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expiredxTorquEx posted Apr 05, 2024 05:46 PM
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expiredxTorquEx posted Apr 05, 2024 05:46 PM

2024 Tesla Model Y + $7,500 Federal Tax Credit

(For Qualified Buyers)

$40,490

$44,990

10% off
1,480 Comments 1,006,747 Views
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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:
  • 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.

Original Post

Written by xTorquEx
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:
  • 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.

Original Post

Written by xTorquEx

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Top Comments

Autumn
49505 Posts
5094 Reputation
Ok look...

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.
AhmadH1772
8 Posts
10 Reputation
This is not as good as the March deal. They are all $1000 more expensive. The other discounts were available most of q1.
BrettL5675
494 Posts
57 Reputation
FYI just because it says "New" doesn't mean it qualifies for the 7500 tax credit. Demo models are new but do not qualify for 7500. If the specific inventory item qualifies it will directly say it on the site.

1,479 Comments

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Apr 06, 2024 05:38 PM
2,914 Posts
Joined Jun 2014
schlackApr 06, 2024 05:38 PM
2,914 Posts
Quote from beggerking :
need FSD transfer...
They have it.
Apr 06, 2024 05:38 PM
4,960 Posts
Joined Jan 2005
SonofZeusApr 06, 2024 05:38 PM
4,960 Posts
Quote from bhasins :
Can you elaborate why leasing is better than buying on this particular brand?
Total cost of ownership in years 4-10 is unacceptable.
Apr 06, 2024 05:40 PM
2,914 Posts
Joined Jun 2014
schlackApr 06, 2024 05:40 PM
2,914 Posts
Yes, it's a phenomenal price for what you get, particularly the long range Model Y. We bought one. However, it's been at this price (and lower under some circumstances) for the past six months, so it's not a radical change of anything.
Apr 06, 2024 05:41 PM
3 Posts
Joined Oct 2017
MikeS7857Apr 06, 2024 05:41 PM
3 Posts
the discount and price has been since jan 2024 how its this a new deal???
Apr 06, 2024 05:44 PM
2,914 Posts
Joined Jun 2014
schlackApr 06, 2024 05:44 PM
2,914 Posts
Quote from SonofZeus :
Total cost of ownership in years 4-10 is unacceptable.
This is true for leasing. Not true for ownership.

Buy a long range Model Y out the door for ~$42K (I assume 7% tax). Hold for 8 years (length of warranty) and sell for ~$12K. Average monthly depreciation is $312/month. Add some buffer for maintenance and total cost of ownership is about $340/

Is leasing cheaper than $340/month?

I ran the numbers on Teslas site and leasing the same car is $524/month plus maintenance. Ok, we don't account for the time cost of money, but we also don't account for the fact that lease costs will increase every 36 months.
Last edited by schlack April 6, 2024 at 11:52 AM.
Apr 06, 2024 05:51 PM
76 Posts
Joined Aug 2017
chisss1Apr 06, 2024 05:51 PM
76 Posts
Quote from mrm16 :
Tesla recently added Supervised FSD for free for one month and also Autopark. Is Autopark for one month as well or a permanent feature?
Auto park is part of EAP or FSD. Not standard without either.
Apr 06, 2024 05:52 PM
1 Posts
Joined Nov 2013
Dimitri11Apr 06, 2024 05:52 PM
1 Posts

Our community has rated this post as helpful. If you agree, why not thank Dimitri11

I do not recommend buying a tesla for one reason. I own a tesla and love it. Last week, I had an accident, and the car will require some repair. You can only repair it at a tesla certified Collison shop. Earliest I found near me to get an estimate was 3 month away, I found one that is a bit far 45 days away, this is just for them to look at it, God knows how much time to get parts and fix it. If you buy it, make sure you get a car rental insurance with it. I live in the Seattle area
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Pro
Apr 06, 2024 05:52 PM
7,200 Posts
Joined Dec 2007
mrm16
Pro
Apr 06, 2024 05:52 PM
7,200 Posts
Quote from chisss1 :
Auto park is part of EAP or FSD. Not standard without either.
Okay that explains. So clearly it's free for just one month along with free FSD.
Apr 06, 2024 05:55 PM
2,914 Posts
Joined Jun 2014
schlackApr 06, 2024 05:55 PM
2,914 Posts
Quote from Swissbuttercream :
Looking like a hockey puck buying Tesla model 3 LR for $60k in 2018
Nah man, I did the same, it was phenomenal value at the time. No other product came close. The market is just moving very fast with EVs. That's a good thing. I traded up my 2018 Model 3 LR for a Model Y for only $16K out of pocket. Also phenomenal value.
1
1
Apr 06, 2024 05:55 PM
76 Posts
Joined Aug 2017
chisss1Apr 06, 2024 05:55 PM
76 Posts
Quote from mrm16 :
Okay that explains. So clearly it's free for just one month along with free FSD.
Correct. It would be nice to have that and summon (to get out of a tight parking space) standard but that would make EAP useless lol.
Apr 06, 2024 05:55 PM
2 Posts
Joined Jun 2021
DelightfulWater1422Apr 06, 2024 05:55 PM
2 Posts
Cheap af
Apr 06, 2024 05:56 PM
1,304 Posts
Joined Nov 2011
janusmanApr 06, 2024 05:56 PM
1,304 Posts
Any savings from gas vanish in registration renewals & sky high insurance costs in CA.
Apr 06, 2024 05:58 PM
50 Posts
Joined Oct 2011
morse1322Apr 06, 2024 05:58 PM
50 Posts

Our community has rated this post as helpful. If you agree, why not thank morse1322

I regret buying mine due to build quaility and poor service but the acceleration really is fast
1
Apr 06, 2024 06:12 PM
60 Posts
Joined Mar 2014
greatyhopeApr 06, 2024 06:12 PM
60 Posts
How cheap can it go?

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Apr 06, 2024 06:12 PM
121 Posts
Joined Dec 2018
alx7Apr 06, 2024 06:12 PM
121 Posts
Quote from sahkuh :
My AGI is too high to get the tax credit. Why can't I be poorer Frown
You should be glad bro, these deals are for poor(er) naive people believing they are saving the planet by buying it
3

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