BRUSSELS, BELGIUM – JANUARY 13: Tesla Model Y full electric crossover SUV on dsipaly at Brussels … [+]
Select Tesla Model Y in inventory are getting discounted as the electric car maker gears up for release of the updated Model Y in the U.S.
The Model Y was by far the No.1 best selling U.S. EV in 2024. Combined with the Model 3, the two Teslas took a large chunk — more than 40% — of the U.S. EV market, according to Kelley Blue Book.
Model Y inventory purchase discount.
Heavy discounting on AWD Model Y in inventory
Tesla inventory deals bring the price, in some cases, well below $40,000 for the Long Range All Wheel Drive Model Y with the $7,500 federal tax credit. That’s cheap for an All-Wheel Drive Y. That kind of pricing is usually only found on the lower-priced Rear Wheel Drive Model Ys if purchased from the (non-inventory) build-to-order order page.
Deals are easy to spot on the inventory page. Discounts, or “price adjustments,” bring the AWD Model Y to within striking distance of the RWD Model Y in some cases. Here’s a comparison between the order page and the inventory page (before taxes and fees):
- Inventory: Long-Range All Wheel Drive Y (stealth gray) is $38,570.
- Non-inventory: the Long-Range All Wheel Drive Y (stealth gray) is $40,490.
Leasing deals too
Needless to say, leasing deals are also available on inventory. Monthly payments — with everything else being equal — are lower for inventory that has been discounted. For example, a typical lease for an AWD Model Y is $399/month (before taxes and fees) but deals with monthly payments of $385/month are offered on discounted inventory.
Leasing deals on the inventory page.
This is not Juniper
All of the above deals are on the current iteration of the Model Y, first delivered way back in March of 2020. So, keep that in mind. The Juniper update, announced this month in China and due for deliveries in March, will eventually make it to the U.S. but the timing is unclear at the moment.
The Juniper update mirrors the changes made to the Model 3 a year ago, which includes external design changes and internal modifications, the latter resulting in a quieter and smoother ride. But is the new design worth the wait? It’s not likely that first-time Tesla buyers are lining up for a refresh, said Sam Fiorani, an analyst at AutoForecast Solutions. “Many customers for the update will be returning Tesla owners,” he said. And waiting becomes even more problematic when it’s not clear whether the $7,500 tax credit will still be around later this year in the second Trump administration.
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