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Tesla is offering their Tesla Model Ys at 0.99% APR until May 31st, 2024.
Instead of lowering the price on the Tesla Model Y, Tesla is now offering a loan rate of 0.99% APR.
Great deal for anyone that was planning to finance their Model Y purchase
Link to Tesla's Deal
With this deal, you end up paying about $1000 in interest over the course of 5 years, while you can invest that money into government bonds and earn 5% which comes up to about $5000.
Even if you can afford the car outright, you should finance in this case.
Change my mind
Instead of lowering the price on the Tesla Model Y, Tesla is now offering a loan rate of 0.99% APR.
Great deal for anyone that was planning to finance their Model Y purchase
Link to Tesla's Deal
With this deal, you end up paying about $1000 in interest over the course of 5 years, while you can invest that money into government bonds and earn 5% which comes up to about $5000.
Even if you can afford the car outright, you should finance in this case.
Change my mind