1.99% Interest Rate on Tesla Model 3 RWD and Long Range AWD @ Tesla

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Tesla have on their website this morning offering 1.99% Interest rate on the Model 3 RWD & AWD,

QLD Model 3 RWD $58,594 Drive Away
NSW Model 3 RWD $59,818 Drive Away
ACT Model 3 RWD $57,715 Drive Away
NT Model 3 RWD $59,150 Drive Away
SA Model 3 RWD $59,851 Drive Away
VIC Model 3 RWD $60,158 Drive Away
WA Model 3 RWD $61,449 Drive Away
TAS Model 3 RWD $59,609 Drive Away
ACT Model 3 RWD $57,715 Drive Away

For those in QLD, Rebates up to $6,000 are also still available Queensland Zero Emission Vehicle Rebate Scheme

Note: I have marked as associated, I don't work for them however I run an un-official Facebook group called Tesla Owners Australia

1.99% p.a. Interest Rate | 3.57% p.a. Comparison Rate
Order and apply for finance on an eligible Tesla vehicle by 31 August 2024 and take delivery by 30 September 2024 to qualify. Valid only for eligible purchases of new Tesla Model 3 Rear-Wheel Drive and Long Range (AWD) configurations for finance loan terms up to 5 years. Not eligible with balloon repayments. Credit subject to financier's approval. Terms, conditions, fees and charges apply Interest rates are subject to change.

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Comments

                    • @hardoncollider: Can you expand more on this point @hardoncollider? I'm a little unclear on what you are saying, but I'm looking at NL a Tesla

                      • @SirFrankGrimes: https://www.youtube.com/watch?v=xSre_KbWFBY

                        This video goes in to great detail about it! It depends on your financial situation and it's difficult to say because Tesla keeps reducing prices.

                        Personal opinion: love EVs, but I don't have one and can't justify the depreciating cost. Currently still believe it's early stages, the car itself is potentially there depending on who you ask, but infrastructure definitely isn't and can see leaps in improvement. I've purchased a hybrid second hand, sell it in ~5 years and buy an EV once that improves.

                        Also disregarding politics, China is an innovater in the EV market - the price of vehicles for EV markets dropped further, so I believe this will happen in other markets.

                        My prediction is Tesla and other EV prices will fall at RRP (maybe not drastically). More importantly for emerging technologies the second hand EV car market will see huge disparaties in price, further making NL difficult.

                        A lot of people are incentivised by the tax incentives, but I think this is a more hollistic outlook.

                    • +1

                      @hardoncollider: Yeah, if you take into account the potential depreciation and the balloon cost at the end. At the 16% tax bracket on my part time job, forget about novated leasing.

                      • @ChickenAdobo: Mate. If you are in the 16% bracket, prob consider car at this price range at a later day.

                        Guessing you are in your 20s.

                        • @Chinese: I’m actually in the 30% tax bracket when two income combined. Not in my 20s.

                          • @ChickenAdobo: Then the FBT benefit will be at 30%. Not sure how it (allocating the cost saving from tax) works out on two different jobs.

                  • @ChickenAdobo: It's very close in your circumstances.

                    Rego is $33 a fortnight, insurance will be $100+ per fortnight, your repayments will be $500+ per fortnight, tyres you'll need to budget $30 a fortnight. All up it will cost (conservatively) in the region of $66 per fortnight, plus $6,500 deposit. Total cost over 5 years is at least $93k.

                    The novated lease would cost you $74,360 plus $16k is $90k.

                    You can claim charging through a novated lease which will tip the scales slightly more in favour of the NL, but agree that in your circumstances the savings aren't worth the loss of flexibility going for a NL. For those who pay 48% tax (with ML) the savings become much more valuable.

                    • @WhatWouldBiggieDo: I’m planning to quit that job in the future anyway. Don’t see a long term benefit going novated leasing. Thanks for your additional input.

        • +2

          You were negged but, it's the truth, did the math and yes NL was cheaper despite much higher interest rates.
          Truth is most profit is going to NL providers and it's all funded by the TAX Payer.
          Most people these days are more concerned with how Elon spends his money, but don't bat an eye-lid with how the governments spends theirs.

    • -7

      Based on your horrific case of TRD, how long will it be before you're climbing on top of a roof with a gun at a political rally?

      • -1

        This df thinks he’s in america

      • +1

        I just don't believe in supporting bigots… Strange thing on the internet these days I know.

        • -1

          But you don't have a problem with other companyfounders who hate certain races so much he uses them as literal slaves for forced labour in his factories.

          • -1

            @howcan: Elon is not the Tesla company founder - he purchased the company and then started calling himself the founder.

            • @Charleston: He got your hypocritical ass their buddy.

              • +1

                @EitherWayUp: Not really… of course I'm against slave labour. If you read the article as soon as Dyson found out about it, they performed an audit and then they cancelled the contract with the supplier.

                The claims are that they knew about it prior to this, and if that is found to be true then I will absolutely consider this when I make a purchase in the future.

                With Elon I just have to listen to what comes out his mouth as an individual.

                Oh, also going through my old post history then googling the company to try to catch me out is just weird.

                • +2

                  @Charleston:

                  Oh, also going through my old post history then googling the company to try to catch me out is just weird.

                  You literally started ranting about Trump propaganda and ketamine on a deal for a cheap finance interest rate… I think you may want to recheck your definition of weird.

                  • @howcan: That’s the hive mind process… it triggered his “orange man bad” keyword tag, in this case ‘Tesla’.

                  • @howcan: Yeah that's fair haha, it was worth a laugh though

            • @Charleston: Elon didn't "purchase" Tesla, he was the company's initial (Series A) investor. It was his investment which allowed the company to put pen to paper for the first time. Tesla was Elon from the moment the company did anything.

              The only thing which pre-dated Elon was filing papers of incorporation. If Eberhard and Tarpenning (the people who filed the paperwork) deserve credit for anything, it's for almost bankrupting the company with their incompetence.

              • @Simon Wright: Just so I understand what you're saying, Elon saw this almost bankrupt company that only value they had was the name 'Tesla' and he went and gave them millions of dollars?

      • +3

        But Charleston doesn't sound like a registered republican?

      • TRD

        TRD?

  • -3
  • Typical Victoria…the land of excessive taxes of overcharging.
    Pardon the pun 😊

  • +5

    I am still not convinced Teslas are good cars. these interiors are not comfortable, clean lines feel boring, lack of instruments behind the steering wheel feels confusing, no dedicated buttons for most often used functions (climate control, navigation, media, some sort of shortcuts), suspension is too rigid

    I went with BMW iX3 and it's just a joy to be in and get in and out of. you can feel all the generations of car building experience that went into this. it gives you a smooth, respectable, and swift drive, and can go sporty at the click of a button (and has a physical button for it, along with 2 dozens more, and believe it or not I use most of them daily).

    Teslas just feel like they got some random engineers together and said "hey let's build a car". the result was an efficient electric drivetrain, and everything else was an afterthought and engineered backwards. didn't consider them for my new car at all.

    • +8

      Also a 50% or $30,000 more expensive car by the looks of it though, which is kind of a factor…

      • +1

        Yep iX3 is a 100k car, and that's the difference in quality - Tesla is trying to get to be a mass market car

        • it's amazing how Teslas used to cost you way more, while offering less.

          • +1

            @shabaka: They charged for innovation and brand, with the goal of reducing prices and being mass market. It's an interesting strategy.

          • +1

            @shabaka: Any new product from a new company needs a load of money spent on R&D and manufacturing setup. It's completely normal for new things to start out expensive and then decrease in price over time, while improving. Combine that with the massive decreases in the price or batteries over time.

      • -2

        true, but I am not convinced Tesla is a good car at whatever price point it is at right now. If I were convinced it was a good car, I would have saved myself some hefty $$$k and bought it, right?

        • How do you define what a "good car" is?

          • -1

            @mrdeal13: gets you from A to B with comfort and safety, lets you enjoy the journey, enables you to do more without taking eyes off the road

            Tesla just isn't there as I take my eyes off the road to do most basic things, it makes me feel every bump, and it's just not comfortable to drive. it's my personal opinion, and your may differ. but I am cursing every time I get a Tesla for my Uber

    • +2

      I'd say that's true of previous version. The "Highland" interior is a lot more refined. There are dedicated "buttons" on screen for everything you refer to. Plenty third party stuff with physical buttons etc if you enjoy clutter.

      • +3

        I can argue with "clutter" because physical buttons are always there, and for instance in a BMW they are designed in a way that you can tell them apart by touch, without looking.

        means that I can trigger what I need without taking my eyes off the road, which is kinda safer, IMO

    • +1

      Yeah and it's 30K more than the base Tesla, so I guess you are paying for those features.

      • -3

        yeah, and I also thought it's better resale value down the track (hopefully). after all, it's a solid luxury ride, electric or not. I am pretty sure that years from now BMW is still going to be a name that is recognized. while Tesla.. you never know what kind of drugs this Musk guy is on, and what he's going to do tomorrow. My trust in his endeavors has been steadily declining over the recent years

        • +1

          I am pretty sure that years from now BMW is still going to be a name that is recognized

          If they keep enlarging their grills for sure they'll still be recognisable, from 3 blocks over…

      • +1

        plus the BMW comes with archaic software compared to the tesla.
        If you are buying european for an EV, you are a badge snob that's costing you another brand new EV 2 years later.

        • +1

          what's archaic about it? it does everything I need plus a ton more, and is very well thought through. received an update recently, too

    • The 2024 version fixes the comfort. These are cheap cars now. You get what you pay for ultimately.

      • -2

        sorry, I don't do YouTube. could you summarize please?

    • +1

      I have a fairly sporty (and heavily optioned) 2013 BMW which has been so enjoyable to own that 11 years on I feel no desire to upgrade. On a recent week-long trip to Sydney I rented a base model Tesla (Model 3 RWD pre-Highland) and given its reputation I was expecting the ride to be harsh and the build quality to be disappointing. After all, this car is nearly half the price as much as my BMW, if you account for 11 years of inflation.

      After a week with it, I was struggling to find things I liked more about my BMW than this base spec Tesla. My BMW's steering is slightly better (I love the variable ratio steering rack) and ride comfort is slightly better, but the overall handling was on par and didn't feel like a downgrade. There's a few subtle features of my BMW which I missed. But those pale in comparison to dog mode, to be able to pre-heat/pre-cool the car remotely from the app, for the better audio system, to be able to refuel at home, and to reduce my interactions with car mechanics.

      But the number one appeal of the Model 3 for me? That the car's software won't be abandonware. That seals the deal for me. I will never again buy a car from any company which doesn't have a solid reputation for long term software updates.

      The Model 3's biggest flaw IMHO is the glass roof, which can be mitigated with a snap-in shade. I'd also wish for normal door handles, and better rear view mirror visibility. I prefer cloth seats in summer, but Highland ventilated seats should eliminate that concern. Given what I experienced with a pre-Highland RWD, there's no doubt that if I had to replace my car today, it would be a dual-motor Highland. It's not the perfect car, and $70k drive away is a lot of money, but when I look at the competition, everything is a serious compromise or over $100k.

      • in BMW iX3 you can start pre-heating or pre-cooling from the app as well. not to mention that in the app you can see status of all doors and windows in the car, tyre pressure, location (gosh where did I park last night, but also really cool when you drive to some unfamiliar area, park somewhere on the street and can't find a way back to your car when you are going home), charging status, remaining range, trip statistics and what not.

        also it handles way better than model Y it competes with, plus has interior that makes you want to stay in the car while you charge it. yeah Tesla may charge faster, but BMW is just more comfortable and pleasant to drive. also, instruments should be behind the steering wheel, that's the safest way to do it IMO. BMW gives you current speed limit, your speed limit, and any other warnings along with navigation instructions right there, a quick glance with your eyes keeps you in full control. I would never get a car that has nothing behind the steering wheel..

        but each to their own

    • +1

      I've owned BMW, Mercedes C-Class, Hyundai i30N, Toyota Corolla and just picked up a brand new Model 3 Performance. It's the best car I've owned - combines comfort and performance (the adaptive suspension is excellent), the best sound system I've heard in a car and the best all round tech. It took a day to get used to everything you've mentioned. Fair enough if others can't get used to it though.

    • To me, it's the best car I've owned at doing the car stuff. It gets me from A to B comfortably, easily and cheaply. If I need power/acceleration, it's there, if I don't need power it's a very easy and peaceful drive. I have plenty of interior and storage space. It's incredibly easy to live with going without a key, having all the remote functionality and OTA updates that has made my car even easier to live with over the years.

      Is it as fun or as refined as my old Audi S3? Probably not and I do miss that car occasionally but it's really hard for me to fault the Model 3 as a daily driver. Sure I could use an extra button or two and I would've liked the real leather seats I used to have but I've lived with it long enough that I really don't think about it. To me, it ticks all the boxes for what I would consider a good car.

    • Different strokes different blokes. EV's are meant to be computer on wheels with a certain level of intelligence expected. I find the legacy car incredibly distracting with all those redundant buttons and no actual intelligence to make your life better and less hectic. I will give you one example - in a Tesla the lane change indicator does not have static values like 3 blinks or 4 or whatever, the car knows when you have changed lanes because the camera's can see that and turn the indicator off. The automatic dashcam or the sentry model when parked or the fact that you do not need a key, the phone is enough or the app which works infinitely better than anyone else.

      This is before I get to the Tesla API's vs all of the other legacy brands. We are developing a product to automate car charging while plugged in and BMW/Mercedes API's are a nightmare to work with. There is a limit of 8 charging or discharging commands per day and it can take upto 10 mins from issuing the command to the car actually responding. Utterly ridiculous.

      • EV's are meant to be computer on wheels with a certain level of intelligence expected

        I think it's more of a marketing trick rather than anything else. EV is the same car, just motion is generated in a different manner, and naturally there's a different way to "refuel" it. being a huge battery on wheels it opens up a lot of possibilities for connected experience when you are away from the car, but no inherent "super-smarts" expectations besides marketing tricks and whatnot that could be delivered on conventional ICE cars if market demanded (it didn't)

        iX3 can be opened without a key as well, I can use my phone. can start cooling or heating from the phone. find where my car is. sound the horn from the app. or blink the lights. I know what my charging state is, what the remaining range is.

        as for the "smart" bits you mentioned, I don't like that shift in the paradigm that the car is smarter than the driver. I am the master in my car, and those classic cars' interiors spell that loud and clear as you get into the drivers seat. I don't want it to guess what I am trying to do in my car, I'd rather control everything the car does. for that you kinda need controls. you know there's a reason we don't have just a steering wheel in the airplanes. there's crap load of buttons toggles and switches in there despite computers being capable of flying planes. and we still train pilots to fly.

    • It's fine to prefer the iX3 but your other claims are complete bollocks.
      The Tesla's are clearly EVs designed from the ground up for safety. It's not an opinion, but un-true to claim otherwise. A tremendous amount of thought and engineering went into making them simple and safer.

      So Hey lets build a car is rubbish, heaps of engineering tare downs of the Tesla and BMW provides an insight into how far ahead the Tesla engineers are.

      Are Tesla engineers better? Unlikely, but they get to implement their ideas and improvements.

      • I have test driven Teslas when they came out. and these basically are reasons why I didn't buy any of them back then, and still not convinced today. as someone who likes to enjoy driving cars, and enjoys the process of driving itself, I can tell that I didn't enjoy driving any of the Teslas, and new models are more of the same, slightly better as they polish them as they go, but have fun on the 2nd hand market trying to figure out what iteration of each model you are getting, and what to expect from each of those. it's a public beta testing program at best, and no thank you Elon I am not going to test your cars for you, I want something I can rely on, and enjoy driving too.

        trust me, before choosing iX3 I test driven every EV under LCT worth driving, and Tesla didn't make the list. I stopped by the dealership, had one look inside, nope still the same, crossed out.

        • You missed the point, not everyone should or needs to purchase a Tesla.
          Not even claiming a Tesla is better, just calling out your comment as rubbish.
          I don’t own a Tesla, I drive an ICE car.

          • @UltimateAI: not sure sharing an honest opinion can be qualified as "rubbish". I said I am not convinced they are good cars, not even at this price. if you challenge my thinking, then give me some real arguments.

            for instance, I am not sure how having to take your eyes off the road to look at a huge iPad in the middle of the dashboard can be considered "safe" and how it was engineered for "safety" from ground up. what were ICE cars engineered from ground up for? to kill as many passengers as possible? highly doubt it. would be interesting to hear more

  • Hi OP, is it worth buying an used tesla?

    • +2

      Yeah absolutely if it's going to suit you. I've seen some great deals on 2 years old model 3s with sub 50,000kms for less than 40k.

      • How much money can you save buying a tesla?

        • +2

          About the same as your piece of string.

    • +1

      Better than buying one new and having to directly fund Elon's latest gambit.

  • +1

    Great for people don’t have access to novated lease

    • And if changing employer, may not be able to take car/NL with you

      • Yeah it a mental block that you have to be stuck at your job for 5 years because of your car payment

        • Just do yearly if your cash flow allows. And you can transfer your lease to the new employer's lease provider, as long as your new employer also provides NL as benefits.

  • Am I able to use this to finance the car as a novated lease, if I can do a self managed novated lease with my employer? Or does the loan structure need to be considered a Novated Lease too?

    • You might if you have self managed finances option

  • +1

    I have a Model 3 with over 295,000km & Model Y with 40,000km

    Both are amazing vehicles, if you are trying to find out more about them, plenty of content on the Facebook page I have linked to on the main post.

    • Do you drive your Model 3 as an Uber?

      • Yes, Since 2021

        • Associated for Uber?

          • +2

            @askbargain: No, but was able to obtain the $3,000 Per year refund in service fees since 2021 enjoying them even to this date

        • Main income or side gig?

  • +6

    Waiting for new Y

  • Any way to access the QLD rebate if I have family living there? ie purchase through their name and transfer?

    • Maybe, check the terms on sale for the rebate

  • +2

    Fees must be huge for 3.57% comparison rate off a base 1.99%

  • +3

    Sat in a model3 and its comes off really cheap. Competitors have caught up with the battery and powertrain technology, they have the advantage of QC and quality. Kia EV6 and Hyundai Ionic 5 are way better cars.

    With competition from BYD, 45% decrease in Q2 sales and Elon supporting Trump, prices are going to fall pretty hard on these. expect a $10K drop in Q3/4. Bad deal.

    • -1

      Please share the service cost intervals on those other manufacture vehicles with the wider audience.

    • +3

      The Kia and Hyundi are better cars until you drive them. The Tesla 3 and Y are better cars in almost every conceivable way; driving dynamics, charging infrastructure, servicing costs, price, interior space.

      Agree that the interior is lacking, and the Y is a pretty ugly car (I own one).

      • +2

        The EV6 and Ionic 5's have much better driving dynamics, and I have a Telsa heh.

      • charging infrastructure

        Tesla can do V2L?

        • By charging infrastructure I mean the ability to charge whilst out on the road. Tesla say (whether you can trust Elon is another matter) that their vehicles are capable of allowing it. I'd be moreexcited about V2H or V2G

    • +1

      Tesla was first, made a lot of promises and was able to sell at an extremely high costs.

      With other company's on their heals they really had to adapt to survive, but they just haven't - the product remains the same except the quality is worse.

    • +1

      as mentioned above I concur with the statement that model 3 interior feels cheap. all Tesla interiors feel cheap. and the look and feel has "why??" written all over it, in bold font, too.

      as for Kia EV6 and Hyundai Ioniq 5 interiors are not much improved over Model 3.. I sat in Ioniq 5 and it's a disappointment. the whole cabin looks cheap while trying to imitate luxury

    • -3

      While opinions are always relevant this is just plain lies.

    • No they havent. They tech game is still poor, they want you to carry a key, they still cannot to off the air updates not just to the infotainment software but to actual functioning of the car itself. I have had a Model Y for a year now and in that time, it had around 25+ updates which have improved the experience with the car immensly from infotaintment UI to more optimised cooling and heating all done via updates.

  • +3

    I'd rather keep my hybrid Toyota.

    • +5

      and the 90's dashboard

      • haha how bad is their dash!

        • Even the people from North Korea who does not have access to anything can figure all the features lol

      • Much easier to read as it's not off to the side, and has buttons so you can operate features without having to take your eyes off the road

      • I've never seen a 90s car with a full colour LCD dash.

    • I drove a new Hybrid Camry recently. Couldn't believe how bad it was, reminded me of driving my '04 Falcon. Toyota have a lot of catching up to do

      • The Camry is a bit ordinary, fortunately you can import a Toyota from Japan that is much nicer, RWD and faster than a Tesla.

  • +1

    The rate at which ev prices are falling, they should offer at 0%

    • +1

      Can you direct us to a better deal?

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