2022-2023 used (early NZ delivery)
$66,000First Model Ys delivered to NZ. Long Range and Performance variants. Typical km still low.
Weekly
$301.59
Monthly
$1,306.88
Tesla model
Tesla Model Y finance calculator
The family-sized Tesla, growing quickly in NZ volume since local launch.
Last reviewed: 23 April 2026
Your estimated repayment
Weekly
$329/week
$658 /fortnight $1,426 /month
$72,000
$0
7.00% p.a.
5 years
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We are not a finance company. Indicative only. Not a quote or offer of credit. Actual rates, fees, and repayments depend on your circumstances and the lender's decision.
Tesla Model Y finance calculator Not a lender. Not a broker. Financing a Tesla Model Y in New Zealand
The Model Y launched into New Zealand more recently than the Model 3 and has climbed fast up the EV-sales charts. It targets the family SUV bracket that a RAV4 or CX-5 buyer would otherwise shop, so the finance conversation compares against petrol and hybrid SUVs rather than against other EVs directly. Used supply in the $60,000 to $90,000 band is still thin, which keeps lender residual-value assumptions relatively tight in 2026.
Calculate repaymentsIndicative only. Not a quote or offer of credit.
Year by year
Model Y prices and repayments, by era.
Typical NZ market prices and the weekly cost of financing each. All figures assume 7% over 5 years with no deposit. Indicative only; open the full calculator to pre-set your own rate and term.
2024 used
$76,000Broader supply after NZ allocation increased. Facelift hardware updates roll in late in the year.
Weekly
$347.28
Monthly
$1,504.89
2025+ new/nearly-new
$88,000Current configurator pricing through Tesla NZ. Rear-wheel drive, Long Range, and Performance on offer.
Weekly
$402.12
Monthly
$1,742.51
Who this suits
Who buys a Tesla Model Y?
- Suburban families replacing a petrol or hybrid mid-size SUV (RAV4, CX-5, Outlander) with something cheaper to fuel.
- Home-charging households with a garage or driveway wall-box, driving 12,000 to 25,000 km a year mostly in urban and motorway conditions.
- Buyers cross-shopping the Model Y against a BMW X3 or Audi Q5 on monthly-cost grounds rather than pure badge preference.
Financing notes
What financing a Model Y usually looks like.
At $72,000 across a five-year term at an indicative 7.0% EV tier rate, the weekly lands around $331, or $1,440 a month. Insurance on a Model Y runs noticeably higher than on a Model 3 of equivalent age because panel-replacement costs and sensor recalibration push claim severity up. An extra $400 to $800 a year of insurance into the weekly-equivalent cost when comparing it directly to a Model 3.
Model-specific questions
Tesla Model Y finance FAQ.
Is a Model Y more expensive to own than a petrol mid-size SUV like a RAV4?
It depends on km driven and electricity plan. On 15,000 km a year with home off-peak charging, the Model Y typically lands $1,200 to $2,000 a year cheaper in total running costs than a petrol RAV4 of similar value, even after Road User Charges. At lower annual km or with heavy Supercharger use, the gap narrows and can reverse, especially on insurance.
Does the Model Y qualify for the same EV loan tier as the Model 3?
At most NZ lenders, yes. The EV loan tier applies across Tesla Model 3 and Model Y equivalently on new and recent used examples. A handful of lenders apply mileage or age caps that can exclude earlier 2022 Model Ys from the tier once they cross a threshold, which is worth confirming when the broker runs the comparison.
Is a Model Y easier to finance than a Model 3?
Marginally, because an SUV body reaches a wider group of buyers on resale, and that is what a lender is assessing. The bigger factor for both is how used Tesla prices have moved, which lenders tend to manage through the term.
What does a Model Y cost to run beyond the repayment?
Electricity, road user charges at the NZTA rate, insurance and tyres. Tyres are the one owners are most often surprised by, since the weight and torque wear them faster than a petrol SUV of similar size, and all of it lands in the same weekly budget as the loan.
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Our finance partner compares multiple NZ lenders. Calculator inputs travel through to the application, and the partner returns a formal estimate after the lender's credit assessment.