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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 10:35 PM
891 Comments
Joined May 2013
SamirPDJan 14, 2023 10:35 PM
891 Comments
Quote from hallaj33 :
This is going to sound dumb, but is there a way to increase my tax liability so that this tax credit would actually benefit me?
Yes. If you have something that you can sell for a gain that will increase your tax liability, you can do that. However, keep in mind that even if you're in the 40% tax bracket, you'll need to earn an additional $18750 taxable income to be able to generate a $7500 tax liability.
Jan 14, 2023 10:36 PM
399 Comments
Joined Nov 2014
EliteDealHunterJan 14, 2023 10:36 PM
399 Comments

Our community has rated this post as helpful. If you agree, why not thank EliteDealHunter

Quote from BrokePanda :
This is not true. There has never been a wait at a Tesla SC. Cost depends on time due to tier time of use. But it it's still cheaper than gas. Please don't post any false information.
Never been a wait? 😂😂😂 Maybe if you live in Nebraska or something. Come out to the western states and get in line bud.
1
Jan 14, 2023 10:36 PM
3.7K Comments
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Jan 14, 2023 10:36 PM
3.7K Comments
Quote from EliteDealHunter :
Not me. Just sold mine. Car is fast in a straight line and that's where the fun ends.
Excellent AWD sticky handling for me, responsive steering. Track mode has lot of neat options including power split. What's better at ~52k (20, sleeper)?

A: Nothing




Edit: CRICKETS...
Last edited by Anonymous January 14, 2023 at 03:00 PM.
Jan 14, 2023 10:39 PM
71 Comments
Joined Apr 2018
jtupac99Jan 14, 2023 10:39 PM
71 Comments

Our community has rated this post as helpful. If you agree, why not thank jtupac99

5.3% interest over 72 months doesn't really seem attractive. You end up paying 8.6k interest on a 52k loan. I'll pass
1
Jan 14, 2023 10:39 PM
891 Comments
Joined May 2013
SamirPDJan 14, 2023 10:39 PM
891 Comments
Quote from hunter44102 :
Isn't all the savings negated by much higher interest rates than last year? Unless you pay cash of course
I think that's kind of the idea behind these incentives and price breaks. For most people living paycheck to paycheck it's just the payment that matters.

Saw this in the housing bubble in the bay area too. Just down the street from us a house sold for nearly 600k more just a few months before we bought ours. And after I ran the numbers for a loan, the payment based on the same principle would have been the same because of the interest rates. If I would have known I would have had to get a loan and had to buy in this timeframe, I would have just bought that one instead. I don't think anyone even lives in it.
Jan 14, 2023 10:40 PM
430 Comments
Joined Jan 2006
boogakJan 14, 2023 10:40 PM
430 Comments
Quote from BrokePanda :
Lol u don't own a Tesla. Don't need the app. The car has it built in their MCU system. And you wont want to charge at those free places. They are only 8.4kw speed. Slow AF.
I had a 2020 Model 3 I sold last year. The builtin map only shows superchargers and destination chargers. If I'm going to be at a spot for hours at a time (like working from a coffee shop), why wouldn't I use the free and slower charging to top off? I wouldn't use them in the middle of a road trip though unless it was at a hotel overnight (which I also used Plugshare to find).
Last edited by boogak January 14, 2023 at 02:45 PM.
Jan 14, 2023 10:42 PM
111 Comments
Joined Jun 2012
pekpek23Jan 14, 2023 10:42 PM
111 Comments
Quote from ravage :
Only for the yuppies! Elon is a joke, company is a joke! Look at the bad reviews for Telsa, people get locked out of cars and replacement batteries that no one can afford.
I bought my Tesla model 3 brand new in 2020 love it except the battery has gone from full charge 270 miles from 2020 to 240 miles in Jan 2023. Don't know if this will continue to degrade every year. I follow all the tips and advice from forums as to how to charge it properly and still it's an issue. Hope it lasts and warranty covers if something goes wrong
1

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Jan 14, 2023 10:47 PM
399 Comments
Joined Nov 2014
EliteDealHunterJan 14, 2023 10:47 PM
399 Comments
Quote from SamirPD :
I think that's kind of the idea behind these incentives and price breaks. For most people living paycheck to paycheck it's just the payment that matters.

Saw this in the housing bubble in the bay area too. Just down the street from us a house sold for nearly 600k more just a few months before we bought ours. And after I ran the numbers for a loan, the payment based on the same principle would have been the same because of the interest rates. If I would have known I would have had to get a loan and had to buy in this timeframe, I would have just bought that one instead. I don't think anyone even lives in it.
If it's the same size house then you're probably better off now since you can move whenever you like… rather pay higher interest short term than be locked into a house that's lost value and is underwater. If the other house is still actually valued $600k more then yeah… much better deal to have bought it.
Jan 14, 2023 10:51 PM
3.9K Comments
Joined Oct 2006
MacB00kemDannoJan 14, 2023 10:51 PM
3.9K Comments
Quote from BrokePanda :
This is not true. There has never been a wait at a Tesla SC. Cost depends on time due to tier time of use. But it it's still cheaper than gas. Please don't post any false information.
Never say never; it's going to be highly dependent on where you live, what time of day it is, and if it's a weekend/holiday period.

I've had my Tesla for 1.5 years, and I MOSTLY charge at home. I only Supercharge on long drives in and out of state. However, I've had to wait for an available charger maybe twice in all that time. And I only waited about 5 mins to get an available spot, but it happens...
Jan 14, 2023 10:53 PM
3.1K Comments
Joined Apr 2010
madmoney1Jan 14, 2023 10:53 PM
3.1K Comments
If I'm only going to drive 10-20 miles a day, should I just go with the mobile connector for the charging?
Jan 14, 2023 10:55 PM
677 Comments
Joined Apr 2007
happens31Jan 14, 2023 10:55 PM
677 Comments
Quote from dvrrajesh :
I am trying to schedule pickup with Tesla and it shows 15, 16, 17 only. I am hoping that if I wait I can schedule during weekends. Also I applied for loan in credit union. I assume it will take few days to get it approved.
Which credit union did you go with?
Jan 14, 2023 10:58 PM
5.6K Comments
Joined Apr 2008
WilliamGJan 14, 2023 10:58 PM
5.6K Comments
Quote from pekpek23 :
I bought my Tesla model 3 brand new in 2020 love it except the battery has gone from full charge 270 miles from 2020 to 240 miles in Jan 2023. Don't know if this will continue to degrade every year. I follow all the tips and advice from forums as to how to charge it properly and still it's an issue. Hope it lasts and warranty covers if something goes wrong
Pretty normal. It will drop around 10% in the first year or two (depending on how many miles you have on it), and then stabilizes for a good while.
Jan 14, 2023 11:00 PM
430 Comments
Joined Jan 2006
boogakJan 14, 2023 11:00 PM
430 Comments
Quote from madmoney1 :
If I'm only going to drive 10-20 miles a day, should I just go with the mobile connector for the charging?
You can get by with a standard 120v outlet with that type of usage. IIRC I would get 5 miles per hour charging my Model 3 using a standard outlet, you can get all that back overnight.
Jan 14, 2023 11:03 PM
399 Comments
Joined Nov 2014
EliteDealHunterJan 14, 2023 11:03 PM
399 Comments
Quote from madmoney1 :
If I'm only going to drive 10-20 miles a day, should I just go with the mobile connector for the charging?
Mobile connector is really all you need in any situation. Especially now that it comes with both the standard and 14-50 adapters. Can charge at level 1 and add 4 or so miles per hour of charge or charge at level 2 and add somewhere around 25 miles per hour of charge.

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Jan 14, 2023 11:10 PM
2.4K Comments
Joined Feb 2013
ZeeDuckJan 14, 2023 11:10 PM
2.4K Comments
Quote from pugxiwawa :
Check how many Lyriq GM sold last quarter. 12! Wow! Yeah you keep waiting for competition we get to enjoy our Tesla.
That's a bit misleading as GM is slowly releasing that car. Unlike Tesla GM isn't counting pre-production units as deliveries and GM seems to be taking this one very slowly.

There are plenty of Tesla alternatives on the road and most are sold by honest companies with dealers who can actually help when things go wrong. They also are sold by companies that don't claim (and take money for) "full self driving" and then don't deliver.
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