Tesla Model Y Deals

Overview

The Tesla Model Y is turning heads again, but not just because of its sleek design or tech-savvy features. This time, it’s all about cost savings on leases. The dual-motor Model Y Long Range can now be leased for $530 per month before fees and incentives, making it a compelling option for those looking to switch to electric without a hefty price tag. But don’t wait too long; Tesla’s current financing deal at a 1.99% APR is about to end.

Lease Details

Starting off with the leases, the rear-wheel-drive Long Range Model Y version has grabbed everyone’s attention with a monthly lease payment of just $491 for a 36-month term at 10,000 miles per year. That’s before any state incentives kick in. Take Massachusetts, for example, where a $3,500 state rebate can bring that payment down to a mere $380 monthly. If a shorter, 24-month lease is more appealing, it’ll ring in at $525 per month, still quite competitive.

As for the dual-motor Long Range AWD model, Tesla has trimmed the price as well. This option is now available for $530 monthly for a 36-month lease, reduced from its previous rates. With the Massachusetts rebate applied, this dips to $421. A 24-month lease is available at $560 per month.

Financing Options

The Model Y Long Range AWD isn’t just easier on the wallet with its leases; there’s a favorable financing offer too. The current market has an APR as low as 1.99% for those investing in this model. This rate, however, requires a down payment of at least 15%, plus taxes and fees, over a period of up to 72 months. Jumping to an 84-month term would result in a much steeper 6.44% APR. This financing offer is only here until mid-June, making it crucial for potential buyers to act swiftly.

For those considering the Long Range RWD option, the financing isn’t as inviting at 5.49%, a noticeable jump. With only a $4,000 difference in base price, the AWD might just be the better investment for those between choices.

Driving Feel

When it comes to driving the Model Y, it’s hard not to compare it to its sibling, the Model 3. While sizing up in the Model Y provides a higher vantage point and more spacious feel, the handling remains tight, responsive, and as electric cars are known for, quietly powerful. The dual-motor AWD brings a sense of confidence with its grip and acceleration, making highway merging a smooth affair.

Even more so, the comparative convenience of an electric drivetrain means less downtime for maintenance, leading to a worry-free driving experience. It’s akin to driving a top-tier SUV in its compact class—nimble yet commanding. Tesla’s approach to innovation means every journey feels like stepping into the future.

In summary, the Model Y isn’t just another electric crossover; it’s a smart financial choice and an exhilarating drive. As Tesla continues to adjust its pricing strategies, those looking to lease or finance must keep an eye out for evolving deals. There might be even better opportunities on the horizon.