Tesla Model Y 1.99% Financing: Don’t Miss Out Before It Ends!

Hey everyone, DennisCW here! If you’ve been eyeing a Tesla Model Y, now is the time to act. The incredible 1.99% financing offer on the Model Y Rear-Wheel Drive and All-Wheel Drive is coming to an end in just a few days. In this post, I’m breaking down everything you need to know to lock in this deal, avoid common mistakes, and stack additional incentives for maximum savings. Let’s dive in!

Act Fast: Deadline for 1.99% Financing

As of now, you’ve got just 3 or 4 days left to take advantage of Tesla’s 1.99% financing offer. This means you need to place your order and submit your credit application before the deadline, which is around Monday (the 16th). Don’t wait until the last minute—get your paperwork in ASAP to secure this low rate.

A quick note: While some Tesla reps have hinted that the deadline might be strict, I wouldn’t be surprised if this offer gets extended to the end of the month. Tesla often adjusts promotions based on inventory levels, and right now, Model Y inventory is on the rise. So, even if you miss the initial cutoff, keep an eye out for updates!

Current Tesla Model Y Inventory Discounts

While the 1.99% financing is the star of the show, let’s talk about inventory discounts. Spoiler alert: they’re not amazing right now. Most discounts on Model Ys are in the range of $500 to $1,000 off, though I did find a couple of standout deals:

• Launch Series Long Range All-Wheel Drive: $1,220 off (possibly the only one in the country at this discount).
• Non-Launch Long Range All-Wheel Drive: $1,100 off, the biggest non-launch discount I could find.

These aren’t jaw-dropping, and the mileage on some demo vehicles (like 2,000+ miles for just a $1,000 discount) doesn’t always make them the best value. I’m hopeful we’ll see bigger inventory dumps and demo discounts—potentially $2,000 to $3,000 off—later this month. If you spot a better deal in your area, drop a comment below; I’d love to hear about it!

Stack Incentives for Maximum Savings

Beyond financing and inventory discounts, there are several incentives you can stack to lower the cost of your Tesla Model Y. Here are some highlights:

• Federal Tax Credit: Up to $7,500, depending on eligibility.
• State and Local Rebates: Check out Electric For All and enter your zip code to see what’s available in your area. For example, Oregon offers a state rebate, and some local utilities provide additional incentives.
• Tesla Loyalty Bonus: If you’ve owned a Tesla before, you might qualify for a $2,000 discount. (I qualify for this one myself!)
• America’s Heroes Discount: A $1,000 discount for military personnel or related individuals—super easy to verify with ID.me.
• Lift Incentive: Another easy-to-get discount for rideshare drivers.

Important Note: Some incentives, like America’s Heroes and the Lift Driver Program, don’t stack with each other, so be sure to read the fine print.

Also, don’t forget to use a Tesla referral code (like mine in the description below) to get 3 months of Full Self-Driving (FSD) added to your vehicle for free!

Thinking of Trading In or Selling Your Old Vehicle?

If you’re upgrading to a Tesla Model Y and have a vehicle to trade in or sell, I’ve got a recommendation for you. My friend Chip, who’s been a guest on our podcast, is looking to buy used vehicles and offers maximum value. He’s based in Tennessee, so if you’re on the East Coast or in the Central US, it’s worth reaching out. Fill out the form (linked below) and mention “DennisCW” so he knows where you’re coming from. Give Chip a shot—you might be surprised at the offer!

Protect Your Credit Before Financing

If you’re planning to finance your Tesla, there’s one crucial step you need to take before applying: protect your credit. Recently, Bank of America had a data breach and didn’t notify customers for a full month. On average, companies wait 277 days to report breaches, leaving your personal info—like your Social Security number, phone number, and email—vulnerable for months without you knowing.

That’s why I use Aura, today’s sponsor, to keep my data safe. Aura constantly scans the dark web for any signs of my info and alerts me immediately. It’s not just for breaches—Aura also helps reduce spam calls, removes my data from sketchy broker sites, and offers up to $5 million in identity theft insurance. Everything is packed into one easy-to-use 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 now, just like I do.

Final Thoughts: What’s Your Plan?

The clock is ticking on the 1.99% financing offer for the Tesla Model Y, so don’t miss out. Whether you’re locking in this deal now or holding out for potential end-of-month inventory drops, make sure you’re prepared with your credit application and aware of all the incentives you can stack.

I’d love to hear from you! Are you planning to finance a Tesla Model Y? Have you found any killer inventory deals in your area? And what do you think about the rob taxi hype? (By the way, check out the cool rob taxi sticker from our friends at Tes Bros if you want to join the hype!) Drop your thoughts in the comments below.

Thanks for reading, and I’ll catch you in the next post!

— DennisCW