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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 30, 2023 7:22 AM
29 Comments
Joined Aug 2013
ERinDFWJan 30, 2023 7:22 AM
29 Comments
I know it's been asked before but it was not answered fully. We do know that the 55k price max for the tax credit excludes destination fee but does it also exclude the 250 order fee. On the government site it says, "MSRP is the retail price of the automobile suggested by the manufacturer, including options, accessories and trim but excluding destination fees. It isn't necessarily the price you pay." Are we all assuming that all other fees including order fee is also excluded? Sorry to keep asking this question.
Jan 30, 2023 8:28 AM
677 Comments
Joined Apr 2007
happens31Jan 30, 2023 8:28 AM
677 Comments
Quote from phocean :
You have to do it in two steps, for most people here at lease.

1. Go to the Tower Care foundation to donate at least $35 which makes you to become a member of Tower Care.

2. Then go to Tower FCU website to apply for membership. In the eligibility section, selected "I am a member..." and choose Tower Care foundation membership in the drop down menu.
Which credit bureau do the pull from to open the account and loan?
Jan 30, 2023 9:54 AM
509 Comments
Joined May 2018
vndragonslayerJan 30, 2023 9:54 AM
509 Comments
Quote from mychaelp :
The car is not $37k for me. I don't get the tax credit.
But yes, it's a great deal for those who make more money and owe that much tax after all other tax deductions.
stick to rust bucket 97 civic with no parking sensors or heat pump problem.. enjoy the smell too
1
Jan 30, 2023 10:00 AM
185 Comments
Joined Oct 2013
AntoPJan 30, 2023 10:00 AM
185 Comments
Will leasing the car qualify for the IRS $7500 credit ?
Jan 30, 2023 12:01 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsJan 30, 2023 12:01 PM
3.5K Comments
Quote from dtwizzy :
That's what I thought too but I asked somebody at a different car dealership and they said it's not any cheaper if you give the registration of your old plates to Tesla.

Hopefully somebody can confirm
The plate fees are set by state DMV and not Tesla. Generally its cheaper to transfer existing plates to vehicle then to get new plates, YMMV by state. I may just need to reach out to Tesla and let them know I need to transfer my existing plates to the Tesla since the app no longer lets me change this.
Jan 30, 2023 12:09 PM
5.1K Comments
Joined Aug 2006
hugeJan 30, 2023 12:09 PM
5.1K Comments
Quote from BelaS :
What is your friend looking for specifically? Kind of hard to give a "best" option.

They can choose any configuration of a model 3, a long range model y 5 or 7 seater. Of the two cars (3, y) eligible, only the MY performance is not eligible. But again, depends on what they want.

If they're thinking of a model 3, I'd suggest looking at teslas own used inventory. That has come down in price a good bit. Used Y seems to not be much of a savings over new plus tax credit yet.
I guess I'm just asking if there's a better car for $45k than the model 3 or Y.
Jan 30, 2023 12:11 PM
5.1K Comments
Joined Aug 2006
hugeJan 30, 2023 12:11 PM
5.1K Comments
So does anyone know if there's a better car for $45k than these 2?

There's a lot of nonsense discussion comparing apples to oranges.

Is there a better car for $45k (assuming I'm talking only to those that qualify for full rebates)?

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Jan 30, 2023 12:39 PM
1.7K Comments
Joined Mar 2006
ilikeallofuJan 30, 2023 12:39 PM
1.7K Comments
Quote from huge :
So does anyone know if there's a better car for $45k than these 2?

There's a lot of nonsense discussion comparing apples to oranges.

Is there a better car for $45k (assuming I'm talking only to those that qualify for full rebates)?
I made the decision cause of this… I couldn't find anything for this price range for an EV, with good range and decent charging infrastructure.
Jan 30, 2023 12:42 PM
1.7K Comments
Joined Mar 2006
ilikeallofuJan 30, 2023 12:42 PM
1.7K Comments
Quote from ERinDFW :
I know it's been asked before but it was not answered fully. We do know that the 55k price max for the tax credit excludes destination fee but does it also exclude the 250 order fee. On the government site it says, "MSRP is the retail price of the automobile suggested by the manufacturer, including options, accessories and trim but excluding destination fees. It isn't necessarily the price you pay." Are we all assuming that all other fees including order fee is also excluded? Sorry to keep asking this question.
Yes, order fee is also excluded
Jan 30, 2023 1:26 PM
1K Comments
Joined Mar 2019
CycloneFWJan 30, 2023 1:26 PM
1K Comments
Quote from NavLord :
Same here.. I placed order on 14th. Shows same delivery estimate and no VIN assigned yet. I'm in NJ.

Everytime I open app to see status I feel they should show progress like pizza shop.. yYour car is getting painted... Lol
They used too. It was manually set by folks in HQ and wasn't feasible as a manual process as Tesla got larger. They decided to nix it vs. automating it sadly.
Jan 30, 2023 1:48 PM
3K Comments
Joined Apr 2004
dhishiJan 30, 2023 1:48 PM
3K Comments

Our community has rated this post as helpful. If you agree, why not thank dhishi

Price War has started. Ford has slashed its Mach-E price by $6K. I will wait & see where this goes. Lve the competition that benefits us!
1
Jan 30, 2023 2:08 PM
345 Comments
Joined Nov 2009
ezrider2009Jan 30, 2023 2:08 PM
345 Comments
For folks calling nearest Tesla locations to attach an existing inventory car to your order, how is that working out? Are you getting flat out rejected or do they just do it once you request? Please share your experiences and tricks if any to get this to work. I could not get this to work and any help is appreciated.
Jan 30, 2023 2:09 PM
3.5K Comments
Joined Jan 2011
toromacJan 30, 2023 2:09 PM
3.5K Comments
Quote from dhishi :
Price War has started. Ford has slashed its Mach-E price by $6K. I will wait & see where this goes. Lve the competition that benefits us!
Yeah Im waiting for the hyundai ioniq 5 to price slash so can buy one for the wife. Im happy with my tesla MYP til the cybertruck is released. Luckily Im number 12k on the reservation list
Jan 30, 2023 2:10 PM
873 Comments
Joined Apr 2010
KingCoopJan 30, 2023 2:10 PM
873 Comments
Quote from happens31 :
Which credit bureau do the pull from to open the account and loan?
TransUnion

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Jan 30, 2023 2:13 PM
873 Comments
Joined Apr 2010
KingCoopJan 30, 2023 2:13 PM
873 Comments
Quote from toromac :
Yeah Im waiting for the hyundai ioniq 5 to price slash so can buy one for the wife. Im happy with my tesla MYP til the cybertruck is released. Luckily Im number 12k on the reservation list
Unless inventories and backlog improve, you'll likely be waiting a while for the Ioniq 5 to drop in price. Given the accolades it won last year from numerous reviewers and Hyundai / South Korea pleading with the US to make changes to the restrictions in place… who knows if they'll slash prices.

Limited versions of the Ioniq 5 are hard to come by and wait lists are 5-8 months in custom build. SEL models are starting to be available in local inventories. SE models are readily available.

Dealerships are starting to sell at MSRP instead of doing stupid market adjustments. Depending on your negotiating skills, one might be able to get them to go slightly below MSRP for SE and SEL models. Especially RWD.

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