Tesla Model Y Rear-Wheel Drive: 1.99% Financing Now Available!

Hey everyone, DennisCW here! Welcome back to another exciting update on all things Tesla. Today, I’m thrilled to dive into a hot topic that just dropped: Tesla has extended an incredible 1.99% financing offer to their most affordable Model Y yet—the rear-wheel drive (RWD) variant. This is arguably the best value Tesla out there right now, and I’m breaking down everything you need to know about this deal, along with some additional insights on inventory, incentives, and more. Let’s get into it!

Unpacking the 1.99% Financing Offer for Model Y RWD

Tesla’s latest move to offer 1.99% financing on the Model Y rear-wheel drive is a game-changer for anyone looking to get into a Tesla on a budget. This is the cheapest Model Y variant that just hit the market, and with this financing rate, it’s more accessible than ever. Here are the key details:

• Availability: The offer is valid for well-qualified buyers who order a new Model Y RWD on or after June 9th and take delivery by June 30th, 2025. (Note: For the all-wheel drive Model Y, the order must be placed by June 16th.)
• Financing Terms: You can secure 1.99% financing for up to 72 months. If you opt for zero down, the rate bumps to 2.99% for the same term.
• Requirements: A minimum down payment of 15% (plus taxes and fees) is required, though the $7,500 federal tax credit can be applied toward this if you qualify. You’ll also need to complete your credit application (with a hard inquiry) by the deadline.
• Stackable Incentives: This deal stacks with programs like the military discount and full self-driving (FSD) transfer program, but it cannot be combined with the $2,000 Model Y loyalty incentive. You’ll need to pick one or the other.

For context, with a $4,000 down payment and the $7,500 tax credit factored in, monthly payments on a Model Y RWD could be around $500/month at this rate. That’s a fantastic deal for a vehicle with the highest range in its class and no missing features compared to the all-wheel drive (AWD) variant. Living in California, I’d personally opt for the RWD with FSD—it’s all I need without the added cost of AWD.

Pro Tip: Don’t forget to use a Tesla referral code (like the one in the description of my video) to snag 3 months of free FSD with your purchase. It’s a small step that adds big value and supports the channel!

Why Now? Inventory Spikes and Tesla’s Aggressive Push

You might be wondering why Tesla is rolling out such an enticing offer. Well, a quick look at their inventory tells the story. The Model Y inventory (especially RWD and long-range AWD) has spiked recently, with plenty of brand-new vehicles available across various colors and builds. You can check this out yourself on Tesla’s inventory page at tesla.com.

This surge in inventory likely prompted Tesla to sweeten the deal with 1.99% financing to move units before the end of Q2. My prediction? If this doesn’t boost sales as expected, we could see even better incentives in Q3 or Q4—potentially inventory discounts or even 0% financing. Some of you in the comments mentioned waiting for 0% or deeper discounts, and I agree, it’s tempting to hold off. But with the federal $7,500 tax credit potentially on the chopping block depending on future legislation, acting now might be the safer bet.

Is the Model Y RWD Right for You?

The Model Y RWD isn’t just affordable—it’s a solid choice for many drivers. It offers the same features as the AWD (same sound system, speakers, etc.), more range, and less weight. For those in milder climates like California, Texas, or Florida, AWD isn’t a necessity. However, if you’re in an area with snow or inclement weather, AWD might still be the better pick for safety and resale value.

I’m curious to hear from you—does this 1.99% financing push you to order a Model Y RWD, or are you holding out for more aggressive deals like 0% financing or inventory discounts? Drop your thoughts in the comments!

Protect Your Investment: Must-Have Tesla Accessories

Once you’ve secured your Model Y, don’t forget to protect it and enhance your ownership experience with the right accessories. Tesla vehicles come with zero accessories—not even a phone mount! Here are my top recommendations:

• DIY Paint Protection Film by Tesbros: Save thousands by applying it yourself with their kits (Essentials, Partial, Front, or Full Coverage). Use my promo code in the video description for a discount and to support the channel.
• All-Weather Floor Mats by 3W Liners: My favorite set after testing many brands. They’re high-quality, affordable (under $100 with my promo code), and now available for the Juniper Model Y. Use code Dennis35 for 35% off.
• Phone Mounts and More by Jowua: From adjustable phone mounts to center console organizers and even portable air compressors, Jowua has you covered. Use my promo code for savings and free shipping on orders over $120.

These accessories aren’t just nice-to-haves—they’re essentials for protecting your investment and making your Tesla experience seamless.

Protect Your Credit Before Financing

If you’re planning to finance your Tesla, there’s one crucial step before applying: protect your credit. Data breaches, like the recent one at Bank of America, can expose your personal info for months before you’re notified. That’s why I use Aura, today’s sponsor, to monitor the dark web for my data, reduce spam calls, and remove my info from sketchy broker sites. Aura also offers up to $5 million in identity theft insurance, all in one easy app. Try it free for 14 days at aura.com/denniscw (link in the video description). Don’t wait until it’s too late—protect your credit now.

What’s Next for Tesla Incentives and Models?

Beyond this financing deal, there’s a lot to keep an eye on. Tesla’s inventory buildup could lead to bigger discounts on AWD models, potentially narrowing the price gap with RWD. There’s also buzz about a possible 7-seater Model Y concept, which could be a game-changer for families, though I have concerns about headroom and safety in the third row of the current design. Would you buy a 7-seater Model Y, or would you lean toward a Model X instead? Let me know!

Lastly, I shared a wild deal in the video—someone reportedly stacked discounts for $18,000 off a Model Y, including federal and state rebates, loyalty bonuses, and more. While not all details are verified, it shows how creative stacking of incentives can lead to massive savings. If you’ve got a deal to share, hit me up!

Join the Community and Stay Updated

Thanks for tuning in to this update! If you want to stay on top of the latest Tesla deals and hacks, sign up for my free email newsletter (link in the video description). You can also join the conversation by commenting below or sending me a DM on Instagram for exclusive tips, like getting FSD at half off on new deliveries.

What do you think of the 1.99% financing on the Model Y RWD? Are you jumping on this deal, or waiting for something better? Let’s chat in the comments, and don’t forget to like and subscribe for more Tesla content. See you in the next one!

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Disclaimer: All rates and monthly payment estimates mentioned are illustrative and subject to change based on Tesla’s terms and your creditworthiness. Always read the fine print before making a purchase.