expiredxTorquEx posted Apr 05, 2024 05:46 PM
Item 1 of 2
Item 1 of 2
expiredxTorquEx posted Apr 05, 2024 05:46 PM
2024 Tesla Model Y + $7,500 Federal Tax Credit
(For Qualified Buyers)$40,490
$44,990
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Deal Details
Tesla has dropped the base price of the Tesla Model Y from $44,990 down to $40,490. All Model Y vehicles also qualify for the $7,500 Federal Tax Credit (details here).
Thanks to Community Member xTorquEx for finding this deal.
Available models:
Thanks to Community Member xTorquEx for finding this deal.
Available models:
- Tesla Model Y (Standard Range) from $40,490
- Tesla Model Y (Long Range) from $44,990
- Tesla Model Y (Performance Dual Motor All-Wheel Drive) from $48,140
Editor's Notes
Written by megakimcheelove | Staff- 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.
- Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Tesla has dropped the base price of the Tesla Model Y from $44,990 down to $40,490. All Model Y vehicles also qualify for the $7,500 Federal Tax Credit (details here).
Thanks to Community Member xTorquEx for finding this deal.
Available models:
Thanks to Community Member xTorquEx for finding this deal.
Available models:
- Tesla Model Y (Standard Range) from $40,490
- Tesla Model Y (Long Range) from $44,990
- Tesla Model Y (Performance Dual Motor All-Wheel Drive) from $48,140
Editor's Notes
Written by megakimcheelove | Staff- 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.
- Get 1%-5% cash back on deals like this with a cash back credit card. Compare the available cash back credit cards here.
Community Voting
Deal Score
+310
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Top Comments
There's a pattern with Tesla threads here. I don't care if you all wanna discuss the deal or the cars but it always turns into paaaages and paaaages of bickering back and forth and nobody ,except for the few involved, enjoy that or wanna wade through that. So cut that stuff out, please and thank you.
1,479 Comments
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If you are over the income cap you aren't entitled to the benefits of the credit, and if you took it anyway at point of sale you'll owe $7500 back to the IRS when you file your taxes...for someone in that position who wants a Tesla your only option to benefit from the credit is to lease (and you won't have the option to buy it out and ever own it).
On the other hand, if your income is too low, such that you don't have $7500 in tax liability for the credit to offset, the IRS will not bill you for the difference even on a purchase.
You seem confused. The only "account" you need is with Tesla, because that's how you purchase the car-- the only way to order one is at tesla.com. It's also what handles billing for superchargers... and the app using the same login is how you control the vehicle remotely, request service, etc.
None of your data is ever sold.
OTHER car companies in contrast have been selling your private data to third parties for years... GM, via Onstar, for example
https://www.prnewswire.
Not Tesla though.
Our community has rated this post as helpful. If you agree, why not thank ti97
I agree about the 80% being enough for daily commute, but no way in hell is is 250 miles, and I'm a model Y owner myself. Super inflated mileage numbers when battery is near full and then the remaining range becomes more honest as the battery nears depletion, so that people don't get stuck somewhere without a charge. I'd say 70% of the stated range is closer to the truth. No, I don't live in a cold region. In warm CA and I do not drive aggressively. There are numerous real world driving tests published online, and Tesla seems to be the worst in terms of actual vs stated range by far.
On the other hand, if your income is too low, such that you don't have $7500 in tax liability for the credit to offset, the IRS will not bill you for the difference even on a purchase.
You seem confused. The only "account" you need is with Tesla, because that's how you purchase the car-- the only way to order one is at tesla.com. It's also what handles billing for superchargers... and the app using the same login is how you control the vehicle remotely, request service, etc.
None of your data is ever sold.
OTHER car companies in contrast have been selling your private data to third parties for years... GM, via Onstar, for example
https://www.prnewswire.
If you track back to the NYT story you'll find data selling from Kia, Subaru, Mitsubishi, Ford, Honda, Hyundai, etc...
Not Tesla though.
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I'm still driving a 03 Honda Pilot and 06 Scion xB as dailies, now I'm hesitant to even think about new cars
Correct- Tesla doesn't allow lease buyouts- but they do pass the $7500 tax credit through as part of the lease.
Other car companies vary- most do allow buyouts, and some but not all pass the $7500 through (and some only do it in part).
I got model 3 for 53K in September 2022. At that time Y was selling for around 65K!
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Most important is mileage, as it correlates with battery life. I know someone who was one of the first adopters of model S. He drove 100K miles on it. He made the mistake of not plugging it in when he went away for 2 weeks. Came home and the battery was completely dead. Would not start up at all. Tesla wants 16K to replace the battery, but who would pay $16K for a battery replacement (comes with 1 year warranty by Tesla btw) when your car is worth what, 10K? He ended up salvaging it for 2K.
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