Tesla Model Y 1.99% Financing Ending Soon: Don’t Miss Out!

Hey everyone, DennisCW here! Welcome back to another post where I dive into the latest Tesla deals and hacks to help you save big on your next electric vehicle. Today, I’ve got an urgent update for anyone eyeing a Tesla Model Y—1.99% financing is ending in just a few days! If you’ve been on the fence about locking in this incredible offer, now is the time to act. Let’s break it down, plus cover some of the best deals, incentives, and tips to maximize your savings. Buckle up, and let’s get started!

1.99% Financing Deadline: Act Before It’s Gone

Tesla is currently offering 1.99% financing on the Model Y Rear-Wheel Drive and All-Wheel Drive models, but this deal is set to expire in just 3-4 days (around the 16th, depending on when you’re reading this). If you’re serious about taking advantage of this low rate, here’s what you need to do:

• Place your order and submit your credit application before the deadline. This is critical—don’t wait until the last minute!
• Keep in mind that while some Tesla reps suggest this deadline is firm, there’s a chance it could be extended to the end of the month. That said, I wouldn’t risk it.

This financing offer is especially attractive for the Model Y, one of Tesla’s most popular vehicles. With inventory on the rise, there’s potential for even better deals later this month, but locking in this rate now could save you thousands in interest over the life of your loan.

Pro Tip: If you’re approved for 1.99%, ensure your credit score (ideally 760+), auto loan history, and down payment meet Tesla’s terms. Some viewers have reported being offered higher rates like 2.9% due to credit or other factors, so double-check your eligibility with Tesla’s pre-qualification tool.

Current Tesla Model Y Inventory Deals: What’s Out There?

While the 1.99% financing is the star of the show, I’ve been scouring Tesla’s inventory for the best discounts on Model Ys. Spoiler alert: the deals aren’t amazing right now, but there’s room for improvement as we approach the end of the month. Here’s what I found:

• Biggest Discount: A Launch Series Long Range All-Wheel Drive Model Y with $1,220 off—the best I could find nationwide.
• Non-Launch Series: A Long Range All-Wheel Drive with $1,100 off.
• General Range: Most inventory discounts are hovering between $500-$1,000 off, with demo vehicles often having higher mileage (e.g., 2,000 miles for just $1,000 off). I’d hold off on these unless the mileage-to-discount ratio improves.

I’m optimistic we’ll see bigger inventory dumps and demo discounts (think $2,000-$3,000 off) by month’s end. If you spot a better deal in your area, drop it in the comments—I’d love to hear about it!

Stackable Incentives: Maximize Your Savings

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

• Federal Tax Credit: Up to $7,500 if you qualify.
• State and Local Rebates: Check out websites like Electric For All (plug in your zip code) to discover state-level incentives or utility rebates. For example, Oregon offers a state rebate that some buyers have stacked with other discounts.
• Tesla Loyalty Bonus: A $2,000 discount if you’ve owned a previous Tesla (I qualify for this one myself!).
• Military Discount (America’s Heroes): $1,000 off—easy to verify via ID.me, and eligibility extends to family members in many cases.
• Lift Driver Incentive: Another easy-to-get discount, though it doesn’t stack with the America’s Heroes program.

Quick Note: Use a Tesla referral code (like mine in the description of my videos) when ordering to get 3 months of Full Self-Driving (FSD) for free. Every little bit helps!

Model Y vs. Model 3: Which Should You Buy?

A common question I get is whether to go for the Model Y or the Model 3. After crunching the numbers and driving both recently, here’s my take:

• Pricing Comparison (Long Range AWD):
  • Model 3: ~$39,990 base, 0% financing, ~$666/month (60 months), total cost ~$45,689.
  • Model Y: ~$41,490 base, 1.99% financing, ~$727/month (60 months), total cost ~$49,430.
• Difference: Just under $100/month or $2,000-$3,000 total with interest.

My Verdict: I’d choose the Model Y 7-8 times out of 10. It offers more utility, space, and the latest features (like updated cameras for FSD). The Model 3 shines if you crave a sportier, lower-to-the-ground driving experience, but for most people, the Model Y’s value and practicality win out.

What do you think? Let me know in the comments which one you’re leaning toward!

Protect Your Credit Before Financing

Before you apply for any financing, let’s talk about protecting your credit. Data breaches are real—Bank of America recently had one and didn’t notify customers for a month! That’s why I use Aura, today’s sponsor, to safeguard my online data. Aura scans the dark web for my info (social security, bank details, etc.), reduces spam calls, removes my data from sketchy broker sites, and offers up to $5 million in identity theft insurance—all in one app.

You can try Aura free for 14 days at aura.com/denniscw. Don’t wait until your data is compromised—protect yourself before applying for financing. I’m using it, and you should too!

Must-Have Tesla Accessories

One thing new Tesla owners often overlook is that your car comes with zero accessories—not even a phone mount! I’ve partnered with Jowua to bring you some of my favorite must-haves:

• Phone Mount: Keep your device secure during acceleration.
• Center Console Organizer: Avoid losing stuff in the chaos.
• Underscreen Station Mount: Perfect for storing sunglasses.

Jowua also offers cool extras like a wireless game controller, portable air compressor, and even an electric scooter for those long walks from chargers. Use my promo code (check my video descriptions) to save money and get free shipping on orders over $120. Link below in my videos!

Bonus: Selling Your Old Vehicle?

If you’re trading in or selling your old car to buy a Tesla, check out my friend Chip. He’s looking to buy vehicles and offers maximum value—especially if you’re on the East Coast or Central US (he’s based in Tennessee). Fill out the form in my video descriptions and mention “DennisCW” so he knows where you came from.

What’s Next for Tesla Deals?

With Model Y inventory rising, I’m predicting even lower financing rates later this year—possibly 0.99% in Q3 and 0% in Q4. Leasing rates could also drop, though likely not below the Model 3’s current offers. Plus, keep an eye out for more demo inventory drops for bigger discounts.

Got questions about a specific Model Y build or deal? Drop them in the comments! I’m also curious to hear what colors or configs you’re going for. (Personally, I’d pick a Rear-Wheel Drive in Diamond Black with white interior and FSD—perfect for California driving.)

Let’s Keep the Conversation Going

Thanks for reading, everyone! If you’re planning to order a Tesla Model Y before the 1.99% financing ends, don’t forget to act fast and use a referral code for extra perks. Subscribe to my newsletter (link in my video descriptions) for the latest updates, and let me know your thoughts below. Are you snagging this deal, or waiting for better offers? Let’s chat!

Until next time, stay charged and drive smart!

— DennisCW