The time to buy was last month when interest rates were 0.99%. Many people don’t realize how much money that saves over the life of a loan. In this case, the difference over 60 months between 0.99%, and 6.39% is about $6000 of interest. That is the best deal you are likely to ever get on a brand new Tesla.

@knoxl7

Ай бұрын

Unless you’re a cash buyer. Then discounts would be the better deal.

@guildguitars6349

Ай бұрын

@@knoxl7 Yes, and there is no better discount than 0.99% financing. Put down the minimum amount and continue investing your money for the next 60 months earning a considerably higher return on your money while paying a mere 1%. One can pay cash, but they then lose the benefits of having that money working for them while the loan is paid off at a mere 1%. The return earned over 60 months will effectively reduce the price of the vehicle by at least an additional $4-6k, resulting in a savings of at least $10-12k between the interest rate and future investments, and possibly much more. Being a cash buyer will certainly eliminate interest, but it will also eliminate a substantial amount of returns via future investments that you will no longer be able to earn. A much simpler approach for sure, but not the best approach from a financial perspective.

@PillPushaT

Ай бұрын

@@knoxl77.5k tax credit is a discount to me. Just picked up a MYP in QS for ridiculous deal at 0.99%.

@PillPushaT

Ай бұрын

My thoughts exactly. I looked for every reason not to buy but it just made too much sense as a gift for my wife. I can’t imagine a better deal coming in this current economic environment.

@FrunkToTrunk

Ай бұрын

0.99% was 100% that sweet spot, I can't remember a time where any Tesla other than a lease was that low. That of course like others said if you're financing.

Thanks Matt for keeping us up to date...

@FrunkToTrunk

Ай бұрын

Thank you for watching Keith! It helps the channel get seen by more Tesla fans

I believe the New Model Y will increase about 10-15 thousand due to current Model 3 prices. There’s no way it will be priced the same as the model 3. Unless model 3 prices come down a bit. So paying 60-70 thousand, a higher interest rate for a refresh model without tax credits is just not for me. I’m glad I went with the current one at .9%. Maybe in a couple of years I’ll upgrade to a refreshed performance as the price decreases.

@FrunkToTrunk

Ай бұрын

Good assessment, but there is no way Model Y prices will rise above $55,000 that would disqualify then for the EV credit and I don't see Tesla doing that IMO

@knoxl7

Ай бұрын

@@FrunkToTrunk the EV credit goes up to $80,000 for suv. The newer model 3 Long Range and RWD doesn’t qualify because of the batteries made in China. Only the performance model does up to $55k. So if they went that route with the Model Y refresh, it wouldn’t matter anyway.

@liam1902

Ай бұрын

That makes absolutely no sense and goes against what Tesla/Elon has been saying about making the car better while trying to keep it affordable for the average person. They raise/lower prices based on supply and demand. Also, it seems that Tesla doesn't care if their sedan and mid-size SUV are near the same price. The new Model 3 remained the same price as the old one and then they raised MSRP multiple times of the trims that had high demand and/or ramp up issues. If the US tax credits remain in 2025, I am predicting the same thing to happen with the new Model Y (prob multiple $500 and $1k price increases over short period of time as orders flow in cause this also locks in buyers at the lower prices). As they deliver more new Model 3 LRs and sort out all their issues, then they can eventually reduce prices of that. If tax credits go way in 2025, Tesla will definitely eventually drop the MSRP of their vehicles by at least some thousands.

@knoxl7

Ай бұрын

@@liam1902 that’s why I said unless the model 3 comes down a bit. The 3 has always been cheaper than the Y by thousands. Still is until you look at the performance and that is the result of demand. So, I agree with you and your points about pricing. We know the Y refresh will be a highly demanded vehicle. I over exaggerated a bit about the higher increase.

@liam1902

Ай бұрын

@@knoxl7 Yep. When new 3 lost tax credit, Tesla didn't do anything about the 3 being way more expensive than the Y (due to tax credit). Even then they still had some amount of people order the new 3's at the high MSRP (3P is an exception tho cause that car has high demand due to it being amazing value and qualifying for tax credit). IMO the only way Tesla increases prices for new MY Juniper is due to massive demand after release or its initial release (by a few thousand) when it's available to order (followed by more price increases due to demand). I don't see them somehow raising prices $10k-$15k though. They could've priced 3P at a way higher price and lots of people would've still bought even if it didn't qualify for tax credit or have many color customizations but they were nice enough to allow that.

FRUNK’IN SWEET!

I missed the interest rate special. Cannot afford it at 6.39%

@FrunkToTrunk

Ай бұрын

Prices may come down the closer we get to the new Model Y Juniper coming out

So the price on the Juniper will be near $70k with the battery upgrade.

What car seat is that in the back?!

@FrunkToTrunk

Ай бұрын

Haven't forgot about you I have to look haha will reply soon

Will that deal come again

@FrunkToTrunk

Ай бұрын

I don’t see it happening again, maybe price decreases near end of year to push the Y before the Juniper refresh is my guess tough to say

Yes the model Y sales was insane bc of that low interest rate!!!

@FrunkToTrunk

Ай бұрын

An amazing time to buy! I'm very interested to see if we get a similar promotion for the Model 3 eventually.

@Taesmith82958

Ай бұрын

@@FrunkToTrunk oh that would be amazing!!!

@PillPushaT

Ай бұрын

@@FrunkToTrunkI’d upgrade to a new M3P if that were to happen. Patiently waiting….

You’re wrong in saying that the 19" Gemini Dark Wheels are now free. No extra charge isn’t the same as free.

@knoxl7

Ай бұрын

You know what he meant. Lol.

@FrunkToTrunk

Ай бұрын

Bruh 😐

@TuneupMagic

Ай бұрын

@@FrunkToTrunkTesla has succeeded in fooling people they are getting something for nothing!

I do not buy cars I can’t afford. I’ll buy a 2021 which is about the amount of money I want to spend on a car. Should be $31-34k including FSD which is the only option I want. It seems to me the only people who qualify for tax rebates are generally people who can’t afford $40K+ cars or maybe retired people. I’m not going to get a tax refund but I can also afford to buy without financing. I choose to not pay for the very expensive depreciation of new cars. That’s how I’ve done car buying since my first car (1976 Toyota Corolla). Paying thousands for color, wheels, or other gadgets makes little sense to me. Paying for the tow package does make sense as does paying for FSD on a used vehicle. I’m surprised private party adds for second hand Tesla Y in my area are all well above what Tesla charges for equivalent car. I think individuals and car dealers need to price cars well below what Tesla is charging to be competitive. I find this trend to be unique to Tesla owners who seem to have exceptional emotional attachment to their vehicles for sale. Im sure it’s nice to buy new cars but I’ll never know.

@FrunkToTrunk

Ай бұрын

My first new car ever was my 2021 Tesla Model 3. I always bought used until I hit (luckily) a sweet spot where I had money for a down payment, and the rates were around 3% or under. My payment is under $600 which I'm not saying is good or bad, but financially yes, right now the retail price is a lot. The prices for a Model Y as I covered in my latest video are over $700 which I personally couldn't justify paying. My payment even now is my max on what I can justify to myself for a car. I knew from Day 1 I would create a Tesla KZread channel which has helped me greatly, I am luckily, in the cost of that monthly payment as well. An inventory Tesla from Tesla's site sounds like a possible good fit for you. Thank you for watching

@liam1902

Ай бұрын

The income restriction for married is $300k but yes you are correct, lots of people are buying/financing these vehicles even though they don't make an insane amount of money to buy the car outright with no concerns. Sure you can buy a used Tesla for a cheap price but if you're able to keep up with everything Tesla offers, then you could find a deal that makes a NEW Model Y as cheap as a used one. For example during the first 1-2 days of Tesla announcing the 0.99% financing, they had a very late 2023 MYLR Black on Black (NEW) in inventory with a $5k discount combined with the $7.5k federal tax credit and the 0.99% financing over 72 months which was an extremely good deal. For cash buyers, back in March 2024 they had like 3-5 incentives running that gave so many upgrades and discounts off of a new Tesla MY.

@matshagstrom9839

Ай бұрын

People can justify buying new cars in many ways. In the end there is really no way around the fact that the first 1-3 years of a cars life have the greatest depreciation. Unfortunately today we literally have millions of people who borrowed for the car, the fees over many years and are now upside down on their car equity. Rather than being in a position to having slowly payed off the car gradually obtaining ownership they are now massively in debt if they want to get rid of their car. I know this is not Tesla related directly but low interest rates does not make the car less expensive. I have the money to buy what ever I want(decent earning but primarily savings) I like my savings more than I like driving new cars. Most people like new cars more than owning savings. Throughout my life my subordinates at work have usually always had nicer cars than me. They also all had monthly payment. It’s just a different way of thinking. I agree that since 2021 there has been good value in buying new cars because used care appreciated almost speculatively. During 2022-2023 some used cars tripled in price. Today 25% of used cars are selling for more than they were new. This is only in dollars. The US currency has lost its value. This explains why a cars like the Toyota Tacoma from first generation to early 2000’s are selling for more than they were new. The more technology a car has the less likely it is that people will want to own really old teslas. Once we see an entire generation of Tesla’s needing battery replacement the desire to keep buying new will remain stronger. I’m rambling a bit here but I’m curious if anyone has a thought on why people selling teslas are pricing their cars higher than certified pre-owned cars from the dealership? I see a lot of used Teslas on Craigslist that are priced far above what Tesla is selling the same car for.