How anyone had luck with finance rates getting reduced?

Foreign-Most-4552 | 2026-02-26 19:40 | 9 views

We ordered the Model Y premium which was advertised at 0.99 APR. Tesla came back and said the lowest rate that they can offer is 1.99 through Ally Bank. That was the decision from the finance team. Is this pretty much final or can anything be done to get to reduced further?

Comments (5)

Many-Relief-2235 2026-02-26 19:42

Usually that decision is final. Have you considered a co-signer that may qualify?

stevesylin 2026-02-26 20:01

If you have excellent credit score (720+) you can push back and tell them you want the advertised 0.99% When I ordered mine last year during 2.99% promotion period they quoted me 3.99% at first even though I had about 800 credit score. Had to message them a few times and even talked to them over the phone once or twice to get it dropped. Definitely fight for it if you have excellent credit score

Microshlongg 2026-02-26 20:04

ask for a lower rate. They offered me 13% through ally financial using my outdated TransUnion score of 586. My actual score was 735. It took three days of back and forth to get it dropped down to 3%. Back in 2024

fratzba 2026-02-26 20:48

I was offered 0.99, but my scores are well over 800. Did you do the prequalification check? What did it say? If you’re able to increase your down payment, that might help.

venom0329 2026-02-27 00:11

I'd read the fine print first. For example I snagged a 2025 Model 3 AWD for 0% APR but the fine print said I had to put down a minimum 15% and a max term of 60 months. That being said, it looks like yours is term up to 72 months and minimum payment of just the taxes.

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