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.
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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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He is looking at model Y.
That was the whole point of the change and offering the credit to lower income individuals to drive adoption and sales.
Is this not correct?
That was the whole point of the change and offering the credit to lower income individuals to drive adoption and sales.
Is this not correct?
Tax credit is Non Refundable and you can't roll it forward so you need 7500 in tax liability the year you buy it.
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Tax credit is Non Refundable and you can't roll it forward so you need 7500 in tax liability the year you buy it.
Obviously, I wouldn't do it unless there is additional guidance confirmed that's how it's working, but I can't believe they'd come out and say those things without it coming from somewhere official …. 😒 pretty dirty on their ends to report on that.
It's always been this way in car world.
PSA: if you want this brand, lease it with no money down.
330 miles advertised and being asked to charge for 80% gives 264. Cold weather impact another 20%? Gives 211 miles. Technically what is the range in summer and winter for someone in north east?
That was the whole point of the change and offering the credit to lower income individuals to drive adoption and sales.
Is this not correct?
In regards to the people that make too much and don't qualify, you can still qualify if you lease. The dealer will prorate the tax incentive into your lease term.
I still own my gas car, yes, filling up your tank is way faster. But assuming you have charging set up at home, filling your gas car up feels more of an inconvenience in comparison. If you do not or cannot have a home charger, they do have a bunch of superchargers around at least in my area, but... charging can take 20 to 30+ minutes, and if it's congested, I've seen some people having to wait for an open spot to charge.
My recommendation is to test drive multiple times to see if this car is for you. I think most dealerships allow overnight demo drive, so ask and see if that's available. Test drove 3x before deciding it was the car for me. For those that don't want a Tesla, that's cool, just move onto another deal.
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In regards to the people that make too much and don't qualify, you can still qualify if you lease. The dealer will prorate the tax incentive into your lease term.
I still own my gas car, yes, filling up your tank is way faster. But assuming you have charging set up at home, filling your gas car up feels more of an inconvenience in comparison. If you do not or cannot have a home charger, they do have a bunch of superchargers around at least in my area, but... charging can take 20 to 30+ minutes, and if it's congested, I've seen some people having to wait for an open spot to charge.
My recommendation is to test drive multiple times to see if this car is for you. I think most dealerships allow overnight demo drive, so ask and see if that's available. Test drove 3x before deciding it was the car for me. For those that don't want a Tesla, that's cool, just move onto another deal.
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