Tesla is running another promotion to push the new Model Y. The automaker is offering 1.99% APR financing for 72 months on the Long Range AWD trim, available only in the US market.
The company’s official North American X account posted the offer. The incentive is active for orders placed after May 2nd by “well-qualified” buyers. The promo fine print includes a 15% down payment clause. However, customers can still access zero deposit with 2.99% for 72 months when they apply the $7,500 federal tax credit at the point of sale.
1.99% APR available for new Model Y Long Range AWD orders
US only / 72 months https://t.co/N83kkkSWyp
— Tesla North America (@tesla_na) May 3, 2025
Tesla also points this new 1.99% financing cannot be combined with the $2,000 Model Y Loyalty Incentive. Interestingly, Tesla has not mentioned a time limit for the promo or when the delivery must occur. There is no word of such an offer for the Canadian market.
Tesla ran a similar promo for the Model 3 in the US last year for only one month.
The EV maker is offering various discounts globally as it tries to reverse its sales decline. Many people are frustrated with CEO Elon Musk’s involvement in politics in the US and other countries, and his major company has not been spared the backlash. Tesla is trying to entice buyers in select European markets with up to €4,000 off the Model 3.
