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frontpage Posted by krispytreat007 • Jun 2, 2023
frontpage Posted by krispytreat007 • Jun 2, 2023

2023 Tesla Model 3 w/ 3 Months Supercharging + $7500 Federal Tax Credit

(For Qualifying Buyers)

from $37830

$40,240

1,793 Comments 922,851 Views
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Deal Details
Tesla is offering its 2023 Tesla Model 3 starting from $37830. This model now qualifies for the $7500 Federal Tax Credit (more information here and here).

Thanks to community member krispytreat007 for sharing this deal.

Note, price and availability will vary by location and may be limited. Additional fees may apply.

Additionally, this includes 3 months free unlimited Supercharging if ordered and delivered between June 14 and June 30, 2023.

Editor's Notes

Written by qwikwit | Staff
  • To qualify for the federal tax credit, one must not exceed the following adjusted gross income limits:
    • $300000 for married couples filing jointly
    • $225000 for heads of households
    • $150000 for all other filers
  • The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
  • See the forum thread for deal discussion.
  • Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.

Original Post

Written by krispytreat007
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Tesla is offering its 2023 Tesla Model 3 starting from $37830. This model now qualifies for the $7500 Federal Tax Credit (more information here and here).

Thanks to community member krispytreat007 for sharing this deal.

Note, price and availability will vary by location and may be limited. Additional fees may apply.

Additionally, this includes 3 months free unlimited Supercharging if ordered and delivered between June 14 and June 30, 2023.

Editor's Notes

Written by qwikwit | Staff
  • To qualify for the federal tax credit, one must not exceed the following adjusted gross income limits:
    • $300000 for married couples filing jointly
    • $225000 for heads of households
    • $150000 for all other filers
  • The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
  • See the forum thread for deal discussion.
  • Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.

Original Post

Written by krispytreat007

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Top Comments

Eagles89
5963 Posts
786 Reputation
You forgot to mention the $1390 destination fee, $425 for wall connector, $230 for mobile charger, $250 non-refundable order fee.
scn312
168 Posts
65 Reputation
Tesla Model 3 RWD starts at $40,240 but is now eligible for the full $7,500 federal tax credit (income limits apply). Previously, it was only eligible for $3,750. This makes the starting price $32,740 after tax credit.

https://www.tesla.com/model3/design

Deal is even sweeter if you live in a state with additional credits:

VT: $26,320
MA: $26,830
PA: $27,330
RI: $27,820
DE: $27,820
NY: $28,320
CA: $28,330
CO: $28,330
CT: $29,030
ME: $29,320

Full tax credit details below, but the following income limits apply:

$300,000 for married couples filing jointly
$225,000 for heads of households
$150,000 for all other filers

https://www.irs.gov/credits-deduc...3-or-after
Knightshade
15329 Posts
4338 Reputation
NO IT DOES NOT.

Withholding is totally irrelevant to qualifying for the credit.

If you're unclear on this go read a 1040.

The part where you compute tax liability is lines 16 through 24.

THAT is where the $7500 EV credit comes off.

Your withholdings aren't even looked at until after that on line 25+







This is also not correct.

The Child Tax Credit is worth a maximum of $2,000 per qualifying child. Up to $1,600 is refundable for the 2023 tax year.

Refundable credits are computed AFTER non-refundable ones-- so the CTC is only "worth" $400 off your tax burden for these purposes- the $1600 left is refundable.

Thus if you had say $7900 in tax burden and one CTC and one EV credit, your tax burden would go to $0 and you'd get a full refund of the $1600 refundable part of the CTC


Source:
https://www.nerdwallet.com/articl...tax-credit

1,792 Comments

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Jun 3, 2023
323 Posts
Joined Jan 2012
Jun 3, 2023
MeatballsJones
Jun 3, 2023
323 Posts
Quote from Corrosive :
Model 3 Not bmw m3
I think he or she knows, just being a syntax police.
1
Jun 3, 2023
35 Posts
Joined Nov 2018
Jun 3, 2023
GregH5284
Jun 3, 2023
35 Posts
Absolutely insane value for the car you get. Paid around double for my model 3 LR and don't regret it.
3
Jun 3, 2023
256 Posts
Joined Jul 2013
Jun 3, 2023
Brunoslack
Jun 3, 2023
256 Posts
Its a Steal if you live in Colorado with State incentives, I am thinking to relocate from WA Big Grin - Are they not getting the HW4 in the new cycle? probably flushing out the existing inventory for good discount.
Jun 3, 2023
405 Posts
Joined Apr 2007
Jun 3, 2023
MrButthead
Jun 3, 2023
405 Posts
Quote from iverticalblue :
a m3 after $7.5k tax credit comes out almost the same as a 23 prius prime otd se for $38. should i wait? decision, decision, decision...
Can you even get your hands on a new Prius Prime at MSRP? I thought the US is only going to get ~10k of the model each year.
1
Jun 3, 2023
3,109 Posts
Joined Jul 2011
Jun 3, 2023
euuser1398928
Jun 3, 2023
3,109 Posts
Quote from George_P_Burdell :
Is the QC any improved? I'm planning to take Mach E delivery then this news appears lol. It's too sweet for $30k versus MachE at $42k after rebates (base)
Mach-E base vs M3 base.
Mach-E is slower by .5sec, 20ish less miles capacity.
M3 has glass top, auto folding mirrors, all heated seats/wheel, complete super charger network (ford moving to tesla connector in 2025).

I'm sure there is more but the base tesla options are at least 2-3 trims up the other automakers
Jun 3, 2023
69 Posts
Joined Oct 2022
Jun 3, 2023
DkDealz
Jun 3, 2023
69 Posts
Quote from slickjews :
i bought one a couple weeks ago in mid May. Do I get 7500 or 3750 only?
7500$ it's back dated.
1
Jun 3, 2023
11 Posts
Joined Nov 2008

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Jun 3, 2023
1,184 Posts
Joined Apr 2011
Jun 3, 2023
newbharry
Jun 3, 2023
1,184 Posts
Quote from iverticalblue :
a m3 after $7.5k tax credit comes out almost the same as a 23 prius prime otd se for $38. should i wait? decision, decision, decision...
Just pull trigger. I changed from Prius. Never gonna look back
2
Jun 3, 2023
1,451 Posts
Joined Aug 2006
Jun 3, 2023
Shade00
Jun 3, 2023
1,451 Posts
Quote from mcwhat :
Are there any loopholes to get the tax credit if you aren't poor?
decrease your adjusted gross income by contributing to 401ks, HSAs, etc.
1
Jun 3, 2023
182 Posts
Joined Apr 2017
Jun 3, 2023
polojeansco
Jun 3, 2023
182 Posts
Quote from Knightshade :
The product sold today as FSD capability, for $15,000, lists a specific set of features included with the purchase.

Every single one of them is available. Today. To all North American customers who opt into the FSD beta program.

For those who don't opt in, all of them except one- city streets - is available today (and has been for a couple years now).


Where people get confused is two places:

1) Aspirational statements about future capabilities-- none of which are actually included, listed, or described during the purchase of the option. These are simply things Elon Musk has said he hopes to add in the future, but nobody is "owed" them as part of the purchase.

and

2) The name. But just as Happy Meals don't cure depression, and Diaper Genies don't grant wishes, reading the actual product description solves this confusion instead of just making assumptions from the name.
Happy meals and diaper genie are common sense puffery (legal definition).

Full self driving is plain language and deceptive.
2
Jun 3, 2023
47 Posts
Joined Jul 2022

This comment has been rated as unhelpful by Slickdeals users.

Jun 3, 2023
9 Posts
Joined Jan 2013
Jun 3, 2023
deltwalrus
Jun 3, 2023
9 Posts
Quote from Eagles89 :
You forgot to mention the $1390 destination fee, $425 for wall connector, $230 for mobile charger, $250 non-refundable order fee.
My order fee was applied to the price of my car.

The mobile charger is optional, but highly recommended.

A charging station is also optional.

Every car has a destination fee. And taxes, title fees, registration fees, etc.

The cost of these accessories is comparable to what you'd pay with an ICE vehicle for fuel, repairs, regular maintenance, consumable parts, labor, etc.

Food for thought.
Jun 3, 2023
362 Posts
Joined Jan 2014
Jun 3, 2023
SlickForYou
Jun 3, 2023
362 Posts
These will soon come free with a happy meal.
1
Jun 3, 2023
648 Posts
Joined Jun 2017

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Pro
Jun 3, 2023
309 Posts
Joined Nov 2008
Jun 3, 2023
discostu
Pro
Jun 3, 2023
309 Posts

Our community has rated this post as helpful. If you agree, why not thank discostu

Quote from flunder :
Can you help to break down the math? I have been thinking about an electric, but still can't wrap around the math for the claim of electric being cheaper...

Here is my profile:

2013 with 19k miles and averages about 22 mpg. Just replaced engine air filter, spark plugs, anti-freeze for about $80 to take care of the 10 yrs maintenance. Tires are changed as well due to age, but that will be the same for EV, so are brake fluid change every 3 years ($25) and every year for cabin air filter ($8). Each year, oil change is about $30.

My fears are the super expensive tire prices for the EV, phantom drain over time which may cost 1/2 of my current gas money and of course, the long term durability of the batteries before recouping the initial cost premium (~$3000)...
I don't know about other owners but you don't need to buy any special tires for EV. I have a 2018 M3 and I just grabbed the cheapest tires at Costco. I am unable to tell any difference in efficiency. Energy consumption still get about 220-230wh/mile for long road trips. I drive from Norcal to Los Angeles about 4 times a year to visit the inlaws and the consumption hasn't changed at all.

Phantom drain is practically nonexistent. I just came back from a 10 day trip with the M3 parked in an outdoor airport parking lot with exposure to sun and cold and everything and the drain was maybe 3%. 3% of 82kWH at 9c/kWH is less than a nickel. This is not a cellphone battery, do not be concerned about phantom drain.

Your gas savings heavily depend on your utility rates and your driving pattern. I've had the M3 since August 2018 and have put about 75k miles on it. I used to pay only 7c/kwh but now it's 9c/kwh. Even calculated at today's rates, I spent a little under $1600 over the last 5 years to drive(0.23kwh/mile x 75k miles x .09usd/kwh) about 75k miles. At $4/gallon for Norcal prices with 75k miles at 30mpg it would have been about $10k for the same miles.

Insurance is a bit expensive. I'm with GEICO and have a clean driving record, it's about $1000 per year. I'm also an old fart with a really clean driving record and I'm not happy that I'm still paying this much. I have a 2019 CRV that's half that rate.
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