A California-based YouTuber, Dennis CW, recently asked owners of the Tesla Model Y Performance about their monthly car payments, revealing a wide range of financial arrangements. The interviews highlighted variations influenced by down payments, financing rates, and income levels. Owners cited performance features and past incentives as key factors in their purchases.
Dennis CW, a content creator focused on Tesla and electric vehicles, conducted street interviews with three owners of the Tesla Model Y Performance to discuss their monthly payments. The responses underscored the diversity in how individuals finance high-end electric vehicles.
Sam, an IT consultant earning between $200,000 and $300,000 annually, purchased his Model Y outright with cash, resulting in no monthly payments. He praised the car's driving experience and acceleration, attributing his decision partly to the now-discontinued $7,500 federal tax credit. "I pretty much like everything [about Tesla] except that they now don’t make the S and the X," Sam told Dennis.
Dave, a transportation engineer in the EV infrastructure sector with a six-figure salary, upgraded from a Tesla Model 3. He received a $7,500 federal tax credit and a $500 loyalty credit on his $57,000 vehicle. After a $25,000 down payment, he financed the balance at 3.99 percent interest, leading to monthly payments of $715. Dave expressed frustration over the absence of Apple CarPlay in the car.
Jason, working in real estate development with variable income from $50,000 to $500,000, put down about $5,000 and faces monthly payments around $1,000 at an interest rate between 4.4 and 4.8 percent.
All three owners valued the Model Y Performance's speed and handling, often citing it as a reason for switching from gas-powered performance cars. Dennis CW has previously produced videos examining aspects of the Tesla Model Y, such as ride quality and comparisons to earlier models. These interviews provide insight into the financial realities of Tesla ownership amid evolving incentives and market conditions.
