Actually, it’s ALWAYS a good time to buy a Tesla! But right now, there are several deals you’d be crazy not to avail yourself to, including, but not limited to:
- Federal TAX Incentives are still a thing. And this applies to specific models whether you elect to finance, pay cash, or lease (which leads me to the next deal).
- That is, Tesla now offers new ‘lease-end options‘. For those familiar with leasing autos, this is commonplace for most other manufacturers, but is new for Tesla.
- Use your own, or another person’s (like mine – https://ts.la/glen27381), Tesla referral code and save another $2000 off your new Tesla.
- 0% (or low %) financing for those who qualify, or certain models. Here are the caveats:
As of November 11, 2024, Tesla is offering 0% APR financing on the Model 3 and Model Y for borrowers with excellent credit. However, there are some conditions to this offer:
- The financing is only available for 72 months.
- The buyer must purchase the Full Self-Driving (FSD) semi-autonomous driving system.
- The buyer must make a down payment of at least 15%. If the buyer can’t make the down payment, the interest rate increases to 0.99% APR.
- Removing the FSD option increases the interest rate to 5.29%.
And here is THE BEST DEAL in town, in my humble opinion:
And to add icing on the cake, you can buy this car at the end of the lease, which I know you’ll want to do – there’s a lot to love about this car! Your lease-end buy-back for this car is $28,522 plus a $395 disposition fee plus a purchase fee ‘up to’ $350 plus taxes…
My advice is to invest the $28,500 the car will cost you in 3 years in TSLA stock (or NVDA) today and leave it there. Not only will you be able to afford to buy out your lease, but you’ll likely have recovered all of your lease cost.
If I didn’t love my 2023 Model 3 so much, I’d be jumping on this deal. Or, of course, wait a while and there will be other deals from Tesla you simply can’t pass up. And just for grins, here’s my 2023 Model 3 RWD (not long range).
And the 2024 Model 3 RWD (long range)
The 2024 IS a better car, just not better-enough to replace my faithful stead…