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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 3, 2023 1:30 PM
290 Comments
Joined May 2006
2NeolinuxFeb 3, 2023 1:30 PM
290 Comments
Quote from Slayer.I.Am :
What bank is this in NJ? Thanks !
Quote from spyderdsm :
Which local NJ bank did you use?
Quote from bard8910 :
Can you tell me which local bank


United Teletech Financial Federal Credit Union
https://www.utfinancial.org/rates/

Booked online appt. for in person Branch visit
Went to branch in a couple of days and was out in under 40 minutes with approval
Loan officer had stack of Tesla loan applications from word of mouth referrals

They have same day approval so be mindful when you apply (valid for 30 days), then have to reapply which dings credit a bit

For those that are not in NJ, their website allows you to apply online but not sure of the process as I applied in a local Branch

Good Luck
Feb 3, 2023 1:51 PM
3.5K Comments
Joined Dec 2005
TheKingofDealsFeb 3, 2023 1:51 PM
3.5K Comments
Quote from bugelrex :
Careful about back transfers if banks are closed
Good heads up, Tesla wants everything in place before you show. Like if CU loan is through it will be done prior to the 20th. You can also initiate the ACH ahead of time though I was thinking to bring a cashiers check.
Feb 3, 2023 2:14 PM
7.5K Comments
Joined Jan 2009
MrDeaalsFeb 3, 2023 2:14 PM
7.5K Comments
Did anyone from IL apply for this rebate ?

https://www2.illinois.gov/epa/top...bates.aspx
Feb 3, 2023 2:29 PM
175 Comments
Joined Nov 2005
illaFeb 3, 2023 2:29 PM
175 Comments
Quote from MrDeaals :
Did anyone from IL apply for this rebate ?

https://www2.illinois.gov/epa/top...bates.aspx
yes, with Zero transparency never got anything, don't expect too much unless you are low income
Feb 3, 2023 2:30 PM
5K Comments
Joined May 2006
chazjrFeb 3, 2023 2:30 PM
5K Comments
Tesla 'spontaneously' catches fire on California highway; 6,000 gallons of water needed to put it out..
https://www.msn.com/en-us/news/us...r-AA16Wjo7
2
Feb 3, 2023 2:55 PM
3.1K Comments
Joined Jul 2011
euuser1398928Feb 3, 2023 2:55 PM
3.1K Comments
Basic autopilot comes with the vehicle. This will speed match cruise control and keep you in your lane. And I tested this on a highway. Something I didn't test out was doing this on regular streets. I do this a lot in traffic on regular streets in my current Honda car. Can anyone confirm you can use basic autopilot on regular streets or just highways?
Feb 3, 2023 3:01 PM
1.4K Comments
Joined Oct 2017
techie_reviewFeb 3, 2023 3:01 PM
1.4K Comments
Quote from foxblur :
Basic autopilot comes with the vehicle. This will speed match cruise control and keep you in your lane. And I tested this on a highway. Something I didn't test out was doing this on regular streets. I do this a lot in traffic on regular streets in my current Honda car. Can anyone confirm you can use basic autopilot on regular streets or just highways?
Thank you do you know if the cruise control will match the vehicle ahead .... so lets say the car in front of you brakes will the auto pilot recognize that and slow down or you have to manually cancel autopilot ?


If im not wrong i believe that is called adaptive cruise control

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Feb 3, 2023 3:09 PM
4.1K Comments
Joined Mar 2006
skinnywallet42Feb 3, 2023 3:09 PM
4.1K Comments
Quote from techie_review :
Thank you do you know if the cruise control will match the vehicle ahead .... so lets say the car in front of you brakes will the auto pilot recognize that and slow down or you have to manually cancel autopilot ?


If im not wrong i believe that is called adaptive cruise control
It should be similar to Adaptive Cruise Control plus Lane Keep Assist found in most other vehicles.

What you are referring to, is old school cruise control, where you need to manually brake/cancel.
Feb 3, 2023 3:12 PM
18 Comments
Joined Feb 2020
hoosieraryFeb 3, 2023 3:12 PM
18 Comments
Quote from dohmahmigh :
thanks but that's only $10k/yr. where else to put the remaining $50k?
Depending on your family size you may be able to take advantage of the full amount through gifting bonds to your spouse/children. And also have your spouse purchase $10k plus 10k back to you as a gift.
Feb 3, 2023 3:15 PM
47 Comments
Joined Jun 2016
RobinM6284Feb 3, 2023 3:15 PM
47 Comments
Quote from foxblur :
Basic autopilot comes with the vehicle. This will speed match cruise control and keep you in your lane. And I tested this on a highway. Something I didn't test out was doing this on regular streets. I do this a lot in traffic on regular streets in my current Honda car. Can anyone confirm you can use basic autopilot on regular streets or just highways?
Yes. And will auto steer around curves. And as long as there is a car in front of you it will stop when that car stops. And go when the car goes. But it does not recognise red lights or stop signs. That is only on FSD which is 15k
Feb 3, 2023 3:21 PM
1.4K Comments
Joined Oct 2017
techie_reviewFeb 3, 2023 3:21 PM
1.4K Comments
Quote from skinnywallet42 :
It should be similar to Adaptive Cruise Control plus Lane Keep Assist found in most other vehicles.

What you are referring to, is old school cruise control, where you need to manually brake/cancel.
ohhh it might be old for todays terms ahahah

so my MDX has adaptive cruise control so lets say you are on the highway and you start cruise control and lane assist. the car will continue to go at 75MPH and keep a 3 car distance from the car in front of me ... but lets say the car in front of me brakes my mdx will recognize that and break as well to help maintain that 3 car gap ... sorry if that doesn't make sense but i will watch few videos on youtube to figure it out.
Feb 3, 2023 3:26 PM
873 Comments
Joined Apr 2010
KingCoopFeb 3, 2023 3:26 PM
873 Comments
Quote from foxblur :
Anyone post recent Tesla app finance rates?
5.34% but that may rise soon with the recent 0.25% uptick from the Fed
Feb 3, 2023 3:29 PM
1.9K Comments
Joined Jun 2009
dbernie41Feb 3, 2023 3:29 PM
1.9K Comments
I see on Tesla's website it says that Until March 2023 certain Model Y's apply for the $7,500 credit. This ends in March???
Feb 3, 2023 3:29 PM
1K Comments
Joined Mar 2019
CycloneFWFeb 3, 2023 3:29 PM
1K Comments
Prepare for another influx of orders given that the IRS retroactively made all Model Ys have a $80k limit.

https://www.irs.gov/credits-deduc...3-or-after
1

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Feb 3, 2023 3:34 PM
162 Comments
Joined Jan 2008
8803809Feb 3, 2023 3:34 PM
162 Comments
Quote from CycloneFW :
Prepare for another influx of orders given that the IRS retroactively made all Model Ys have a $80k limit.

https://www.irs.gov/credits-deduc...3-or-after

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