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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 26, 2023 2:02 PM
771 Comments
Joined Dec 2014
JellyBellyMDJan 26, 2023 2:02 PM
771 Comments
Tesla's Autopilot, which at its core combines lane keeping assist with traffic aware cruise control to help guide a car down a highway, was once groundbreaking technology.

But today more than half of new vehicles are available with similar advanced driver assistance systems, or ADAS. And in a recent ranking by Consumer Reports, which tested ADAS from 12 different carmakers, Tesla's ranked seventh.

The best such system, according to Consumer Reports, is Ford's BlueCruise.

In addition to Ford's system, ADAS technology from General Motors, Mercedes-Benz, BMW, Toyota, and Volkswagen all ranked higher than Tesla's.

These include systems offered by luxury brands like GM's Cadillac, Toyota's Lexus and VW's Audi. The system offered by Hyundai, Kia and Genesis, three closely related South Korean car brands, received the lowest score in Consumer Reports' testing.

https://www.cnn.com/2023/01/25/bu...index.html


Haters gonna hate.
2
Jan 26, 2023 2:03 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsJan 26, 2023 2:03 PM
3.5K Comments
Quote from IndiaPaleAle :
Big open today for Tesla, who didn't see this coming... Roll Eyes (Sarcastic)
Come stock got to the moon! laugh out loud
Jan 26, 2023 2:05 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsJan 26, 2023 2:05 PM
3.5K Comments
Quote from mattymsu25 :
Weeks to process an auto loan? Now 'that' sounds like a financial institution I can rely on!
When they are giving rates lower than most savings accounts and then being a smaller CU on top of being bombarded by SD Telsa buyers what did you expect ?
Jan 26, 2023 2:10 PM
8.9K Comments
Joined May 2007
diavolo33Jan 26, 2023 2:10 PM
8.9K Comments
For anyone interested:

Tesla Warns of Uncertainties as It Posts Record Profit

https://www.wsj.com/articles/tesl...1674617368
Jan 26, 2023 2:15 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsJan 26, 2023 2:15 PM
3.5K Comments
I spoke to soon on Towers delays. Looks like my Tower loan got preapproved. Does anyone know where I get these documents?

In order to finalize your approval, please provide the following:

Purchased order, including VIN.
and
Original Notarized Specific Power of Attorney signed by all proposed title holders.
Jan 26, 2023 2:28 PM
162 Comments
Joined Jan 2008
8803809Jan 26, 2023 2:28 PM
162 Comments
Quote from TheKingofDeals :
I spoke to soon on Towers delays. Looks like my Tower loan got preapproved. Does anyone know where I get these documents?

In order to finalize your approval, please provide the following:

Purchased order, including VIN.
and
Original Notarized Specific Power of Attorney signed by all proposed title holders.
Go to your favorite bank and they can notarize anything you want.Applause
Jan 26, 2023 2:40 PM
405 Comments
Joined May 2018
MaroonCircle6262Jan 26, 2023 2:40 PM
405 Comments
Quote from TheKingofDeals :
It may say complete but they will likely ask you to submit insurance proof again showing you added the car to your insurance policy. See the 2nd Line says Must include " VIN of Your New Tesla" I'll just take a picture of my current one like you said just to get the box check though thanks!
I use geico buddy i can add anytime from my app.. if they need ins at time of delivery but if app says complete i dont think sales will ask since it will be on app.. I am holding to add in ins because i want to check the quality and checklist before putting it and then cancelling so..

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Jan 26, 2023 2:42 PM
405 Comments
Joined May 2018
MaroonCircle6262Jan 26, 2023 2:42 PM
405 Comments
Quote from TheKingofDeals :
I spoke to soon on Towers delays. Looks like my Tower loan got preapproved. Does anyone know where I get these documents?

In order to finalize your approval, please provide the following:

Purchased order, including VIN.
and
Original Notarized Specific Power of Attorney signed by all proposed title holders.
You get power of attroney once you pick up and start driving car if you need from dealer ..Rofl
Last edited by MaroonCircle6262 January 26, 2023 at 06:45 AM.
Jan 26, 2023 3:06 PM
1K Comments
Joined Mar 2019
CycloneFWJan 26, 2023 3:06 PM
1K Comments
Quote from TheKingofDeals :
I spoke to soon on Towers delays. Looks like my Tower loan got preapproved. Does anyone know where I get these documents?

In order to finalize your approval, please provide the following:

Purchased order, including VIN.
and
Original Notarized Specific Power of Attorney signed by all proposed title holders.
You get the Motor Vehicle Purchase Agreement (MVPA) from the Tesla website (not app) after you've been assigned a ViN. The PoA is available in the docs section of Tower's Loan Status page and you will need to print it out, add any missing details, sign, notarize, and mail it to Tower.
Jan 26, 2023 3:17 PM
1.4K Comments
Joined Oct 2017
techie_reviewJan 26, 2023 3:17 PM
1.4K Comments
Quote from 8803809 :
think positive, at least you get half of the 7500 credit.
How do you know though ? ....
1
Jan 26, 2023 3:34 PM
162 Comments
Joined Jan 2008
8803809Jan 26, 2023 3:34 PM
162 Comments
Quote from techie_review :
How do you know though ? ....
it's on the IRS website, q1 7500, q2 &q3 3750...
Jan 26, 2023 3:35 PM
1.4K Comments
Joined Oct 2017
techie_reviewJan 26, 2023 3:35 PM
1.4K Comments
Quote from 8803809 :
it's on the IRS website, q1 7500, q2 &q3 3750...
ohhh gotcha but the dates are unconfirmed so lets see i will most likely cancel if i dont get delivery before march or before they change the requirements
Jan 26, 2023 3:41 PM
15.4K Comments
Joined Sep 2009
KnightshadeJan 26, 2023 3:41 PM
15.4K Comments
Quote from JellyBellyMD :
Tesla's Autopilot, which at its core combines lane keeping assist with traffic aware cruise control to help guide a car down a highway, was once groundbreaking technology.

But today more than half of new vehicles are available with similar advanced driver assistance systems, or ADAS. And in a recent ranking by Consumer Reports, which tested ADAS from 12 different carmakers, Tesla's ranked seventh.

Mind you- it ranked 9 points out of 10 in actual functionality.

It got dinged in overall ranking because it wasn't doing enough nannying of the driver.

CR even made a point of painting the fact Teslas system works in far more places as a negative because the dumb driver might turn it on in the wrong place--- while much more babying systems like Fords just won't activate anywhere except specific highways.
Jan 26, 2023 3:48 PM
18 Comments
Joined Feb 2015
hungvoivanJan 26, 2023 3:48 PM
18 Comments
Hi All. I see lowest price for model Y is $56,490. Looks like Tesla increase their prices and no longer eligible for $7500 tax credit?

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Jan 26, 2023 3:49 PM
64 Comments
Joined May 2013
VishalV9046Jan 26, 2023 3:49 PM
64 Comments
Hi, is there an extra ev state rebate for Texas?

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