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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 4, 2023
200 Posts
Joined Nov 2019
Jun 4, 2023
StankNasty411
Jun 4, 2023
200 Posts
Quote from Binar :
it's the batteries themself and the lithium you need to make'em. But it's something you have to research yourself and see the damage done by mining it. Anyway, it doesnt matter. ICE or EV's they are here and nither of us can change that
They haven't ever seen a mining operation and the amount of diesel fuel burned to extract ore.

It's okay though, large copper mines are only in a handful of countries. Oil is everywhere. It takes 20 years to bring a mine online. We can add oil drill rigs within weeks. The EV Revolution isn't going to happen; there's not enough metal. The grid can't support it. You got multi-year backlogs for electrical transformers.

And then you have the issue with battery technology. So many EVs purchased years ago have batteries no longer produced. So you need $20k or more just to get a battery special ordered.
Jun 4, 2023
15,329 Posts
Joined Sep 2009
Jun 4, 2023
Knightshade
Jun 4, 2023
15,329 Posts
Quote from Zontrepreneur :
Welcome to Tesla we're we give zero Fs about our customer. We bought in April and paid ~$12k more.

How'd you pay 12k more for a base model 3 in April?

Price on April 5th was $42,990.

Price on April 18th was $39,990.

Full tax credit was available on both dates.

Current price before full tax credit is $40,240.
Jun 4, 2023
56 Posts
Joined Nov 2015
Jun 4, 2023
czytm
Jun 4, 2023
56 Posts
Quote from kwchan79 :
which means i need to pay 10% sales tax for model Y?
It would depend on where you live, and I'm not 100% certain the local city/county taxes on top of the WA state sales tax would apply or not. I've been fortunate enough to not have to purchase a car since living here (King County, sales tax rate total about 10.5% I think).

I did receive a "gift" car, when we moved here, and in order to not have to pay taxes when I registered it, I had to provide proof that taxes were paid for the vehicle at some point in its history. This meant asking my brother for his receipt/proof of tax payment when he originally purchased. If I could not provide this, I would have had to pay the sales tax on some pre-determined value for the Year/Make/Model.

My understanding also, is that this also means, even if you went to Oregon (no sales tax) to purchase, when you register the car in WA, you have to pay taxes on your purchase price (according to the DMV at the time I was registering)
Last edited by czytm June 4, 2023 at 01:01 PM.
Jun 4, 2023
15,329 Posts
Joined Sep 2009
Jun 4, 2023
Knightshade
Jun 4, 2023
15,329 Posts
Quote from StankNasty411 :
It's okay though, large copper mines are only in a handful of countries. Oil is everywhere. It takes 20 years to bring a mine online. We can add oil drill rigs within weeks. The EV Revolution isn't going to happen; there's not enough metal. The grid can't support it. You got multi-year backlogs for electrical transformers. .

This is like a Greatest Hits Of Already Debunked FUD Applause
1
Jun 4, 2023
492 Posts
Joined Aug 2004
Jun 4, 2023
DavidS1567
Jun 4, 2023
492 Posts

Our community has rated this post as helpful. If you agree, why not thank DavidS1567

I've had a Model 3 for over 4 years now, best car I've ever owned. Not a single problem and all I've ever needed was washer blades, washer fluid and a set of tires. Car is constantly getting better and better too with free over the air software updates too.
1
2
Jun 4, 2023
129 Posts
Joined Aug 2015
Jun 4, 2023
quickstart88
Jun 4, 2023
129 Posts
Quote from KingB :
Check insurance first, I almost pull the trigger, then find out insurance will be 3x what I'm paying now.
You really need to shop around for deal. Sure if you drive a beaten up car and pay 2 to 3 hundreds every 6 months or 6 to 7 hundred a yr but now with a new car it's like 1.5k to 2k. It's really no different to buying a brand new ice car in that price point
Jun 4, 2023
200 Posts
Joined Nov 2019
Jun 4, 2023
StankNasty411
Jun 4, 2023
200 Posts
Quote from KingB :
Check insurance first, I almost pull the trigger, then find out insurance will be 3x what I'm paying now.
Yep, plus utilities are raising their fixed charges on electric bills and separating them out in tiers.

An EV will absolutely push you into the next tier or two, resulting in $15-30 or more per month in additional fixed charges. As utilities have to upgrade and replace transformers to sustain all this new load, you can bet those fixed fees will be going much higher on high usage tiers, who will be EV owners.

Rest assured states/counties will only hike the registration fees as well to recoup tax dollars not realized at the gas pump.
1

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Jun 4, 2023
129 Posts
Joined Aug 2015
Jun 4, 2023
quickstart88
Jun 4, 2023
129 Posts
Quote from DavidS1567 :
I've had a Model 3 for over 4 years now, best car I've ever owned. Not a single problem and all I've ever needed was washer blades, washer fluid and a set of tires. Car is constantly getting better and better too with free over the air software updates too.
Coming up in 5 yrs. Just cabin air filter, windshield fluids and tires rotation. Yes still oem tires. Don't drive much but it's the best darn car I have ever owed
Jun 4, 2023
18,989 Posts
Joined Feb 2010
Jun 4, 2023
Binar
Jun 4, 2023
18,989 Posts
Quote from dave8686 :
Who doesn't have. $7500 tax liability?
could be April of '22 tbh. SDers are cryptic sometimes
Jun 4, 2023
92 Posts
Joined Aug 2014
Jun 4, 2023
TheFlyingAfrican
Jun 4, 2023
92 Posts
Quote from adrenix :
That's correct. The battery on the Model 3 RWD (base model) is made in China, so it does not qualify for the full credit.
Except Tesla now states ALL new model 3 even those in inventory qualify for full $7500.

That being said I'd only get an LFP battery model because lower risk of fire, lower thermal runaway risk and no issues charging to 100% all the time
Jun 4, 2023
200 Posts
Joined Nov 2019
Jun 4, 2023
StankNasty411
Jun 4, 2023
200 Posts
Quote from Knightshade :
This is like a Greatest Hits Of Already Debunked FUD Applause
Apparently you don't know much about copper mining or the power grid. I happen to invest in one and work in the other Smilie
1
1
Jun 4, 2023
129 Posts
Joined Aug 2015
Jun 4, 2023
quickstart88
Jun 4, 2023
129 Posts
Quote from StankNasty411 :
Yep, plus utilities are raising their fixed charges on electric bills and separating them out in tiers.

An EV will absolutely push you into the next tier or two, resulting in $15-30 or more per month in additional fixed charges. As utilities have to upgrade and replace transformers to sustain all this new load, you can bet those fixed fees will be going much higher on high usage tiers, who will be EV owners.

Rest assured states/counties will only hike the registration fees as well to recoup tax dollars not realized at the gas pump.
Whatever the utilities cost are, it's still 1/3 the price of gas charging at home.
1
Jun 4, 2023
92 Posts
Joined Aug 2014
Jun 4, 2023
TheFlyingAfrican
Jun 4, 2023
92 Posts
Quote from Knightshade :
I mean, it's literally not.

Maybe read the actual words I wrote next time?




MEANWHILE BACK IN REALITY


https://www.caranddriver.com/news...kc-recall/





In fact the story notes 100% of fires from this issue so far have been while the car was parked and off.


Spoiler- those are gasoline cars- not EVs.



https://www.thedrive.com/news/hyu...-fire-risk



All of the >half million cars run on gasoline.



FACT: Gas cars catch on fire massively more often than EVs.

EV fires are in fact quite rare.


It's a nonsense FUD thing from anti-ev people.





Not entirely sure I'm clear on your question?

Leasing companies can get the credit because the law explicitly makes an exception to the income limits for qualified leasing and for businesses.

(In theory you can ALSO get around the income limit if you have your own registered business and the business buys the car- but that's significantly more complex- speak to a CPA if you want to look into that route)
So what people tend to miss in statistics is frequency vs impact.
Sure ICE fires might be more frequent (on a total number of cars basis) but they are also a lot easier to extinguish.
So nuclear weapon use is statistically extremely low chance if happening, yet we worry about it because of the impact of even a single nuclear exchange
1
Jun 4, 2023
129 Posts
Joined Aug 2015
Jun 4, 2023
quickstart88
Jun 4, 2023
129 Posts
Quote from TealWriter7645 :
People who buy cars know about fees. Car dealerships charge, nitrogen fees in tires, Doc fees, Dealer doc fees, Vin window etch fees, Destination fees, Cleaning packages and more.
Its amazing that people are still throwing shades on EV. Nip picking on minor cost like home charging installation cost, tax and destination cost . What about ICE car dealership charging thousands on market adjustment added to msrp.

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Jun 4, 2023
865 Posts
Joined Jan 2014
Jun 4, 2023
flunder
Jun 4, 2023
865 Posts
Quote from Cravit8 :
Lost me at saying a year of oil change is $30. Just synthetic oil for my car alone is $36, oil changes at the trustworthy shop are $90
I use synthetic as well even though the car doesn't require it. I usually get a box of two 5 quarts from Costco and that will last me 2 years. Car takes 4 qt with a qt left for other power equipment. Plus filter, some paper towel and a pair of rubber gloves... Slide pan under car, drain (waiting for this takes most of the time), replace filter, refill, takes about 15 minutes. I recycle oil every few years when the 5 gal container fills up. I refuse to go to a shop for this since by the time a shop take my car key, I am done with the oil change already.
Last edited by flunder June 4, 2023 at 01:14 PM.

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