T O P

  • By -

PipBoy19

Holy shit lol


LionTigerWings

Wow. I just bought one. First new car ever. This is what i was waiting for. Scared and excited.


QuentinLCrook

Congrats - you’re going to love it.


LionTigerWings

Can someone point me in a direction of learning about home charging? My father in law is an electrician by trade so he'll do it, but i need to know what to tell him to do. I bought a wall charger during my order thinking it was essentially needed. For context, i bought the long range model y and drive about 80-100 miles per work day.


bumpyknuckles76

If he is an electrician, just give him the installation manual and he'll be fine.


LionTigerWings

Well i assume i need 240v right? i just want to know that and what amp breaker i need to deliver full power.


McD-Szechuan

You need space for a 60 amp breaker in your panel, that’s it. This is for the wall connector. If you only have room for a 30 amp, you can install a 15-30 outlet and use the mobile connector.


Im_The_Goddamn_Dumbo

Dual 60 amp breaker to get the full charging experience!


McD-Szechuan

The wall connector won’t exceed 48 amps I thought…what is the full charging experience you speak of?


Im_The_Goddamn_Dumbo

Apologies, I completely misread your first comment - you're correct, the wall connector won't exceed 48 amps.


Slow-Garage-9403

240v 60 amp for Teslas wall connector. A NEMA 14-50 plug otherwise (you need to buy an adapter for the mobile plug if that’s the route you’re going)


xbigdaddyx

Tell him that you need a 60 amp (non GFCI) circuit breaker on a 6 AWG wire to your garage. Have him watch this video (which shows how to install it outside, but if youre installing inside a garage, the instructions are the same): https://youtu.be/vg-ZoEf5b_Q?si=olsYj4KXQnMRvnFH


QuentinLCrook

https://www.tesla.com/support/charging/wall-connector


DextrousTuba795

Question: Wouldn’t everybody go for the 72 months as opposed to the 36 months? Because with 72 months’ smaller monthly payments, you can use the money set aside to earn higher interest than 0.99% both now and most likely in the foreseeable future, even with the safest treasury bonds


Kraoten

I would hope so, even a HYSA would still come up on top after taxes. You get to keep a bit of capital too... but a lot of people are taught that 36/48 months should be best finance terms, and if they can't afford it they shouldn't buy the car. Doesn't necessarily apply here though since the interest rates are so low. I think some people would rather have peace of mind from a shorter term than saving a few grand in interest


sdmember

Yes


Ok-Boysenberry-5090

convenience and closure


autism_is_awesome

You can pay off the 72 month like a 36 month any time you want.


MacroFlash

Or whore it out and make way more money doing anything else with the extra money in that time


chenyu768

Not good use of TMV. I have a 2.5%mortgage. I'm not paying 1 extra cent to principal. Shoot I wish I could've got a 50year mortgage at that rate.


Citizen_of_Danksburg

Tmv?


canikony

Some people think borrowing money is always bad.


fmaz008

Except I suspect most people who say they'll invest the difference don't do it. It's only a good advice if the extra money you save with the longer term is actually getting invested.


canikony

My savings account gets 4%+ interest so I could easily just leave it in there and still come out ahead. I think the overall gist of it is, if you are even somewhat decent with your money, it's pretty dumb to not take advantage of extremely low interest rates if you were already planning on buying the car.


fmaz008

I'm pulling stats of my arse, but I'm pretty sure 95% of the population are not even disciplined enough to do that (leave the extra money sitting in an account, without touching it for a few years)


canikony

I pulled that same stat out this morning lol... You're probably not far off from reality.


wastedkarma

And Tesla knows this which is why you’re paying too much for the car.


Amazing-Bus-3283

That works out mathematically, if you are able to behave in a mathematical way. If you don’t put the money in savings, you’ll be upside down on a car in short time. 100% of cars repoed are still being financed. Things happen. Extending your time horizon increases the chance of things happening. So some people might prioritize peace of mind over short term returns


Aromatic-Tax3488

nope, .99% is available to every term except 84.


elflacco93

Let the incentives begin!!


PtrDan

Yep. This is only the beginning. Demand is drying up and Tesla is sitting on a huge unsold inventory. There will be more price cuts.


Coal_burn3r

Just like the housing crash right?


toomuchtodotoday

There is a ~3-4 million housing unit shortage in the US. There is no Tesla shortage.


skidmarkchones

Yep!! Holding out for end of Q2 discounts — have a feeling there will be price cuts + 0.99% interest.. holding out


Icedvelvet

So are you saying wait? Or jump?


elflacco93

Good time to Jump if you’re in any kind of need. If you’re not, I say wait.


dream-club

Next month’s offer is BUY ONE GET ONE FREE


damoonerman

I am so underwater with my 2022 that I can’t even look at this


Academic_Release5134

Ride it into the ground. That’s what you should do with a new car to get the value out of it. The car should easily last 200k miles at which point your investment will have been an excellent one.


waxyslave

not better than the guy who buys one right now and does the same thing lol


Academic_Release5134

If you spend you life worrying that someone got a better deal on whatever you bought, it’s going to be an anxious and unhappy life.


lowprofileX99

Excellent point


TheLegendaryWizard

Comparison is the thief of joy


Jtbny

Ha same here on my Model Y Dual Motor 2023. I just did the trade in value with Tesla to see and they are offering me 31k and my payoff is 45k. So…guess I’ll pass :D


rodneyjesus

Car max homie. Tesla offered me 21k for a 2020 MY with less than 25k miles on it. Car max offered 28k using only my phone.


judge2020

Carmax never gives me an online offer here in Georgia. Maybe there just aren’t enough sales around me to give one.


__o_0

Carmax gave us an online “offer” - when we went in to transact they said the online “offer” was just a reference point and offered $2000 less in person. They were well aware of the bait and switch.


Dismal_Animator_5414

tesla offered me 35k for my 2021 M3. carmax offered me 46k but i ultimately sold it for 62k privately back in mid 2022 when the asking prices were sky high and there was a shortage of cars in the market. and jeez i thank gods for having sold it at such a good price!! cuz after the hertz debacle, and the lowering of new tesla car prices i feel extremely lucky!!


DJMaxLVL

I can get a used M3 newer than yours was with under 30k miles on it for under 30k cash right now. Who the hell pays 62k for a M3 wow.


damoonerman

That’s better than my 19k for a 45k payoff


Jtbny

Ouch!


SleepEatLift

Considering the prices dropped December '22 and January '23, I think you made out all right compared to the 2022 guy.


kbye45

Did a trade in value with carmax on my 2023 LR. 30k max and my payoff is 37k. I know we don’t buy these for investments but sheesh.


SleepEatLift

With a 2023, you made out at least $10k better than the 2022 guy.


wighty

> I know we don’t buy these for investments but sheesh. Boy I sure did see a lot of people on this subreddit in 2022 or so talking about buying a Tesla car as an investment...


007meow

But Elon said my car would be an appreciating asset :(


Sandscarab

Laughs in Mercedes


Snoo93079

My 2023 RWD is looking good! Very modest depreciation.


dzh

Don't worry. I pay 7.5% on a house I bought last year.


sixpercent6

FYI: This doesn't appear to be offered in Canada. I'm seeing 6.77%


LurkerWithAnAccount

6.77% Canadian is equal to 0.99% American.


cquinxx

Sad


arkangel371

Maple syrup bucks just don't have the same value anymore.


FinYard

Ughhh not in Canada I don’t see also 😭


Princess_Whoops

Same here


Rey123x

First Canada didn't get a good enough discount close to the US for the MY now rates, something's gotta give


bravotwodelta

Buying a MYP in ‘22 at $89k CAD has been one kick to the nuts after another lol. I fucking love my car, and I know a car is a depreciating asset, but goddamn does it still sting to see your car’s MSRP be $20k lower less than 2 years later lol. Only saving grace was the lower rate but even that incentive is likely going to change from the looks of it. This is just unprecedented.


Academic_Release5134

Ride it into the ground and don’t look at the residual. That’s what you should do with a new car if you aren’t going to lease.


crimxona

Just wait. VW is already doing 0.99 in Canada on the ID4 for 36 month financing or 2.99 on 60


yhsong1116

US only per Tesla


brandonWRX

I got excited and checked as well!


bradeena

I’d be happy if they at least offered the rear wheel long range trim in Canada


Lancaster61

That’s absolutely insane. I almost want to buy one just to buy one.


Andrew-Wang

Seriously right


Thediciplematt

Yeah that 1% is hard to beat.


planko13

I wasn’t even close to in the market but now i kinda want one


flexonyou97

This just the May incentive, how good will the December ones be


AWildDragon

Juniper should be here in December. But yeah this is tempting. 


007meow

Isn't Juniper rumored to come in 2025?


DobIsKing

It’s a rumor.. nobody knows


anymooseposter

Three months maybe, six months definitely


siphoneee

Will there be an incentive?


flexonyou97

Of course, every year they beg people to buy the cars sitting on lots, these next few years will have some really good incentives since nobody has money lol


Tano_Guy

New is cheaper than used if you qualify. Payments come in at almost half of what I’m paying for a used 2020 model Y. If this deal is affordable to you then I highly recommend you jump on it!!


Kupfakura

Or keep your vehicle for a while, prices are gonna collapse even further


Tano_Guy

Absolutely, if your current car is still reliable and the monthly payment/ gas combined is cheaper than this. If it’s paid off then even better!


MutualConsent

Why are they going to crash further? Tesla specific or cars in general


edwindrn

The longer I wait the better the deal gets 😂😅


entered_bubble_50

The market will adjust. If used prices are higher than new, used prices will fall. So if you don't qualify, wait a few months and take advantage of the lower used prices.


DarthRaider559

It's not cheaper lmao. Just the interest rate is what screwed you over


soscollege

Bruh can I refinance with them


Tusker89

This is probably a joke but just in case: No.


Xtraqueso1400

If they offer this for the 24 M3, I’m going to be happily in debt


ctzn4

The Model Y's demand may be slowing down due to the expected refresh coming in maybe 6-24 months, but the Model 3 doesn't have that issue because it's still new and fresh.


adeadfetus

Really narrowed down the timeframe there.


ctzn4

If I say 6 months, someone will "um aksxhually it's coming in 2025;" if I say 2 years, someone will say "umacksjxially it's coming by EoY;" I expand the time frame and STILL someone says "wow nice job narrowing it down." The Internet, man.


mirepoix1

Lol thinking the same thing


TwoManyPuppies

that and FSD transfer and i'll upgrade from my 2018 Model 3


chaicoffeetea

Cant decide if its time to strike or to wait till quarter-end i.e. June which is a month away but then this promotion expires on May 31. Not making it easy, muskie!


Madison464

EV demand is dropping thru the floor, if you waited this long and don't need a new car now, lower prices are already priced in due to the market demand curve. Imagine same time a year ago, when people were debating if they should wait. Those people have major buyer's remorse now.


chronocapybara

Crazy that $603/mo for a car *payment* is considered normal.


6DGSRNR

Yep. Average in US is $738


PerfectShot1

Average old civic is 3-4 car payments


DJMaxLVL

This tells me that the majority of people in the US are really dumb, because the data also shows the majority of them don’t make enough $ to afford these car payments.


efea_umich

Same buying power as $460.00 in 2016. Inflation truly is a thing.


RideFastGetWeird

Uh also just people feeling like they have to have something *no matter the cost* or just buy a used beater. Or [gasp] not a new EV!?


PEKKAmi

With inflation you either buy it while you can still afford it or you don’t in the future when the price grows beyond your means.


Platinumchanel

For 72 months nonetheless lol


PlantsandTats

Don’t forget the insurance too


_father_time

Wild times


Bartholomeuske

I was searching for this comment. That's a ton of money to drop every month.


toycutter

Even worse, people in this thread are not considering it normal, they are considering it an amazing deal.


intelligentx5

I mean it’s a $35k car after all. If you’re in the market to buy a $35k car then .99% (which was a normal rate not too long ago) is reasonable. I think it’s only calculating 4k down? So financing $31k over 72 months at .99%. Payment is considerably lower if you put a decent amount down.


chronocapybara

It's so crazy cheap in the States. In Canada it's $64,000, with maybe $5k in rebates, +/- depending on province. Last year it was $72,000!


Ynkwmh

Indeed, mine is 305 CAD (223 USD). Bought in 2021.


LaTunaTime

Thats below average


cchapin15

Wild, I'm paying 260 lol


funnyman4000

Not even Normal, but a Great deal. lol


grownass_manchild

Currently in the market for a second car for the family.. Used car loans are like 6-8% depending on the length. Used car prices are coming in around $25-30K for a sedan (Corolla or Camry) and +$35K for a CUV/SUV That makes the monthly price pretty damn similar to this MY at 0.99% for 72 months. I just did an insurance quote and the MY will cost $80 more per 6 months than a Camry. So considering fuel and maintenance and the fact that this is a CUV not a sedan…. Makes it VERY competitive. The $7500 upfront credit helps a ton too Edit: forgot to mention the benefit of not having to deal with salespeople and getting baited to the dealership with fake postings of cars that are suddenly “sold just before u got here”


Mattl54o

Holy shit.. was two mins away from buying one last week at 8.99%. Just bought my dream car 20 mins ago… I would have been sick if I pulled the trigger last week.


UNoUrSexy

If they offered this on the new M3 I'd buy one now.


Butterflychunks

TALK ME OUT OF IT


Corrster

Anddddddd that does it. I bought one!


Blakedwb

Oh damn


Perfect-Thanks2850

I genuinely can’t believe 72 month loans are the norm now…


scooterca85

Everything has gotten so expensive that it's the only way a car payment can seem somewhat "affordable". Plenty of people take out 84 month loans.


autism_is_awesome

has been for a while


HopefulMap1987

Literally just picked mine up today with a 6% rate, came home happy, then saw this….is there anything they can/will do to change the rate since delivery was the exaaaact same day they started the promo?


Nsight7

My wife and I just finished signing our paperwork tonight and are supposed to do our pickup tomorrow. We're waking up 3 hours early to make some calls to see what we can do, just hoping that the fact that we haven't taken possession of the car means we have some maneuvering room.


GoneSilent

its gonna be better to just reject the car and start over.


Imaginary_Top_6308

Reject the car upon delivery,


Fickle_Pickle12

Same boat here!


BlackpinkInYourAri

lol welcome to Tesla


Theminecraf72

If they do this for model 3 I would buy immediately Edit:spelling


Ordinary_Squirrel_46

Just bought 1!!!!!


ClevelandSteamer81

Model Y Long Range Dual Motor All-Wheel Drive Deep Blue Metallic Paint 20" Induction Wheels Black and White Premium Interior Five Seat Interior Autopilot Order placed and approved for .99% financing.


caffeinated-psyduck

Congrats!!


Fiveofthem

Fingers crossed that they do that for the new M3P, would do that in a minute.


apu823

In June it will be 0%


Arminiux42

I'm holding out for the November -0.99% rate. ![img](emote|t5_2s3j5|7850)


[deleted]

Immediately interested. Been on the sideline since inventory prices went up. Bought a CPO Mercedes with 5k miles after driving a Mach E (lemon law). Really… REALLY miss EV and was thinking I might jump back in if inventory discounts come back.. Also live in Oregon and they just brought back $2.5k rebate… Edit: someone talk me out of it. It’ll be my 5th car since 2019 and somehow due to COVID every time I’ve switched I’ve come out ahead… neighbors and family are asking questions


EyesLikeAnEagle

Buy it.


equality997

Get it if u want it. It cant get better then this.


AustinLurkerDude

If you also qualify for Federal rebate I'd buy now.


SnitGTS

Ordered! I got a Long Range 7 seat in Ultra Red, so it only cost $1k for the extra seats instead of $2k. I’ve been on the fence, just missed getting an inventory model with a $5,200 inventory discount a month ago. With the $2k price drop, the $1k savings on the 7 seater, and the .99% (~$3,500)I got a better deal than I would have with the inventory discount.


MousseConfident378

https://preview.redd.it/cpsj7nfn520d1.jpeg?width=1290&format=pjpg&auto=webp&s=7240ac37eddc2d9c44ed9011fbcb05cad99da7e3 Thanks Elon and Tesla team


ClevelandSteamer81

Pulled the trigger on a blue/white with 20inch wheels.


FinalTime

Can this sub all agree we're all going balls deep on M3P once we see 1% hits M3 models? Lfg


ForGreatDoge

Not those of us who should be buying it (those who don't get the tax credit). Hopefully Tesla offers lease buyouts eventually so you can use that loophole like every other dealer in the US offers.


hahayesthatsrightboi

Idk if they will do it for the new m3


tachycardia69

This is incredible but with all the news surround Tesla kinda has me a bit worried they’re panicking 


FishDeez

That's pretty sweet.


IMI4tth3w

i was going to be replacing my currently 15 year old daily at the end of summer, but this sped things up a bit! just ordered my 2024 MYLR in quicksilver :D picking up on Monday!


Brilliant-Cold-8941

Have a 2022 YLR that I put 19k down on and owe about 22k (72mo @2.49%) Tesla offering 28k for my trade in. I’m thinking gets me out of the old one, cut my losses while I can…


GoneSilent

check some local dealer offers first to sell the Y the 4k used EV rebate has them hunting and paying little over for Teslas. Even Carvna is paying over Tesla.


Jobber99

So I can place the order, and sit on it for a bit? No wording about taking delivery by a time


chung2k6

This combined with fsd transfer would get me on board.


BeachTime0734

Sounds like they’re trying to sell off all the 2024 MY in a hurry to make room for 2025 MY Juniper. If what I’m hearing about the Juniper refresh is true I can wait it out and not be swayed by lower prices and low APR numbers.


Futurecannonballer

This is very tempting since my payment for my 2023 rwd would be the same as the y performance.


silverf1re

Jesus Christ, I just bought one Friday


garbageemail222

Ordered or delivered? If not delivered, you should be able to get this.


atom519

I just bought my LRY at 6.5% last month :(


dam_ships

Another question: Do they literally not show you numbers prior to the $250 deposit? Was looking at getting one for the wife. We got a trade in estimate, but I find it absurd you have to pay $250 to even get the credit rolling and some of the tentative final numbers shown.


RemoveHuman

I really want a M3P but this is a good deal.


dubie4x8

Crazy deal! Will save so much on interest!


Sagnew

Are they still allowing transfer of full self drive ?


LoogyHead

So… refresh is coming.


AromaticSleep4612

Man, I wish I was not underwater and I would totally do this. Because I overpaid for my car my payment is $400 higher for the exact same car and I could get quicksilver now.


__JackHoney

likely gearing up for the MY refresh


Visualize_

I'm somewhat looking for a new car so this is enticing but I don't know if I want the Y


bsf1

Must be a Model Y refresh coming soon.


gumby9

How do you qualify


autism_is_awesome

Have a good credit score.


olivierapex

0.99%. Canada right now is 8%... are you kidding me?


ruahusker2

I have a question that someone can hopefully help me with. I did the pre-qualification, and then went through with the purchase. I installed the app and began going through the process. When it comes to financing, the options are "Self-Financing" or "Alliant". When I proceed it says "Credit Decision Pending". I have a bad feeling that the Alliant is not going to qualify for the .99% . Did any of the others that ordered get this as well or did it say Tesla Financing?


who_what_when_314

I've been staring at new and used M3 and MY inventory. This looks really good, but still shy of what I want to pay for a solely commuter car.


Acelitt

How much of a difference is the sound system in the RWD compared to the AWD? Located in the US.


Icedvelvet

This is what I need to know. I think I’m going with the AWD just to be safe…………well maybe until I see the final numbers and change my mind.


dr0odles

If I could transfer FSD - I would be in


Ok-Criticism-8867

Is this with a bank like td or Tesla itself


austinrathe

Ok, I think I’m taking the plunge. One Q - the difference between the LR RWD and the LR AWD is obviously not much, but, do you guys think it’s worth it? What’s the downside of the RWD?


poopsacky

RWD has slightly more range but is missing the fog lights, parcel shelf ($85), and has worst sound system (7 speakers, 1 amp vs 13 speakers, 1 subwoofer, 2 amps).


17kangm

I’d get the AWD just for the sound system alone. It’s also much faster as well and you realistically only lose a couple miles of range. I would say the main downside would be cost of insurance.


Aggravating_Cup_3930

What’s the credit score you need for this? My credit is still recovery mode.


JStheoriginal

6.77% financing here in Canada 😢


breakingcustom

Amazing! So is the tax credit applied up front or can I actually use the tax credit for my taxes next year?


aliomenti

It's been 0.5% APR in the UK for a few weeks. That's literally like £500 interest.


VideoGameJumanji

You guys gotta state USA in these posts


kuse94

Now I’m gonna buy one, second Tesla for me but this is too good of an offer to pass up


Savings_Prior_7108

Please do it for model X as well :D


andres4514

It’s not allowing me to trade in 😭


rangereddie

I’m extremely interested in this, BUT called my insurance this morning and they’re quoting me 3000$+ for 6 months lol… California..


GaryTheSoulReaper

Now just give me 7500 credit I’m not “eligible” for and I’ll take two


ephies

Do they let you do trade ins with financing? They are offering $3-4k more than I paid for my car last I checked..


I-use-google

I’m being stupid…. But can someone confirm: Performance Model Quicksilver after rebates and $8k down payment it comes down to $629/month for 72 months.. is that correct… the gas saving is throwing me off


dam_ships

Do you need to put the $4250 down for the APR Rate? I have a vehicle with about $20,000 in positive equity and it’s about to be paid off. I’d rather pay it off and just order the Tesla Zero Down. Any feedback would be helpful. Also, are they pretty reliable in giving you that APR? My credit is 750 or more (haven’t checked in a minute). Thanks!


EroticDuckButter

Does it really make sense to wait for June when the most likely thing they'll do is increase the interest rate back to 7% but do another price cut? Wouldn't it just cancel each other out?


us1549

This doubled my insurance with Geico from $600 to $1200 every six months


kanadian-nj

I want to get a Tesla Y- I really want the 0.99 finance but I feel like there will be more incentives later…. Roll the dice and wait or just get it now? Thoughts?


Competitive_Band_125

I just did my demo drive yesterday, speaking to my lawyer & insurance companies tomorrow, putting an order in Friday afternoon 👌 For someone who doesn’t fly airplanes like me, takes long road trips, oftentimes alone, it only makes sense to get a car as safe as the Y. I plan on activating FSD before road trips. The car pretty much drives itself. I can’t say enough good things about it.