2.99% p.a. Interest Rate (3.99% p.a. CR) on Tesla Model 3, Tesla Model Y RWD & Long Range AWD @ Tesla

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Similar to this previous deal however now applies to Model Y RWD & LR.

Tesla have on their website this morning offering 2.99% p.a. Interest Rate (3.99% p.a. Comparison Rate) on the Model 3 RWD & LR, Model Y RWD & LR for vehicles in inventory.

2.99% p.a. Interest Rate | 3.99% p.a. Comparison Rate

Credit provided by Plenti Finance Pty Limited ACN 636 759 861 (supported by its servicer, Plenti RE Limited ACN 166 646 635). Plenti RE Limited holds Australian Financial Services Licence number 449176 and Australian Credit Licence number 449176. Both Plenti RE Limited and Plenti Finance Pty Ltd are members of the Australian Financial Complaints Authority (AFCA). View Plenti's Target Market Determination.

Model Y:

Comparison rate is based on a secured car loan of $30,000 repaid over 60 months. Rates shown are current as at 3 October 2024. Terms, conditions and credit criteria apply. Fees and charges apply. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Order and obtain finance approval for an eligible Tesla vehicle by 20 December 2024 and take delivery by 31 December 2024 to qualify. Valid only for eligible inventory purchases of new Model Y Rear-Wheel Drive and Model Y Long Range All-Wheel Drive with finance loan terms up to five years. Not eligible with balloon repayments. Credit subject to financier's approval. Terms, conditions, fees and charges apply. Interest rates are subject to change.

Model 3:

Comparison rate is based on a secured car loan of $30,000 repaid over 60 months. Rates shown are current as at 3 October 2024. Terms, conditions and credit criteria apply. Fees and charges apply. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Order and obtain finance approval for an eligible Tesla vehicle by 20 December 2024 and take delivery by 31 December 2024 to qualify. Valid only for eligible inventory purchases of new Model 3 Rear-Wheel Drive and Model 3 Long Range All-Wheel Drive with finance loan terms up to five 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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Plenti (Previously RateSetter)
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Comments

    • +11

      No one cares about your preference. No need to Neg Karteej. Yeah bro, all cars are flying by the time your MG catches up.

      • -6

        No one cares for your preference either, but you are free to express your thoughts. MG is doing everything right, Tesla has become the new Apple - minor incremental improvements - while you can buy last year’s model at heavily discounted prices.

        • +2

          This deal is for the newly refreshed Model 3 though… "Available for existing inventory of new Model 3 Rear-Wheel Drive and Long Range All-Wheel Drive configurations".

          Respectfully, your comparison, at least in this case, doesn't stack up.

    • +3

      Not neg worthy.

    • Why do you prefer BYD / MG?

    • +2

      I'd definitely consider the MG4 first
      But owning both BYD and Tesla I'd choose Tesla again definitely. BYD is good car but Tesla is just better, more responsive, feels tighter, autopilot is amazing, and the experience is significantly better overall.
      Plus BYD have a horrible customer service model here and they have been awful to deal with and have increased maintenance costs already.

  • +1

    Probably need to highlight it is only available on existing inventory.. but perhaps there are a surplus of these on our shores now..

  • +2

    Tesla maybe trying to move Old Tech, as newer Players have hit the streets. (Xpeng G6), and coming soon BYD Sealion 7,
    I test drove Tesla, and loved it. Waiting to test drive Xpeng G6.

    • I think there's some truth to what you're saying here.

      EV sales have been a little softer overall this year, and I really think that has something to do with the fact there are so many new makes and models coming out next year. 25 is going to be huge for available EV's in Australia. Anyone seriously looking at their options for a new car right now (EV or not), would be holding off as its so close towards the end of the year.

      A really good interest rate (cheaper than home loans) may sway some of those buyers to pick up some of the excess stock Tesla has this year.

      I would expect that there will be even more deals as the clock to 2024 winds down and Tesla really start to get motivated to sell the backlog.
      Then as you get into 2025 and some of these newer models and makes come out, they'll discount the 24 stock even further.

      In a nutshell I reckon if you're serious in looking to buy an EV right, hold off just a few more months if you can.

    • This deal is for the newly refreshed Model 3 though… "Available for existing inventory of new Model 3 Rear-Wheel Drive and Long Range All-Wheel Drive configurations".

  • +1

    does this apply to used / secondhand models??

  • Why did the interest rate increased by 1% compared to the previous deal, when:

    • there’s a surplus of cars Tesla couldn’t sell.
    • the interest rate dropped in the US.
    • the interest rate remained the same in OZ.
  • Clutching at straws.
    WAYYYYYYY to many sitting at ports and in storage facilities

  • +5

    Wow, everyone is losing their mind in the comments. As a Tesla owner, here are the pros and cons as I see them:

    Pros:
    Doesn't stink or vibrate like an ICE car.
    You can leave home with 100% battery most of the time.
    Costs between $0 to $5 to fill up over 400km using OVO.
    Fast.
    Regular software updates.

    Cons:
    Looks like an Aldi version of a Porsche
    Full self-driving is still ages away.
    Very few Australia-specific software updates (e.g., voice commands struggle with Australian accents).
    Doesn't understand time-of-day speed limits (e.g., school zones).
    Misinformation in the media about EV becomes really frustrating.
    Becoming more aware of how much petrol cars stink.
    Lack of physical buttons and cameras (removing the indicator stalk was a bad move).
    And finally, there's a non-zero chance Elon could lose his mind and start piping his manifesto through your car speakers on loop.

  • The new Model Y is on the way too, which is causing people to hold off buying. This is probably an attempt to get some of the existing model out of the way

  • Still too expensive.

  • Model Y rwd not $55,990 anymore?

  • +1

    I would not go into debt to buy this hunk of shit.

    • you would if you have a 7% mortgage

  • +1

    imagine the interest you could make on the $20k you save by buying the MG4

  • If the charging network wasn't so laughably poor, I would consider buying one

    • It isn't?

  • +2

    Not bad rates at all, but will hold off until the new model Y is released next year. Once that occurs, Tesla will need to offload whatever 23/24 stock that’s left. if I needed a car right now I would jump at this, but as my car is still going I can hold off until Feb/Mar, and I recommended anyone that can hold off does.

  • Wow nice, anybody use smart salary and self managed a lease?

  • Hmm does plenti rate match if I got one with their old rate only a month ago? :D or just bad luck for me?

  • FYI Model 3 Standard Range is discontinued in the US.

    • That is a local issue I believe to do with rebates, batteries elc.

  • is it possible to get this and also NL with your employer? ie: Maxxia

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