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%.
You’re just playing semantics. Lots of customers finance cars. Before the “discount” they had to pay $X/month, now they pay $(X-discount)/month. They literally pay less each month because of the discounted, subsidized rates. It’s a discount for folks that finance through Tesla. I’m not sure why you think you’re the only person that understands the simple concept of interest here. You’ve just decided that the definition of discount only applies to MSRP arbitrarily. Is a point of sale tax credit not a discount either?
Removed by mod