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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 25, 2023 7:39 AM
103 Comments
Joined Jul 2010
Dogmeat26Jan 25, 2023 7:39 AM
103 Comments
Quote from baggy :
Where are you guys getting financing done?

Tower Federal Credit Union is not an option, anything else?
What's wrong with tower?
Jan 25, 2023 8:03 AM
399 Comments
Joined Nov 2014
EliteDealHunterJan 25, 2023 8:03 AM
399 Comments
Quote from jakuzhi :
For those that did receive their Model Ys already, did it come with mudflaps and PPF? Debating if I should buy it in advance.
Why would it come with mud flaps or PPF?
Jan 25, 2023 8:51 AM
5.2K Comments
Joined Dec 2009
SDSummerDayJan 25, 2023 8:51 AM
5.2K Comments
Quote from foxblur :
I was assigned a Fremont car. Not complaining just trying to understand the differences. I would certainly like the better build quality and matrix LED lights. When I asked the person on the phone they told me Austin factory makes a better unibody. Any comments?
this has been discussed and some has already summarized it

https://teslamotorsclub.com/tmc/t...nt.291961/
Jan 25, 2023 8:56 AM
1.7K Comments
Joined Jan 2010
daonJan 25, 2023 8:56 AM
1.7K Comments
Quote from baggy :
Where are you guys getting financing done?

Tower Federal Credit Union is not an option, anything else?

yeah, cash

dont understand people these days. 7% interest rate on a moving battery they can't afford.
1
Jan 25, 2023 9:11 AM
4.2K Comments
Joined May 2004
abadanJan 25, 2023 9:11 AM
4.2K Comments
Quote from runtohell121 :
Tesla Model 3 Long Range got a price increase as well... Went from $50,990 to $51,490
That's OK, if you are spending over 50 grand on this, what's another $500.
Jan 25, 2023 9:43 AM
148 Comments
Joined Aug 2011
grxnxdosJan 25, 2023 9:43 AM
148 Comments
Quote from baggy :
Where are you guys getting financing done?

Tower Federal Credit Union is not an option, anything else?
Why's that out of curiosity? I'm considering TFCU.
Jan 25, 2023 9:47 AM
148 Comments
Joined Aug 2011
grxnxdosJan 25, 2023 9:47 AM
148 Comments
Quote from Stev3-o :
Anyone know if a Model 3 performance will hold a better resale value over a Model Y long range? Been wanting to get a new tundra or 4runner, but with the crazy dealer markups in California, I'm thinking of getting a M3P to have fun with for a year or so to see if next year the truck market cools down a bit.
If your only bottleneck is the markup and if you're in SoCal, check out Toyota of Anaheim. My brother purchased a Tacoma from them at MSRP a few months ago when markups were at their peak. He was quoted $10-12k over sticker price at neighboring dealerships.

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Jan 25, 2023 12:05 PM
485 Comments
Joined Sep 2013
jakuzhiJan 25, 2023 12:05 PM
485 Comments
Quote from EliteDealHunter :
Why would it come with mud flaps or PPF?
Some 2022 models came with it pre installed
Jan 25, 2023 12:07 PM
68 Comments
Joined Nov 2018
Rockey_bostonJan 25, 2023 12:07 PM
68 Comments
Any recommendations for good financing options, my MYLR is about to deliver in Feb 19- Mar 26th, hopefully don't go over March, looking to shop around some loan pre approvals, also what is best way to sell my old car- Mazda6???
Thanks in Advance!!
Jan 25, 2023 12:12 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsJan 25, 2023 12:12 PM
3.5K Comments
Quote from Dogmeat26 :
What's wrong with tower?
Good luck getting them to respond. I think they are hammered with applications. They still have not processed my membership and its been a week.
Rumor is funding is delayed 30+ days.
Jan 25, 2023 12:45 PM
1K Comments
Joined Mar 2019
CycloneFWJan 25, 2023 12:45 PM
1K Comments
Quote from TheKingofDeals :
Good luck getting them to respond. I think they are hammered with applications. They still have not processed my membership and its been a week.
Rumor is funding is delayed 30+ days.
My loan approval took 6 days, got it yesterday. Membership was also about 6 days. Got that last week. I hadn't thought to apply for both on the same day.

That said, the paperwork I need to send back to Tower for the loan means I'm likely going to pay cash and then refi from them. For many, Tesla provides the vin when the car is ready for pickup and gives you three days. No way od be able to get the form notarized, TFCU process it, and a check overnighted in that timeframe.
Jan 25, 2023 1:03 PM
186 Comments
Joined May 2011
tamukJan 25, 2023 1:03 PM
186 Comments
Quote from CycloneFW :
My loan approval took 6 days, got it yesterday. Membership was also about 6 days. Got that last week. I hadn't thought to apply for both on the same day.

That said, the paperwork I need to send back to Tower for the loan means I'm likely going to pay cash and then refi from them. For many, Tesla provides the vin when the car is ready for pickup and gives you three days. No way od be able to get the form notarized, TFCU process it, and a check overnighted in that timeframe.
Any other options for car loans with lowest rates?
Jan 25, 2023 1:10 PM
22 Comments
Joined Aug 2018
xshinsooJan 25, 2023 1:10 PM
22 Comments
Quote from jakuzhi :
For those that did receive their Model Ys already, did it come with mudflaps and PPF? Debating if I should buy it in advance.
Yes u get mud flap in the front only and PPF in a small section on the side near the rear door on both side only.
Jan 25, 2023 1:17 PM
78 Comments
Joined Dec 2011
Explorer3253Jan 25, 2023 1:17 PM
78 Comments
Tower was pretty efficient for me so far although I did have to call in and speak to them. They were extremely pleasant and helped move things along. I applied for both last week, and my check should be dispersed today.

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Jan 25, 2023 1:35 PM
68 Comments
Joined Nov 2018
Rockey_bostonJan 25, 2023 1:35 PM
68 Comments
Quote from Rockey_boston :
Any recommendations for good financing options, my MYLR is about to deliver in Feb 19- Mar 26th, hopefully don't go over March, looking to shop around some loan pre approvals, also what is best way to sell my old car- Mazda6???
Thanks in Advance!!
?????

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