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expiredMurraytheDemonSkull posted Jan 13, 2023 4:18 AM

2023 Tesla Model Y + $7,500 Federal Tax Credit

$52,990

$52,990

(For Qualifying Buyers)
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Deal Details
Tesla has dropped the base price of the Tesla Model Y from $65,990 down to $52,990. This price reduction means the Model Y now qualifies for the $7,500 Federal Tax Credit (details here).

Thanks to Community Member MurraytheDemonSkull for finding this deal.

Additionally, the base prices of all Tesla vehicles have been reduced. The base Model 3 is now $43,990, which is $3,000 lower than before. The Model 3 Performance is now $53,990, which is $9,000 lower than before, and now qualifies for the tax credit.

Editor's Notes

Written by RazorConcepts
  • This is $13,000 lower (19% savings) than the previous base price.
  • Factoring in the tax credit, the price of the Model Y today is $20,000 less than one purchased in December 2022.
  • To qualify for the federal tax credit, one must not exceed the following adjusted gross income limits:
    • $300,000 for married couples filing jointly
    • $225,000 for heads of households
    • $150,000 for all other filers
  • The tax credit is not refundable, which means one must have federal tax due to take advantage of it. If the tax due is less than the credit amount, one can only claim the credit up to the amount of the tax due.
  • Refer to the forum thread for additional deal discussion.

Original Post

Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Tesla has dropped the base price of the Tesla Model Y from $65,990 down to $52,990. This price reduction means the Model Y now qualifies for the $7,500 Federal Tax Credit (details here).

Thanks to Community Member MurraytheDemonSkull for finding this deal.

Additionally, the base prices of all Tesla vehicles have been reduced. The base Model 3 is now $43,990, which is $3,000 lower than before. The Model 3 Performance is now $53,990, which is $9,000 lower than before, and now qualifies for the tax credit.

Editor's Notes

Written by RazorConcepts
  • This is $13,000 lower (19% savings) than the previous base price.
  • Factoring in the tax credit, the price of the Model Y today is $20,000 less than one purchased in December 2022.
  • To qualify for the federal tax credit, one must not exceed the following adjusted gross income limits:
    • $300,000 for married couples filing jointly
    • $225,000 for heads of households
    • $150,000 for all other filers
  • The tax credit is not refundable, which means one must have federal tax due to take advantage of it. If the tax due is less than the credit amount, one can only claim the credit up to the amount of the tax due.
  • Refer to the forum thread for additional deal discussion.

Original Post

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12.3K Comments

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Jan 14, 2023 6:10 PM
535 Comments
Joined Nov 2007
pugxiwawaJan 14, 2023 6:10 PM
535 Comments
Quote from crg5980 :
It would be hard for me to swallow that $20,000 of the cost of this vehicle is just the battery alone.
Battery is warranty 8 years 120k miles. Why you worry about it? And there are plenty of tests done for people who drive last 120k and battery only has 15-20% degradation. It's like worrying about paying for engine replacement after 8 years when you are shopping for ICE car.
Jan 14, 2023 6:10 PM
32 Comments
Joined Dec 2014
g007bondJan 14, 2023 6:10 PM
32 Comments
Quote from pugxiwawa :
Just need to change tires, windshield wiper and add fluid. No other maintenance needed.
I was told you have to have a car alignment once a year because of the weight of the car
Jan 14, 2023 6:10 PM
585 Comments
Joined Nov 2014
1CheapSOBJan 14, 2023 6:10 PM
585 Comments
Ordered!
Jan 14, 2023 6:11 PM
399 Comments
Joined Nov 2014
EliteDealHunterJan 14, 2023 6:11 PM
399 Comments
Quote from dealhunt_101 :
I was exactly in the same boat. Was considering a 2021 certified RX350, which I could have bought for around 45-46k. Over 12 years/100k miles, it would have cost me 30k in gas and maintenance, and assumed zero salvage value. A total lifetime cost of ~75k.


Model Y at 46k (after 7.5k federal + 2k NJ credit), over 12 years/100k miles will cost me 12-14k in charging and maintenance, for a lifetime cost of ~60k. Hard to ignore the cost saving.
The Lexus would be much more comfortable and reliable to drive. Cost difference would be worth it.
1
Jan 14, 2023 6:12 PM
585 Comments
Joined Nov 2014
1CheapSOBJan 14, 2023 6:12 PM
585 Comments
Quote from EliteDealHunter :
Irrelevant. Model 3 is boring compared to the real M3. Good car for A to B transportation but nothing like the BMW in terms of driving enjoyment.
Bmw = douche
1
Jan 14, 2023 6:12 PM
585 Comments
Joined Nov 2014
1CheapSOBJan 14, 2023 6:12 PM
585 Comments
Quote from neo_ny :
No sales tax and additional $2k NJ credit is a very tempting proposition in NJ I would agree. Are there no strings attached for the NJ credit? I'm wondering if there is someway to leverage this as my sister currently lives in NJ but she is moving out of state at the end of the month ...
Yea, but you live in Jersey...yikes
1
3
Jan 14, 2023 6:13 PM
399 Comments
Joined Nov 2014
EliteDealHunterJan 14, 2023 6:13 PM
399 Comments
Quote from 1CheapSOB :
Bmw = douche
Can't argue there but unfortunately Tesla has become more of the douche symbol as well. A lot more.

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Jan 14, 2023 6:13 PM
37.8K Comments
Joined May 2007
rrc06Jan 14, 2023 6:13 PM
37.8K Comments
Quote from EliteDealHunter :
Irrelevant. Model 3 is boring compared to the real M3. Good car for A to B transportation but nothing like the BMW in terms of driving enjoyment.
M3P or plaid > m3 dead dinosaur burner any day.
3
Jan 14, 2023 6:13 PM
832 Comments
Joined Oct 2011
markng25Jan 14, 2023 6:13 PM
832 Comments
Quote from anhdongtx :
You are not the only one but many people I know that make over 100K have a 50K car
By the way we (myself and extended family members that I know of) always purchased vehicles outright and never financed.
Jan 14, 2023 6:14 PM
37.8K Comments
Joined May 2007
rrc06Jan 14, 2023 6:14 PM
37.8K Comments
Quote from g007bond :
I was told you have to have a car alignment once a year because of the weight of the car
Nope. Had my S for 7+ didn't need a yearly alignment
Jan 14, 2023 6:14 PM
399 Comments
Joined Nov 2014
EliteDealHunterJan 14, 2023 6:14 PM
399 Comments
Quote from rrc06 :
M3P or plaid > m3 dead dinosaur burner any day.
Nah… I've owned M3P and BMW. Sold the M3P. Fun car if you like to just floor it and not be engaged in the experience. BMW drives much much better as an actual driver's car.
Jan 14, 2023 6:15 PM
586 Comments
Joined Jan 2007
dtwizzyJan 14, 2023 6:15 PM
586 Comments
Quote from madmoney1 :
How reliable is their Est. Delivery date? Want to make sure it gets delivered by March. I'm only interested in buying because of the $7500 tax credit
Yea I have the same concern
Jan 14, 2023 6:16 PM
37.8K Comments
Joined May 2007
rrc06Jan 14, 2023 6:16 PM
37.8K Comments
Quote from EliteDealHunter :
Nah… I've owned M3P and BMW. Sold the M3P. Fun car if you like to just floor it and not be engaged in the experience. BMW drives much much better as an actual driver's car.
Same argument the 911 owners use. I get it. Some people just like the feel and the exhaust note.

Very subjective imo. My last car was a 6 speed MT too before i bought an S. Koenigsegg loves his model S as well btw, so does Leno.

There's a reason why Lambo Ferrari etc killed off the manual transmission option in their cars years ago
Jan 14, 2023 6:16 PM
611 Comments
Joined Sep 2020
MagentaFruit531Jan 14, 2023 6:16 PM
611 Comments
Quote from R1SK :
Sorry still overpriced, tm3 was priced 35,000 for the base model in 2019 with the original $7500 credit. See attached.
You are correct. I was considering getting a Tesla in 2019 when price was around $35k. Felt it was a high and hope it would come down due to Covid later in the year. That never happened and price just rose from that time. Those were the days!

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Jan 14, 2023 6:17 PM
32 Comments
Joined Dec 2014
g007bondJan 14, 2023 6:17 PM
32 Comments
The car hast to get in the 20,000 range for people that doesn't make that much money until then it's gonna be a while to you see a lot of them on the road.
1

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