Tesla is already offering low 1.99% financing on six-year loans for customers looking to buy the $48,990 long-range, all-wheel-drive Model Y, the series production version of the newer car that debuted in early April. Gone are the days when Tesla had to keep hiking prices to avoid being hopelessly swamped by demand. Now CEO Elon Musk has to fight for every new customer.
Just weeks after the launch of the Model Y refresh, a slightly newer version of the five-year-old crossover, Tesla informed buyers on Sunday they can already have the car at a discounted financing rate. Interested buyers can qualify for a six-year loan at 1.99% if they put down $3,999 for the purchase of a long-range all-wheel-drive version. By contrast, financing rates for some of Tesla’s upscale models top 6%.
Point taken but it reminds me of an old proverb: hate not the player, as the game is that which should be despised.
I appreciate that it’s the first different take on an EV or cars in general since, well, Tesla? The customizability options, low starting price, and they’ve done some fun marketing stunts so far. There may be plenty of reasons to be skeptical about it and perhaps it’ll even flop or be ghostware, but (the option for) a non-fastback crossover SUV with physical buttons has me, again, hopeful.