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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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Feb 1, 2023 3:46 PM
399 Comments
Joined Jun 2008
gotoee37000Feb 1, 2023 3:46 PM
399 Comments
So I got a vin and updated delivery day estimate.

Do I have to finish submitting my insurance info and making final payment for the app to provide exact date or slots for me to take delivery? Or it will update me on the date/location later regardless if I finish those two steps and I will be fine so long as I finish those prior to taking the delivery?
Feb 1, 2023 3:48 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsFeb 1, 2023 3:48 PM
3.5K Comments
Quote from turns2stone :
Regarding the BMW M3 vs. Tesla Model 3 Performance debate(?), as I point of reference, I've owned the following:

2012 BMW E92 M3 (picked up new in Munich)
2016 BMW F80 M3 (picked up new in Munich)
2020 Tesla Model 3 Performance
2023 Tesla Model 3 Performance

The BMWs went to a few track events. On the street, the Teslas feel faster, more fun. The Tesla is overall a better car in every way. I do miss the E92 M3, because it was a great handling car and I loved to rev it to 7K+. But I wouldn't want it to my daily driver vs. my current Tesla.

Basically, I see like a lot of people talking out of their butts that have never owned either car. As I owned two of each, AMA.
I hope your right brother. I am with you with my share of fast fun cars, hoping the M3P is as fun to drive as people have mentioned. The BMW M3 Non aspirated models where amazing cars.

2004 Subaru WRX STI
RX-7 (Forget the year) bought it used, the previous owner tuned it up so much it scared me sometime laugh out loud
2002 IS300
2012 G37x
2016 BMW X5M
Feb 1, 2023 3:48 PM
1.4K Comments
Joined Oct 2017
techie_reviewFeb 1, 2023 3:48 PM
1.4K Comments
Quote from TheKingofDeals :
Referred means they have not looked at the membership application.
For me the Loan application approved first. Loan can not be funded without Membership. I had to upload some Docs and notarized POA. The membership took the longest from 18th to 31st. That is 9 business days it took them to even look at my membership request. My delivery is little over 2 weeks out hoping they can fund it in that time but no response from Loan people yet.
Thank you for the reply, appreciate it.

I haven't had to upload anything except for the DL back and front when submitting the application. do you get an email from them to upload additional docs ?

For me i am just going thru tesla loan for now and then refinance after with tower. My delivery is ~ 2/18 - 3/25 so if tower approves before that then i will do it straight through them but i read multiple people say they taking over a month to do anything since they got an influx of applications
Feb 1, 2023 3:48 PM
2.1K Comments
Joined Sep 2022
norcal007Feb 1, 2023 3:48 PM
2.1K Comments
Quote from FatFreddie :
Not true. Only need to file an interconnection application by Apr 13 to be grandfathered in. Have three years after application to install a system and begin operation. I interviewed and received quotes from four companies, none are gouging.
Anyone thinking of doing this in San Diego County pm me for a very knowledgeable and non-pushy system designer who works for Baker, one of the most reputable solar installers in the area (in business since 1938).https://www.solar.com/learn/nem-3.../#timeline [solar.com]
Reddit disagrees as people are getting quotes that are higher. Add in homeowners insurance premium goes up after a solar install.
1
Feb 1, 2023 3:52 PM
18 Comments
Joined Feb 2020
hoosieraryFeb 1, 2023 3:52 PM
18 Comments
Quote from illa :
they are not little slow, they are extremely slow! I would say count 3~4 weeks, not days.
Was able to get loan approval and membership account setup in under 10 days with a lot of extra leg work (many phone calls/emails, sweet talking the CSR, etc.). All the people I spoke with were really helpful and went out of their way to expedite my loan funding.
Feb 1, 2023 3:52 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsFeb 1, 2023 3:52 PM
3.5K Comments
Quote from techie_review :
Thank you for the reply, appreciate it.

I haven't had to upload anything except for the DL back and front when submitting the application. do you get an email from them to upload additional docs ?

For me i am just going thru tesla loan for now and then refinance after with tower. My delivery is ~ 2/18 - 3/25 so if tower approves before that then i will do it straight through them but i read multiple people say they taking over a month to do anything since they got an influx of applications
They send a message through the loan status portal page and you can submit all docs there.
They required a notarized Power of Attorney for the auto loan.
Feb 1, 2023 3:54 PM
630 Comments
Joined Sep 2005
thecrlghFeb 1, 2023 3:54 PM
630 Comments
Quote from srhearts :
So if you take delivery after march the you don't qualify for $7500 tax credit?
No one knows. That's the current understanding but until the government makes it official…it's a guess.

And, you'll still qualify for the $3750 credit.

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Feb 1, 2023 3:56 PM
18 Comments
Joined Feb 2020
hoosieraryFeb 1, 2023 3:56 PM
18 Comments
Quote from TheKingofDeals :
Has anyone had any recent experience with Tower CU funding timing ?
My loan application was approved first, then yesterday the membership was approved.
Hoping they can fund my loan to Tesla by the 17th at the latest but wanted to hear from others on what the funding time is once membership is approved? Do I need to hound them daily or its a quick process from here on out?

Vehicle Loan Application #
Status Approved Pending
Created Date 1/24/2023

Membership Account Application #
Status Approved
Created Date 1/18/2023
Membership approved 1/31/2023
I called in and mentioned that I was ready to take delivery and needed the loan funded in three days. The CSR expedited my request to the loan officer and he actually called me back at 8:00 p.m. to finalize everything. He certainly didn't need to do that as he was off the clock and my app was probably at the bottom of the pile, but he went the extra mile. Great experience so far.
Feb 1, 2023 3:56 PM
4.4K Comments
Joined Feb 2010
turns2stoneFeb 1, 2023 3:56 PM
4.4K Comments
Quote from TheKingofDeals :
I hope your right brother. I am with you with my share of fast fun cars, hoping the M3P is as fun to drive as people have mentioned. The BMW M3 Non aspirated models where amazing cars.

2004 Subaru WRX STI
RX-7 (Forget the year) bought it used, the previous owner tuned it up so much it scared me sometime
2002 IS300
2012 G37x
2016 BMW X5M
Have you driven a standard Model 3, yet? Since you're in touch with the driving dynamics of high performance cars, the biggest change/improvement will center around two areas:
1. The difference in weight distribution due to the batteries being very low. You may never realize just how much the 1000lbs+ of engine/transmission sitting relatively high up does to cornering feel.
2. The 'direct' feeling of Teslas for acceleration. Mash foot, go fast. Even the most modern of cars introduce a perceptible delay from the accelerator through the ICE, through the transmission to the wheels. There's just so much 'stuff' in the way, and when it all disappears in a EV, it's hard to go back.

The rest is more subjective. I like the minimalist interior and the frequent software updates. I don't miss the exhaust noise, it just feels obnoxious at this point. Considering my electricity plan is free on the weekends and I have 10K free Supercharging miles, my fuel cost is literally $0.00. That makes it more fun to just go take it out for 'no reason' other than to have fun/explore.
Feb 1, 2023 3:59 PM
96 Comments
Joined Aug 2009
hippagunFeb 1, 2023 3:59 PM
96 Comments
For anyone who transferred recently ,How are you guys being able to find anything in the inventory thats under 55k? Everything I see is over 55k? Am I missing something ?
Feb 1, 2023 3:59 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsFeb 1, 2023 3:59 PM
3.5K Comments
Quote from hoosierary :
I called in and mentioned that I was ready to take delivery and needed the loan funded in three days. The CSR expedited my request to the loan officer and he actually called me back at 8:00 p.m. to finalize everything. He certainly didn't need to do that as he was off the clock and my app was probably at the bottom of the pile, but he went the extra mile. Great experience so far.
I'll keep that in mind as we get closer. I got app in at Tower and GCCU, first one to finalize gets my business. Both are very slow.
Feb 1, 2023 3:59 PM
1.4K Comments
Joined Oct 2017
techie_reviewFeb 1, 2023 3:59 PM
1.4K Comments
Quote from TheKingofDeals :
They send a message through the loan status portal page and you can submit all docs there.
They required a notarized Power of Attorney for the auto loan.
Thanks i dont see any required docs yet will submit when requested
Feb 1, 2023 4:00 PM
3.1K Comments
Joined Apr 2010
madmoney1Feb 1, 2023 4:00 PM
3.1K Comments
If say for example I pay $0 in tax next year, does that mean I get none of the $7500 tax credit?
Feb 1, 2023 4:07 PM
679 Comments
Joined Oct 2016
RWelchSFeb 1, 2023 4:07 PM
679 Comments
Quote from Passions :
And for that reason, I'm out!!
strange, i'm in socal too. My MYLR Grey moved to 3/1 - 3/31.

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Feb 1, 2023 4:10 PM
679 Comments
Joined Oct 2016
RWelchSFeb 1, 2023 4:10 PM
679 Comments
So many stupid comments here. Knock it off. Just stay on topic.

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