0.99% APR Tesla Model Y financing offer ending today

It’s May 31, the last day for the 0.99% Annual Percentage Rate (APR) offer for the Tesla Model Y electric model in the U.S. The company announced this offer on May 11 enabling customers to save big on financing a new Model Y.

Tesla Model Y has three variants – rear-wheel drive long-range, all-wheel drive long-range, and all-wheel drive performance. These models are priced at $44,990, $47,990, and $51,490 respectively.

The new 0.99% APR financing is available on 36,48, 60, and 72-month terms. Meanwhile, 84-month-based loans will still tag 2.99% APR. With this financing, the company charges $603/month for Long Range RWD, which turns $499/month after federal tax credit.

Tesla Model Y 0.99% APR Financing Offer Until May 31, 2024 (Source – Tesla)

The all-wheel driver long-range model will cost $646/month and $542/month after tax credit. The Performance model will cost $696/month and $592/month with tax credit.

Earlier this month, Tesla announced a quicksilver color for Model Y made of a concentration of metallic flakes and extra paint coating for a better visual experience. If you want to experience something new, the Quicksilver version is available for an additional $2,000.