Tesla offers 1.99% Annual Percentage Rate (APR) financing for the purchase of new Model Y Long Range All-Wheel Drive in the United States
Tesla's Model Y Financing Promotion: What You Need to Know
Tesla has recently announced a financing promotion for the Model Y Long Range AWD trim in the US market. The promotion, which started on May 3, 2025, is being advertised through Tesla's official North American X account.
The promotion offers 1.99% APR financing for 72 months, but it is important to note that this offer is only available to "well-qualified" buyers. However, as of August 2025, there is no official indication that this offer is currently available.
Recent data shows that the finance rates for the Model Y AWD in the US market are around 2.99% APR up to 72 months [4]. Other sources report rates as high as 4.99% APR for up to 72 months [3]. RealCartTips reports a 5.59% APR across 36, 48, 60, and 72 months for the Model Y as of late July/August 2025 [2].
Lease offers for Model Y AWD remain strong, with options like $499/month for 36 months with $1,000 down. However, financing rates are typically above 2% APR [1][4].
Terms and conditions for the Model Y financing promotion typically require good credit approval and may include lease mileage limits, down payments ranging from $0 to $3,000+ for leases, special discounts for military, first responders, teachers, students, and Lyft drivers, and the ability to apply federal and state EV incentives separately.
It is worth mentioning that Tesla is currently offering a similar promotion for the Model 3 in the US, lasting for only one month. This promotion includes a 15% down payment requirement and was announced on May 3, 2025, the same day as the Model Y promotion.
Tesla's global sales have been declining, and the company has been offering various discounts to reverse this trend. However, Tesla's involvement in politics in the US and other countries has led to backlash, affecting the company's reputation and sales.
In summary, while Tesla offers competitive financing, a 1.99% APR for 72 months on a Model Y Long Range AWD is not currently available as of August 2025; available APR rates range from about 2.99% to 5.59% depending on term and credit [2][3][4]. Potential buyers are advised to check Tesla's official website or contact their local dealership for the latest financing offers.
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