Tesla Model Y vs Model 3 Refresh - Which One Should You Get??

Рет қаралды 25,270

18 күн бұрын

The Tesla Model Y and Model 3 continue to be the largest volume vehicles at Tesla. With the recent roll out of the refresh Model 3 Highland, it begs the question, should you get the refresh Model 3 or the existing Model Y?
Earlier this year we heard from Tesla directly that there was no refresh Model Y (project Juniper) coming this year. Elon Musk just further reiterated this stating that on top of not coming this year, even just 6 months of time represents a better Model Y than before.
Although it is true that Tesla does make enhancements on the go rather than waiting on new model years, the bigger refresh like what we have seen in the Highland Model 3 Refresh, includes a lot more new features that we wont see in the Model Y until it too is refreshed.
So with that, and following a quarter with some pretty incredible deals on the Model Y, we are now looking at different incentives, which in general, are lower than what they were before. Which should you choose between the refresh Model 3 and the existing Model Y?
The Refresh Model 3 does come with some important upgrades that are not yet present in the Model Y. Some of the bigger items are cooled seats, rear screen, updated front and rear bumpers, new dash, updated screen with thinner bezel, and more. There are also some things that were taken away, including the turn signal and gear shift levers.
This month, Tesla has removed the financing incentives they were offering on the Model Y and has applied an interest rate incentive on the Model 3 instead. It is important to note that this incentive is for lower month terms and does not meet the offer that the Model y was given just last month.
The Model Y on the other hand returned to standard financing rates, which is significantly higher than what they were just last month. There is one other thing that is a big piece of this puzzle, and that is EV tax credits.
The Model Y in all configurations qualifies for the EV tax credit of $7,500. With the new rules allowing you to claim this credit at time of purchase, you can now get this immediately reducing the cost of the vehicle. If you transfer the credit to the dealer (Tesla in this case) AND you do not exceed the income caps, that full credit can be taken at time of purchase without penalty.
On the other hand, the refresh Model 3 is notably missing the tax credit on the 2 more affordable options. Only the recently returned Model 3 Performance is able to claim the full $7,500 tax credit, meaning that in reality for most buyers, the Model 3 performance is actually cheaper than the Long Range AWD Model 3!
Even crazier is when you compare the Model Y with the Model 3 Refresh by trim. The Model Y is cheaper than the Model 3 equivalent in all 3 trims. That said, the RWD Model Y now only comes as a Long Range while the RWD Model 3 remains a standard range vehicle. So even with significantly higher range, the Model Y RWD is still cheaper than the Model 3 RWD because of the tax credits.
So what should you do? Well, I believe that the Model Y is significantly more car on the whole. That said, the refresh Model 3 does come with significant upgrades in the refresh. Without tax credit qualification, it's hard to say the Model 3 is worth paying more than a Y at this time, of course the exception being the Performance model.
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Пікірлер: 94

@jiggytito116 16 күн бұрын

LR M3 now qualifies for $7500 EV credit 😊

@msbgone 16 күн бұрын

You beat me to it. I just read that too! lol.

@denysvasylevskyy 16 күн бұрын

yep, so everything would look a bit different

@aaronrunkle 16 күн бұрын

Video already needs an edit!!

@tbull7782 15 күн бұрын

You beat me!! Nice with that tax credit (per Tesla website). But read carefully. Looks like it’s for lease and business tax credit only. Not sure if the personal peon person like us gets it.

@jiggytito116 15 күн бұрын

@@tbull7782 on website if you select cash and toggle the ev credit and gas savings button it adjusts price. Then do it for financing as well.

@loupoulain8103 16 күн бұрын

Thank you. This is a really helpful video for me. I was locked in on a 3, but I am now leaning toward a Y, principally on the range on the base model.

@Lost_In_LA 16 күн бұрын

I test drove the '24 Model Y and the refreshed Model 3 on four separate occasions and voted with my wallet-the refreshed Model 3 Performance. On each test drive, the M3 was the more enjoyable ride. I've never felt more connected to the road in a car before. I very much enjoyed the luxury appointments such as Alcantara and vented seats. The Model 3 also has the more attractive silhouette. After a week, I love the steering wheel including the signal buttons (which I never would have anticipated). I would have loved to have the hatchback for oversized cargo or car camping found in the Model Y but I already have a SUV in my personal fleet and it wasn't a must have. When the rebate friendly M3P was announced, it sealed the deal. For anyone in a similar situation, you can't go wrong with the Model 3.

@Trust_but_Verify 14 күн бұрын

For fair comparison with Model Y you would have test drove a regular M3 LR with 18 inch tires. Very like you'd still take M3 giving your preferences. Just wondering if you'd have chosen regular M3 if it had the $7500 EV credit at the time.

@Lost_In_LA 14 күн бұрын

@@Trust_but_Verify I test drove a regular M3 LR with 18" on two of the occasions. The car I most wanted was the M3 LR with 18"-mostly for guilty pleasures of having the upgraded sound system and extra battery. But Tesla had bumped the price $1750 for the LR during time I was test driving and white seats had increased $500 (now +$1000) so I carried a missed opportunity grudge. TBH, I had no issues with the performance or sound of the RWD and it still felt more fun drive than the Model Y (still a great car). I told myself if the LR became eligible for the tax rebate before I received my VIN, I would have switched to the LR. I don't care for driving the insane mode and it's peace of mind to have the extra range. I could have used the savings to buy FSD out right or more important life necessities. I'm not complaining too much, I love the sexier wheels, bumpers, spoiler, and carbon fiber accents on the Performance. It's just these are more expensive nice-to-haves than requirements. The LR is plenty sexy and performant enough with a ride ever so slightly smoother. One thing that could still stick me to the Performance over the LR (if doing over again) is the mind boggling precise steering and how well planted the tires are to the road. Geez it's next level. I simply forget how well the RWD/LR matches the Performance is this regard. Some of it might be coming from the 20" staggered wheels of the Performance. Hope this helps...

@juliannafromnevada3576 15 күн бұрын

Great video! I just purchased my first Tesla - a Model Y Performance in Quicksilver. I spent a lot of time debating a Model 3 Performance vs the Model Y Performance. While I loved the refresh Model 3 exterior styling , the ventilated sport seats, back screen and interior lighting - ultimately the extra space in the Model Y, lower price and the fact that it alredy has Hardware 4 was enough to make me select the Model Y. I can live without the refresh features for now. I love the Model Y and no buyers remorse for getting it prior to Juniper. Your analysis was spot on - if you don’t have a Tesla buy one! Choose which combo of features is most meaningful to you.

@bonniekrueger6126 16 күн бұрын

I can wait for refreshed model Y

@carlosedgarcruzcorrea1615 16 күн бұрын

It depends where you are with your car needs, and of course your size needs. I personally have 2 cars and I can wait, but 2 years ago I got into a car accident and I needed a car asap so I couldn’t play the waiting game. So someone like myself I can wait and be patient because I have 2 cars I can drive around. Personally look at your circumstances and choose accordingly. If you can wait for the refresh model Y, then you will have the newest and latest. I have a feeling Tesla is going to add one cool feature in the model Y that the current refresh model 3 and model y don’t have. ❤

@omarastacio3939 16 күн бұрын

I have a 2021 Model 3. The one thing that would make me wait for either is Hardware revisions. My model currently has the Intel processor and although still good, we are starting to see things that are not going to be available for older processors. Tesla is already looking into HW5.0 which may or may not include a revised processor. Being a computer on wheels, the HW (depending on how long you plan to keep the car) is the biggest factor to me.

@loupoulain8103 16 күн бұрын

I agree with you.

@FritzJones1 9 сағат бұрын

I’m waiting for the updated MYLR. Can’t wait!!

@roncolson7305 16 күн бұрын

Have a 2020 Model 3 and am waiting on the refresh Y. Will also wait for the hype around the new Y to go away so the price may be a better deal.

@Lost_In_LA 16 күн бұрын

I wouldn't be surprised if Tesla trickles the changes down to the Model Y instead of a big refresh. It's probably less disruptive to their most popular vehicle. So if you are waiting for the vented seats or better suspension, that indeed may come this year.

@tigerkenshi 16 күн бұрын

I will wait for refresh Model Y.

@seabicuit7247 16 күн бұрын

Outside of the lack of stalks, not having physical buttons or a gauge cluster, I like everything about the 3. However as someone who’s single with 1 car, it’s preferable to have a car with more storage space. I don’t care for the original 3 or Y’s current exterior design so I’ll wait for the Y refresh. Also while I’m not incredibly tall, it’s still nice not having to duck down so much to get into a car.

@dtallornothing 16 күн бұрын

Don't have one yet, but I'd rather wait for the refresh. I like the new style more than the current interior as well as the more aggressive exterior. I'd prefer the double pane glass in the rear and on the remaining panels to help reduced road noise as well that they added to the 3. The suspension improvement is needed as well.

@matthewkendall8544 16 күн бұрын

I believe the rear wheel drive model 3 has LFP batteries which can be charged to 100% daily. 100% of 272 seems better than 80% of 320

@Lost_In_LA 16 күн бұрын

On road trips, recharge time is king and you'll never charge to 100%. 70% of 320 is greater than 70% of 272.

@CarlitoswayDR 16 күн бұрын

It depends. I had both and let me tell you, that LFP battery takes longer to charge at superchargers, no premium sound, a lot slower and for road trips sucks because realistically you get 260 at 100%

@Kareem-cx4fi 16 күн бұрын

@@CarlitoswayDR interesting you say that the LFP charges slowly. Everywhere else says real world it has one of the best charging curves in Tesla's line up, you get some of the highest miles per hour in charging. So much so even in Tesla's website the rwd and long range both get 175 miles in 15 minutes. That's because the LFP even though it's max charging speed is 170 instead of 250 it holds that max charge longer than the other chemistries. Look at Out of specs 10% challenge for the LFP model 3. It's near the top of the list for evs for getting the most miles in 15 minutes for a road trip, when at 10%.

@CarlitoswayDR 16 күн бұрын

@@Kareem-cx4fiFor some reason I had more range anxiety than with the long range. The RWD LFP battery I was not able to get it to consume less than 286 wh/mile, it always avg around 340-400 here in FL. So in a road trip recharging cap around 150 then straight down to 115 then 80 and no more upside, all that happened within 10 mins

@belavet 15 күн бұрын

Are you using more than 250 miles per charge? If you are, the ln yes, it's better. If you're not, it's going to be an identical driving experience. As a road tripper I'd want whichever has the better charging curve too. Idk that I've seen stats in the 3 LFP pack.

@bryanwarren7814 16 күн бұрын

Don't wait. Get one now

@darrelpeters 16 күн бұрын

Anyone who lives in the state of Florida or Arizona or any other hot climate state and buys a car that doesn’t offer ventilated seats is really doing themselves a disservice. All models of the 3 and Y should’ve had ventilated seats from the first day of production considering how much they cost. Ridiculous.

@jamess.9164 16 күн бұрын

To be super clear, you should absolutely buy a model Y now, do not wait. South Florida and I have white seats but my car cools off for me so there is no need for ventilated seats. I have ventilated seats in my wife’s platinum Pathfinder 2024 and we do not use them at all. , If you value comfort while you are driving, the 2024 model Y seats are 10 times more comfortable than the new sportier ventilated seats in the model three refresh. I drive about 200 miles per day so is everything to me. This is really important considering purchasing a model Y

@cgamiga 10 күн бұрын

The refresh suspension is a huge deal, especially for stiff Model Y... but you could always get some 3rd party replacement suspension instead? ($2k or so?) Agreed the refresh seats felt firmer to me, still comfortable but not NEARLY as cushy as the previous vinyl seats.... hard to tell in 15min test drive how different for multi-hour roadtrip, but... agreed the vinyl seats even black cool off quickly (don't retain much heat mass), though my back sweats a bit w/o some ventilation... new might help that... but easy to clean off solid vinyl.

@CarlitoswayDR 16 күн бұрын

That changed just today! Both the LR and performance 2024 Model 3 quality for the 7500! My stocks are flying! lol getting M3 LR very soon with profits

@michaelblack8265 16 күн бұрын

I have a 2024 MYLR since January and I love it and I got $2600 off inventory discount and would recommend this over the Performance because of different sizes of tires and not able to rotate them

@TuneupMagic 15 күн бұрын

lol Tires are cheap; only $2,500-ish for all four OEM tires on my 2024 MYP.

@michaelblack8265 15 күн бұрын

Enjoy your performance MY

@mikeyc8139 16 күн бұрын

Interesting to see the differring opinions on interiors. You say you prefer the dash on the Model Y but to me, that wood grain looks SO bad! And the way they tried to continue the wood grain onto the door (I think that started in what, 2022) looks cheesy and an afterthought as it looks like an add-on. The refreshed Model 3 (which IS called Highland by Tesla BTW) is so much better; the LED strip makes the whole cabin look continguous, wrapping around the driver and passenger.

@abbyburdick6809 15 күн бұрын

We're waiting for Y right now. My husband was in an accident last month, and the financing deal was happening so we ordered. Just waiting to take delivery. Thankfully his grandma had a car that no one wants her to use, so hopefully within the next few weeks we get it!

@UTECHPIA 16 күн бұрын

Excellent Analysis! I am always asking this question! Thanks!

@cesargomez2527 16 күн бұрын

I was debating between model YLR and M3LR both cars are really nice; However, I’m single no kids so I think model 3 suits me better, plus when I test drive model Y it feels stiff. Model 3 was so smooth.

@eb1888. 16 күн бұрын

The impact on used Y prices as the new model comes out could be a consideration. And 2 year old cars may get to the level to get the $4k benefit from a dealer.

@ricric9521 11 күн бұрын

The MY now is a no brainer. I ordered a MY performance for the same price I paid for my 2022 Model 3 LR. The .99% finance and the $7500 discount is awesome. The improvements are not a deal breaker for me..maybe on a non-performance trim, but on the performance.

@Galileo9.81 16 күн бұрын

I say model y performance Juniper. Model 3 is somewhat too small for me esp. with golf clubs. With my current M3 and MY in my garage, I am definitely not in a rush.

@CarlitoswayDR 16 күн бұрын

The model Y if you need more head room and in the trunk/hatchback other than that very similar. But I like the refresh M3 look and quietness, new features, pick up speed much better than the Y right now.

@LarryRichelli 16 күн бұрын

I am thinking about a new tesla but buying a new model y now but the bottom would drop out them when the refresh comes. Might have to go the the new Kia EV6.

@gregm1855 6 күн бұрын

With the $7500 coming to the LR Model 3 it’s really a game changer. If you don’t need the size the Model 3 is the play.

@SyaoranDC 15 күн бұрын

I'm moving to Japan and literally stuck between the M3 Refresh or a Y. Love the size of the Y. The price difference is $300($29700 for M3RWD, $30,000 for MYRWD). I wish Tesla would just put in ventilated seats and a back screen in the Y for now while people wait for the full refresh. The ventilated seats are absolutely needed in Japan and with kids the screen is wanted. Was hoping China would get the MY refresh this year but looks like they won't be.

@prettyhatemachine101 11 күн бұрын

I just recently realize they aren't cooled seats, they're Ventilated. They just circulate the cabin air to your backside. Nice once the car is already cold inside, but isn't a true cooled seat. They're still nicer to have than just heated seats, and I like them.

@januszkukulka2127 16 күн бұрын

Hi, I am currently driving Tesla model Y. I would like to upgrade to model X before I get cyber truck maybe in two years what do you think? I know model X is more comfortable, but is it worthy? Thanks Janusz

@RSkala100 16 күн бұрын

Timing can be challenging anticipating the new Y, a bird in the hand strategy would say get the current Y and don't look back.

@murat8194 16 күн бұрын

Unless you need the extra space, no doubt M3 is the superior one.

@MeezyPeezy 16 күн бұрын

This guy is a top tier professional bullshitter lol This video could have been 5 min tops with everything covered Well done sir, what a talent!

@wong5150 16 күн бұрын

to me, out of spec kyle is way worse. they seem like nice guys tho

@MeezyPeezy 16 күн бұрын

@@wong5150 oh for sure! Not judging their character or anything . Just good at bullshitting lol

@Lost_In_LA 14 күн бұрын

Do 5 min videos make the same KZfaq royalties?

@keithferguson6422 16 күн бұрын

I prefer the model y. I am 6' 1 " and find it very difficult just to get in the model 3...

@coraliamolina3975 15 күн бұрын

Thanks for the video! I will wait for the refresh Model Y. Help me please, i installed a rear entertainment system on my Model Y and subscribe to the montly Wi-Fi. How can i get the Wifi connection to this rear entertainment system?

@thomass6776 16 күн бұрын

I really wish the focus on range range range would end. At 270-300 it’s already larger than my bladder can comfortably accommodate, and I mean if you are running low stop and recharge. It only comes into play on long road trips anyway and how many are people making per year. For daily use it’s not even an issue. We need to move on.

@bsaxman2012 16 күн бұрын

Hmmm. SUV vs sedan. Well, a sedan doesn't meet my needs so I guess the Model Y is what I should get (will wait for the Model Y refresh, however long that takes). I have driven the Model 3 refresh and it feels very refined. I did not like the screen-based transmission selector nor did I like the missing turn signal stalks. That may be a dealbeaker for a new Model Y if Tesla eliminates stalks.

@jezza6575 16 күн бұрын

Sounds like you’re waiting for nothing then!😂

@deej628 16 күн бұрын

Sexy buttons has stalks for the new models in progress.

@badtoro 16 күн бұрын

I just want the cooled seats

@guyg2005 16 күн бұрын

How much is your insurance costs for your CT?

@ArielBatista 16 күн бұрын

I still can't afford any of them. So I have no choice but to wait.😢

@foreveranuj 15 күн бұрын

When in doubt, don't.

@oscaregs4003 16 күн бұрын

If i qualify for the tax credit would i get that deducted at the time of purchase?

@leealvin685 14 күн бұрын

Just order model Y RWD in singapore. SGD $210k THANK YOU😊

@aaronchambers2866 10 күн бұрын

Answer is get a molded 3 for under 25k and be happy you saved and get the tax discount too.

@michelmasse6225 15 күн бұрын

I’m waiting to replace my 2020 MYP + FSD + Hansshow automatic frunk + Bioweapon defense mode with a 2025 MYLR if they transfer my FSD.

@ednatfu 16 күн бұрын

model y

@msbgone 16 күн бұрын

OMG. Your vid is old already! I think I just read the LG now qualifies!! lol.

@joshmoon7558 14 күн бұрын

Are the cooled seats actually good? We have had them in a few cars and it seems like you can barely feel it. Can anyone weight in?

@James-dy6zh 6 күн бұрын

They’re really good I drive it to the gym and instantly cooled off …. In my opinion the model 3 AC alone doesn’t cool that effectively. I swear my 2016 civic had better Air conditioning. so the cooled seats make a huge difference.

@joshmoon7558 5 күн бұрын

@@James-dy6zh Thanks for your insight!

@stkmp4170 16 күн бұрын

Long range is now qualified

@LucasBassFishing 16 күн бұрын

I’m waiting for the refresh of the Y, Tesla is making a big mistake by not bringing the refresh this year. It’s what the people want!

@MelvinMyla 16 күн бұрын

Not video being out dated within 24hrs damn 😂

@jazzcepeda 16 күн бұрын

I’m waiting for the refresh……Y

@Wankidy 16 күн бұрын

Model 3 LR is the best option, especially now that it qualifies for the full $7500 federal tax credit

@amandaneumann4047 3 күн бұрын

We just bought the long range model 3 and we got the tax credit!

@jaredschoenbrun 16 күн бұрын

y refresh all the way

@IXFIT99 16 күн бұрын

and now the Model 3 LR gets the tax credit within hours after this drops 🤷‍♂

@jimmottola 16 күн бұрын

Just in, the model 3 long range now qualifies for the full $7500 tax credit!

@Morisus 16 күн бұрын

Crazy how this video already has outdated info 😂

@teslatalk42069 15 күн бұрын

less than a day old and it's already an obsolete video haha

@boumarc 16 күн бұрын

why the stupid delay on the Model Y refresh ? just give people what they want NOW before chinese competition takes over

@jezza6575 16 күн бұрын

Man TBG…Tesla dropped the price by $250 on on the M3LR just to throw off your numbers!😂

@RT-zg9qi 16 күн бұрын

Tax Credits will probably go away next year if Trump is elected.

@mondogomez5 16 күн бұрын

I really doubt it

@sa2005 16 күн бұрын

Exactly all ev will stop. Idiot drill baby drill

@TuneupMagic 16 күн бұрын

Seriously doubt if the 2024 M3 RWD and M3LR AWD trims can match my stock 2024 MYP: kzfaq.info/get/bejne/esVkaKiAmqjFpYk.htmlsi=FxTIFArs6NtHXYCX at speed of 36mph all in entering, during and exiting a sharp left turn, followed by an immediate curve to the right, when urgently clearing an intersection safely under an unexpected yellow. Test drove the 2024 M3 RWD on February 9, 2024 accompanied by a Tesla rep. Thought the POS (Not Point of Sale lol) was going to roll over when I did a quick left/right maneuver (similar to a race car warming up its tires) at only 40-ish MPH on a straight/level roadway. Tesla rep advised the 2024 MYP has similar ride comfort, and a significantly more superior road-holding ability, and the dude told the truth! The stock 2024 MYP has it all, my friend. I'll simply trade in my 2024 MYP, if the upcoming MYP refresh would be significantly better in every way. Oh, one more thing: it's not advisable to buy or lease any Tesla vehicles, manufactured after their recent morale-degrading mass/continuous layoffs, for a certain period of time.