 0.99%

Tesla is making financing more attractive than ever. Here's the scoop:

• 0% Financing: You can snag this if you opt for 60 months or less and put down at least 15% (that's roughly $5,000 to $7,000, including taxes and fees). It's a straightforward way to save big on interest.
• 0.99% Alternative: If a 15% down payment isn't feasible, or you prefer a longer term (like 72 months), you can go with 0.99%. Using a quick calculation, this adds about $1,217 over five years. The big question: Can you invest that down payment elsewhere to earn more than $1,200? If yes, 0.99% might be the way to go; if not, the 0% option could save you more in the long run.

Don't forget, you can stack these with inventory discounts. We recently scrubbed the market and found deals ranging from $1,300 off on rear-wheel drive models to up to $5,700 on performance trims. Pro tip: Use a Tesla referral code (like the one in my video description) to add three months of Full Self-Driving for free!

2. Free Options on Model 3 Performance

If you're going for the Performance trim, things just got even better. Tesla is now offering these colors and interiors for free:

• Stealth Gray
• Solid White
• Deep Blue Metallic
• White Interior

This is a game-changer because it keeps the Model 3 Performance under the $55,000 threshold, making it eligible for the $7,500 federal tax credit. Combine that with inventory discounts, and you could drive away in a high-performance Model 3 for as low as $44,000–$45,000. If you're military-eligible, don't overlook the military program discount—just ensure your email matches across Tesla and ID.me.

3. Lease Payment Changes

Leasing got a tweak, but it's a mixed bag. Previously, it was $1,000 down and $299/month for 24 months. Now, it's zero down but $349/month. It looks like Tesla bumped the interest rate slightly, making it a bit less appealing. Still, if you're dead set on no down payment, this could work for you. Weigh the options carefully based on your budget.

My Advice: Is Now the Time to Buy?

With incentives like 0% financing and stacked discounts, the opportunities are endless. If you're serious about a Model 3, here's what I'd do:

• Hunt for inventory discounts on our deal spreadsheet (link in the video description).
• Lock in a deposit quickly.
• Use a referral code to maximize perks.

These deals might not last, especially with potential new models on the way. Let me know in the comments: Are you planning to pull the trigger on a Model 3 soon?

Don't Forget the Essentials: Must-Have Tesla Accessories

Once you've got your Tesla, you'll quickly realize it comes with zero accessories—not even a phone mount! As a Tesla owner myself, I recommend a few must-haves to enhance your experience:

• Phone Mount: Keeps your phone secure during those speedy accelerations.
• Center Console Organizer: Prevents you from losing small items in that cavernous space.
• Invisible Underscreen Station Mount: Perfect for stashing sunglasses or other essentials.

I've partnered with Joah for all my accessory needs, and they don't disappoint. They also offer cool extras like a wireless game controller, a portable air compressor, and even an electric scooter for those supercharger runs. Use my promo code (in the description) for savings and free shipping on orders over $120. It's a win-win—you get great gear, and it supports the channel!

Thanks for reading, and as always, hit that subscribe button if you enjoyed this breakdown. Drive safe, and let's chat in the comments!

DennisCW