Hello, I hope you're well.
Tesla is offering certain customers a $7,500 discount and 10,000 Supercharger credits if they take delivery of a Model 3 or Model Y by 12/31/2022. Check your text message;
here is an example.
Yesterday,
I posted about how the Model 3 RWD and Model Y will qualify for the full Inflation Reduction Act (IRA) $7,500 if you take delivery in January or February 2023 (of course, if Tesla runs promotions or drop prices in early 2023, there could be better savings then). This is better in several major ways:
- Lower sales tax because this is a discount, not a tax credit
- You get the discount immediately, instead of having to wait until 2024 when you file taxes for 2023
- You get 10,000 Supercharger credits, which is valued at between $500 and $900
- If you're financing, you don't have to pay interest on the $7,500
- (For some people) If you didn't qualify for the tax credit due to being over the income limit, you don't have to worry about that at all
- 12/29/2022 UPDATE: IRS published its list [irs.gov], and some vehicles will not qualify for the tax credit that starts in 2023; of note, Model Y 5-Seat does not qualify because it passes the $55,000 limit, whereas the Model Y 7-Seat does qualify because it is below the $80,000 limit.
- 01/04/2022 UPDATE: The 10,000 Supercharger miles (which is actually 4,000 kWH) have been added to the Tesla App. Check Settings > Loot Box.
Author's Note: This is a deal thread, not a political thread or a thread for people who dislike Tesla. Please refrain from going off topic or thumbing down this thread. You have every right to hate Tesla and its CEO, but please don't thumb down a thread related to Tesla simply because of that. Slickdeals is a deal-hunting forum above all else, and I'd greatly appreciate it if we treat threads in Hot Deals as deal threads and nothing else. Thank you.
I hope this helps,
Tofu Vic
QA Note: Inventory Varies By Zip - Example https://www.tesla.com/inventory/n...&range=200
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765 Comments
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They don't appear to offer any special financing?
I tried my best to look past these issues and try to justify the purchase, but looking at my friends and their frustration with service issues, I am glad I held back. You turn on the AC, watch the range plummet. Before you buy - Rent it on Turo or Hertz for a day and take it for spin on all the roads you normally traverse. I did this - glad I did - and it wasnt for me. Cars in general are bad 'investments', Teslas are the worst of the lot from an investment standpoint. Please rent for a day before you buy - chances are you may not like it. The insurance premiums are very high and be prepared to set it aside for a few weeks to few months if there is a service issue. The supply chains have not been resolved - they are actually getting much worse.
After 6 months of research and back and forth - they are not worth the high price, you do not get what you pay for.
Their Solar City product and service are a bigger joke than their cars.
In the mean time, check out the new 2023 Toyota Prius Prime AWD - its a beauty and a beast.
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They don't appear to offer any special financing?
Tesla doesn't have direct financing, but if you order, you'll be prompted to use the app to complete the purchase, and there is a path to have them automatically find you financing directly after inputing your info. They gave me 5.34% for 60 months via Wells Fargo, but you can pay any traditional way like a normal car dealership.
Well the whole car market has been crazy the past couple years - last new car I got was in 2020 and I asked the salesman how his year had been going (I've bought a few cars from him) and he said it was all going at pace but the biggest difference was the number of people paying in cash (e.g. stimulus). After that started to wane, that's when the whole chip shortage came about (on top of likely numerous other supply chain issues about the same time), so you had artificially-supported demand (handouts) coupled with supply shortages of new cars, what do people look to? Newer used cars, or even better quality cars at comparable prices. That then works its way down the food chain to all used cars.
I think we're about getting out of that now, so I'd expect all car prices to come down. There were plenty of people in these threads boasting how their car's value had gone up since it was purchased a few years ago, as if cars are investments.
All that said, with the hem and haw of gasoline and electricity prices, I'm paying $0.36/kwh (well, as of 1/1) meanwhile gas is back down to $2.75 (spread is $1.20 - $4.30 in the past 2.5 years). A model 3 gets about 4 miles/kwh, so for the same per-mile cost as driving the tesla, all you need is a car that gets about 30.5mpg, and it will probably be a hell of a lot less expensive to purchase than the Tesla. I've mentioned this before but the 2018 Pilot EXL that is my daily driver, I get about 29.5mpg. Yes, my 8 seater SUV costs almost the same to drive as a Tesla, at least where I live; I bought it used a couple years ago when it had 17k on the clock for like $27k. That Model 3? Cheapest configurable is close to $50k now.
I think we're about getting out of that now, so I'd expect all car prices to come down. There were plenty of people in these threads boasting how their car's value had gone up since it was purchased a few years ago, as if cars are investments.
All that said, with the hem and haw of gasoline and electricity prices, I'm paying $0.36/kwh (well, as of 1/1) meanwhile gas is back down to $2.75 (spread is $1.20 - $4.30 in the past 2.5 years). A model 3 gets about 4 miles/kwh, so for the same per-mile cost as driving the tesla, all you need is a car that gets about 30.5mpg, and it will probably be a hell of a lot less expensive to purchase than the Tesla. I've mentioned this before but the 2018 Pilot EXL that is my daily driver, I get about 29.5mpg. Yes, my 8 seater SUV costs almost the same to drive as a Tesla, at least where I live; I bought it used a couple years ago when it had 17k on the clock for like $27k. That Model 3? Cheapest configurable is close to $50k now.
Tesla doesn't have direct financing, but if you order, you'll be prompted to use the app to complete the purchase, and there is a path to have them automatically find you financing directly after inputing your info. They gave me 5.34% for 60 months via Wells Fargo, but you can pay any traditional way like a normal car dealership.
Still amazing Tesla doesn't have a finance wing; that's a major source of income for most manufacturers. Also makes them more competitive - Honda is giving out 1.9% now (saw a TV ad, not that I've done a lot of recent researching). That interest difference over the course of 5 years represents a difference in interest of $2800 on a $30k loan or about 9.3% of the value of the loan. (payments are about $55/mo different)
I think we're about getting out of that now, so I'd expect all car prices to come down. There were plenty of people in these threads boasting how their car's value had gone up since it was purchased a few years ago, as if cars are investments.
All that said, with the hem and haw of gasoline and electricity prices, I'm paying $0.36/kwh (well, as of 1/1) meanwhile gas is back down to $2.75 (spread is $1.20 - $4.30 in the past 2.5 years). A model 3 gets about 4 miles/kwh, so for the same per-mile cost as driving the tesla, all you need is a car that gets about 30.5mpg, and it will probably be a hell of a lot less expensive to purchase than the Tesla. I've mentioned this before but the 2018 Pilot EXL that is my daily driver, I get about 29.5mpg. Yes, my 8 seater SUV costs almost the same to drive as a Tesla, at least where I live; I bought it used a couple years ago when it had 17k on the clock for like $27k. That Model 3? Cheapest configurable is close to $50k now.
On the other end of the spectrum, my electricity plan is $0 kWh on the weekends, which is when I exclusively charge. So there's no gas car that can even come close to my fuel costs.
I would say at this point it is. Then you'll have the people that will proclaim how it's not really supposed to actually drive the car without intervention, despite that's basically exactly the name of the software. But, Tesla is well-known for creating reasons for people to cough up money for "future" stuff with basically zero guarantees it will ever happen.
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