0.99% Financing Is Not Working
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- เผยแพร่เมื่อ 13 พ.ค. 2024
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Without advertising, only people already interested in Teslas will know about this financing deal....
100% agree. If you don't advertise that APR rate by screaming on the roof tops (TV ads, online ads everywhere, etc.) then don't be surprised that nobody knows about it!
Got my wife one for Morhers Day, its our first Tesla.
MY-LR-AWD, Blue w/FSD
You sir are husband of the year.
Good job
2024 or 2023
Peoples can’t even afford to buy food in this moment it’s hard to buy a new car !
Guess we need fund more wars than American people ….lol we can’t just sit and watch
Very true, but when you consider 0.99% financing, the interest you’re paying on your loan is far below what is easily earned through even a simple savings account. If you consider investing in the overall market, your return on your money will considerably outpace the interest you pay on your loan, making the Tesla Y even that much less expensive. A lack of proper financial education is part of the problem.
I am working up to one… bought two AA rechargeable batteries yesterday….
i placed my order sunday night and took delivery today in sacramento. .99% $4250 down. credit score 736. Model Y dual motor black paint
What's your monthly payment?
You didn't have to put anything down. You could have changed that option
@@prettyglam1908Are you certain? If true then advertising it as no money down .99 would have been a stronger punch to sell.
2024 or 2023 model
I pick mine up Saturday I got the .99% with a 770 credit score and 2750 down my payments will be 600 it a white mode l y dual motor with upgraded wheels
Directly from Tesla Burlingame... "You could use the $7500 tax incentive towards your down payment with the 0.99% :) This will be defendant on a credit check consisting between credit score, debt to income ratio, and payment history."
With the recent increase in range of the Model Y, combined with 0.99% financing, I put down my deposit three days ago. Unfortunately, many people still don’t realize that the actual price you pay for a Model Y is considerably less than the MSRP due to the federal rebate, and rebates available in many states. The price I will be paying for my Tesla is comparable to the price of a brand new Honda CRV, and there is simply no comparison between the two vehicles. That is exactly the education Tesla needs to provide to the public.
I returned my leased 2021 MYLR in March & purchased a 2024 MYP. I wonder if I could get the 0.99%?
New and used car sales are going to be slow because some people don't quality for the EV tax credit, and millions of us are under water with our car loans for the next 2-3 years until we can play down the negative equity. So millions of new and existing customers are out of the market.
I ordered my Model Y Performance on Sunday and took delivery on Monday. I got the 0.99% rate with a credit score of 832. It worked for me!
How much you put down?
Be blessed
You order the 2024 or the 2023 on discount
I bought one
I purchased one on Saturday, still waiting to be called or contacted by Tesla.
What are people buy the 2024 model Y or the 2023 model Y on discount?
What is your claim base on? You must have some insight that we do not know 😂 I can speak for myself I was waiting for model Y refresh but the deal is quite good so I’m ordering my!
The part that they aren’t advertising, which they should if they’re seeking to stay authentic, is that once you pay the deposit, a hard pull on your credit (assuming it’s 730+) will THEN determine if you’ll receive the 0.99% Apr regardless of what the website says. The next storm will be all of the orders that got cancelled when the buyer received a 6%+ Apr instead of what’s been advertised as if it’s available for everyone. 🤔💭📝🤷🏻♂️
Good catch!
I looked at two configs at the Tesla store here in Ohio yesterday. I decided to wait and cars are still available today. When I bought my MYP last year, if you waited a day, the cars were gone.
I ordered almost a week ago but can’t talk to anyone about it and don’t see Tesla financing as an option in the task section for financing.
I’m waiting for sales incentives for thre Model 3 Highland. I think It’s going to be a while.
How accurate is his inventory chart? In this economy if you want one you be crazy not to grab one now unless you intend to buy cash on the next best thing.
I applied Financing…but i got 9% apr not 0.99…..I have 740 credit score, downpayment 6000…..short history (just over a year) and then I tried to connect my advisor they didn’t respond….i gotta go cancel f scam model y deals..
Even i have short credit history (1.5yr).May i know how much did you loss on canceling the order?
Just ordered RWD thanks to your video. I would have not known about it if I didn't watch your first video on this. How long does it usually take until delivery?
Do they consider your credit score ?
Waiting to see if they will further discount them at the end of the month and/or quarter. -$5000 + .99% will get me to order.
Maybe 2.99 and 5k off
You need to wait till the end of the period to make that conclusion. A lot of people I know are buying and or exchanging their old teslas for this.
In many ways it’s a fantastic refinance. If you can offset the paid out negative equity against long term depreciation.
I ordered mine 😊
0% APR and I’ll buy one.
Meh its only equivalent to $500 discount upfront
Yeah I'm buying one tomorrow
2024 or the discount 2023
Had a M3P refresh on order and cancelled it for a MYP. Such a good deal homestly
How was it a better deal? Don’t get me wrong…I like the MYP wayyyy more
Very Interesting. Didn't you find the ventilated seats, rear entertainment screen, better sound speakers and road noise insolation on the refreshed M3 are more bang for the bucks over this .99% on a dated MY? or you simply find a Mini SUV fits your lifestyle better?
I don’t think M3 and MY buyers are mutually exclusive. While the average Tesla buyer likely has a bias towards a specific model I am willing to bet a fair percentage of people are flexible to buy either a 3 or Y depending on a variety of attributes, price being the top factor. What we don’t know to my knowledge is how many refreshed M3 have sold this year? How many orders have been placed on M3 performance? So many factors to consider and it seems this topic isn’t being covered completely whether due to inadequate data or lack of looking at it correctly.
0.99 % it’s good deal I bought my models Y 2022 with interest rate 3.2%
At what price
@@gotthat1 my wife in I we put good down payment I think with taxes and others fees total was like 58k with 20 inductions weels,wall charge and blue color .3 year total financing after down payment was like 35k almost i pay off the car couple more months left!
@@leorodriguez2135 I want to get one but was considering a used 2022 if I can find a deal. Someone offer me a 2020 model 3 for $14500 with 85,000 .. a few scuffs and small a dent , not sure what to do?
@@leorodriguez2135 just purchased my 1st tesla 2020 model 3 86k miles for $14200
it works and want one but maybe wait for more info on the next version
I’m getting one next week
my first Tesla and first brand new vehicle! 😊 2024 Model Y RWD black exterior and interior. it’s legit for the people on the fence about the 0.99% APR.
ordered 5/14, Estimated Delivery 5/22-5/31. Pensacola, FL pickup.
extra info: credit score is between 747-776 according to different apps.
$15K down.
$7500 was taken of the PP.
I live in AL where sales tax is 2%.
Picking up in Pensacola, FL.
already received VIN #.
They haven’t asked me for any paystubs or W2.
Not sure what bank is financing as of yet.
I put down so much bc I want a low monthly payment. and it’s at 72 months but I certainly will be paying it off a lottttt sooner granted something tragic does not happen financially. I just wanted to be safe.
Could have easily cut that down payment to $5K and deposited that $10K into high yield savings account for 5% APR. You can still part of that for your monthly payment.
I’m buying one. Honestly, I wouldn’t have known if I didn’t stumble across your video Saturday morning. Instead of paying cash, I’m putting it in a high yield savings account to draw monthly payments over the next 6 years. I estimate another $5k(ish) savings based on the additional 3.5% yield.
It’s for sure not working. I’ve been investing in Tesla for a pass 10 years. I never own a Tesla, but this got me. I bought one then just talking to some of my friends sold two more.
I really want a model y but I’m upside down in my current car. Also they need to do zero down along with the apr promotion.
See if you can use the $7,500 tax credit as the down payment. *Not Financial Advice
I call my insurance before get the car,they dint really want evs,it went up from 250 to 1300 month,rhe quote a mdx 2024 and quote me for 480 month,they dont want evs 2nd the 250 hold i dont like that because they can ask for high down-payment if they want and u will loose noney,
Trade prices are in the toilet. They should not have de-valued their cars by lowering prices.
Do you think the Model S will have a 0.99%?
Probably not, Model S doesn't seem to be a focus for them right now.
Thanks!
Even with the 7500 tax credit and 6,000 down and .99% I’m still looking at like 500 a month I would love to do this tbh but I’m about to pay off wife’s car and don’t want to sign up for the same payment again I wish they would have done this in December or November haha
I ordered on the 10th and picked up on the 13th. I couldn't pass up that APR.
Did all the steps but that .99 is not showing! Try contacting support, but no luck
Your credit is bad
I went to Toyota dealer told them I want rav4 hybrid woodland with 0.99% like tesla has. 😆
🤭🤭🤭
You’ll regret it. Check out their safety ratings compared to the Tesla you passed on. Ooof 😢
They should try lease end buyout
The Model Y RWD are just sitting waiting on regulatory approval so they can sell them for the new range increase
They better do this for the model 3 in December
If new model Y come out with 0.99 % then definitely jump at it!
When Tesla only gives you to the end of the month, they are also pushing/rushing current Tesla owners to trade in and give them nothing for their trade. They make up the loss in interest by what they will make on selling your used car. For kicks use their trade in calculator to give you a trade in quote. It's low and you have to go in to get a little more.
Don’t trade in. Sell or keep. 😊
Who can qualify for this? (I mean least credit score)
The reason why they did the 0.99% now is to get the cars delivered early
Wife and I considering it. And I think you can put 0 down
Took delivery today
Tesla model y is super expensive for $45k you can get a top of a line suv
The cost of ownership is much higher on a suv. Mines a 2004 tahoe. I spend about 100 a week on gas 60 miles daily driven monday to friday. Imagine if I had a 600 dollar payment on top
Just bought an 07 prius of fb marketplace for 4500 cash.
I put in my order and they approved me at 8.75%!!! Not sure what I did wrong I have great credit score and all my payments are outstanding!
how many months?
See if you can refinance.
@@ryanfraley7113 would I have to pay the 250 again?
Debt to credit ratio
@@ryanfraley7113I am bc my credit score doesn’t make sense with what they are trying to finance to!
Do ppl actually think that Tesla is immune to the Osbourne Effect?
Waiting for next best thing is a general problem of every industry you right.
They should offer this deal on all the vehicles for a short time
Bro, it takes time to take delivery of the vehicle. They just started this incentive like what, 4 days ago? Some people will wait until the end of May to pull the trigger just in case Tesla decides to offer additional incentives like the choose any color for free. We should have a much better picture of the efficacy of the 0.99% financing by mid June. I’d be very surprised, perhaps dismayed, if this barely makes a dent in their inventory.
It will only people with good credit will get this
I ordered mine I forgot to use a referral code
I did the same. I actually told my wife that the only thing holding me back was the interest rates. Then a day later they ran the promotion. I figured it was fate lol.
@rfischer1984 I have a lease going back in 45 days so this is great timing for me as well.
No more referrals code
0.99% on plaid model S and I’ll buy. 😂
I still wont buy till the price comes down to 25K and with tax incentive. Gas power all the way otherwise for me
Yup, only if gas prices go up to 5$ in texas and 7$ in CA. NY
@@harrytej its still 3.5 here in VA
Tesla’s not made for low income people. Told my friends that if that want a Tesla even the M3, they need to move back home even when their in 40’s so they can afford it or get a second job or start a side hustle. Just a fact!
Seems to be any car these days with moderate options on them.
This info seems EXACTLY the same as yesterday’s video.
It’s not .99% you still must have a 720 credit score… in todays economy most aren’t even scoring credit lol
0.99% reeks of desperation, time for Tesla to update their models and get better designs and better interiors in place.
The reason people are not buying these is that they don’t trust Elon musk anymore
YOU ARE WRONG, SIR 😂
Click bait.
Elon pumping the cars out so he can sell batteries in a few years. Smartest businessman 😊😅
The time it takes to charge these is crazy, 2 hours. Hybrid > Gas > Hydrogen > Eletric
Do you drive 300 miles a day? If not, just put it to charge when you get home, and it will always stay topped up.
If you're taking two hours to recharge at a public charger, then that's a really poor charger.