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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 11:12 PM
226 Comments
Joined Jan 2007
fmcfad01Jan 16, 2023 11:12 PM
226 Comments
The Final Payment screen of the Tesla app says right at the top "Submit a secure payment directly from a bank account. Credit Card payments and personal checks not accepted."

No, you can't use a credit card to pay for your car. Tesla having to pay a 3%+ fee to Chase or whatever would not be in their best interest on a purchase this size.
Jan 16, 2023 11:15 PM
4.4K Comments
Joined Feb 2010
turns2stoneJan 16, 2023 11:15 PM
4.4K Comments
Quote from TheKingofDeals :
What about the Hilton Aspire? The wife has been wanting to get this one for while for the perks. What is the max that Tesla allows one to charge on credit card at purchase/delivery?

Hilton Honors Aspire Card
Earn 150,000 Hilton Honors Bonus Points after you spend $4,000 in eligible purchases on the Card within the first 3 months of Card Membership.
$250 for the initial order fee. That's it.
Jan 16, 2023 11:15 PM
509 Comments
Joined May 2018
vndragonslayerJan 16, 2023 11:15 PM
509 Comments
Quote from jplee3 :
lol - his insurance coverage it's fine. It's the other person who doesn't have enough coverage.
he should just go through the claim with his insurance then n let them sue the other party.. he paid for collision/comprehensive.. use it
Jan 16, 2023 11:15 PM
201 Comments
Joined Nov 2016
sm1907Jan 16, 2023 11:15 PM
201 Comments
Whats the current delivery timeline? I ordered on Saturday Noon
Jan 16, 2023 11:17 PM
4.4K Comments
Joined Feb 2010
turns2stoneJan 16, 2023 11:17 PM
4.4K Comments
Quote from sm1907 :
Whats the current delivery timeline? I ordered on Saturday Noon
Depends on the config you ordered, where you live, etc. Could be as soon as 7-10 days.
Jan 16, 2023 11:18 PM
509 Comments
Joined May 2018
vndragonslayerJan 16, 2023 11:18 PM
509 Comments
Quote from fmcfad01 :
Yes, exactly. It's really simple, in one example, you can get up to $7500 back if box #2 on your W2 is $7500 or more. If it's less than $7500, you will get whatever that number is. That's it. It has nothing to do with owing more taxes after you prepare your return like some people keep parroting. It's shocking how complicated all the information out there is when it's relatively simple.
wah.. what if people dont have w2 n use 1099 instead... just use line 24 on 1040 fam... you're making it too complicated for people
Jan 16, 2023 11:18 PM
1.8K Comments
Joined Oct 2009
ti97Jan 16, 2023 11:18 PM
1.8K Comments
So to maximize the deal in CA, you need to make less than 400% of federal poverty and owe at least $7500 in federal tax. How do we do this fellas?

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Jan 16, 2023 11:19 PM
1.7K Comments
Joined Aug 2011
mysqlJan 16, 2023 11:19 PM
1.7K Comments
Quote from TheKingofDeals :
Battery and Drive Unit Limited Warranty

The Battery and Drive Unit in your vehicle are covered for a period of:
Model S
Model X 8 years or 150,000 miles, whichever comes first, with minimum 70% retention of Battery capacity over the warranty period.
Model 3 Rear-Wheel Drive 8 years or 100,000 miles, whichever comes first, with minimum 70% retention of Battery capacity over the warranty period.
Model 3 Long Range
Model 3 Performance
Model Y Long Range
Model Y Performance 8 years or 120,000 miles, whichever comes first, with minimum 70% retention of Battery capacity over the warranty period.

https://www.tesla.com/support/vehicle-warranty
The NCA cells have a 1500 charge cycle lifespan, so good for about 500,000 miles. At the end of life, they are expected to have lost 20% capacity. They will still function however.

Which is to say, if your battery has lost 30% capacity, it's majorly screwed, and not likely to occur unless there is a physical defect. You can't really abuse it enough to make that level of capacity loss unless you're a commercial driver with massive miles under your belt.
Jan 16, 2023 11:20 PM
509 Comments
Joined May 2018
vndragonslayerJan 16, 2023 11:20 PM
509 Comments
Quote from ti97 :
So to maximize the deal in CA, you need to make less than 400% of federal poverty and owe at least $7500 in federal tax. How do we do this fellas?
if you're rich.. $7500 tax cred..
if you're poor.. do clean cars + 7500 cvrp.. get up to $17k off
Jan 16, 2023 11:21 PM
2.4K Comments
Joined Jun 2009
Deal_Breaker2Jan 16, 2023 11:21 PM
2.4K Comments
Quote from TheKingofDeals :
Battery and Drive Unit Limited Warranty

The Battery and Drive Unit in your vehicle are covered for a period of:
Model S
Model X 8 years or 150,000 miles, whichever comes first, with minimum 70% retention of Battery capacity over the warranty period.
Model 3 Rear-Wheel Drive 8 years or 100,000 miles, whichever comes first, with minimum 70% retention of Battery capacity over the warranty period.
Model 3 Long Range
Model 3 Performance
Model Y Long Range
Model Y Performance 8 years or 120,000 miles, whichever comes first, with minimum 70% retention of Battery capacity over the warranty period.

https://www.tesla.com/support/vehicle-warranty
It's interesting that the main screen only has 25K warranty

Touchscreen and Media Control Unit: 2 years or 25,000 miles, whichever comes first
Jan 16, 2023 11:26 PM
535 Comments
Joined Nov 2007
pugxiwawaJan 16, 2023 11:26 PM
535 Comments
Quote from RelaxedLadybug6402 :
If I will order Tesla, in example, at February 25th and will receive my vehicle at March 10th. Still am I eligible for tax credit? What date should be considered as a purchase date: February 25th, date when the VIN number was assigned to me, or the March 10th when I will actually get my car?
When you pick up the car. That's when your final contract is signed.
1
Jan 16, 2023 11:28 PM
2.5K Comments
Joined May 2015
AlexK6706Jan 16, 2023 11:28 PM
2.5K Comments
Quote from ELofLA :
If you need car assit to drive, you should be on the road.
If you need a steering wheel you should not be on the road.
2
Jan 16, 2023 11:29 PM
771 Comments
Joined Dec 2014
JellyBellyMDJan 16, 2023 11:29 PM
771 Comments
Quote from Hawk2007 :
I would never spend $100k for an F-150. You can get a fully loaded three quarter ton for under $100k last time I checked around covid 2020. Diesel engine and all the creature comforts in the cab.
Suggest you also look at the cost of a gallon of diesel. Happily got rid of my F350 dually that got 11 mpg. That's 50 cents a mile. $50K fuel cost for 100k miles.
Jan 16, 2023 11:30 PM
535 Comments
Joined Nov 2007
pugxiwawaJan 16, 2023 11:30 PM
535 Comments
Quote from VLAN101 :
Most of the cards listed are for gas, grocery and travel. What is more confusing is that they say eligible purchase which makes me wonder if Tesla downpayment is eligible or not. I am sure people would have concluded before me so just looking for the suggestion.
Don't bother. Tesla only accepts credit card on $250 ordering fee.

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Jan 16, 2023 11:32 PM
771 Comments
Joined Dec 2014
JellyBellyMDJan 16, 2023 11:32 PM
771 Comments
Quote from clubbingcaveman :
Even though it may appear that all the Model Y's that are < $55k are no longer in inventory, it may be a good idea to check once in a while. I happened to look in my area and found a new 2023 Model Y STANDARD RANGE on the inventory web page. I ordered one. If 270 miles per full charge, and 5s 0-60mph time, is good enough for you, then this may be a good option. Anyway, just wanted to let you know that they still add to the inventory and < $55k could still pop up.
I thought you only charged these to 80%?

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