Tesla DROPS Financing APR %
Tesla Financing Update and Future Incentives
Introduction to Tesla's New Interest Rates
- The stream begins with an announcement about Tesla lowering their financing interest rates, sparking excitement for potential buyers.
- The host suggests that this change may be just the beginning of more incentives from Tesla.
Details on Interest Rate Changes
- The host introduces himself and emphasizes his focus on "Tesla deal hacking" to secure the best financing rates.
- Tesla has reduced the interest rate for financing all models (except Model Y), now set at 5.99% for up to 72 months; a higher rate of 6.99% applies for 84-month terms.
- Notably, credit unions may offer lower rates than Tesla’s new financing options, which can be accessed through a Patreon link provided by the host.
Current Promotions and Inventory Insights
- Alongside the new interest rate, several promotions are available: three months of free supercharging, free full self-driving transfer, and special offers on Model Y deliveries by quarter-end.
- The host observes increasing inventory levels across various models as August begins, indicating potential future incentives or discounts from Tesla.
Predictions for Upcoming Offers
- Speculation arises regarding whether Tesla will introduce more aggressive offers after current promotions end on August 15th or if they will adjust pricing based on inventory levels.
- Viewers are encouraged to share their predictions about upcoming changes in incentives or discounts related to Model 3 due to its high inventory.
Conclusion and Engagement with Viewers
- The host highlights that even minor reductions in interest rates can lead to significant savings over time, especially over longer loan terms.
Tesla Model Y Refresh and Rivian Leasing Insights
Tesla Model Y Concept and Design Discussion
- The host introduces a new concept photo of the Tesla Model Y, highlighting a recent leak that revealed images of the vehicle's rear design.
- Acknowledgment of previous leaks regarding the interior of the Model Y refresh, referred to as Project Juniper, along with a new render showcasing its side profile.
- The host expresses ambivalence about the new rear design compared to the old model, inviting audience opinions on the aesthetic changes.
- Critique of the new design suggests it feels "off," particularly due to an incomplete representation of features like the full LED light bar.
- Anticipation for more leaks and spy shots as production progresses; reflection on past leaks from a year ago related to another model.
New Tesla Vehicle Photos
- Introduction of newly released photos by Tesla featuring various models including a long-range Model 3 and a rear view of a Model Y in Quicksilver color.
- Commentary on how some images appear AI-generated, raising questions about authenticity in marketing materials.
Rivian Leasing Strategies
- Transitioning to Rivian leasing options, discussing potential strategies for securing lower monthly payments on R1S and R1T models.
- Highlighting better lease rates for 24-month terms versus 36-month terms; example given shows $640/month for 24 months compared to $699/month for 36 months.
- Emphasis on shorter leases being preferable; however, caution is advised regarding down payment differences between lease durations.
- Discussion around potential costs associated with longer leases such as tire replacements that may not be an issue within shorter lease periods.
Considerations for Buying a Tesla
- Addressing viewer questions about whether purchasing a Tesla is worthwhile without home charging capabilities; recommendation against it if reliant solely on Superchargers due to cost and convenience issues.