Tesla is offering 5.99% APR financing on its 2024 Model Y Performance for buyers who choose a 72-month loan term. The rate applies to the Performance All-Wheel Drive configuration, which sits at the top of the Model Y lineup. Tesla maintains this same 5.99% rate across all Model Y variants, including the Rear-Wheel Drive and Long Range models.
The 2025 Model Y pricing ranges from $46,630 to $53,130 depending on the trim level and options. The Performance variant carries the highest price tag in the lineup. Buyers can also lease the Performance model for $599 monthly over 36 months with $4,293 due at signing. That’s considerably higher than the base Rear-Wheel Drive lease, which starts at $299 per month.
The 2025 Model Y lineup spans $46,630 to $53,130, with Performance leases starting at $599 monthly versus $299 for base models.
Local Federal Credit Unions potentially offer better rates at 5.5% APR, giving buyers an alternative to Tesla’s financing. The 5.99% rate doesn’t include additional manufacturer incentives or rebates. However, qualifying purchases remain eligible for the federal EV tax credit of $7,500.
The Performance model delivers impressive specifications that justify its premium pricing. It accelerates from 0-100 km/h in just 3.5 seconds and reaches a top speed of 250 km/h. The 2025 version features new battery technology providing 580 km of range with 82-84 kWh of usable capacity. That’s a 4-6 kWh increase over the previous model. The Performance variant also includes upgraded interior badges, stronger side panels, and distinctive exterior elements. The vehicle has a towing capacity of 3,500 pounds, though a hitch is not included as standard equipment. The Performance model features new 21-inch wheels designed for better airflow and symmetry.
Tesla’s financing approach differs from competitors who often use promotional rates to increase sales. The company maintains its standard 5.99% APR across the luxury EV segment without seasonal adjustments. This pricing strategy suggests stable demand without aggressive incentive programs. The financing is available nationwide, including confirmed availability in Texas. Regional variations might exist through local credit union partnerships that offer improved rates.
The 72-month financing term contrasts with the 36-month lease option, giving buyers different payment structures. Financing leads to vehicle ownership after the loan completes, while leasing requires returning the vehicle after the term ends.