Tesla Slashes Financing Rates: 1.99% APR Now Available for New Model Y Long Range AWD Orders in the U.S.

Friday, May 2nd, 2025, updated at 9:25 PM

Tesla is making waves again—this time not just with its vehicles, but with how affordable they’re becoming to finance.

In a bold move to boost sales and make electric mobility even more accessible, Tesla is now offering a strikingly low 1.99% APR financing on all new Model Y Long Range AWD orders in the United States. The offer is valid for up to 72 months, signaling a significant push to draw in more buyers ahead of the summer season.

A Game-Changer in EV Financing

While Tesla’s vehicles have long been known for their innovation, performance, and tech-forward design, this aggressive financing deal could be the tipping point for many would-be buyers. Compared to average auto loan rates, which hover above 6% nationally, this 1.99% APR stands out as one of the most competitive financing options currently available for electric vehicles.

What makes this deal particularly appealing?

• Low Interest Over Time: With 1.99% APR over 72 months, buyers can significantly cut down the total interest paid over the life of the loan.

• No Compromise on Range or Performance: The Model Y Long Range AWD offers up to 330 miles of range (EPA-estimated), with dual-motor all-wheel drive and fast acceleration.

• Eligibility Simplicity: The offer is available for all qualifying buyers purchasing a new Model Y Long Range AWD within the U.S.

Tesla's Strategic Sales Push

This move follows a pattern of price adjustments and limited-time incentives from Tesla, as the company seeks to maintain momentum in a rapidly evolving EV market. With increasing competition from legacy automakers and startups alike, Tesla is making sure its vehicles remain not just the most talked-about—but also the most attainable.

What You Need to Know

• Offer: 1.99% APR for 72 months

• Eligible Model: Tesla Model Y Long Range AWD

• Region: United States only

• Availability: Limited time, while supplies last

Should You Buy Now?

If you've been considering switching to an EV or upgrading your current ride, this financing offer could represent one of the most affordable entries into Tesla ownership. Combined with the long-term savings on fuel and maintenance, the current deal makes the Model Y more financially attractive than ever.