Hey everyone, DennisCW here! I’m beyond excited to share some fresh news straight from Tesla’s latest updates. Just like clockwork on Thursdays, Tesla has dropped a brand-new incentive for the Tesla Model Y Juniper refresh, and it’s a game-changer. We’re talking about a 1.99% APR financing rate for well-qualified buyers! Big shoutout to Jesus, TK, and everyone who spotted this during my last livestream. Let’s dive into the details, explore whether this could be a glitch, and figure out if this deal is worth jumping on right now.
Tesla’s latest incentive is a significant drop from the previous rates we’ve seen, which hovered around 5.49% APR. A financing rate of 1.99% is a massive saving on interest over the life of your loan for the brand-new Model Y Juniper. I had predicted that Tesla wouldn’t go straight to a 0% financing offer right out of the gate, and this 1.99% rate feels like a sweet spot for now. It also sets the stage for a potential 0% offer later this year, possibly in Q3 or Q4.
You can find this offer on Tesla’s official website, though it’s a bit hidden. When you head to the Model Y builder and switch to the finance tab, you might still see the old 5.49% rate listed in some sections. However, the 1.99% APR is clearly mentioned at the top for well-qualified buyers. There’s a slight discrepancy with the fine print still showing higher rates or zero down payment options at 5.84% APR over 72 months, which makes me wonder if this could be a soft glitch or a system update in progress. Tesla might still be rolling out the changes, so I’d advise caution before placing an order until the bottom section of the finance tab reflects the new rate.
While the 1.99% APR is exciting, it’s not 100% confirmed across all platforms yet. Tesla’s inventory site for the Model Y is also showcasing more vehicles, including the launch series in colors like gray, white, and red. However, when I checked inventory vehicles and even tried incognito mode to clear cache or cookies, the new rate wasn’t fully reflected everywhere. This could mean Tesla is still updating their systems, and we might see a clearer picture by tomorrow or after an official announcement from Tesla’s social media accounts like Tesla NA on X.
In the past, we’ve seen Tesla accidentally post offers (like the free Supercharging for three years) that were later adjusted or retracted. So, while you could place a $250 deposit to lock in your order, I’d recommend waiting for full confirmation. If you do decide to move forward, don’t forget to use a Tesla referral code (like the one in my video description) to snag 3 months of Full Self-Driving for free!
Interestingly, this promotion comes just two months after the first deliveries of the Model Y Juniper refresh in the US. Ordering opened around January 26, deliveries started in early March (I picked up mine on March 6), and now, in May, we’ve got this financing deal. Could this be tied to inventory buildup? Shoutout to Colton for sharing images of Tesla lots packed with Model Ys—though it’s unclear if these are pending sales or unsold units. Either way, Tesla seems motivated to push these vehicles out with attractive financing to keep the momentum going.
Dropping from 5.5% to 1.99% APR is a substantial saving on total interest paid over the loan term, especially for a vehicle like the Model Y. While it’s not the elusive 0% financing some of us are holding out for, it’s still a very respectable rate. I’m curious to hear from you all—does this deal tip the scales for you to buy now, or are you waiting for an even better offer later this year? Let me know in the comments below!
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During the livestream, I got some awesome feedback from you all. TK mentioned this rate is enough to buy, while others like CK are still waiting for the 1.99% to appear on their pending orders (you may need to reapply for financing to snag it). Nicholas shared the frustration of missing out on this rate after ordering last month, and others brought up minor suspension issues with their Model Ys, which I’ll address in a future video. Thanks for the unique voice feedback too, Akbar—I’m thrilled you enjoy the content even at 2x speed!
The 1.99% APR financing for the Tesla Model Y Juniper refresh is an exciting development, but with some inconsistencies on Tesla’s site, I’d recommend holding off until we get full confirmation. Keep an eye on Tesla’s official channels for updates. If this rate sticks, it’s a fantastic deal, and I can easily see Tesla sweetening the pot with a 0% offer by the end of the year.
What do you think? Is this financing rate the push you needed, or are you waiting for more? Drop your thoughts below, and if you’ve got questions about Tesla deal hacking, join my Patreon group (link in the video description) to chat directly with me. Don’t forget to like, comment, and subscribe for more Tesla updates. Thanks for reading, and I’ll see you in the next one!
-DennisCW
Tesla enthusiast and EV expert. Sharing tips on maximizing your Tesla ownership experience.