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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Either early June or early Sept or early Dec will be the best times to buy.
1. Reliability
2. Cost of Repair
3. Depreciation
What are y'all's thoughts on this?
The depreciation for EV's are higher so I would buy a used one with low miles or lease one and then buy which unfortunately teslas don't offer lease to buy
Also I don't think Teslas are "fancy" cars, unless you are talking about the S/X. The 3/Y are meant to be daily commuters and family cars. Someone mentioned Highlander Hybrid, but to get a similar trim (ie leather seats and AWD), you need the Limited trim (51.6k). A RAV4 hybrid with Softex is the XSE trim (38.7k). The MY LR is between those two and so is competitively priced, with vastly superior cruise control/lane assist built in (standard autopilot is very good/safe for the highways).
It's always been this way in car world.
PSA: if you want this brand, lease it with no money down.
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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.
This is not correct,you do not need $7500 in tax liability if you take the credit at point of sale, but then find you have less than $7500 in liability when you file taxes. The IRS will not claw back any difference.
https://www.irs.gov/newsroom/topi...les-credit
A4. The amount of the credit that the electing taxpayer elects to transfer to the eligible entity may exceed the electing taxpayer's regular tax liability for the taxable year in which the sale occurs, and the excess, if any, is not subject to recapture from the dealer or the buyer.
Why are you stopping for an hour to add the amount of charge that should take about 5-10 minutes?
How do you have $2400 in repairs for a car that should've been in full warranty until this year? (and still is for powertrain) unless you drive an unusually high # of miles.
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