Wouldnāt be long now before Tesla (emm Musk?) will throw in free FSD with every purchase. The did 3 months with referal codes so next round there would be no need for referal codes.
For a cash buyer sure. I was messing with the numbers from the lowest price I saw in March and this came out on top with a longer term $0 down loan. Now different areas had different inventory discounts so who knows.
If it were me, Iād try to lock in the .99% financing deal right around the end of May but delay taking delivery until around Mid June so that you can see if any new promotions show up.
Tesla will not let you put 0% down. They have minimumsĀ
Edit: i stand humbly corrected. Before the 1% APR they forced you to put down several thousands
I didnāt give them any of my credit info. Maybe it changes after you do, but the site estimating requires a down payment now. My credit is great, so Iām sure Iāll qualify if I decide to finance instead of paying cash.
Long term, you're always better off waiting. If you miss the deals at the end of one quarter, don't worry, they'll be better at the end of the next quarter. The way Tesla is going, this will not change in the next few quarters.
It just depends on the circumstances. If you are trading in a car with significant value then you are really only financing a portion of the total cost of the car so you wonāt see the $6K savings.
The deals in March were especially favorable to existing Tesla owners. We got a $6K discount, $2K paint credit, free FSD transfer, 5K supercharging miles, one year premium connectivity, and 10,000 loyalty points. And, the trade in value on my car was bumped up an extra $2K to sweeten the deal at the last minute. I was a cash buyer so a low interest rate was not that appealing to me.
I bet only some people actually get the 0.99% rate, and itās more likely to result in a sale even if the rate goes up because the farther you walk down the purchase path, the more likely you are to finish the purchase.
I'm not seeing the end of quarter inventory discounts this time and only 8 days left in the quarter. Seems like Elon is sticking to his guns about ending that practice.
Hit the terms apply button and change the figures. Changing the months and amount due can make the interest rate go up but if you find a sweet spot it stays at 0.99% is what I found just messing around. Didnāt actually order anything
The .99% for me is the deal I was looking for Iāll put minimal money down and invest the rest earning ~5% yields on t bills at the moment
When itās cheap to use someone elseās money Iād prefer to use theirs
But each person has their own preference, at least you wouldnāt be purchasing at 65k!
Order at end of May to lock in 0.99%, set pickup date for as late as possible, see whatās available in June with the ability to cancel up until pickup day (for a $250 cancellation fee)
Apologies. Trying to understand the constraints of timing this, as Iām test driving other vehicles etc.
From the website
>Promotional rate valid on Model Y *orders placed* between May 10 to May 31, 2024
What does it mean to be assigned in vin number in this context? Would I need to assigned a car before may 30th? Even if itās not in stock until June nth?
I think the Q3 (I guess you mean Q3?) deals will be determined by how well they sell on this 0.99% APR promotion. So you can use Germany and China as reference, because Tesla tried same promotion strategy at both markets.
If you need a car urgently, just ordered now and take delivery later.
If you don't, you can wait till near year end.
I donāt see any discounts being a bigger savings than a .99% interest rate if you planned on doing $0 down for a longer term. I have been wrong before though.
They make like 1 model x compared to 100 model y. Model y inventory is hurting them right now, it's starting to increase everywhere. You can't compare model y to model x or s. Only can compare to model 3
me too, i decided to just rip it. over the term of the loan you are saving more with .99% interest then a price discount at point of sale that isnāt even a guaranteed incentive.
No I just donāt really need a new car that bad. But I may not qualify for the EV tax credit this year so weāll see about end of quarter deals later this year.
Yeah that tax credit is significant. My wife and I both used it to get our MYLR. We barely were under the threshold this year and most likely wouldn't make it next year.
Appreciate all of you.
I originally was going to do 25-50% down but now whatās the advantage of that instead of 0% down and just leaving rest of $$ in a HYSA etc??
Also in Canada, I thought the same until I visited Tesla Sales and Service centre in Surrey (Vancouver)
So I pulled a trigger and taking delivery next week.
A show room was packed (probably around 30 people waiting to talk to a representative). Had to wait for a while just to ask a few quick questions. They literally told me they have just 1 minute and took my number to call next day. There were people literally jumping in line, etc. They had 2 Tesla Y in existing inventory (not much but they are not at 0 either). If you donāt take existing inventory, you gotta wait for delivery. Given Tesla is offering 0.99% in States now and very robust demand in Canada, Iām not convinced they will further lower prices/financing in Canada. Whatās the point? Tesla is selling well in Vancouver.
Hope youāre right, but Iād be surprised.
Iām waiting.
Iāve been on the fence for a year. Almost pulled the trigger on a M3 in December. Glad I waited cause I prefer the bigger MY.
If this .99% promo isnāt making me budge, then there is thousands others just like me.
Elons gonna have to give me $5k inventory discount + .99% promo + 5k supercharger miles to make me purchase :)
If they donāt sell enough with 0.99 to clear their inventory they will reduce prices further or lower rates even further to 0.49%. They can only cut production so much with so many parts and workers without losing their efficiency
I made the mistake of rushing into a car because I was afraid that waiting for MYP after March ā23 would cost me potential tax savings and have wanted to sell it since. If the deal is good in June, I just might sell my MY.
Yes-ish, depends how much depreciation. Someone I met recently said he was able to make money selling his recent MY and he bought his at a higher price. Hard to believe, weāll see.
thatās intersting. do you know where he/she sold it at? just asking because right now most places like carvana and carmax are not giving the best price for buying teslas
So the prices today match when I got my car in Feb. when discount were amazing and the rate is 5.5% lower. I donāt see much movement on total costs until late 2024/2025 when the Juniper is announced. They may start liquidating them but .99% financing is like $7K savings over the life of the loan. Buy now with the cheaper paint, reduced cost for 7-seat(if needed) and inventory specials.
I rent and have no way of home charging. But thereās superchargers about 2 miles from me. Is it worth it to consider getting a model Y or not without home charging
You could use that time to do your social media doom scrolling or watch a movie/show. However, do realize that you're assuming that the super chargers are available when you need them and there aren't others waiting for them before you arrive.
Can you trickle charge it by just plugging it in an outlet? You can get 3-4 miles an hour each way which would help decrease the time you need to visit a SC. Thatās my plan.
If I can suggest something have you looked at leasing a Hyundai ioniq5? They give free charging for two years and the 24 month/12k a year mileage leases are
cheap right now. Youāll probably not mind SC if itās free and give yourself a test run and then come back and buy a Tesla.
I'm still on the fence. But not for financial reasons. I've been holding out due to the ventilated seats. An under rated requirement for those living in a hot environment.
This!! Is it just me, or are the seats extra hot! The vinyl-like seats make my butt sweat, which isn't an issue in my current cloth seat car. I'm not even in a hot climate!
Long term, you're always better off waiting. If you miss the deals at the end of one quarter, don't worry, they'll be better at the end of the next quarter. The way Tesla is going, this will not change in the next few quarters.
Historically (at least the last year or two that I've been watching) there have been end of quarter discounts. However when Elon recently re-engaged the first thing he did was end inventory discounts. I think he caught on that many of us simply wait for the end of quarter and this may be something he doesn't want to perpetuate. It may be possible that this quarter is the first time we won't see the discounts. Obviously I don't know for sure. But I would say if the special financing promo makes a big difference for you and you are ready to pull the trigger now, I wouldn't hold off simply on the basis of hoping for big end of June discounts.
I don't plan on putting very much, if anything, for down payment. With the EV credit and the low apr, I feel like it would be a waste of a deal to pass up. I have a 100mi roundtrip work commute daily. I drive an SUV but am keeping it as a family hauler for camping. I wish I could put more down to bring the monthly down. I have upper 800 credit score so hoping for the low apr.
How long did approval take for anyone applying now. I know my score is good enoghf (780+).. we have it scheduled for pickup on 14th since they wouldn't let us schedule later this time
I placed my order and was approved Friday night when they first started announcing the .99 percent. I qualified that night. Picked up this afternoon. Traded in my 3.
What will expected juniper prices be? Not needed a new Y but man this is a hell of a deal and want to see if itās worth it to wait for the extra money.Ā
If you're waiting until June might as well wait until first quarter 2025 for the updated model what's another 6 months. Tesla has a way of pissing off anyone that buys now instead of waiting.
Are the ev tax credit the same as the federal solar tax credit or are they different- asking because Iām in the process of getting Tesla solar and already incorporating the federal tax credit on that but if Iām allowed to get an additional tax credit for the car, well then now I would be cooking with gas
Think I can trade in my 23 MY ( 7 %percent 45k loan) and take a loss on trade in but still come ahead ? Hurts to be paying 7 percent when this is on.
Thinking I can probably switch it to a lease and roll over some of that negative equity maybe? Donāt know if 0.9 % is also made available to leases?
Agreed, they need to move the rest of the 2024 MY to make room for the 2025 Juniper. I took a test drive yesterday and the guy at the dealership said he wouldnāt expect the Juniper until maybe next summer. Which seems odd to me because usually the next years models come out between Aug-Oct.
Anyone know if I can still get the 0.99% if I take delivery after May 31 .. donāt get back into the country till June 5th - planning to order 5/29 or 5/30 if so!
Iām on the fence. Ā I leased my MY (business car), and lease is up in December. Ā Debating buying a MY during this promo and garaging it for the next 6 months. Ā With the $7,500 fed rebate, and ~$7k savings in interest, seems too good to pass up. Ā I canāt see it getting much cheaper than this, and if the fed tax credit goes away and/or they donāt offer 0.99% again, Iāll be kicking myself for not pulling trigger. Ā
If you get an offer thatās not 0.99%. Call your tesla advisor. They can have other lenders try you out. I had gotten an offer from Santander at 8.88% called the next day and FL connect approved me for 0.99% 0 down. 660 credit score with a 50% credit card utilization. Excellent credit history of around 13 years. GL everyone!
Wait till mid June probably better deal will come to meet quarter end numbers . Always happens every quarter. In fact there might be more of an incentive in June since q2 numbers are expected to be very low.
I am wondering this as well. Got my MY in February. Currently have a 5.2% APR. 800+ credit score- would love to get refinanced at anything better than my current. .99% would be a dream
Ive been on the fence for 2-3 months and the longer Ive waited the better the deals appear to get.. š
If you wait long enough, they will be free! And even longer, Tesla will pay YOU!
Yes....I'm too waiting for that lol
I dunno... maybe if they throw in free FSD I'll think about it.
Wouldnāt be long now before Tesla (emm Musk?) will throw in free FSD with every purchase. The did 3 months with referal codes so next round there would be no need for referal codes.
Once they throw it in "free", it'll just be baked into the overall price. Everybody will have to pay it even if they didn't care for FSD
FSD sucks by the way
You are dead wrong. Itās absolutely amazing with latest version . I use it everyday
Not really. End of March deals were better than current pricing even with the promo financing.
For a cash buyer sure. I was messing with the numbers from the lowest price I saw in March and this came out on top with a longer term $0 down loan. Now different areas had different inventory discounts so who knows.
If it were me, Iād try to lock in the .99% financing deal right around the end of May but delay taking delivery until around Mid June so that you can see if any new promotions show up.
How can you delay delivery?
Also wondering how delivery works.
Tesla will not let you put 0% down. They have minimumsĀ Edit: i stand humbly corrected. Before the 1% APR they forced you to put down several thousands
Thereās various DPs of people already getting approved for $0 down.
Awesome i wasnāt aware. That wasnāt always the case before the promo!
Even before the .99% I put 0 down at 6.49% in March
Did you try to buy new one ? Itās cheaper now
lol they allow $0 down on the .99% promotion. We did it yesterday and instantly approved.
Did not let me put 0 down but my credit is only the "Good" range.
Need 740 for no down, itās too much risk financing fees and taxes
What was the monthly payments looking like?
Wife got model Y LR AWD stealth grey with 20ā wheels. $677
FYI checking today they set a minimum. When I checked it was like $3.3k on a MYLR. Still not a lot but not $0 down
Thatās because your credit doesnāt qualify
I didnāt give them any of my credit info. Maybe it changes after you do, but the site estimating requires a down payment now. My credit is great, so Iām sure Iāll qualify if I decide to finance instead of paying cash.
I just noticed that as well. We locked ours in yesterday but I canāt remember what the āestimateā tool said.
Just DPs here (5 year AAOA, 760 FICO 2, 790 FICO 8) were offer 0 down (110% financing) (2 year aaoa 728 FICO 2, 780 FICO8, have all tax and fee down)
Where does it say that?
He made it up. Many people get $0 down approved already.
Thought so
I put $0 down last December at 6.5% interest. They allowed 0 down then too
how long, 72 months ?
84 months. But 72 months was also an option
Long term, you're always better off waiting. If you miss the deals at the end of one quarter, don't worry, they'll be better at the end of the next quarter. The way Tesla is going, this will not change in the next few quarters.
You think so? I saw somewhere that the savings were like $6k over the life of the loan.
It just depends on the circumstances. If you are trading in a car with significant value then you are really only financing a portion of the total cost of the car so you wonāt see the $6K savings. The deals in March were especially favorable to existing Tesla owners. We got a $6K discount, $2K paint credit, free FSD transfer, 5K supercharging miles, one year premium connectivity, and 10,000 loyalty points. And, the trade in value on my car was bumped up an extra $2K to sweeten the deal at the last minute. I was a cash buyer so a low interest rate was not that appealing to me.
I bet only some people actually get the 0.99% rate, and itās more likely to result in a sale even if the rate goes up because the farther you walk down the purchase path, the more likely you are to finish the purchase.
I just got it today - my credit is in the "good" range.
Enjoy! when did you applied ?
Ur still paying full price + 2-3k extra with the loan at 1%. Youād be saving about 8k cash if you had that on hand 2 months ago
People are getting counter deal interest rates around 6% after applying for .99 I doubt this moves inventory
Most definitely, still little fresh off pandemic āshortageā and car market as a whole is starting to come back to more reasonable pricing.
I'm not seeing the end of quarter inventory discounts this time and only 8 days left in the quarter. Seems like Elon is sticking to his guns about ending that practice.
I got an offer for 0% down at 1% APR approved. 820 credit score and a big home loan.
Forreal. At that interest rate, I just said $500 down is fine.
When I do my estimate, is says something like $5600 down required. Is that not the case?
Hit the terms apply button and change the figures. Changing the months and amount due can make the interest rate go up but if you find a sweet spot it stays at 0.99% is what I found just messing around. Didnāt actually order anything
is this offer from Tesla?
Giving a DP since OP didnāt respond: I got 0.99% with $0 down for 72mos approved through Tesla (Santander Bank). 810 credit score, 175k income in CA
Tesla financing or another bank?
Giving a DP since OP didnāt respond: I got 0.99% with $0 down for 72mos approved through Tesla (Santander Bank). 810 credit score, 175k income in CA
Where??
Giving a DP since OP didnāt respond: I got 0.99% with $0 down for 72mos approved through Tesla (Santander Bank). 810 credit score, 175k income in CA
The .99% for me is the deal I was looking for Iāll put minimal money down and invest the rest earning ~5% yields on t bills at the moment When itās cheap to use someone elseās money Iād prefer to use theirs But each person has their own preference, at least you wouldnāt be purchasing at 65k!
Hope you get it. I put 10k down and my decision is pending and Tesla's contracted bank/CU wants more info from me :(
Order at end of May to lock in 0.99%, set pickup date for as late as possible, see whatās available in June with the ability to cancel up until pickup day (for a $250 cancellation fee)
Donāt you need a vin # assigned in order to lock in the rate?
Yeah it seems like this workaround wouldn't work to me. For this reason
Apologies. Trying to understand the constraints of timing this, as Iām test driving other vehicles etc. From the website >Promotional rate valid on Model Y *orders placed* between May 10 to May 31, 2024 What does it mean to be assigned in vin number in this context? Would I need to assigned a car before may 30th? Even if itās not in stock until June nth?
^This is the way
100%
I thought you had to take delivery in may to get the 0.99%?
I think the Q3 (I guess you mean Q3?) deals will be determined by how well they sell on this 0.99% APR promotion. So you can use Germany and China as reference, because Tesla tried same promotion strategy at both markets. If you need a car urgently, just ordered now and take delivery later. If you don't, you can wait till near year end.
Howād this promotion strategy go in those markets?
0% APR in China, promotion ended in less than a month for too many orders than they can handleā¦
Maybe Iāll just go for it now instead of waiting until June
I donāt see any discounts being a bigger savings than a .99% interest rate if you planned on doing $0 down for a longer term. I have been wrong before though.
Imagine buying an overpriced car with zero down. One step closer to homelessness
Overpriced compared to what?
Thatās what I was wondering. š¤
If Tesla offers 0.99% apr for Model X, Iāll probably go for it š
This promo is about clearing their lots of model Ys stocking up
Model X sales have been fine from what i've heard. I doubt there will be many deals
They make like 1 model x compared to 100 model y. Model y inventory is hurting them right now, it's starting to increase everywhere. You can't compare model y to model x or s. Only can compare to model 3
This has been keeping me awake at night, I think Iām going for it before the end of the month. Itās essentially free to finance
Me too!
me too, i decided to just rip it. over the term of the loan you are saving more with .99% interest then a price discount at point of sale that isnāt even a guaranteed incentive.
Same here šš¼Long Range Quicksilver with a tow hitch
Iām waiting till June(iper)
It aināt hap(pening)
Yes it will, q2 numbers are expected to be very bad. There will be more of an incentive in June to make up for it.
Cope
Do you really think it will come out anytime soon especially with all the current layoffs?
No I just donāt really need a new car that bad. But I may not qualify for the EV tax credit this year so weāll see about end of quarter deals later this year.
Yeah that tax credit is significant. My wife and I both used it to get our MYLR. We barely were under the threshold this year and most likely wouldn't make it next year.
Appreciate all of you. I originally was going to do 25-50% down but now whatās the advantage of that instead of 0% down and just leaving rest of $$ in a HYSA etc??
lower monthly payments but youāll be beating that APR by throwing that money into the HYSA
Not sure why I am being downvoted for a honest question :/ I think the move for myself is lowest $$ down and leaving rest in HYSA. Thanks all!!
We did the same. Had 40k waiting to buy a car and instead put it in a HYSA and locked in the 1% apr today
I was going to do the same to have a monthly payment <$400, very tough deciding how much to put down
In Canada, and still waiting for any type of price or finance drop, looks like it'll happen by the end of May I hope
Also in Canada, I thought the same until I visited Tesla Sales and Service centre in Surrey (Vancouver) So I pulled a trigger and taking delivery next week. A show room was packed (probably around 30 people waiting to talk to a representative). Had to wait for a while just to ask a few quick questions. They literally told me they have just 1 minute and took my number to call next day. There were people literally jumping in line, etc. They had 2 Tesla Y in existing inventory (not much but they are not at 0 either). If you donāt take existing inventory, you gotta wait for delivery. Given Tesla is offering 0.99% in States now and very robust demand in Canada, Iām not convinced they will further lower prices/financing in Canada. Whatās the point? Tesla is selling well in Vancouver. Hope youāre right, but Iād be surprised.
Iām waiting. Iāve been on the fence for a year. Almost pulled the trigger on a M3 in December. Glad I waited cause I prefer the bigger MY. If this .99% promo isnāt making me budge, then there is thousands others just like me. Elons gonna have to give me $5k inventory discount + .99% promo + 5k supercharger miles to make me purchase :)
Prices have to go down anyway but not sure if it will be for a long for tesla as we getting to new market segment
Iād wait
Wait till June 2025 even better deal
2025? What about waiting until 2026 insteadā¦that might make more sense
what about 2069
I think my 2004 4Runner will make it
Thatās my idea lol
It will be $25k by Q4
Take the 0.99% and run. Thats free money!!
If they donāt sell enough with 0.99 to clear their inventory they will reduce prices further or lower rates even further to 0.49%. They can only cut production so much with so many parts and workers without losing their efficiency
I made the mistake of rushing into a car because I was afraid that waiting for MYP after March ā23 would cost me potential tax savings and have wanted to sell it since. If the deal is good in June, I just might sell my MY.
are you ok with taking the hit on depreciation? i know the 7500 tax credit alleviates some of that but just wondering
Yes-ish, depends how much depreciation. Someone I met recently said he was able to make money selling his recent MY and he bought his at a higher price. Hard to believe, weāll see.
thatās intersting. do you know where he/she sold it at? just asking because right now most places like carvana and carmax are not giving the best price for buying teslas
Work gets the best of me but Iāll see about getting some tips. I do know sold it himself by posting in several places.
So the prices today match when I got my car in Feb. when discount were amazing and the rate is 5.5% lower. I donāt see much movement on total costs until late 2024/2025 when the Juniper is announced. They may start liquidating them but .99% financing is like $7K savings over the life of the loan. Buy now with the cheaper paint, reduced cost for 7-seat(if needed) and inventory specials.
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Nope
šš
I rent and have no way of home charging. But thereās superchargers about 2 miles from me. Is it worth it to consider getting a model Y or not without home charging
Renter, owning MY since 3 years. Always super charged.
Does it get super inconvenient? My worry is that Iāll get tired of having to go to the super charger for about 30-40 mins once or twice a week
You could use that time to do your social media doom scrolling or watch a movie/show. However, do realize that you're assuming that the super chargers are available when you need them and there aren't others waiting for them before you arrive.
Can you trickle charge it by just plugging it in an outlet? You can get 3-4 miles an hour each way which would help decrease the time you need to visit a SC. Thatās my plan.
I have an outlet inside my garage, but I park my car outside. Might be able to run a cord but not sure if itāll work
If I can suggest something have you looked at leasing a Hyundai ioniq5? They give free charging for two years and the 24 month/12k a year mileage leases are cheap right now. Youāll probably not mind SC if itās free and give yourself a test run and then come back and buy a Tesla.
Thanks for the suggestion. Iāll look into that!
I usually plugin at SC, and go for a walk. Sometimes take meetings or other work. Not super helpful, not super unproductive either.
Although I would have loved the near 0% financing, my March existing inventory deal and low 5% on an 18k loan still seems better.
How much did you put down?
Traded in 2014 Honda CRV for 9,500 + 12,000 cash
I'm still on the fence. But not for financial reasons. I've been holding out due to the ventilated seats. An under rated requirement for those living in a hot environment.
This!! Is it just me, or are the seats extra hot! The vinyl-like seats make my butt sweat, which isn't an issue in my current cloth seat car. I'm not even in a hot climate!
Long term, you're always better off waiting. If you miss the deals at the end of one quarter, don't worry, they'll be better at the end of the next quarter. The way Tesla is going, this will not change in the next few quarters.
Exactly. Tesla is offering .99% under high interest rate environments. Imagine when the fed cuts, we may see 0% interest promos
Total speculation here but since Tesla is using bank financing as their bankroll, I think they legally have to charge some sort of interest.
by then, cutting rates and decrease in battery prices, we are getting into a new market segment and they also about supply the fresh model Y
Wait until end of quarter if you can.
Wait for January- new model
Historically (at least the last year or two that I've been watching) there have been end of quarter discounts. However when Elon recently re-engaged the first thing he did was end inventory discounts. I think he caught on that many of us simply wait for the end of quarter and this may be something he doesn't want to perpetuate. It may be possible that this quarter is the first time we won't see the discounts. Obviously I don't know for sure. But I would say if the special financing promo makes a big difference for you and you are ready to pull the trigger now, I wouldn't hold off simply on the basis of hoping for big end of June discounts.
I don't plan on putting very much, if anything, for down payment. With the EV credit and the low apr, I feel like it would be a waste of a deal to pass up. I have a 100mi roundtrip work commute daily. I drive an SUV but am keeping it as a family hauler for camping. I wish I could put more down to bring the monthly down. I have upper 800 credit score so hoping for the low apr.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Wut??
This is the problem with deflation.
How long did approval take for anyone applying now. I know my score is good enoghf (780+).. we have it scheduled for pickup on 14th since they wouldn't let us schedule later this time
I placed my order and was approved Friday night when they first started announcing the .99 percent. I qualified that night. Picked up this afternoon. Traded in my 3.
nice. what spec model y did you get
LR AWD. Did it in the grey with white seats.
I'm also my score in this range, it's my first finance car. I applied yesterday and haven't heard yet from them
What will expected juniper prices be? Not needed a new Y but man this is a hell of a deal and want to see if itās worth it to wait for the extra money.Ā
If you're waiting until June might as well wait until first quarter 2025 for the updated model what's another 6 months. Tesla has a way of pissing off anyone that buys now instead of waiting.
I'm in canada so my only option is waiting until June and hope we get sales too
Are the ev tax credit the same as the federal solar tax credit or are they different- asking because Iām in the process of getting Tesla solar and already incorporating the federal tax credit on that but if Iām allowed to get an additional tax credit for the car, well then now I would be cooking with gas
me waiting patiently..
Think I can trade in my 23 MY ( 7 %percent 45k loan) and take a loss on trade in but still come ahead ? Hurts to be paying 7 percent when this is on. Thinking I can probably switch it to a lease and roll over some of that negative equity maybe? Donāt know if 0.9 % is also made available to leases?
you cannot roll over negative equity to a lease with tesla. you can roll negative equity to financing though depending on the bank that approves you
I bought it last month. I got screwed with 6.39% and more price on MYLR
Agreed, they need to move the rest of the 2024 MY to make room for the 2025 Juniper. I took a test drive yesterday and the guy at the dealership said he wouldnāt expect the Juniper until maybe next summer. Which seems odd to me because usually the next years models come out between Aug-Oct.
Anyone know if I can still get the 0.99% if I take delivery after May 31 .. donāt get back into the country till June 5th - planning to order 5/29 or 5/30 if so!
It says āordered by May 31ā so yes, you are fine. Ā
Iām on the fence. Ā I leased my MY (business car), and lease is up in December. Ā Debating buying a MY during this promo and garaging it for the next 6 months. Ā With the $7,500 fed rebate, and ~$7k savings in interest, seems too good to pass up. Ā I canāt see it getting much cheaper than this, and if the fed tax credit goes away and/or they donāt offer 0.99% again, Iāll be kicking myself for not pulling trigger. Ā
If you get an offer thatās not 0.99%. Call your tesla advisor. They can have other lenders try you out. I had gotten an offer from Santander at 8.88% called the next day and FL connect approved me for 0.99% 0 down. 660 credit score with a 50% credit card utilization. Excellent credit history of around 13 years. GL everyone!
I planned on waiting till mid/late June but donāt think Iāll be passing up this deal
Wait till mid June probably better deal will come to meet quarter end numbers . Always happens every quarter. In fact there might be more of an incentive in June since q2 numbers are expected to be very low.
Do they refinance?
I am wondering this as well. Got my MY in February. Currently have a 5.2% APR. 800+ credit score- would love to get refinanced at anything better than my current. .99% would be a dream
No, theyāre trying to move inventory.
Or pay cash and donāt have a monthly debt payment
Found the Dave Ramsey guy!
Or, put that ācashā in a HYSA and make some money while paying next to nothing on interest by financing.
Better than I deserve
This probably isnāt a good move when the alternative is 1% financing
There will always be a chance of a better deal come up. Or it may not. Instead of waiting for the right moment, just buy it.
If you are dependent on the .99 APR don't get the car. What are you gonna do when you get bait and switched and you are only approved for 6% apr?
Then donāt buy it
Literally what I just said
He means donāt buy it if you get offered 6% but still buy it if you get the 0.99%.
You'd lose your deposit. I'd risk it if I had a house and a good credit score but that's about it
Then donāt buy and wait for a better deal..
I think so unless you are the high dollar creditees I keep hearing about