How to Score 2.99% Financing on a Tesla Model Y (With Major Caveats)

How to Score 2.99% Financing on a Tesla Model Y (With Major Caveats)

Hey everyone, DennisCW here! If you're in the market for a Tesla Model Y and dreaming of ultra-low financing rates, I've got some insider info that could potentially save you a ton on interest. But let's kick things off with a massive caveat: You probably won't qualify for this. It's not straightforward, and it requires jumping through some serious hoops. That said, if you can make it work, you might snag a crazy 2.99% APR on your Model Y. I'll break it down step by step, plus share a cool wrap deal and a tip on protecting your credit before you apply. Let's dive in!

The 2.99% Financing Hack: Refinancing Through Nordstrom Federal Credit Union

First things first—Tesla isn't directly offering 2.99% right now. Their current lowest rate is 3.99% for 60 months. But here's where it gets interesting: You can potentially get down to 2.99% by refinancing through a credit union.

Enter Nordstrom Federal Credit Union (which, fun fact, is tied to the Nordstrom company, not a federal entity). If you work for Nordstrom, have a family member who does, or can find a way to join, this could be your ticket. From now until September 30, 2025, they're offering a refinance deal where you can get 1% lower than your current lender's APR on an existing auto loan.

How It Works:

1. Get Your Initial Loan: Finance your Model Y through Tesla or another lender at their standard rate (e.g., 3.99%).
2. Refinance with Nordstrom FCU: Once you're a member, refinance that loan. Boom—1% off means 2.99% APR.
3. Membership Requirements: It's easiest if you or a family member works at Nordstrom. Check their site for eligibility details—it seems somewhat accessible if you have the right connections.

I first spotted this when Model Y rates were at 3.49%, but the math still applies. Shoutout to Desiree for tipping me off—this works for Model Y or even Model 3 if that's your vibe. Remember, your mileage may vary, so do your homework and see if you qualify. It's a game-changer if you can pull it off!

Bonus Deal: Discounted Wraps for Your Model Y

While we're talking Tesla upgrades, let's chat about protecting and styling your ride. You might remember my red-wrapped Model Y (shoutout to FlexiShield paint protection film). Austin from AIM Wrap, who did the job, just opened a new shop in Southern California.

He's running a promotion: Heavily discounted wraps on three Model Ys to build some buzz on Facebook and beyond. If you're in the area and want a custom color or protective film, DM him on Instagram at @aim.wrap (I'll link it in the comments if you're watching the video). Mention "Dennis Steel" so he knows you're in the loop. Not sure about Model 3s, but it's worth asking if you're interested in wrapping your Tesla.

What do you think? Planning to finance or wrap your Tesla? Drop your thoughts in the comments!

Protect Your Credit Before Financing: Sponsored by Aura

Before you even think about applying for that Tesla loan, there's one crucial step: Protect your credit. Seriously—recent breaches like the one at Bank of America (where they waited a month to notify customers) show how vulnerable your info is. Your Social Security number, phone, and email could be floating on the dark web without you knowing. On average, companies take 277 days (that's nine months!) to report breaches.

That's why I use Aura, today's sponsor. Aura scans the dark web for your personal info—like socials, bank details, and more—and alerts you immediately. Plus, it packs in tools to block spam calls, remove your data from shady broker sites, and even includes $5 million in identity theft insurance. All in one easy app.

Try it free for 14 days at aura.com/denniscw (link in the description). Don't wait until it's too late—it's like enabling Sentry Mode before your car gets keyed. I'm protected, and you should be too, especially if you're financing a big purchase like a Tesla.

Wrapping It Up

There you have it: A potential path to 2.99% financing on your Model Y, a sweet wrap deal, and a reminder to safeguard your identity. These tips could make your Tesla ownership even more affordable and stylish. If you've got questions or your own hacks, hit me up in the comments. Drive safe, and I'll catch you in the next video!

Disclaimer: Financing deals and promotions can change, so verify details with the providers. This isn't financial advice—consult a professional.