New Tesla Model Y 2025: Financing Options to Avoid
This page is translated from the original post "Nouvelle Tesla Model Y 2025 : des solutions de financement à fuir" in French.
- 24/01/2025 19:54
The new Tesla Model Y Long Range All-Wheel Drive Launch Series is skyrocketing in price and, by extension, its leasing costs. Danger.
Tesla is convinced that everyone will be fighting to own its new Model Y 2025. So, this is an opportunity to market, as in China, a launch version called Launch Series priced at 60,990 euros. Quite a rise compared to the current Long Range All-Wheel Drive option (black paint, 20-inch wheels) sold for 51,390 euros in January 2025. That’s a 9,600 euro increase… or +18.6%.
Hence, Tesla kindly points out that 10,165 euros are absorbed by VAT, thus the French state. For comparison, in China, the same Model Y Launch Series Long Range All-Wheel Drive is listed at 303,500 yuan, or 39,880 euros, which is 21,110 euros less than in Europe. Did someone say “ridiculous price jump”?
Absurd Interest Rates?
Since paying 60,990 euros upfront isn’t feasible for everyone, let’s examine financing options.
: With an initial deposit of 1,000 euros and a 36-month term (30,000 km), monthly payments are set at 1,006 euros! And at the end of this period, if you choose to exercise the purchase option set at 35,374 euros, this Model Y Long Range All-Wheel Drive will have cost you 71,575 euros. Wow!
The same story over 60 months with a consistent initial deposit of 1,000 euros: the remaining 59 installments drop to 838 euros, but in the end, the Tesla will cost you 77,275 euros. Forget it.
Long-Term Rental (LLD): Here, you cannot buy the car at the end of the loan. No large initial rent, assistance, breakdown coverage, 24/7 towing, maintenance, and a replacement vehicle are included. Over 36 months, the rent is also 1,012 euros, versus 795 euros over 60 months. In this case, it’s more advantageous than LOA. But still…
Credit: This is getting completely insane with a fixed APR of 7.35%! Over 36 months and with a 1,000 euro deposit, the monthly payments skyrocket to 1,862 euros! The total cost of the credit amounts to 7,039 euros, making the final price 67,029 euros.
Over 60 months, monthly payments drop to 1,198 euros, but the total credit cost explodes to 11,879 euros (final price of 71,869 euros).
This might be why, and because French customers are thought to be less wealthy, Tesla France has now launched a 96-month (or 8-year) loan! A duration not found elsewhere. After the initial 1,000 euro deposit, and 95 subsequent payments of 828 euros, your Tesla Model Y Long Range All-Wheel Drive Launch Series will have cost you 79,524 euros (including 19,534 euros in credit).
One wonders if Tesla truly wants to sell its cars…
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