Can you (comfortably) afford a Tesla Model Y 2024 SUV
Deciding which vehicle to purchase is among the biggest financial decisions that many people make. A Tesla Model Y can be an excellent choice for those who can afford it. Taking into account the long term costs of a loan agreement can make it difficult to know how much income is required to comfortably afford a Model Y. Our calculator makes it easy to see the total costs of ownership.
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Starting Price Configuration
You'd need a 4-year income of at least…
$97,853.53/yr or $8,154.46/mo
to comfortably afford a Tesla Model Y given a 20% down payment, financing $34,392.00 at a 6.49% rate.
Your costs after 4 years:
| Financing | $39,141.41 |
| Down payment | $8,598.00 |
| Total costs | $47,739.41 |
| Yearly | $9,785.35 |
| Monthly | $815.45 |
| One-time | $8,598.00 |
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Vehicle Price
The current full price of this vehicle without incentives.
Down payment
$8,598.00
Length of finance
48 months
Interest Rate
The finance rate for the loan.