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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 6:33 PM
3.1K Comments
Joined Nov 2005
BrainDocFeb 1, 2023 6:33 PM
3.1K Comments
Edit: it looks like the comment I replied to was deleted so I removed what I wrote. This is a great deal though!
Feb 1, 2023 6:40 PM
565 Comments
Joined Oct 2004
dealhunt_101Feb 1, 2023 6:40 PM
565 Comments
Quote from dinu :
I'm assuming you are with Geico, had the same shock when I added Tesla Y, they add something called Mechanical Breakdown insurance which raises premium considerably, not sure how significant is that, so I switched to different carrier without that coverage, now its on par with other vehicles, something to look for,
You could remove the mechanical breakdown insurance. It's an optional add on.
Feb 1, 2023 7:04 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsFeb 1, 2023 7:04 PM
3.5K Comments
Quote from Beechos :
Wow insurance pretty much doubled with this car. Hope you guys who are buying this are getting a insurance quote too.
I got a quote for mine from my Erie agent. Currently 2 cars and 2 adult drivers, no accidents or tickets.
Current annual premium is: $1130.32...when we add the new vehicle with Repair/Replacement Coverage, the new premium would be: $2028.85...without the Repair Replacement, the total annual premium would be: $1933.85.

The Repair/Replacement Cost Coverage gives you Replacement Cost coverage on the new Tesla instead of Actual Cash Value if you totaled the vehicle.

I will likely add the Repair/Replacement Cost Coverage
I will be removing the 3rd car as I have a buyer ready to purchase it so it should come down some.
SO roughly $900 a year. It is a 50K MSRP car so I am sure the value has some effect.
Last edited by TheKingofDeals February 1, 2023 at 11:09 AM.
Feb 1, 2023 7:07 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsFeb 1, 2023 7:07 PM
3.5K Comments
Quote from techie_review :
Thanks i dont see any required docs yet will submit when requested
Right they will request the POA notarized so I would download it fill it out, notary and scan it ready to submit to them.
https://www.towerfcu.org/resource...-attorney/

Account no field everyone is imputing Tesla reservation # (RN #)
Feb 1, 2023 7:08 PM
4.7K Comments
Joined Mar 2005
1jzgteFeb 1, 2023 7:08 PM
4.7K Comments
Quote from Beechos :
Wow insurance pretty much doubled with this car. Hope you guys who are buying this are getting a insurance quote too.
Haha home insurance will go up too because shit will just burst into flames in your garage.. dont forget to add the 'steering wheel coverage' in case that shit comes off
4
Feb 1, 2023 7:14 PM
124 Comments
Joined Nov 2010
dinuFeb 1, 2023 7:14 PM
124 Comments
Quote from IndiaPaleAle :
Curious where you came out and where you're located... my 6 month premium is now around 1k at Geico.
I moved to farmers Insurance, I was paying around $1k(for 2 cars) with Geico now paying half. My employer has tie up with farmers on payroll deduction, thats one of the additional discount i got moving. Give a try with Farmers.
Feb 1, 2023 7:15 PM
3.7K Comments
Joined Jul 2019
3.7K Comments
Quote from dinu :
I moved to farmers Insurance, I was paying around $1k(for 2 cars) with Geico now paying half. My employer has tie up with farmers on payroll deduction, thats one of the additional discount i got moving. Give a try with Farmers.
Will do, thx. I think it's the area though, every time I've checked previously, Geico was the cheapest
Last edited by Anonymous February 1, 2023 at 11:18 AM.

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Feb 1, 2023 7:17 PM
1K Comments
Joined Mar 2019
CycloneFWFeb 1, 2023 7:17 PM
1K Comments
Quote from TheKingofDeals :
Right they will request the POA notarized so I would download it fill it out, notary and scan it ready to submit to them.
https://www.towerfcu.org/resource...-attorney/

Account no field everyone is imputing Tesla reservation # (RN #)
Everyone seems to be putting that, but I don't get why. This form is for Tower to sign on your behalf for any title changes, such as filing their lien or correcting errors. It has nothing to do with Tesla and should indicate the loan # ideally.
Feb 1, 2023 7:19 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsFeb 1, 2023 7:19 PM
3.5K Comments
Quote from turns2stone :
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.
I have not test drove a Tesla, probably should have but replacing G37 sedan for M3P seems like a good upgrade. Everything in the G is dated from the navigation to the info screen. Watch to many hours to count on reviews and tips for M3. Mainly getting it for the wife as she hates filling up gas laugh out loud You don't know how many times she has pushed the fuel tank is almost empty gauge. Almost like that Seinfield episode with Kramer and the Saab, the needle is past the E! Will be my first New car since 2004 yah!Wave Always bought used 4-5 yrs old with cash.
Feb 1, 2023 7:21 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsFeb 1, 2023 7:21 PM
3.5K Comments
Quote from CycloneFW :
Everyone seems to be putting that, but I don't get why. This form is for Tower to sign on your behalf for any title changes, such as filing their lien or correcting errors. It has nothing to do with Tesla and should indicate the loan # ideally.
When they uploaded it to me it that field was blank. So I was unsure and someone recommended the RN Reservation #. I got 2 of them notarized as back up one with loan # one with RN # in case they complain. Don't want to go inside a bank again unless I have to. Someone here posted they did the RN # and they have their car and loan already.
Feb 1, 2023 7:26 PM
1K Comments
Joined Mar 2019
CycloneFWFeb 1, 2023 7:26 PM
1K Comments
Quote from TheKingofDeals :
When they uploaded it to me it that field was blank. So I was unsure and someone recommended the RN Reservation #. I got 2 of them notarized as back up one with loan # one with RN # in case they complain. Don't want to go inside a bank again unless I have to. Someone here posted they did the RN # and they have their car and loan already.
Smart move. I don't think it would make a difference for delivery and loan closing insomuch as it is simply to help whomever physically handles it to know which file to put it in.

When I had to do these previously, it was to avoid mistakes in searching by name and instead it gets filed alongside any other paperwork for the loan so the person at the lender filing the lien and such have it readily available. Thankfully, it seems like Tower is doing a good enough job on that clerical aspect.

May yours go without issue!
Feb 1, 2023 7:28 PM
369 Comments
Joined Mar 2011
BeechosFeb 1, 2023 7:28 PM
369 Comments
Quote from dinu :
I'm assuming you are with Geico, had the same shock when I added Tesla Y, they add something called Mechanical Breakdown insurance which raises premium considerably, not sure how significant is that, so I switched to different carrier without that coverage, now its on par with other vehicles, something to look for,
I actually have progressive. What did youvend up switching to.
Feb 1, 2023 7:32 PM
369 Comments
Joined Mar 2011
BeechosFeb 1, 2023 7:32 PM
369 Comments
Quote from dinu :
I moved to farmers Insurance, I was paying around $1k(for 2 cars) with Geico now paying half. My employer has tie up with farmers on payroll deduction, thats one of the additional discount i got moving. Give a try with Farmers.
Im in nyc went from 1600/6months to 3200
Feb 1, 2023 7:36 PM
1.4K Comments
Joined Oct 2017
techie_reviewFeb 1, 2023 7:36 PM
1.4K Comments
Quote from TheKingofDeals :
Right they will request the POA notarized so I would download it fill it out, notary and scan it ready to submit to them.
https://www.towerfcu.org/resource...-attorney/ [towerfcu.org]

Account no field everyone is imputing Tesla reservation # (RN #)
Thank you, but i noticed they have Christopher Ercole name on it is that correct ?

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Feb 1, 2023 7:36 PM
569 Comments
Joined Sep 2005
bumofthedayFeb 1, 2023 7:36 PM
569 Comments
Quote from gotoee37000 :
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?
I had the ability to schedule delivery before uploading insurance. I set my appointment up Monday for the following Wednesday (1 week from today). I still don't have the ability to make final payment in the app.

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