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Matt is based out of Pittsburgh, PA and is an owner of a 2021 Tesla Model 3 Rear Wheel Drive (Standard Range Plus). His brother owns a 2022 Model Y Performance. On this channel you will discover the newest Tesla features, pricing updates, the best Tesla accessories, reviews, driving milestone feedback & more.
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These days newer versions of most products are usually made with worse quality, so I wonder if the next Y will actually be worse hardware and parts than the current one (because they couldn't get the same quality supplies and parts). The same way the older Teslas had additional radar or lidar vision and the newer Teslas only have cameras.
If Tesla is able to lower rates, the model 3 performance should have the same IMO. Anyone that paid for FSD should be able to transfer it to a new car.
It's a double edged sword if you will - Legacy auto has deals change all the time behind the scenes and it's up to them to pass them onto the customer - Tesla's rates are transparent but that can lead to some paying 2.99% and some just weeks later paying 6.39% that's why people gotta subscribe! (thank you for subbing)
@@FrunkToTrunk There are stories about huge parking lots overflowing with unsold Teslas. 2 or 3 years ago, there was a waiting list for a Tesla. Not any more! Demand is way down. Sales are down.
I still find it hilarious Tesla announces the 1.99% financing for new Model 3 RWD & LR on June 6th and then 2 days later, completely removes it for the LR trim 😂. Also those inventory discounts across all the models were a mistake Tesla made or something cause it was available for a night and the next morning but then removed completely (1 person on X was actually able to buy one discounted one before Tesla removed it). I believe they could be doing those inventory discounts the last 2 weeks of June to push delivery across most of their lineup. IMO, I think Tesla needs to start normalizing great deals throughout the quarters and not save the biggest/best for end of quarter pushes aside from maybe an extra incentive like supercharging miles, credits, etc. This would tell people to buy as soon as they can/are able to instead of always waiting for end of quarters for better deals.
These changes are happening constantly at legacy auto too you just don’t see them as a customer. Yes Tesla should have not announced 1.99% then remove the LR not sure what that happened. But the Tesla model is more visible vs legacy auto sometimes this causes scenarios like this
@@FrunkToTrunk Exactly! I made the same comment to someone a while back about visibility since Tesla doesn't operate like a dealership model. But yeah I think there's a common ideology of "don't buy now, wait until end of quarter for better deals" that every Tesla person/community says to new potential customers. I think Tesla needs to change that narrative so those people/communities say "if you see a great deal, then buy it cause no idea what Tesla will do next". Some people are anticipating 0% financing, massive inventory discounts, more price cuts, etc at end of quarters so some aren't buying these deals that come out throughout the quarters.
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I do not buy cars I can’t afford. I’ll buy a 2021 which is about the amount of money I want to spend on a car. Should be $31-34k including FSD which is the only option I want. It seems to me the only people who qualify for tax rebates are generally people who can’t afford $40K+ cars or maybe retired people. I’m not going to get a tax refund but I can also afford to buy without financing. I choose to not pay for the very expensive depreciation of new cars. That’s how I’ve done car buying since my first car (1976 Toyota Corolla). Paying thousands for color, wheels, or other gadgets makes little sense to me. Paying for the tow package does make sense as does paying for FSD on a used vehicle. I’m surprised private party adds for second hand Tesla Y in my area are all well above what Tesla charges for equivalent car. I think individuals and car dealers need to price cars well below what Tesla is charging to be competitive. I find this trend to be unique to Tesla owners who seem to have exceptional emotional attachment to their vehicles for sale. Im sure it’s nice to buy new cars but I’ll never know.
My first new car ever was my 2021 Tesla Model 3. I always bought used until I hit (luckily) a sweet spot where I had money for a down payment, and the rates were around 3% or under. My payment is under $600 which I'm not saying is good or bad, but financially yes, right now the retail price is a lot. The prices for a Model Y as I covered in my latest video are over $700 which I personally couldn't justify paying. My payment even now is my max on what I can justify to myself for a car. I knew from Day 1 I would create a Tesla RU-vid channel which has helped me greatly, I am luckily, in the cost of that monthly payment as well. An inventory Tesla from Tesla's site sounds like a possible good fit for you. Thank you for watching
The income restriction for married is $300k but yes you are correct, lots of people are buying/financing these vehicles even though they don't make an insane amount of money to buy the car outright with no concerns. Sure you can buy a used Tesla for a cheap price but if you're able to keep up with everything Tesla offers, then you could find a deal that makes a NEW Model Y as cheap as a used one. For example during the first 1-2 days of Tesla announcing the 0.99% financing, they had a very late 2023 MYLR Black on Black (NEW) in inventory with a $5k discount combined with the $7.5k federal tax credit and the 0.99% financing over 72 months which was an extremely good deal. For cash buyers, back in March 2024 they had like 3-5 incentives running that gave so many upgrades and discounts off of a new Tesla MY.
People can justify buying new cars in many ways. In the end there is really no way around the fact that the first 1-3 years of a cars life have the greatest depreciation. Unfortunately today we literally have millions of people who borrowed for the car, the fees over many years and are now upside down on their car equity. Rather than being in a position to having slowly payed off the car gradually obtaining ownership they are now massively in debt if they want to get rid of their car. I know this is not Tesla related directly but low interest rates does not make the car less expensive. I have the money to buy what ever I want(decent earning but primarily savings) I like my savings more than I like driving new cars. Most people like new cars more than owning savings. Throughout my life my subordinates at work have usually always had nicer cars than me. They also all had monthly payment. It’s just a different way of thinking. I agree that since 2021 there has been good value in buying new cars because used care appreciated almost speculatively. During 2022-2023 some used cars tripled in price. Today 25% of used cars are selling for more than they were new. This is only in dollars. The US currency has lost its value. This explains why a cars like the Toyota Tacoma from first generation to early 2000’s are selling for more than they were new. The more technology a car has the less likely it is that people will want to own really old teslas. Once we see an entire generation of Tesla’s needing battery replacement the desire to keep buying new will remain stronger. I’m rambling a bit here but I’m curious if anyone has a thought on why people selling teslas are pricing their cars higher than certified pre-owned cars from the dealership? I see a lot of used Teslas on Craigslist that are priced far above what Tesla is selling the same car for.
I believe the New Model Y will increase about 10-15 thousand due to current Model 3 prices. There’s no way it will be priced the same as the model 3. Unless model 3 prices come down a bit. So paying 60-70 thousand, a higher interest rate for a refresh model without tax credits is just not for me. I’m glad I went with the current one at .9%. Maybe in a couple of years I’ll upgrade to a refreshed performance as the price decreases.
Good assessment, but there is no way Model Y prices will rise above $55,000 that would disqualify then for the EV credit and I don't see Tesla doing that IMO
@@FrunkToTrunk the EV credit goes up to $80,000 for suv. The newer model 3 Long Range and RWD doesn’t qualify because of the batteries made in China. Only the performance model does up to $55k. So if they went that route with the Model Y refresh, it wouldn’t matter anyway.
That makes absolutely no sense and goes against what Tesla/Elon has been saying about making the car better while trying to keep it affordable for the average person. They raise/lower prices based on supply and demand. Also, it seems that Tesla doesn't care if their sedan and mid-size SUV are near the same price. The new Model 3 remained the same price as the old one and then they raised MSRP multiple times of the trims that had high demand and/or ramp up issues. If the US tax credits remain in 2025, I am predicting the same thing to happen with the new Model Y (prob multiple $500 and $1k price increases over short period of time as orders flow in cause this also locks in buyers at the lower prices). As they deliver more new Model 3 LRs and sort out all their issues, then they can eventually reduce prices of that. If tax credits go way in 2025, Tesla will definitely eventually drop the MSRP of their vehicles by at least some thousands.
@@liam1902 that’s why I said unless the model 3 comes down a bit. The 3 has always been cheaper than the Y by thousands. Still is until you look at the performance and that is the result of demand. So, I agree with you and your points about pricing. We know the Y refresh will be a highly demanded vehicle. I over exaggerated a bit about the higher increase.
@@knoxl7 Yep. When new 3 lost tax credit, Tesla didn't do anything about the 3 being way more expensive than the Y (due to tax credit). Even then they still had some amount of people order the new 3's at the high MSRP (3P is an exception tho cause that car has high demand due to it being amazing value and qualifying for tax credit). IMO the only way Tesla increases prices for new MY Juniper is due to massive demand after release or its initial release (by a few thousand) when it's available to order (followed by more price increases due to demand). I don't see them somehow raising prices $10k-$15k though. They could've priced 3P at a way higher price and lots of people would've still bought even if it didn't qualify for tax credit or have many color customizations but they were nice enough to allow that.
The time to buy was last month when interest rates were 0.99%. Many people don’t realize how much money that saves over the life of a loan. In this case, the difference over 60 months between 0.99%, and 6.39% is about $6000 of interest. That is the best deal you are likely to ever get on a brand new Tesla.
@@knoxl7 Yes, and there is no better discount than 0.99% financing. Put down the minimum amount and continue investing your money for the next 60 months earning a considerably higher return on your money while paying a mere 1%. One can pay cash, but they then lose the benefits of having that money working for them while the loan is paid off at a mere 1%. The return earned over 60 months will effectively reduce the price of the vehicle by at least an additional $4-6k, resulting in a savings of at least $10-12k between the interest rate and future investments, and possibly much more. Being a cash buyer will certainly eliminate interest, but it will also eliminate a substantial amount of returns via future investments that you will no longer be able to earn. A much simpler approach for sure, but not the best approach from a financial perspective.
My thoughts exactly. I looked for every reason not to buy but it just made too much sense as a gift for my wife. I can’t imagine a better deal coming in this current economic environment.
0.99% was 100% that sweet spot, I can't remember a time where any Tesla other than a lease was that low. That of course like others said if you're financing.
Honestly I am waiting for the refresh. The hubcaps in black is a nice option but the rest of it doesn’t hit with me. Quicksilver is not a color I want to own. Now had they brought out midnight cherry I may have pulled the trigger. That’s the color I really hope they bring out with the refresh.
I placed my order 17th (0.99%APR/72mnt), but after the 19th they changed the offer to 1.99%APR. - so how can we trust them in this case? Tesla App shows that my Offer was CONDITIONALLY Approved (on the 18th), but my uploaded SSN photo is still pending approval (2 weeks!). I was in the Tesla office - nobody helped me to move this process, they suggest to wait and hoping. It's not funny!
Now was the time to buy for me. The price and 0.99% apr was hard to pass up. I’ve wanted one for years and I finally got one. Sure the refresh will be better and improved but it will cost more. For me this is a great buy and car right now
Wells said. We always want the "latest and greatest" but these Model Ys are incredibly high performing, quality and comfortable vehicles. I can't say enough that now is the best time to buy. I've followed prices/features for years, now is the best time.
So my wife is getting a model Y we just can’t seem to make up our mind on lr rwd or the lr awd it’s about 4.5k with sales tax difference what yall think ?
I just took delivery of our MY AWD LR, I wanted originally the RWD SR, then changed my mind to the RWD LR but my sales advisor mistakenly understood that I wanted the AWD LR. I tried for three days to make the correction to RWD LR unsuccessfully. So I didn’t really needed the AWD, but I got to admit, I love the thing, it’s ridiculously fast. Depending on your needs the RWD LR should be enough.
LR AWD EASY! faster, better sound system, and the #1 reason is BETTER TRACTION in those sketchy situations in rain or snow where RWD may fail you on a turn or slippy road.
Have to agree with the comments, I have a RWD Model 3 I wish I did a AWD especially where I live where we get rain and snow. Even in hard rain, I drive slow, it's not bad with good tires, but AWD can't be beat. IMO
Yes I do think $500 is a lot vs. ones on Amazon for $150 that look exactly the same. Like the floor mats in my links - They look the same or better than Tesla's and are way way less
If you look closely, the rims actually black out, too, not just the hubcaps. I don't think tesla would charge $500 only for the hubcaps. I could be wrong 🫣
I've had my Model 3 for almost 5 years. It has been a great car. The thing that bugs us the most is the AC fan. There is only one fan for both driver and passenger. Since there is no way to block off the fan, somebody is getting a fan blowing on them even though they don't want it. Does the current Model Y have separate fans for the driver and passenger?
I think so. My 24 MYP that I picked up Monday won’t have the passenger side fan running if no one is detected seated. I’d assume that you’d be able to switch it off for comforts sake.
