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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 16, 2023 5:59 PM
4K Comments
Joined May 2013
MoisesA7010Jan 16, 2023 5:59 PM
4K Comments
Quote from vndragonslayer :
ty for your 2cent.. can you get a 2023 crv at msrp and not inflated scalped stealership 5-10k markup with bullshit badge n stickers?
requires more effort on buyers' part but people can still get MSRP on the popular ICE cars. Even more so now as the market is changing
Jan 16, 2023 6:01 PM
535 Comments
Joined Nov 2007
pugxiwawaJan 16, 2023 6:01 PM
535 Comments
Quote from CrazyOne :
Bought Tesla Y 2023 and so disappointed. It is crazy noisy on Freeway. It doesn't have a parking assistant. The display is not tilted. No Carplay support. Rear view camera is horrible. My Honda CRV 2017 is much better for half of the price. My wife ask me to return that garbage can, but tesla removed the 15 days return policy.
Lol no offense but you might be the first person I've ever heard prefers CRV over Tesla. I'm not even sure how these 2 cars are comparable. Did you even test drive or sit in Tesla before you buy? No tilt display or no CarPlay is not something new. Like should be immediately obvious if you sat in one before you bought. Does your CRV have side camera?
1
1
Jan 16, 2023 6:05 PM
2.6K Comments
Joined Oct 2011
DanguardAceJan 16, 2023 6:05 PM
2.6K Comments
Question about insurance. I live in a state that Tesla offers their own insurance. How do I go about signing up for a plan? My understanding was that it is an option on the Tesla app. I assume because I haven't been assigned a vin yet that this is not an option yet.
Jan 16, 2023 6:07 PM
9 Comments
Joined May 2017
qrist12Jan 16, 2023 6:07 PM
9 Comments
Quote from The_Doug :
Yeah, I'm sorta pissed about how that worked out for my Kia EV6. With the Model Y price drop, I could get that instead. Oh well, at least I don't need to wait.
I have EV6s (yes, two of them!) and I have to say it kicks Model Y butt in every department except for acceleration and charging network. I got lucky bought both vehicles before tax changes, so I will get tax credit for both. But even without tax credit, I think EV6 much better car and better value that Model Y.
Last edited by qrist12 January 16, 2023 at 10:09 AM.
Jan 16, 2023 6:09 PM
92 Comments
Joined Jul 2008
lampy08Jan 16, 2023 6:09 PM
92 Comments
Quote from NeoSlick :
1. I'd rather buy American. If all things were equal. Tesla was American?
https://www.cars.com/articles/2022-cars-com-american-made-index-which-cars-are-the-most-american-451... [cars.com]

Spoiler: Tesla Model Y and 3, based on place assembly and percentage of components made in US [and Canada].
Jan 16, 2023 6:09 PM
5.9K Comments
Joined Nov 2014
ftee123Jan 16, 2023 6:09 PM
5.9K Comments
People do not like telsa should just GTFO this thread and go somewhere else
2
Jan 16, 2023 6:10 PM
21 Comments
Joined Oct 2021
ArchEnemyJan 16, 2023 6:10 PM
21 Comments
Quote from DanguardAce :
Question about insurance. I live in a state that Tesla offers their own insurance. How do I go about signing up for a plan? My understanding was that it is an option on the Tesla app. I assume because I haven't been assigned a vin yet that this is not an option yet.
You can get the insurance once you are assigned a VIN

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Jan 16, 2023 6:14 PM
25 Comments
Joined Jan 2013
jamessievertJan 16, 2023 6:14 PM
25 Comments
Quote from wish_sonu :
The answer:

http://ozopplus.com/
Any ideas on the price for these 10yr 150k miles?
Jan 16, 2023 6:18 PM
565 Comments
Joined Oct 2004
dealhunt_101Jan 16, 2023 6:18 PM
565 Comments
Quote from pugxiwawa :
PSEG EV program only covers installation charge, ie cost of getting electron to install, up to $1500. Doesn't cover actual cost of charger, however it requires you to purchase either ChargePoint or JuiceBox so they can meter your EV usage, and apply 0.02/kwh discount. You can also get 30% tax credit back from federal for the overall installation (labor + cost of charger), so all in all getting charger installed is almost free in NJ. Good luck.

Whichever charger you pick, it will cost ~$250 after incentives. The added benefit of JuiceBox or CharPoint is it works on all EVs, and the 0.02/kwh discount.
Pro
Jan 16, 2023 6:19 PM
1.8K Comments
Joined Feb 2006
rubiks
Pro
Jan 16, 2023 6:19 PM
1.8K Comments
Quote from vndragonslayer :
one should not be financing tesla atm due to high interested rate.. buy cash.. if u dont have cash.. dont buy the car.. whole point is to not spend extra on interest which will moot the entire point of a slick deal. 37k tesla 3 is a bargain
my thought on financing. The rate now is about 5%, the saving rate at Ally 3.3%. It appears to be if you have the fund but still chose to finance, technically you are paying 1.7% rate since you money is earning 3.3% at the same time.
1
Jan 16, 2023 6:25 PM
462 Comments
Joined Aug 2011
scott_tigerJan 16, 2023 6:25 PM
462 Comments
Quote from d0min0 :
so if i lost 20k in stocks, but made 70k at my job, i only get taxed on 50k right?
Someone may have already replied.
You can claim only 3K per year but carry it over, so it would take you around 16 yrs to claim 50K
Jan 16, 2023 6:26 PM
565 Comments
Joined Oct 2004
dealhunt_101Jan 16, 2023 6:26 PM
565 Comments
Quote from rubiks :
my thought on financing. The rate now is about 5%, the saving rate at Ally 3.3%. It appears to be if you have the fund but still chose to finance, technically you are paying 1.7% rate since you money is earning 3.3% at the same time.

If we are getting technical, the diff is between 3.3% + your effective tax rate, and 5%. So if you're in a 20% fed tax bracket, the 3.3% you earn will be reduced to 2.64%.
Jan 16, 2023 6:37 PM
34 Comments
Joined Nov 2007
wish_sonuJan 16, 2023 6:37 PM
34 Comments
Quote from jamessievert :
Any ideas on the price for these 10yr 150k miles?
You can request a free quote. I'm still waiting on my confirmation delivery on my Y but I will also request that soon. I'm not sure if different states will have an impact on pricing either.
Jan 16, 2023 6:39 PM
34 Comments
Joined Nov 2007
wish_sonuJan 16, 2023 6:39 PM
34 Comments
I myself bought a seven seater on Sat night with delivery between Feb-Apr. Anyone with seven seater got any exact confirmed delivery date who bought earlier than me.

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Jan 16, 2023 6:45 PM
509 Comments
Joined May 2018
vndragonslayerJan 16, 2023 6:45 PM
509 Comments
Quote from rubiks :
my thought on financing. The rate now is about 5%, the saving rate at Ally 3.3%. It appears to be if you have the fund but still chose to finance, technically you are paying 1.7% rate since you money is earning 3.3% at the same time.
juno is 5%

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