Tesla Model Y financing rates just climbed to 2.49% across rear-wheel and all-wheel drive variants, ending the zero-percent deals that kicked off the year.
This Model Y APR increase marks another step in Tesla deals getting worse. Inventory has dried up fast, and buyers who wait risk missing the current window entirely.
Why rates moved higher
Earlier this year, zero-percent financing made Tesla ownership feel like free money. Now every Model Y configuration sits at 2.49%. The same pattern hit Model 3, where Tesla Model 3 lease deals rose from $299 to $439 for the rear-wheel drive and $449 for the premium version.
I warned for months that inventory would vanish and terms would tighten. That prediction is playing out exactly as expected.
What this means for buyers
If you order today you lock in the 2.49% rate even if it rises again before delivery. Anyone already in the queue can still add a Tesla referral — 3 months free FSD + low APR financing before taking delivery to secure three months of Full Self-Driving at no extra cost.
Check the latest numbers in my post on Tesla deals getting worse after Q3 earnings and the deeper dive on Tesla deals getting worse Model Y rates.
Bottom line
The window for decent financing is closing. If you need a Tesla before the end of the year, 2.49% is what you will pay. Waiting until 2025 looks increasingly unlikely to bring better Tesla Model Y financing rates or stronger lease terms.
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