The Tesla Model Y is fully electric and was Australia’s third best-selling vehicle in the first nine months of 2026. Tesla reports deliveries through the Electric Vehicle Council rather than VFACTS. New Model Y prices run from $58,900 to $89,400, and NIK Finance compares car loans across 130+ lenders to find the right one for you.
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| Tesla Model Y | |
|---|---|
| New price (2026 range) | $58,900 to $89,400 |
| Body types | SUV |
| 2025 new sales | 22,239 (10th in Australia) |
| 2026 sales (January to September 2026) | 35,930 (3rd) |
Prices are list prices from Carsguide, based on Glass’s pricing data. Drive-away prices are higher once on-road costs such as registration and stamp duty are added.
The amount you borrow sets your repayments, and on a Model Y it depends mostly on the variant and your deposit. These are the loan amounts before on-road costs, which some lenders let you include in the loan.
| Price point | No deposit | 10% deposit | 20% deposit |
|---|---|---|---|
| Entry price ($58,900) | $59,000 | $53,000 | $47,000 |
| Middle of the range ($74,000) | $74,000 | $66,500 | $59,000 |
| Top of the range ($89,400) | $89,500 | $80,500 | $71,500 |
With a new Model Y listed from $58,900 to $89,400, how you pay for it matters. Battery electric cars provided to an employee, including through a novated lease, can be exempt from fringe benefits tax if luxury car tax has never been payable on the car. That can make a novated lease through your employer cheaper than a car loan for an electric car like the Model Y, because repayments come from your pre-tax salary. If you are self-employed or your employer does not offer novated leasing, a car loan is the usual route, and some lenders offer discounted rates on electric vehicles.
Read about electric car loans and novated leases.
Lenders finance used cars but limit how old a vehicle can be when the loan ends, so the model year affects the term you can get. Here is what earlier Model Ys sell for, and how old each would be at the end of a 5- or 7-year loan.
| Model year | Used price range | Age at end of a 5-year loan | Age at end of a 7-year loan |
|---|---|---|---|
| 2023 | $36,300 to $60,940 | 8 years | 10 years |
Used prices are Glass’s pricing data via Carsguide and vary with kilometres, condition and variant. Read more about used car loans.
Set to the entry price of a new Model Y. Adjust the price, deposit, term, rate and balloon to see the repayments for the Model Y you want. Your actual rate depends on your credit profile and the lender.
$944.19 a month at 7.5% p.a.
Car loan rates range from under 6% to over 20% depending on your credit profile, and dealer finance is rarely the sharpest. Your Kreddi Score shows your approval odds and likely rate before you apply, so a decline never lands on your credit file.
Estimates use average lender assumptions and are not an offer of credit. Your actual position depends on which of our 130+ lenders assesses you.
A new Tesla Model Y is listed from $58,900 to $89,400 for the 2026 range. With a 10% deposit you would borrow about $53,000 for the entry variant or $80,500 for the top variant, before on-road costs. The repayment calculator on this page shows what that costs each month at the rate you enter.
Yes. A 2023 Tesla Model Y sells for about $36,300 to $60,940 used. Lenders also consider how old the car will be when the loan ends: a 2023 model would be 10 years old at the end of a 7-year loan, so an older Model Y may mean a shorter term.
Yes. Because Tesla sells direct, you arrange finance yourself and the lender pays Tesla at delivery. Having pre-approval in place before you order avoids delays when the car arrives.
A novated lease ends with a residual payment, set in line with ATO guidelines. You can pay it out and keep the car, refinance the residual, or trade in and start a new lease.
Answer a few quick questions to see how lenders will view you for a Model Y, then get a broker’s call back with real rates. No credit check.
Sources
Last reviewed 18 October 2026
NIK Finance Pty Ltd (ACN 685 393 917) is a Credit Representative (567387) of Finsure Finance & Insurance Pty Ltd (Australian Credit Licence 384704). This page is general information only and does not constitute financial advice. Consider your personal circumstances and speak with a licensed broker before applying for credit.