Tesla Model Y Financing Gets Worse: Rates Rise to 3.99% and What's Next

Tesla Model Y Financing Just Got Worse: Rates Up to 3.99% and Key Updates

Hey everyone, Dennis here from DennisCW! If you're into Tesla deal hacking like I am, you've probably noticed some big changes lately. In my latest video, I dove deep into Tesla's sneaky financing updates for the Model Y, plus a bunch of exciting reveals about the new Model Y Long (or Model Y L as I'll call it). We also chatted about turn stalk retrofits, window tint tips, and more. If you haven't watched the video yet, check it out here. Let's break it all down in this post – and don't forget to subscribe to my free email newsletter in the description for more Tesla tips!

Tesla's Financing Shift: Model Y Rates Jump to 3.99%

Tesla is changing things up, and not in the best way for buyers. They've quietly bumped the financing rate for the new Model Y to 3.99% APR – up from 3.49%. Remember, it was as low as 1.99% last quarter! This feels like Tesla ripping off the band-aid without much warning, unlike their clear September 1st deadline for Model 3's 0% financing deal.

Why the change? Tesla's been hinting at limited inventory and urging folks to order now. If you're planning to buy, lock in your order ASAP – even if it's just with the $250 deposit (it's non-refundable but low-risk). This could secure better rates before they climb higher, maybe to 4.49% or 4.99% by month's end.

Pro tip: Use my Tesla referral code (linked below) for 3 months of free Full Self-Driving (FSD). If you're already getting FSD, it supports the channel!

Shoutout to viewer Faler451 for spotting this on Tesla's site – it's labeled as a "limited time" offer. What do you think? Could Tesla be planning to hike rates further and then offer deals like discounted FSD for lower rates? Drop your thoughts in the comments!

If you're shopping around, credit unions might compete at these levels. I'll cover refinancing options (like potentially 2.49%) in tomorrow's video – stay tuned.

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Don't Trade to Tesla – Maximize Your Trade-In Value

Looking to trade in your current ride? Skip Tesla's offer and check out my partner, Give Me The VIN (link below). They buy from home and often beat Tesla by thousands – one viewer got $3K more! Plus, enter their $25K cash giveaway.

Exciting Updates on the Model Y Long (Model Y L)

The Model Y L just debuted in China, and it's packed with features that could make it a game-changer. Here's the scoop:

• Third Row Seating: It's a 6-seater with reclining seats for more headroom (about a fist's worth for a 6ft person). But is it comfy for long trips? I'm skeptical – it looks tight, especially for adults. Great for kids, maybe, but I'd wait to sit in one.
• Adaptive Suspension: Prioritizes comfort for rear passengers – a big upgrade!
• Design Tweaks: Longer and taller than the standard Model Y, with squared-off elements like the screen (now 16 inches vs. 15.4) and seats. Wheels look sleek without covers.
• Cool Features: Motorized thigh support, 50W wireless charger with cooling fans, magnetic trunk storage lid, and a "Hey Tesla" voice prompt (hopefully coming to the US soon).
• Performance Concept: Imagine a Model Y L Performance with carbon fiber spoilers and badging – fingers crossed!

Demand is high with 35-40K reservations already. Would you get one, or stick with the standard Model Y for potential deals? Let me know!

Accessories Spotlight: Tesla vehicles come bare-bones. Grab must-haves from Jowah (use my promo code below for savings): phone mount, console organizer, under-screen storage, wireless controller, air compressor, and even an electric scooter. Free shipping over $120!

Turn Stalk Retrofit for New Model 3

Hate the button-only turn signals on the refreshed Model 3? Tesla's offering a retrofit in China for ~$350, replacing buttons with a traditional stalk. Available for post-Feb 2024 models. Would you pay for it? I'm team buttons – less effort once you're used to it. Aftermarket options exist, but Tesla's might integrate best.

Floor Mats Recommendation: Protect your interior with 3W Liners – my fave for all my Teslas. Use code DENNIS35 for 35% off (under $100/set with lifetime warranty). Link below!

Window Tint Cheat Code for New Tesla Owners

Tint is a must for heat rejection, especially with all that glass. Skip Tesla's app referral – it blasts your info randomly. Instead:

• Go for quality like XPEL Prime XR Plus (96% IR block).
• Pricing example: Model Y full tint (sides, rear, windshield) ~$950 installed.
• My picks: Unplugged Performance (LA area, includes mini-detail – use Dennis deal), OC Tint Solutions, or 24K Shine. Links below.
• Shades: 15% sides, 50% rear/back, 50-70% windshield.

Community Shoutouts and Q&A

Thanks to viewers like Clutch (got an Austin build from Fremont – wild!), Vulki (snagged an Ultra Red Model 3), and Sabrina (locked in deals on Quicksilver Model Y). Congrats on your new rides!

Questions from the stream:

• Switching orders? Yes, Tesla often allows it.
• FSD subscription on HW3? Test it for $99/month.
• Delivery delays? Inventory is low, so order early.

What are your thoughts on these updates? Comment below, hit like, and subscribe for more Tesla deal hacks. Use my links to support the channel – thanks for reading!

Disclosure: This post includes affiliate links and sponsorships.