Tesla Deals Update, October 23, 2026: 2.49% APR, Model 3 From $439, and Free FSD

Update (Oct 23, 2026): For orders placed on or after October 22, 2026, Model Y APR is 2.49% (was 1.99%) on RWD, AWD, Premium RWD, and Premium AWD, at 72 months with 5% down. Model Y Performance stays at 3.99%. That is the fourth base Model Y APR increase since August 1: 0%, then 0.99% on August 1, 1.49% on September 3, 1.99% on September 28, and 2.49% on October 22. Model 3 leases are from $439/month (was $419) for applications submitted after October 22, 2026 ($3,000 down, 36 months, 10,000 miles a year), so the earlier October 31 end date on that lease is superseded. Model Y lease from $499/month, Cybertruck lease at $1,129/month ($5,000 down, no promo APR), and Model 3 Premium 2.49% APR and Model 3 Performance 1.99% APR are unchanged. On the October 21 Q3 call, the CFO said Tesla adjusted the vehicle financing programs to partially offset rising costs; the rate change followed the next day. Some offers are listed as ongoing on third-party trackers. Remaining offers could change. Check tesla.com before you order. Three months of FSD (Supervised) via a referral link still applies.

Key Takeaways:

• Model Y is 2.49% APR on RWD, AWD, Premium RWD, and Premium AWD for orders placed on or after October 22, 2026 (72 months, 5% down). Performance stays at 3.99%.
• Model 3 lease is from $439/month for applications submitted after October 22, 2026 ($3,000 down, 36 months, 10,000 miles a year). The earlier October 31 end date on that lease is superseded. Model Y lease remains from $499/month. Cybertruck lease remains $1,129/month ($5,000 down), with no promo APR.
• Model 3 Premium stays at 2.49% APR and Model 3 Performance at 1.99% APR. Rates are Tesla's advertised US rates for qualified buyers and can change.
• A referral link still adds 3 months of FSD (Supervised) — about $297 at $99/month — on a new Model 3, Model Y, or Cybertruck Premium AWD and Cyberbeast. It is not a cash discount, and it stacks with leases and financing. Dual Motor AWD is loyalty-only for existing owners. Model S and Model X do not qualify.
• Some offers are listed as ongoing on third-party trackers. Remaining offers could change. Check tesla.com before you order. The federal $7,500 EV tax credit ended September 30, 2025.

Tesla changed US financing on October 22, 2026. Model Y APR is 2.49% on RWD, AWD, Premium RWD, and Premium AWD for orders placed on or after that date, and Model 3 leases start at $439 a month for applications submitted after that date. Here is the stack as of October 23.

Deals as of October 23

The Model Y 2.49% rate applies to orders placed on or after October 22, 2026, for 72 months with 5% down, on RWD, AWD, Premium RWD, and Premium AWD. Model Y Performance is 3.99%. Model 3 Premium is 2.49% APR and Model 3 Performance is 1.99% APR. The Model 3 lease is a starting figure for applications submitted after October 22, 2026, with $3,000 down, 36 months, and 10,000 miles a year. Some offers are listed as ongoing on third-party trackers, and the earlier October 31 end date is superseded for the Model 3 lease. Confirm the payment Tesla shows for your ZIP code on tesla.com. A lease and an APR are different contracts, so price the one you intend to sign.

Offer	Detail	Applies to
Model Y financing	2.49% APR on RWD, AWD, Premium RWD, and Premium AWD (72 months, 5% down). Performance 3.99%.	Orders placed on or after October 22, 2026. Can change.
Model 3 Premium financing	2.49% APR	Unchanged advertised rate; can change.
Model 3 Performance financing	1.99% APR	Unchanged advertised rate; can change.
Model 3 lease	From $439/mo ($3,000 down, 36 months, 10,000 miles/year)	Applications submitted after October 22, 2026. The October 31 end date on this lease is superseded.
Model Y lease	From $499/mo	Unchanged. Some offers are listed as ongoing on third-party trackers.
Cybertruck lease	$1,129/mo ($5,000 down). No promo APR.	Unchanged.

Model 3 now starts at $439 a month. Model Y lease still starts at $499 a month. Cybertruck lease is $1,129 a month with $5,000 down.

Base Model Y APR has risen four times since August 1: 0%, then 0.99% on August 1, 1.49% on September 3, 1.99% on September 28, and 2.49% on October 22. On the October 21 Q3 call, the CFO said Tesla adjusted the vehicle financing programs to partially offset rising costs. The rate change followed the next day. Remaining offers could change. Check tesla.com before you order.

How a Referral Link Stacks

Ordering through a referral link still adds three months of Full Self-Driving (Supervised). The subscription is $99 a month, so three months are about $297 of value. The benefit does not reduce the vehicle price, and Tesla applies it only through the link. It stacks with the lease offers and the financing offers in the table.

Qualifying orders are a new Model 3, a new Model Y, and Cybertruck Premium AWD and Cyberbeast. Cybertruck Dual Motor AWD qualifies only for existing owners (loyalty). Model S and Model X do not qualify.

1. Open the referral link this site uses on US posts, before you configure the car.
2. Choose a qualifying model and trim.
3. Select the lease or the advertised APR and read the payment for your region.
4. Place the order through that link so the three months of FSD attach.

The $7,500 Credit Is Already Over

The federal $7,500 EV tax credit ended September 30, 2025. It does not apply to an order placed now. Tesla reported Q3 2026 on October 21. On that call the CFO said Tesla adjusted the vehicle financing programs to partially offset rising costs, and the Model Y rate changed the next day. Some offers are listed as ongoing on third-party trackers. Remaining offers could change. Check tesla.com before you order.

Price the Quote, Then Order

If you want Model 3 from $439 a month, Model Y from $499 a month, Cybertruck at $1,129 a month, or Model Y at 2.49% APR, read the quote Tesla shows for your ZIP code. Get a free referral code and submit the order through the referral link. Three months of FSD (Supervised) through that link still applies. The button below uses the same link.

Frequently Asked Questions

When do these offers end? The earlier October 31 end date is superseded for the Model 3 lease. Model 3 is from $439/month for applications submitted after October 22, 2026 ($3,000 down, 36 months, 10,000 miles a year). Model Y lease remains from $499/month. Cybertruck lease remains $1,129/month with $5,000 down. Some offers are listed as ongoing on third-party trackers. Check tesla.com before you order.

Does 2.49% APR end on October 31? Tesla has not set an October 31 end date for the rates. Model Y is 2.49% APR on RWD, AWD, Premium RWD, and Premium AWD for orders placed on or after October 22, 2026 (72 months, 5% down). Model Y Performance is 3.99%. Model 3 Premium is 2.49% and Model 3 Performance is 1.99%. There is no Cybertruck promo APR. Rates are Tesla's advertised US rates for qualified buyers and can change.

Is the referral a cash discount, and what qualifies? It is three months of FSD (Supervised), about $297, and only when you order through the referral link. That three-month benefit still applies. New Model 3, Model Y, and Cybertruck Premium AWD and Cyberbeast qualify. Dual Motor AWD is for existing owners (loyalty) only. Model S and Model X do not qualify. It stacks with leases and financing.

Does the $7,500 federal credit still apply? It ended September 30, 2025, and it does not apply to a new order.

The Bottom Line

Model Y is 2.49% APR for orders placed on or after October 22, 2026, on RWD, AWD, Premium RWD, and Premium AWD (72 months, 5% down). Performance stays at 3.99%. Model 3 leases are from $439/month for applications submitted after October 22, and the earlier October 31 end date on that lease is superseded. Model Y lease remains from $499/month, and Cybertruck lease remains $1,129/month with $5,000 down. A referral link still adds about $297 of FSD on a qualifying order. Remaining offers could change. Confirm the quote on tesla.com and order through the referral link.

Last updated: 2026-10-23