• expired

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.

Referral Links

Referral: random (898)

Referee gets $1400 off Model Y & 3 purchase.

Referrer gets $700 credit toward Supercharging, software upgrades, merchandise, service payments or a new vehicle. Limit of 10 referral benefits per calendar year.

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closed Comments

    • +6

      and the property market may crash tomorrow and everyone will be homeless

      • -4

        Yes sure, a relatively stable long term market over 30 years & with current surge of demand, Something everyone NEEDS (a roof over their head).

        Great comparison to an declining brand, 2024 current sales well down on 2023.

        Tesla valued at 780 billion and sold 1.8million cars last year.

        Toyota valued at 258 billion and sold 1.8million cars in a month and a half.

        As i said, huge financial risk - but you are more than free to make your own choice.

    • +1

      You cant be serious and if you are, this daft. Are you telling us that whether someone is convicted or not in US depends on who is in power?

      • -8

        Absolutely. D.Trump will squash all Musk lawsuits.

      • +1

        It’s absolutely is bro. One recent example is Diddy and those on Diddy’s list are now in hot water, when it’s commonly known Diddy parties have been happening for a long time now. In comparison, nothing is being talked about Epstein‘s list, which very likely contain large number of politicians.

    • +1

      No, this is ridiculous.

    • +1

      1 person does not make a company.

      • You dont think 1 man, the CEO can bring down a company?

        I have some shares in Enron to sell you.

        • +1

          Name the one person at Enron that caused Enron to collapse. Enron is a text book example of an extreme lack of governance from many parties both within and outside the organisaton.

          • -1

            @LeonC: Twitter is being collapsed slowly and their CEO has something in common with the Tesla CEO.

            • -2

              @RubenM: Twitter was already collapsing why do you think they were so desperate to get musk to buy it?

              Musk is restructuring it, might work or might not. Part of restructuring is cutting it down to something sustainable.

    • +5

      I'm no Musk supporter, but Tesla is bigger than him.

    • +2

      What's the 'numerous crimes' that Elon Musk has committed?

      • +3

        An obvious red herring question. But here goes.

        Securities and wire fraud concerning Full self driving.

        Undisclosed (Russian) investments in Twitter.

        Numerous wrongful dismissal & unpaid entitlements for sacked twitter staff.

        Violations against the FAA and EPA with starlink.

        Oh and just a teeny tiny one where he broke the Logan act.

        • -2

          You don’t change the world without cracking a few eggs none of these are super serious.

          I mean Russia invests in bloody everything they where the primary source of funding for the NRA one of the largest lobbying group in the USA.

          If star link was such a nasty violation he wouldn’t be winning tenders for work with the international space station etc

          The guy has a probably been responsible for the biggest leaps in technology outside of war time.

          Star link is amazing. This has done so much for poor nations without the politics that comes with under sea fibre or how expensive satellite connection was previously.

          Tesla is amazing, others with far more resources, better brands and history are still playing catchup. It’s inspired a whole industry.

          The big battery in Adelaide was amazing just quickly they got it done, I mean to put it contrast it takes my local council longer to fix a pot hole.

          Neural link has so much potential to help disabled people.

          Perhaps I’m getting old but I remember how revolutionary PayPal was too his previous x.com played a part in that. I actually recon the downfall of PayPal has a lot with him trying to get twitter and turn it into an all in one app with payments.

          I really don’t agree with the guy politically but I’m glad his out their genuinely trying to improve and change the world.

        • -1

          Why an 'obvious red herring question'? Actually it was a genuine question champ.

          I did a bit of digging into your list and found that although some of what he's done is technically illegal, there's nothing really serious. But if he has committed crimes, then it's up to the justice system to pursue him.

          • @R4: Thanks for asking, they way you phrased the question with the apostrophes 'numerous crimes' is generally a way to imply a disingenuous question over the internet.

            And its easy to find this information on the this new tool - www.google.com

            I dont understand you want to protect these billionaires from consequences of committing crimes?
            Us regular folk aren't afforded the same treatment if we say steal from an employer.

            • +1

              @AnotherRedLight: I'm not saying that. If he's committed crimes then he needs to be charged.

    • +1

      i didn't know diddy was going for president!

  • Thanks OP! Good time to buy an EV

    • No. Hold off for another 6 months. Ul probably get the rates down to 0.99%

  • +1

    "Order and obtain finance approval for an eligible Tesla vehicle by 20 December 2024 and take delivery by 31 December 2024 to qualify"

    So if they fail to get it to you by Dec 31 do they jack the rate up?

  • +11

    It's bizarre how every post about EVs becomes a political slanging match over China and US elections.

    If you don't like these cars, don't buy them. No one is forcing you to. Simple.

    • +6

      Problem is those wanders don’t have a place to shit other than here.

  • -7

    Tesla will start throwing in free MAGA caps to sweeten the deal and compensate for the increasing cringe associated with the brand LOL

    • Hahaahahahaha yuck for choosing Harris

    • +7

      better than diaper no?

    • -1

      Would make the deal ever better!

    • +1

      If I can get a free MAGA cap then I'm buying a Tesla.

      Sign me up.

  • -6

    Before you buy a Tesla, I recommend you look at how much it costs to insure.
    https://i.imgur.com/FT79584.png

    • +10

      Your screenshot's misleading, because that's just one insurer, and it looks like Budget Direct, who for some reason have a high risk profile for EVs, despite usually being one of the cheaper car insurers.

      Here's a breakdown of Comprehensive car insurance quotes I got on 20th August, for a MY24 Tesla Model 3 RWD (cheapest to most expensive annual premium):

      • Insurer / Annual Premium / Excess
      • Allianz / $1991 / $1100
      • RACV / $2008 / $1000
      • AAMI / $2055 / $1325
      • Zurich / $2446 / $1200
      • Youii / $3323 / $1150
      • Budget Direct / $4617 / $1000

      This was pretty surprising to me, because with my old 2007 euro car (which had a market value of about $10k), Budget Direct was by far the cheapest at around $720 (annual premium), with AAMI and Youi close behind. Allianz, on the other hand, was usually much more expensive, around $1800.

      • +1

        Mine is $1,090/pa with $1,600 excess via Comminsure who resell on behalf of Hollard.

        38yo male. 36yo female with 1 at fault claim 2.5years ago.

      • damn thats so cheap. mine was 2.7k for the tesla and that was the cheapest i could find. the rest were around the 4k mark

      • $1150 with RACV here with 1k excess. 2023 model 3. No choice of repairer, no hire car but I do have windscreen cover.

      • my 10 years old xc60, I'm paying $2000 for it with racv with a 750 excess. So tesla at this points seems quite reasonable.

    • +2

      That's a wildly higher quote than I've ever seen for a Tesla. Have you had a few claims recently? Or are you quite young?

      I just put in RACV quote, 30 year old with the RWD 2024 Tesla Model 3, living in Melbourne.

      $1904.94/Yearly

    • -1

      Model Y have an issue with repairs to the corner of the cars. They are unable to repair if there is some damage to the corner panels and the insurance ends up writing off the car and hence the higher premiums.

    • +1

      Wow, are you 18 and live in Alice Springs and had 5 previous claims against you?

      My last quote for a model Y LR via novated lease was $1900 per year.

    • +1

      Cost me $1200 with NRMA

    • +1

      I'm paying the same for my model 3 as the 2013 Camry.

    • +13

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

        • +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?

      • +3

        Indians are quite stingy with money, they were raised in a newly poor country ransacked by the British after all.
        Guess what race dominates Silicon Valley’s C-suite?

    • +4

      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.

  • 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.

      • Good insight. We're considering and it's tempting to jump in at 2.99% but it might drop to 1-2% in a few months…..will hold I think

    • 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??

    • -1

      Curious about this as well.

    • Tesla rep told me you get Enhanced Autopilot with Tesla sold used cars and they can get you any car they have Australia wide.

  • 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.
  • -1

    Clutching at straws.
    WAYYYYYYY to many sitting at ports and in storage facilities

  • +8

    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.

    • +3

      Thought I’d reply (I am waiting for a delayed Qantas flight and am bored, so upon seeing the usual 270+ comments to a Tesla deal, entertainment was beckoning).

      Your well articulated pros sound legit and like good points but I’d argue some of your cons aren’t really that bad. Doesn’t matter what it looks like really (in my opinion), noticing ICE cars stink is probably a good thing for you, and self driving - wouldn’t really trust that just yet anyway. But fully agree on the non tactile controls (that’s just about a non starter for me), and the bit about insane Elon.

      Looks like these EV deals, especially Tesla ones bring out the crazy OzB pitchfork brigades.

      • Thanks for commenting and I 100% agree with you. I'm glad it came through that my cons are a very weak list. 3rd party buttons and displays can be added. I thought the lack of controls would be a non starter for me too and had a shopping list of aftermarket gear that I haven't bought yet.

        Here are a few more pros:
        - Owning an EV cures you or any worries about range anxiety
        - thermal controls are great. It's so nice getting the car to the right temperature remotely.

        • +2

          Interesting. That point about owning one cures you of the anxiety - this needs to be communicated far and wide! Good to know.

          I don’t have an EV but I have a great respect for Tesla as a company. They blazed a path forward for EVs and set the standard. Their cars demonstrate what can be done with an electric vehicle (like ludicrous mode). I’ve always told people (I’m an electrical engineer) that EVs will be a game changer in cars because you can easily put a 150kW DC electric motor on every wheel and have fun. Plus the lack of gearbox, diffs, fuel lines, oil, ignition, fancy injection, timing, turbos etc. Tesla made it happen.

          • +1

            @Corgsta: They sure have been trailblazers but I probably would have picked up a Korean EV if there wasn't such a large price premium.

            The one thing I've changed my mind about since buying one is the Tesla charging network. I live 2hrs (almost exactly 1/3 of a full charge) drive from Melbourne and have used the charging network for much less than a single full charge in over a year. The charging network would be more important if you drive melb to syd weekly or you are an uber driver.

            The lack of ICE complexity is a huge thing. Saving money on servicing your car and repairing your engine is a game changer. For this reason I feel hybrids are not a great optoin for most people especially plugin hybrids. Anyone that buys a plug-in hybrid will buy a full EV next as it feels like an insult every time the ICE engine kicks in.

            BTW I had an Mitsubishi Outlander PHEV. It was a good car except for the air-cooled battery which degraded more than 15% per year and Mitsubishi refused to fix it under warranty. Battery degradation in Teslas is about 1% per year.

            • +1

              @GenerallyClumsy: Where there is simplicity, there will probably be some kind of hardware- or software-based complications designed to lock you in to only that EV manufacturer’s own or verified third-party service centres, which sounds good, until you realise they can extort you for simple repairs because they can.

              • +1

                @FujinShu: Theoretically yes and right to repair is a whole other kettle of fish. In practice EVs have less components and less moving parts.

  • 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?

  • -3

    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

  • -1

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

    • +2

      It isn't?

    • Just charge at home, it's cheaper and better. I sand corrected if that isn't an option. The real problem is we need a smart card AC charger network (slow) where you are billed at your home electricity rates. This would be for people with no off street parking.

  • +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.

    • Potentially in the market for one - I wonder if the rate will drop even lower between now and March….

      • +1

        I think it will. In Canada they just started 0.99% finance and it was extremely popular. I have a feeling if this is not as popular as they expect they may lower it to .99 or 1.99 - if you can hold out until end of year or very early next year I would definitely recommend. Also Toyota RAV4 hybrid has outsold Tesla across the board this year, so they are losing market share to more popular brand hybrids and hybrid's become ever more popular, Tesla will have to pivot somehow, I’m just not sure when they will.

        • Yeap, I suspect it will also be lowered (if not the rate, then the price overall). Rav4 hybrid is one of our other considerations, but I do like the idea of the EV (can do novated leasing too, need to look into that). Need to go test drive them all of course, but thanks for the info!

          • +1

            @Frosty17: I’m looking at the exact same, Tesla Y or Rav 4 Hybrid, both via novated lease so both get the FBT exceptions. I’ve test drove both and Tesla did come out on top, just power and handling, but the rav 4 was more practical. It’s been a tuff one and I still can’t decide so will see if Tesla drops the price a bit to make the offer even better. The rav 4 mid range spec is same price as the Y so either way it’s a good deal..

            • @Iwantthebestprice: Yeap, test drive will decide for us and also the mix of practical. RAV4 will keep its resale value but we won't be too concerned with that given we're buying the car to run into the ground haha. I wonder if you can get the lowered rate through novated lease- probably cant but be amazing if you can

              • +1

                @Frosty17: If finance comes down to 1% will be better getting direct from Tesla and not worrying about novated leasing, the best interest rate I can get via NL is 8.16%. Any savings from FTB is eaten up by the interest rate. I would definitely get the Rav 4 via NL though as I don’t think Toyota will ever do a 1% finance rate.

                Now it’s just all a waiting game haha

  • 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.

    • +2

      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

    • +1

      No

  • -2

    If Tesla are really serious about re-stimulating demand, they should…

    1) Have a system where they refund you the difference if they drop their RRP within x months
    2) Have a guaranteed future value system / buy back commitment when you’re financing from them in order to provide certainty to purchasers around re-sale. Probably fair for companies like Tesla to only offer that with shorter leases.

    On 2), I believe at least that BMW offer this with their EVs. It would be amazing if you’d be able to combine novated leasing with choose your own financier (picking the lowest interest rate) and guaranteed future value.

    • at least they are transparent with their pricing where as traditional car dealer have variation in price depending on the day of the month and how good you are at haggling easily afew thousand.

  • +1

    Lol, people will upvote anything these days.

    Friends don't let friends take out car finance.
    Unless its an EV
    And that EV is a novated lease.

  • +1

    Great rate.. any ideas how to take novated lease with this APR%?
    with novated lease rates around 9%+, this rate from Tesla is quite tempting..

    • Let us know if you can after you call the Tesla finance team and ask

  • Good deal for those who need to finance their cars. Tesla's have the best software by far of any manufacturer. Hopefully if the Model 2 comes to market they can offer a similar finance deal I'll be in the market for something that size in a year or so.

  • Referral credits are back too, don’t forget to use one and get $700 off

  • I know I am a bit late here in the comment section but has anyone here yet make a comment about 'high yield investment'?

  • +1

    If you could novate a lease at this rate would be amazing.

  • so i should basically just buy this under an ABN and 100% fbt it for personal use?

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