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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 9:13 PM
771 Comments
Joined Dec 2014
JellyBellyMDJan 30, 2023 9:13 PM
771 Comments
Quote from mtx1212 :
Model "B"
Tesla Ultra Reduced Design TURD
Jan 30, 2023 9:14 PM
4.4K Comments
Joined Apr 2012
twoweeledJan 30, 2023 9:14 PM
4.4K Comments
Quote from JellyBellyMD :
I view expecting no problems as a sign of quality. I view expecting issues as a lack of quality and where most Tesla buyers seem to be by the comments they leave.
Isn't there some sort of checklist being shared to help buyers identify all the issues they can expect? C'mon man...

Item 1. Doors open
Item 2. Doors close
Item 3. Windshield is sealed
Item 4. All 4 wheels are the same size and match

etc................
That's the way you view it. That's your prerogative. I don't. I see expecting no problems as Pollyanna. Look at the new Tundra for example. No one expecting issues from Tundra. Surprise! Even MB and Porsche sometimes have issues. Part of the reason they rate so high is because they are quick to rectify any and all problems. There appears to be a list for Tesla from what I've read, and there "should" be a list for all new automobiles.
And maybe you forgot. The person you responded to was someone who picked up their new Tesla and found no problems! You viewed that as a bad thing because he was checking and found nothing. That was a huge stretch on your part.
Jan 30, 2023 9:15 PM
1.7K Comments
Joined Nov 2006
sidewinder33625Jan 30, 2023 9:15 PM
1.7K Comments
Quote from JellyBellyMD :
Tesla Ultra Reduced Design TURD
wow didn't expect that one coming lol...nice going.
1
Original Poster
Jan 30, 2023 9:16 PM
676 Comments
Joined Mar 2010
MurraytheDemonSkull
Original Poster
Jan 30, 2023 9:16 PM
676 Comments
Quote from mtx1212 :
Model "B"
Usually the cheap models are named "C"
Jan 30, 2023 9:20 PM
4.4K Comments
Joined Apr 2012
twoweeledJan 30, 2023 9:20 PM
4.4K Comments
Quote from thinh4u2 :
Process was slow, took like 1-2 weeks or so. Applied to a few credit unions and have not even heard back from the others lol.
Yes, I was looking at reviews for USSFCU. Not real good. It was a low rate though. I'm "had" a super sweet time with PenFed, but their rates are not competitive this time around.
Thanks again for the update. Good luck.
Jan 30, 2023 9:21 PM
3.7K Comments
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Jan 30, 2023 9:21 PM
3.7K Comments
Quote from KingCoop :
Okay now do Ford total sales vs Tesla total sales. We all know it's only a matter of time before numbers shift. I like Tesla's just like the next person, but let's not be unrealistic here. They have first movers advantage but it won't last for decades when all the main players are EV as well. Just comes with the business.
Def won't last for decades though I have been on $F Lightning waiting list for 19mo with no end in sight, a gazillion price hikes in meantime.
1
Jan 30, 2023 9:22 PM
771 Comments
Joined Dec 2014
JellyBellyMDJan 30, 2023 9:22 PM
771 Comments
Quote from sidewinder33625 :
wow didn't expect that one coming lol...nice going.
They said it, I just spelled it out....

To achieve a reduction of cost as high as 50% (undefined in details, but probably related to hardware/production), Tesla would probably have to apply many new technologies to simplify everything possible. Another thing would be the production of millions of units annually.

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Jan 30, 2023 9:26 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsJan 30, 2023 9:26 PM
3.5K Comments
My delivery date updated to Feb 4th to 13th now about week earlier than expected. Doesn't look like GCCU or Tower is moving fast enough and I may just have to do Tesla Finance and Refi later. For the down payment am I required to do the plaid connection to my bank account? I was planning on bring a cashiers check for the down payment / remainder.
Jan 30, 2023 9:28 PM
4.4K Comments
Joined Feb 2010
turns2stoneJan 30, 2023 9:28 PM
4.4K Comments
Quote from TheKingofDeals :
My delivery date updated to Feb 4th to 13th now about week earlier than expected. Doesn't look like GCCU or Tower is moving fast enough and I may just have to do Tesla Finance and Refi later. For the down payment am I required to do the plaid connection to my bank account? I was planning on bring a cashiers check for the down payment / remainder.
I'm in Texas, so the rules might be a little different. But both times I bought my Teslas, they don't accept any payment at day/time of delivery. It needs to be electronic payment received ahead of delivery.
Jan 30, 2023 9:35 PM
254 Comments
Joined Jun 2011
dilbert007Jan 30, 2023 9:35 PM
254 Comments
Quote from sidewinder33625 :
b s 3 x y Wink
More like S3XY- B - Ohio version
1
Jan 30, 2023 9:46 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsJan 30, 2023 9:46 PM
3.5K Comments
Quote from turns2stone :
I'm in Texas, so the rules might be a little different. But both times I bought my Teslas, they don't accept any payment at day/time of delivery. It needs to be electronic payment received ahead of delivery.
From Tesla site it says cashier's check accepted
https://www.tesla.com/support/ordering#payment

Payment and Fees
What are the accepted methods of payment?
Your balance must be paid in full before you will be able to drive off with your new Tesla vehicle. Confirm your method of payment with your Tesla representative prior to your Delivery Day.

Final payment is currently accepted via:

Electronic check (direct debit) in the Tesla app
Wire transfer
Bank-certified check (your reference number and name must be in the memo line)
Note: Credit cards are only accepted for the initial order fee.

Can final payment be made from more than one account?
Final payment can be made from only one account.
Jan 30, 2023 9:55 PM
4.4K Comments
Joined Apr 2012
twoweeledJan 30, 2023 9:55 PM
4.4K Comments
Quote from happens31 :
Was reading a lot of negative reviews about this CU. I do like the lower interest compared to what Penfed pre-approved me for but going this route scares me with the waiting any another credit inquiry for the loan.
I just got off the phone with penfed. Sadly their interest rate isn't very good. It's higher than Tesla's rate, which I find out now it's Wells Fargo. What rate are you getting from PenFed? I read from someone here stating he had a 4% rate because it's an EV. I was told they have no different rate for EV at PenFed.
Jan 30, 2023 10:06 PM
485 Comments
Joined Sep 2013
jakuzhiJan 30, 2023 10:06 PM
485 Comments
Quote from TheKingofDeals :
From Tesla site it says cashier's check accepted
https://www.tesla.com/support/ordering#payment

Payment and Fees
What are the accepted methods of payment?
Your balance must be paid in full before you will be able to drive off with your new Tesla vehicle. Confirm your method of payment with your Tesla representative prior to your Delivery Day.

Final payment is currently accepted via:

Electronic check (direct debit) in the Tesla app
Wire transfer
Bank-certified check (your reference number and name must be in the memo line)
Note: Credit cards are only accepted for the initial order fee.



Can final payment be made from more than one account?
Final payment can be made from only one account.
Only item I can add to this is for the cashier's check we didn't have anything in the memo line and it was accepted without issue.
Jan 30, 2023 10:14 PM
1K Comments
Joined May 2012
XDark_FenixXJan 30, 2023 10:14 PM
1K Comments
Anyone know if it's possible to get the demo models and qualify for the tax credit? There's 2022 performance models for <$55k but they don't show the tax discount

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Jan 30, 2023 10:17 PM
429 Comments
Joined Aug 2018
MawsuJan 30, 2023 10:17 PM
429 Comments
Quote from XDark_FenixX :
Anyone know if it's possible to get the demo models and qualify for the tax credit? There's 2022 performance models for <$55k but they don't show the tax discount
it is the MSRP - not the purchase price.

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