Tesla Model Y Full Price Break Down, Monthly Payment & Insurance Cost | 2024 Model Y Long Range
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- Опубликовано: 27 май 2024
- This is my new 2024 Tesla Model Y Long Range that i just picked up. Stealth Grey paint, black interior 5 seats. This car has full self driving capability and free supercharging for the life of the car! In this video I do a full price break down with monthly financing payment and insurance cost. Thanks for watching!
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Are you kidding? Anybody that would buy any EV needs to have their head examined. You’re pitching a car that loses 85% of its value in the first 24 months. For myself, I do mechanical, electrical and electronics. Tesla stocks no parts for its cars. That’s electronics, electrical distribution, or mechanical parts. The only thing you can count on are tires. With a compact car that weighs 4,500 lbs is ridiculous. Be sure and tell them what happens if you have even a minor fender bender. Once again no parts inventory. This is why insurance is going up. For an ice car the car or truck could be fixed in three days to a week. With a minimum of expense. A ev will take up to 3 months. Ev’s won’t be ready for at least another 10 years. Plus the battery is not ready and will not be Until it can’t burn your house down.
Honestly i wish more people were this transparent. Thank you for honesty. Imma probably do the same. When time comes
Thanks for your positive comments!!
@@Myksgaragehey you the guy that did the video with the dirty bikes
One of the best HONEST videos thanks bud
Thank you!!
Thank you for sharing this
Yes!
Very helpfull, thank you
Thanks
Thank you for being transparent ..
👍
Such an informative video, thank you.
I'm glad this helped! Thanks for watching
Thank you for the honest breakdown and transparency! Subbed.
I appreciate that, thank you!!
I always set aside $400 a month as maintenance/repair/new car fund. In 10 years, there is always cash in that fund. Usually our cars last 15 years+ as we always buy Toyota and Lexus.
Just got 2024 Model Y performance.. car price: $51420, tax credit: $7500, car trading:$10200, 60 months loan at 0.99%.. monthly bill $628. Financed loan $36400.. hell of a deal in my opinion for the Performance model. Good luck hunting
Yeah that's awesome 🤩
Thanks so much for this day breakdown
I'm glad this was helpful!
Awesome video! Love Tesla! Mahalo for the video my friend.
Thanks for your support!! 👍
Thank you this was such a great breakdown and an amazing video so thank you again for sharing this information with us!
I’m glad this was helpful! Thanks for watching
This is an awesome video! I pick up my model y tomorrow
Awesome! They are a great deal right now!
Thank you for the explanation
Yes! Thank you for watching
Best review ever ,thank you sir !
I appreciate that! Thank you!
Very helpfull, thank you!!
Yes!
Thanks for sharing.
👍
Excellent breakdown
Thanks for watching!!
Thanks for the vid! I'm considering the Model Y. I'll probably finance through my CU. They've consistently given me the best rates. Thanks again!
Thank you! I'm glad this was helpful!
Nice vid!!
I appreciate it, thanks!
Great stuff!
Are you able to share what insurance company you use?
I use a company called National Farmers Union
Thank you!
Is it a 2680 from LG?
I'm not sure, it does qualify for the US federal tax credit
Picked up a MY LR 2 months ago in Cali. 7350 inventory discount and 7500 fed rebate, 39,750 out the door. That includes the order fee amount.
Yeah a few months ago the incentives were better, you got a great deal!!
Great info, who is your insurance provider?
Farmers Union
Hey Myk I'm not brown nosing but you know the coolest swaggiest dude on RUclips with the Tesla videos right? I thought I just let you know that. Keep up the good brother we appreciate your videos.
I appreciate your kind words!! Thanks for the support!!
thanks for the info...... who is your insurance carrier?
I’m in Utah, the company’s name is Farmers Union
My model y, my payment 0, insurance $120/ mo. Cost in 2021 $53990, charger at home $300 ($250 for 14/50 plug to be installed and $50 for adapter). Registration is same as any other car plus $120 ev fee in my state. Don’t be a slave to debt, if you can’t pay for it you don’t need it.
👍
The inventory stock in Aus, which has the ‘incentives’, is all rocking HW3 rather than HW4; they’re trying to offload the older hardware. I’m spending a couple thousand more for the new HW4. I think it’s worth it.
Yeah it would be worth it
Perfect
👍
I was thinking about the Tesla Y, but I think I’ll stay with my Leaf. Much cheaper, and in my opinion, more reliable. After all, three years driving with 0% batttery degradation. Registration, $45 for three years. Yes, you heard right. Charge from home with hardly a nick to my electric bill charging in off peak hours. Can’t beat that.
Yeah that's a good deal!
This is awesome, I pick up my new Corvette Z06 Friday.
That's awesome!
Nice!!
Great info, really want to buy the YLR new but I’m struggling with but or road noise and stiffer suspension. Love how the new M3 feels but need more space
Do you have a Y now?
@@MyksgarageNo, I tested many and even have one for overnight test
I was debating between new / old y too. I think if you want the fsd the go with a used that comes with it. I got a new one without fsd but I tried it today and its stunning good. If I knew I would have get the used one with fsd.
They should be honest about the $7500 tax credit. They don’t mention there’s a salary income cap. I made too much to qualify.
Yeah, that info is hidden in the fine print
What battery does MYLR use
Not LFP, most likely 2180 cells from LG or Panasonic
how do you see the new 0.99% Interest for model Y purchase? - where you able to got a deal that?
I wish I could have gotten that deal!
Tesla Auto Insurance and “your safety score”….Does Tesla monitor your driving “style” in real time for speed, braking and G-force level turns?
Yes
They are just giving away these cars now for 0.99% APR til May 31st 2024. Getting my first EV because of this great offer.
That is a great offer
I’m watching this video because of this same promotional rate lol
Great video! I love the transparency. Wondering if you can help me on the tax incentive. Looking into leasing the model y and have been using the Tesla calculator to figure out monthly payment cost. I could estimate a payment by putting down no down payment but the calculator doesn’t have the incentive in it. So when I go through and order and then get approved for the incentive I could use that as essentially a down payment correct? My monthly payment would then go down. Just trying to find out what the process is after ordering and seeing what the monthly payment is. Thanks!
From what I can tell on the Calculator is they take the $7500 tax credit and amortize it over the lease term affectively lowering your payment so it can't be used as your down payment
@@Myksgarage yeah that’s what I was thinking also but it’s confusing since the new model 3 also has that stated on it when using the calculator. It’s probably just a general calculator but still confusing from a user standpoint. Thanks!
1% interest rate right now
Yeah but the cars have a higher price so my payment would still be the same
@@Myksgarage you might want to look again I just got one 43k out the door with an extra 3k in upgrades
Thanks for the info and the steps. I wasn't aware you are able to put down less than the 10% Tesla expects you to. Are you only able to do that when you qualify?
You just adjust the Amount you want to put down and then submit the credit application. With having the tax credit applied to the price of the car it's like you're getting $7500 already down on the car.
Picked up mine a couple months ago and it was the '23 MYLR. Did you check first to see if it was the '24?
Yes, I asked them if it was a 2024 model
How did you get free supercharging?
I transferred if from a 2013 Model S that had it
I got the same one for 44k! after trade in and a few bucks I pay 400 month with 7% interest
What did you trade in?
@@Myksgarage 2014 mini cooper, got 11k
which insurance are you using?
It's a company called farmers Union
Is it still a great deal if I don't qualify for the federal tax credit? The 0.99% APR 72 months is what I was going for. Thank you for the great videos.
Yeah it's still good deal. I would lease it, everyone gets the $7500 applied to the lease payment so that could be a better deal
@@Myksgarage I didn't even check the lease deal. Thank you
How much was Tesla insurance?
Like $110/month and that's will low balling the miles
Can you refinance with Tesla for their 0.99%?
I haven't check, but I'm pretty sure it's a No.
Tesla fan like me did u order the cyber truck ??
I have a reservation for one
Why is the insurance so low
Lots of factors go into insurance premiums
Good video and I’m not a hater at all,I have model Y and my wife got X but honestly I know not everyone can pay cash or put the big down payment but personally I cannot imagine myself to pay monthly $600 for a car,im making very good money but still 80% of down payments or cash,I remember 10 years ago when I was 21 my monthly payment for the car was $167 and at that point I was like oh my God I have to pay $200 for the car, for anyone who is thinking to make money and save a lot of money for the future never pay those money as a monthly payment if you can’t afford it
Thanks for sharing your thoughts
What insurance company do you have?
I'm in Utah, and it's this company
fumic.com/ut/
5:18 That part on the MVPA was helpful. I didn't know that other lenders would submit you financing offers with competitive interest rates. I noticed a lot of major banks say online that they are already working with major car dealers but they don't tell you how.
Glad this helped!
How did u get free supercharging???
I have a 2013 Tesla model S that had it and Tesla is allowing transfers of the free supercharging from older cars to a new one this quarter.
Why did you choose the LR instead of the standard ?
This video explains why
ruclips.net/video/6J61Eyp8aKQ/видео.html
That's cheap bro my Tesla registration in SF Bay area was 850 and tax is 10.75 percent..lol
Yeah that is expensive
Just got my performance with that same monthly on the 0.9% APR 😭
The performance model Y?
How long did it take you to get financed? I’ve been waiting 3 days now. Same color and everything.
It only took like 30 minutes total
@@Myksgarage thanks. This is the 3 rd day for me and I’m scheduled to pick up tomorrow. Do you know ow why it’s taking that long?
Do you have to pay for the tax upfront or can you add them on the loan ?
If you qualify for the tax credit you could put $0 down on the car
I know that you said that you had a Model S previously. What were your impressions of that car? I love the stance and appearance and am debating between a used Model Y and a more-used Model S. Thoughts?
I have 2 model S, a 2013 and 2015. Model y is a better car as far as tech, range and usability. The model s is just a better looking car
Your insurance is so cheap, in NY is costing me around $500 (bare minimum) - $1,100
Dang!!
not saving much with a 84 month term at 7.49 interest rate.
Its fine if you pay it off early
Yeah that rate is high, I plan on paying it off early or refinancing when rates drop
Just write a check for the full amount. Simple.
Model y is now .99% at 72 months
Insurance 85.00 a Month? u be Dreaming as reported here? Seriously doubt that number?
I'll show you my declarations page if you want?
His number might be right but Insurance really depends on your State and your personal situation. I moved from IL to Texas and my Insurance almost doubled.
where is Tesla price adjustment?
Seems like it's temporarily gone
@@Myksgarage Thanks for the update. I would like use your link to buy Model Y, do you know when the price adjustment will come back again?
@@michaelma6842 Referral program ended at end of April so you prob won't get anything using his referral link. Elon said Tesla is gonna introduce a global referral program in a few months. Also yes they removed all inventory discounts (except demo or 2023 vehicles if you see them) so only incentive right now is the 0.99% financing. They may do price cuts and/or inventory discounts again in the upcoming months but not sure what will happen with the 0.99% financing unless you're buying cash.
84 months bro?
Yes
Dang bro should have waited
No, I shouldn't have, because I was able to transfer full self driving and free supercharging to this new car, they're no longer doing that promotion.
@@Myksgarage Oo makes! Well congrats on the new car and thanks for uploading
IMO you shouldn't always follow the "im gonna wait cause there's gonna be a better deal later" because Tesla plays around with so many things like price cuts, financing, incentives, etc to get customers to buy. This 0.99% financing deal is amazing and ends May 31 but Tesla could easily bring it back in combination with inventory discounts in later months (like in Q3). But if they don't, then you will feel regretful for not buying when the 0.99% financing deal was there. As Myksgarage mentioned, they offerred FSD and free supercharging transfer to his new MY so it was a good deal and we have no idea if Tesla may bring this back later on or not.
Thanks for the info but is this normal? There are exceptions but I would think that if I cant pay the car in full that would mean that I cant afford it even if it is only 3% interest.
There is no normal, everyone buys cars differently, the way I did it may not be "normal" but it's how i wanted to buy it.
They are offering .99% financing on the Y now
👍
700 a month in this economy is just nuts. If you can do it awesome.
Yeah
I order my long range Y. Financed what’s the price please
Did you watch the whole video? I break down my full price
@@Myksgarage yes, that’s bit expensive. Do you got or found any recent options
I traded my 2017 Model S with FSD/Free Supercharging in for a Model YLR in December mainly because of the $7500 incentive and they were allowing transfer of the free supercharging. A couple months later they were doing FSD transfers even after they said it was a one time thing back in September! 🤦♂ At least I didn't pay full price for FSD when I got it. Also, I think FSD is terrible, or at least it was in my Model S with AP3 hardware. Phantom braking all the time on wide open empty roads. So I don't think I will miss it. I didn't get a lot from Tesla for trade-in either, but it was more convenient. I just paid the MYLR off last week, so saved a lot on interest. Happy to have no car payment, free supercharging, and I have Tesla solar w/powerwall so my electric bill is a steady $35/month. I just ignore how much that solar/powerwall cost. 😁 At least that's paid off, too.
Too bad you didn’t wait until January, the FSD would have transfered as well! Thanks for sharing!
An average person should not think a $700 per month car note is reasonable. I understand he likely makes enough money but most Americans should not be spending that much on a depreciating asset. Buy a used one for 10k less if you want one but don't have a high income.
👍
Why the sestination fee for Puerto Rico is more than 2K ....?
Probabaly costs more to ship all the way there when the cars are made in either California or Texas
Yes, but also you said that the Destination fee was the same even if you pick it up from the factory…
Buying the y model soon, maybe this month. No financing, seems like the time to do it.
Yeah there are some great deals now
What is this price adjustment. I don’t see it anymore. Also referral bonus 1000$ not there anymore.
I see now it’s 47790$ and that’s it
Yeah they have removed the price adjustments for now, things change weekly so keep checking
Damn really bad timing, now Tesla is offering 0.99 APR for Model Y till May 31st.
What's the term ?
72 months but it is adjustable.
The real cost is insurance, then the suprise cost after a accident if you can find a repair shop willing to work on a tesla.
I've got like 3-4 authorized Tesla repair shops near me
The current model Y price with all incentives is insane and shows that smartest man in the world completely missed the boat on demand. The Y is now less expensive out the door than most Rav4s and Outbacks. Tesla has massive factories that can supply millions of cars annually but demand has fallen off a cliff and the tax incentives may go away quickly. It is really bad for a business to run its factories at partial capacity. Government mandates and picking winners rarely works and we are seeing a backlash. But Musk himself has done the most damage by alienating his core left leaning customers with his politics. Tesla should really start major advertising because on the merits, most people should buy the Y in the 45k segment. With the cheap Chinese government subsidized cars flooding the world, it’s going to be a challenging year.
Very interesting
over $60k in the end for a $45k car 😳
Yeah that's the cost for interest
That deductible though
$1,000?
Mach e has 0% financing I think
Yeah but it's the "Mach E"
Thanks for the breakdown of ownership costs. Still too expensive. To own..that insurance rate is.low..more like 200 a month with most companies and good driving record.. most people will not be able to afford a Tesla until they get price under 30k
Well when you factor in the gas savings it becomes more affordable
Interest sucks…
Yes!
Wow 7 years at 618 usd monthly. Your bank is getting a steal. You cant afford that car
If I can pay the payment, then I can afford it
@@Myksgarage sure you can! Enjoy
@@Myksgarageif you lose your job in 5 years due to circumstances we can’t even fathom right now and you’re still on the hook for $700+/month…
i would've have bought a bolt. however god speed
Okay thanks
6.39 thought a credit union , MG You should get into a Credit Union..🗽
For how long of a term?
Car payment? Nah, I just wrote a $52k on my wife’s new car. Not gonna pay no bank no interest.
That's cool!
My 2023 was 52,000
Did you qualify for the tax credit?
Are they kidding. The past 2 1/2 years billionaires thought them charge Corvette prices for a piece of crap Tesla ? One they battery sucks and is still dangerous. A gasoline car of this seating capacity comes with a fine interior, beautiful body and price of 22,000 to 28,000.
The rub: the battery has not been perfected yet. Repair cost can run from 8,500 to 21,000 dollars. The environmental free aspect is a joke. Next the electronics are a nightmare. 1 they do not have built in diagnostics to help the mechanic diagnose the problem. When your car breaks down. The plethora of possibilities is exponential. They run from a burned out cell in the battery, the drive motor, the electronic heat and control system, electrical distribution system m, to the electronics.
So shop time wait time 4 to 8 weeks. This also means no loaner car. Then the damage the bill. If your luck enough to be under warranty then you avoid this major cost.
Last depreciation on electrical EV’s is worst than bmw. Who in their right mind buys anything that cost 50,000 to 120,000 to have it drop in worth to 10 to 15 thousand in 36 to 42 months.
Elon musk will laugh all the way to the bank.
The electronics are weak, the electrical distribution system is just waiting to burn up. Today’s current batteries are a crap shoot. The Tesla is a minimalist dream. Gaps on the outside, gaps on the inside. And you get a plastic cracker box.
What a rant!
@@Myksgarage
Yes the truth is a bitch.
84 months. Geez. If calculated with the current monthly payment and insurance, after 7 years (84 months), the total cost is nearly 60K. Guaranteed, after 7 years that model Y, is nowhere close to even 20K on resell.
Insurance is something you have to pay whether you have a loan on the car or not
Man, and I have been contemplating over a $490 a month payment on a 72 month on a 2024..I just figured many people pay cash for these cars. Something tells me to buy in the next few months, but another part of me says wait until after the election
It's possible the tax credits go away if Trump gets in office. It's hard to think these Ys will get any cheaper. Thanks for watching, good luck with car shopping!
@@Myksgaragegood point
I did. Wrote a $52k on my wife new car recently. Not gonna give bank any interest that’s for sure.
Let's Go Brandon.
That's a really good insurance rate. Progressive quoted me $271/month on a 2020 Model Y Performance with full glass, 100k/300k comp/collision with Rideshare coverage. Single male late 30s.
Yeah that does seem high, but it also depends on the area
Are you kidding me$700 a month for 84 months why don't you let people know how long 84 months is. That is 7 years who is dumb enough to pay for a car for 7 years you got to be kidding me. Total cost of car $59,000 with interest go buy a used Tesla or go buy a used car.
$618/month for 84 months is the principle and interest payment. The $85/month for insurance is the same regardless of whether you pay cash or finance or lease
Sometimes I feel like I died and every morning waking up in a different country- everyone is able to afford $700 a month and I just can’t. Probably somethings wrong with me
That's okay, just buy what you can comfortably afford
84 months. 7 years.
Did you even blink?
I guess not
@@Myksgarage Well, good luck to you son. Your video made my day.
$703/month for 84months…”this is an affordable car”….it’s really not
Well for me it is...
Never ever will buy an EV. Not interested.
Okay
Get to the point
I did
Very good breakdown. Got the exact same car and same specs for $44,500 in January. Wish I had the free supercharging and FSD.
That's a great deal! The FSD and free supercharging is nice!!