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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 31, 2023 3:44 PM
4.4K Comments
Joined Apr 2012
twoweeledJan 31, 2023 3:44 PM
4.4K Comments
Quote from MoisesA7010 :
so there is still a chance. Imagine if they add it and the fed just doesnt change anything after march.
so lower price - $7500 tax credit - $7500 CVRP for CA
then its no question to purchase
I was wondering about that exact thing. What if the Fed doesn't change a thing? ie People can continue to order, receive and get the $7500 credit throughout the year.
Jan 31, 2023 3:44 PM
2.1K Comments
Joined Sep 2022
norcal007Jan 31, 2023 3:44 PM
2.1K Comments
Quote from MadPup :
Here's Why Tesla Car Values Have Dropped So Fast
https://www.youtube.com/watch?v=GT-9_As6qq4
Cost of insurance is going UP. https://www.caranddriver.com/news...s-expense/
Jan 31, 2023 3:48 PM
1K Comments
Joined Mar 2019
CycloneFWJan 31, 2023 3:48 PM
1K Comments
Quote from foxblur :
I'm still waiting on my membership approval. Should I upload my Social Security card and two utility bills preemptively? I've followed this thread since page 1 and this is the first I've read about issues with Tower other than their speed.
Likewise, today is the first I heard any problem about them except speed.
Jan 31, 2023 3:51 PM
4.4K Comments
Joined Apr 2012
twoweeledJan 31, 2023 3:51 PM
4.4K Comments
Quote from thinh4u2 :
Thanks!
I was pursuing a loan with that credit union. I changed my mind after communication issues. At least at my branch. You cannot call into your branch. You have to call into a call center (probably Florida) and they'll communicate with your local branch for you. Stupid, but true at my branch (YMMV). Then they put a 5 day hold on Cashiers Check from Citi Bank! It was going into a 15 month CD! 5 day hold on a bank check? Then trying to talk to anyone was just too much hassle. I'm waiting for the check to clear, so I can close the account: bounce: I can't even close the account because the cashiers check is still on hold till tomorrow night! I think they received it last Wednesday. But maybe your loan will be smooth? If it isn't, good luck with communicating.
Jan 31, 2023 3:53 PM
928 Comments
Joined Jul 2016
mike312Jan 31, 2023 3:53 PM
928 Comments
Quote from turns2stone :
I don't think Tesla is the actual lender. When you start the process through the app, they eventually direct you to a partner lender. The first time I did it, was Alliant CU. The next time was Wells Fargo. It all goes through the Tesla app. It's always been smooth for me.
Surprised they didn't do credit check,I didn't see any credit inquiry. I did from Tesla and lender is WF as well
Jan 31, 2023 3:53 PM
501 Comments
Joined Feb 2012
Mikey122687Jan 31, 2023 3:53 PM
501 Comments
For Tower CU, how do you get Original Notarized Specific Power of Attorney signed by all proposed title holders.?
Jan 31, 2023 3:56 PM
4.4K Comments
Joined Apr 2012
twoweeledJan 31, 2023 3:56 PM
4.4K Comments
Quote from toromac :
This thread is now full of poor people talking about loans. I thought this was slickdeals. Car loans are not a slickdeal. If you can't afford to pay cash, you probably can't afford the car and need to reassess your life choices. Especially with a recession on the horizon. FYI only home loans and student loans are reasonable loans. Otherwise you're doomed to stay poor. I wonder how many repos we are going to see in 2024. Maybe 2024 will be the year of the car loan crisis like 2008 for the housing crisis. And that will be sight to behold
Being able to afford to pay cash is of course a good thing. Paying cash because you can is for those who don't know how to manage money. You may wanna speak to someone about handling money correctly if that's what you do. Just a thought.

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Jan 31, 2023 3:57 PM
25.2K Comments
Joined Jul 2007
ReboundJan 31, 2023 3:57 PM
25.2K Comments
Quote from norcal007 :
This Nick guy got suspended again. So do you also avoid anything made in Germany too? BMW and MB? Your reason to not buy a Tesla is convoluted.
I don't hold people guilty by virtue of their race or nationality.
Jan 31, 2023 3:59 PM
4.4K Comments
Joined Apr 2012
twoweeledJan 31, 2023 3:59 PM
4.4K Comments
Quote from cheapodeal :
Is this only for US Senate members/family?

Nevermind. Found following info in previous post:
Seems like you should be able to do it for free.

https://www.ussfcu.org/about-us/join-ussfcu

You are a Member of The American Consumer Council
VACC membership takes a matter of minutes and you don't have to live in Virginia, you can join the VACC from anywhere in the U.S. Plus, USSFCU will cover your membership dues. Follow the instructions below to join:

Go to americanconsumercouncil.org
Click the Join Now button
Fill out the short application—Use Promo Code: USSFCU to waive the $8.00 membership fee
Click Proceed to the Next Step to complete the application process

You will receive an email containing your VACC Membership Number and Certificate (retain for your records). This information will automatically be sent to USSFCU.
just food for thought. Look at the reviews on this credit union.
Jan 31, 2023 4:02 PM
254 Comments
Joined Jun 2011
dilbert007Jan 31, 2023 4:02 PM
254 Comments
Quote from foxblur :
I think most expect it first on the CT
Haha, I feel bad for folks who got caught up in this firesale of an absolute product! Now next batch will get latest tech for even cheaper..
Jan 31, 2023 4:03 PM
1K Comments
Joined Mar 2019
CycloneFWJan 31, 2023 4:03 PM
1K Comments
Quote from anhdongtx :
Same in Texas, but Tesla clearly says you have to have your insurance updated with the VIN and it has to be at least 60 days.

Now whether they check or not I dont know but you risk delaying your delivery.
I plan to get it updated and have the new car added when I have an actual delivery appt scheduled. Until then, I just used the existing insurance screenshot to complete the task.

But you are correct that it could cause a delay if Tesla were to be adamant about seeing the new car before letting me schedule delivery.
Jan 31, 2023 4:05 PM
1K Comments
Joined Mar 2019
CycloneFWJan 31, 2023 4:05 PM
1K Comments
Quote from Mikey122687 :
For Tower CU, how do you get Original Notarized Specific Power of Attorney signed by all proposed title holders.?
If you are the only buyer, you sign it in front of a notary. If you aren't the only buyer, you arrange it so you and the other buyer(s) are together in front of a notary.
Jan 31, 2023 4:10 PM
4K Comments
Joined May 2013
MoisesA7010Jan 31, 2023 4:10 PM
4K Comments
Quote from twoweeled :
I was wondering about that exact thing. What if the Fed doesn't change a thing? ie People can continue to order, receive and get the $7500 credit throughout the year.
for those in CA who arent in a rush to show off or actually NEED the car, i would wait to see if tesla adds themselves back on the CVRP and see what the gov does after March

$15,000 possible savings on top of the reduced price would be a big win
Jan 31, 2023 4:11 PM
20 Comments
Joined Nov 2015
LovelyLife2014Jan 31, 2023 4:11 PM
20 Comments
Do I need to have tow hitch to carry bike rack? If I have to update my order then can it delay the delivery. I have not got VIN assigned and order is in editable mode.

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Jan 31, 2023 4:13 PM
48 Comments
Joined Feb 2014
nachiket.meJan 31, 2023 4:13 PM
48 Comments
Quote from techie_review :
Super easy, i got my approval for the loan within 10 mins of approving at 5.34% yes its high but i can always refinance with other auto loan like tower after ... just seemed easier to do it with tesla first
Does Tesla use Out-the-door price while considering a loan or just MSRP?
1

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