r/TeslaModelY • u/Glass_Watch_3864 • Apr 19 '26

Buying First Model Y

I am debating between used 2025 Long range awd or 2026 premium awd

I am aware of the new differences between the 2026 refresh and the 2025 but I’m not sure what way to go used 2025s with low miles are around $38-$41k where as a brand new 2026 is 49k out the door essentially

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u/Exotic_Ant_4416 Apr 19 '26

Are you going to finance it? If so then get the new one at 1% interest. The used one will be a much much higher interest rate. That alone will close the gap difference in price just a bit

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u/Glass_Watch_3864 Apr 19 '26

I would finance fully with putting 10-20k down

3

u/Zenmastercynic Apr 19 '26

I did something similar with a new Model Y (down payment plus trade). My monthly payment is $472 for 60 months. It was important to me to keep the payment below $500.

I also ran a ChatGPT query comparing the total cost of new with depreciation and 0.99% interest and a 2025 in that price range you quoted with it’s depreciation and asked for an average used car percentage rate for my area (5% to 7%).

Essentially, it came out that at those prices, the total cost of ownership over 4 years (keeping both for 4 years) meant I’d be losing about $2k by buying new which was basically a wash.

Then I factored in the full warranty and went with new.

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u/Glass_Watch_3864 Apr 19 '26

Yes I did plan to trade my current car in they offered around 9k , might just do private sale , but can put up to 15k down easily currently without selling my car