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expiredMurraytheDemonSkull posted Jan 13, 2023 04:18 AM
expiredMurraytheDemonSkull posted Jan 13, 2023 04:18 AM

2023 Tesla Model Y + $7,500 Federal Tax Credit

(For Qualifying Buyers)

$52,990

$52,990

12,285 Comments 2,618,966 Views
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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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Top Comments

TofuVic
19698 Posts
27789 Reputation
If anyone is interested in hard numbers to figure out how much less expensive it is now compared to Tesla's best deal of 2022 - $7,500 discount with 10,000 free Supercharger miles - I bought a Tesla Model Y Long Range 7-Seater with white interior in late December 2022.

Excluding taxes and fees, I paid $63,940. It's now $59,630, which is $4,310 less, and it is eligible for the $7,500 tax credit. That means if I didn't buy it in December and bought it today, I would have saved $11,810 + sales tax, so a bit over $12,000 in savings I missed. (I got 10,000 Supercharger miles, which is worth somewhere between $500 and $1,000.) With taxes and fees, I paid $71,578.55 in total.

For those who do order, I recommend this Tesla Prep guide [glideapp.io] to check for build quality issues on delivery day.

I hope this helps,
Tofu Vic
oceanone
1290 Posts
286 Reputation
Tesla plans to add a new radar product to its vehicles in mid-January, according to documents posted with the Federal Communications Commission.

The disclosure, which was first reported by Electrek, comes as the company faces scrutiny over the safety and capabilities of its standard advanced driver assistance system known as Autopilot and the $15,000 optional upgraded product branded as "Full Self-Driving." Tesla FSD beta software offers some automated driving features but is not a self-driving system.

The luxury EV-maker has long claimed it could reach full autonomy through a "vision only" approach that shuns other sensors like lidar and radar in favor of cameras and a deep neural network that quickly processes a vehicle's surroundings and responds in real time. Tesla CEO Elon Musk previously promised to "solve" full self-driving by the end of this year (he's also promised Tesla would get there every year for roughly nine years now). He has recently admitted the problem will take longer to solve.

And perhaps, as every other autonomous vehicle technologist says, it's not actually achievable yet through cameras alone.

The company began removing radar from its vehicles last May. In October, Tesla removed its 12 ultrasonic sensors from Model 3 and Model Y vehicles built for North America, Europe, the Middle East and Taiwan. Ultrasonic sensors measure distance via ultrasonic waves and are used as proximity sensors to support anti-collision safety systems, particularly in parking use cases.

Now it appears radar is back. It's not yet clear which models will get the new radar. The type of radar Tesla intends to market next year is of a frequency that's allocated by the FCC for ADAS use cases, according to Ram Machness, chief business officer at Arbe Robotics, which produces ultra-high-resolution 4D imaging radar.

Tesla had originally filed with the FCC to use the new radar — which is described in filings as "76-77 GHz Automotive Radar" — in its vehicles back in June.

"From the frequency of operation (76-77GHz) as well as the mechanical design of the sensor from Tesla's FCC filing, it appears that this radar would be utilized in ADAS applications," Steven Hong, VP and general manager of radar technology at semiconductor company Ambarella, told TechCrunch.

He noted that while the performance of this "edge" radar sensor will be limited, it's a positive development that Tesla is looking to add radar to its perception stack for safety-critical, robust performance.

Earlier this year, the FCC had granted a confidential treatment to Tesla in order to keep the details of the new radar under wraps. Late last month, Tesla applied to extend that confidentiality treatment another 60 days from its date of expiration, which is December 7.

i hope this answers your question
AkumaX
13111 Posts
2952 Reputation
edit: ACTUAL LINK TO DEAL https://www.tesla.com/modely/design (SD's link goes to existing inventory page)
Wayback Machine if anyone wants to do some research: https://web.archive.org/web/20220...ely/design

I'll throw out some notable 'milestones' , focusing only on the Model Y LR base model:

* Feb 2021 - $49,000 - Roughly the lowest price for the Y LR (not including the SR @ $42k)
From this point forward, Tesla started increasing the price about $1-2 every month or so, until it peaked out at $66,000. Ex:
* May 2021 - $51,000
* July 2021 - $53,000, etc...
* Feb 2022 - $59,000, etc...
* July 2022 - $66,000 <-- peak
* Dec 1 2022 - $66,000 (-$3750 credit/refund)
* Dec 15 2022 - $66,000 (-$7500 credit/refund)
* Jan 1 2023 - $66,000 back to peak (-$7500 fed tax credit only on 7-seater)
* Jan 13 2023 - $53,000 (-$7500 fed tax credit on base model + 7-seater but not performance)
* Jan 23 2023 - $53,500 (-$7500 fed tax credit on base model + 7-seater but not performance)
* Feb 4 2023 - $55,000 (-$7500 fed tax credit on all models)

12,284 Comments

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Pro
Jan 26, 2023 07:44 PM
396 Posts
Joined May 2018
MaroonCircle6262
Pro
Jan 26, 2023 07:44 PM
396 Posts
Quote from Travis64 :
Im going to have to refinance with tower
Will it still be 2.99 for 60?
When is your final delivery scheduled ?
1
Jan 26, 2023 07:44 PM
68 Posts
Joined Sep 2010
blackduck08Jan 26, 2023 07:44 PM
68 Posts
All. I'm still confused why we have to send a specific power of attorney to get the loan with Tower. Other lenders don't do that. Does anyone else have concerns on having to do a power of attorney for the auto loan?
Jan 26, 2023 07:46 PM
68 Posts
Joined Sep 2010
blackduck08Jan 26, 2023 07:46 PM
68 Posts
All, I'm still confused why we have to send a specific power of attorney to get the loan with Tower. Other lenders don't do that. Anyone else concerned that power of attorney is needed for the auto loan?
Pro
Jan 26, 2023 07:48 PM
396 Posts
Joined May 2018
MaroonCircle6262
Pro
Jan 26, 2023 07:48 PM
396 Posts
Quote from TheKingofDeals :
Wow how long after pre-approval and providing the requested documents notarized has it been?
I am hoping they can get mine paid within the Feb10-17 ETA Tesla gave.
They checked my credit.. I dont have preapproval it says pending.. When i called them they said underwriter is reviewing i applied last week on tuesday..no updates since than .. CS says they backed up as hell

I think you will be good man you are way ahed than me.CS did said you need to be member for loan so checking/savings account need to be opened to settle loan down. Not exactly sure but thats what she said


Tesla loan was all done in 10mins.. Tfcu is nightmare looks like
Last edited by MaroonCircle6262 January 26, 2023 at 12:52 PM.
Jan 26, 2023 07:48 PM
509 Posts
Joined May 2018
vndragonslayerJan 26, 2023 07:48 PM
509 Posts
Quote from dealhunt_101 :
Or 3 2018 Corollas, or 4 2012 Corollas... or 500 bikes from Walmart. All equally useless comparisons.
these are all terrible alternatives.. walking is better and financially the best option.. doesn't cost anything to walk/charge/fill/maintenance
3
Jan 26, 2023 07:49 PM
1,015 Posts
Joined Mar 2019
CycloneFWJan 26, 2023 07:49 PM
1,015 Posts
Quote from blackduck08 :
All. I'm still confused why we have to send a specific power of attorney to get the loan with Tower. Other lenders don't do that. Does anyone else have concerns on having to do a power of attorney for the auto loan?
I've had plenty of lenders ask me for this. It allows them to complete any paperwork with the DMV without involving you anymore. Otherwise, you may need to sign off on the lien to the title and this streamlines that for them. Remember that Tower is a small credit union in MD, so they are most familiar with MD requirements.
Jan 26, 2023 07:50 PM
509 Posts
Joined May 2018
vndragonslayerJan 26, 2023 07:50 PM
509 Posts
Quote from foxblur :
I have my insurance agent checking other companies. Currently I'm with progressive and I pay $254/6mo for $500ded 300k/300k. When she added the MYLR my rate went to $715/6mo lol. Near 3 fold increase…
of course its going to increase.. your rust bucket 97 corolla is worth nothing
2

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Jan 26, 2023 07:51 PM
509 Posts
Joined May 2018
vndragonslayerJan 26, 2023 07:51 PM
509 Posts
Quote from norcal007 :
Now compare a 2023 Corolla Hybrid at base $23,000 which has more interior room, that gets 54mpg and your numbers fail big time. Fact one could buy two Corolla's for the price of the Tesla 3.
should start an ice corolla deal at msrp thread
2
Jan 26, 2023 07:51 PM
1,623 Posts
Joined Apr 2016
BT-7274Jan 26, 2023 07:51 PM
1,623 Posts
Quote from NewSDGuy123 :
Has anyone applied for auto loan and got approved with Tower FCU who is not U.S. citizen or permanent resident alien?
Their website said active military and civilian employees. Civilian citizens and aliens probably don't qualify.
Did you try contacting them?
Jan 26, 2023 07:59 PM
4 Posts
Joined Jan 2023
NewSDGuy123Jan 26, 2023 07:59 PM
4 Posts
Quote from Nachiketkc :
Their website said active military and civilian employees. Civilian citizens and aliens probably don't qualify.
Did you try contacting them?
Yes, they confirmed that only U.S. citizen or permanent resident alien qualify to become member and even to open checking/savings account.
Jan 26, 2023 08:11 PM
4 Posts
Joined Jan 2023
NewSDGuy123Jan 26, 2023 08:11 PM
4 Posts
Quote from TealCabbage907 :
Got my VIN today , Atl GA
I ordered on 01/15 at around 9am but still no VIN, TMY with no added options, ATL, GA. I am curious, when did you order and what model/options?
Jan 26, 2023 08:11 PM
605 Posts
Joined Nov 2020
rajeshDaJan 26, 2023 08:11 PM
605 Posts
I got loan approved from towerfcu. But they are asking me to become member. When I go online I dont see how I am eligible to become a member.
Jan 26, 2023 08:12 PM
4,332 Posts
Joined Apr 2012
twoweeledJan 26, 2023 08:12 PM
4,332 Posts
Quote from sam012007 :
4.99% is what I got, .50 off for being their premium member, and .25 off for buying EV.
I am looking all over for qualifications or requirements for Premium member. I only have maybe $1K in savings there. I do have a loan with them. Is there any charge for being a premium member?
I funded a premium savings account with $1K. Sadly, I see nothing about car loan advantages. Just a bit higher interest rate. When I called PenFed, they said NOTHING
about EV discounts or premium members. Thanks for the info. I'll give them a call later about this. My car still hasn't shown up. I ordered on the 16Th.
Last edited by twoweeled January 26, 2023 at 01:28 PM.
Jan 26, 2023 08:17 PM
162 Posts
Joined Jan 2008
8803809Jan 26, 2023 08:17 PM
162 Posts
Quote from rajeshDa :
I got loan approved from towerfcu. But they are asking me to become member. When I go online I dont see how I am eligible to become a member.

make a $35 donation just like their website mentioned, then you should be golden.

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Jan 26, 2023 08:19 PM
315 Posts
Joined Sep 2007
OstrykerJan 26, 2023 08:19 PM
315 Posts
Quote from jakuzhi :
Are you able to delete the account information after making the purchase? I don't want it to remain there.
I haven't tried it yet.

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