Current manufacturer rates · Ontario
2026 Tesla Model Y Rear-Wheel Drive
Best finance
5.21% · 36 mo
Best lease
5.494% · 24 mo
Finance and lease rates, payment estimates, and weekly history for this new-car trim.
Rates from Tesla Canada's website, checked Oct 12, 2026.
Price before tax
- MSRP
- $49,990
- Freight and PDI
- $2,500
- Federal Air Conditioner Tax
- $100
- Tire Fee
- $24
- OMVIC
- $22
- All-in before tax
- $52,636
Finance rates
Monthly payments assume $0 down and include Ontario HST.
| Term | Finance offers |
|---|---|
| 36 months | 5.21% with $5,000 federal credit— |
| 48 months | 5.21% with $5,000 federal credit— |
| 60 months | 5.21% with $5,000 federal credit— |
| 72 months | 5.21% with $5,000 federal credit— |
| 84 months | 5.21% with $5,000 federal credit— |
| 96 months | 5.21% with $5,000 federal credit— |
Lease rates
Monthly payments assume $0 down and include Ontario HST.
| Term | 16,000 km/yr |
|---|---|
| 24 months | 5.494% · — 68% residual |
| 36 months | 5.494% · — 54% residual |
| 48 months | 5.494% · — 41% residual |
Manufacturer incentives
Eligibility and application rules depend on the published offer.
- Government: $5,000, finance at standard rates or cash purchase, Federal EV Incentive for CA all models under $50k
- Government: $2,500, lease, 24 months, Federal EV Incentive for CA all models under $50k; 24-month lease
- Government: $3,750, lease, 36 months, Federal EV Incentive for CA all models under $50k; 36-month lease
- Government: $5,000, lease, 48 months, Federal EV Incentive for CA all models under $50k; 48-month lease
Rate history
| Week | Best finance APR | Best lease APR | MSRP | Manufacturer cash |
|---|---|---|---|---|
| Oct 12, 2026 | 5.21% | 5.494% | $49,990 | $5,000 |
Tracking since Oct 12, 2026. Rates are checked every Sunday, so the weekly history starts here.