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expiredxTorquEx posted Apr 05, 2024 05:46 PM
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 1,006,551 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 10:02 PM
125 Posts
Joined Jul 2011

This comment has been rated as unhelpful by Slickdeals users.

Apr 06, 2024 10:03 PM
351 Posts
Joined Feb 2008
michaelh888Apr 06, 2024 10:03 PM
351 Posts
I was lucky to get an inventory MY long range for 45440 back in September last year. It was produced two weeks earlier with less than 20 miles. -500 referral bonus -7500 tax credit -2500 Texas incentive, the total 45440-500-7500-2500=34940 plus charge cable, delivery charge, tax and doc fee.
1
Apr 06, 2024 10:03 PM
698 Posts
Joined Jan 2021
JamaalJohnsonApr 06, 2024 10:03 PM
698 Posts
Quote from LivelyManatee4450 :
Tried FSD for 5 days, IMO Tesla should pay me to test FSD for them, what a joke. I salute to Tesla fans to pay tens of thousands of dollars to test for Tesla, real cult. Sorry offending if you are, I bought a new X/. But my comment is based on my unbiased opinion.
Right now, I feel like they are getting free testing out of us.

And who will spending $12000 on this really benefit in the long run?

I can see it benefiting someone that is inebriated, if they were going to drive regardless. Otherwise, it's really benefitting other drivers.

I trust myself to drive. I don't trust all other drivers. We will get to the point where I trust FSD over other drivers much much sooner than I trust FSD over my own driving.

Quote from user10101 :
I have FSD, purchased it in full and love it. Use it almost daily to make my commute more manageable. Currently on v11, can't imagine how much better v12 can get.
Are you normally a drunk driver? Or a new driver? How does it make a commute more manageable?

Driving doesn't require much energy at all. In fact, FSD currently requires much more energy and effort than driving without it.

Right now it's a really cool toy, but it benefits you when you are driving when you shouldn't be driving.
1
Apr 06, 2024 10:04 PM
3,847 Posts
Joined Aug 2006
TechiManApr 06, 2024 10:04 PM
3,847 Posts
I am not eligible for $7500 credit, can I ask someone else to buy this for me and then they transfers to me. Are there any constraints or limitations that I should be aware of ?
1
Apr 06, 2024 10:09 PM
3 Posts
Joined Apr 2024
CoolPanther5229Apr 06, 2024 10:09 PM
3 Posts
Quote from TechiMan :
I am not eligible for $7500 credit, can I ask someone else to buy this for me and then they transfers to me. Are there any constraints or limitations that I should be aware of ?
I am sure you will have to pay tax again, even as gift they tax you. ChatGPT:
Quote :
In the United States, for example, if you receive a car as a gift, you may need to pay taxes on it if the value of the car exceeds the annual gift tax exclusion amount set by the IRS. However, there are exceptions and exclusions, such as gifts between spouses or gifts below a certain value threshold.
Also nice way to get IRS on your back
Apr 06, 2024 10:13 PM
930 Posts
Joined Feb 2014

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Apr 06, 2024 10:15 PM
3 Posts
Joined Apr 2024
CoolPanther5229Apr 06, 2024 10:15 PM
3 Posts
Quote from cpbong :
It is not a straight up discount, you still have to file for it and qualify come tax time. There are still income limits.
Right about the income limit, and I am sure some form needs to be filed during 2024 retrun, but now the 7500 credit is Point of Sale, so its still kind of discount from Uncle Sam, if your income qualify

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Apr 06, 2024 10:17 PM
190 Posts
Joined Apr 2019
RelaxedSeagull491Apr 06, 2024 10:17 PM
190 Posts
Quote from sahkuh :
My AGI is too high to get the tax credit. Why can't I be poorer Frown
It's a good thing bro. I think most people would rather make more money and not qualify than make less money for a few thousand dollars tax credit
Pro
Apr 06, 2024 10:21 PM
488 Posts
Joined Feb 2018
Nm4223
Pro
Apr 06, 2024 10:21 PM
488 Posts
Also do not forget to book car through someone referral.
3 months of FSD also everybody getting 1 month free, so 4 months.
March they had good stuff, 2000 miles of supercharging and 1 year Premium connectivity along with FSD
I got my car in Dec, got 6 months super charging along with FSD
Feel free to DM me if you need more info/review. It's my first EV.

Edit: adding more info, keep checking inventory regularly, Tesla do reverse of auctioning on the inventory, they keep reducing price till car is bought. There are few discord channel that can send you notifications when new inventory is added.

Edit2: Removing term referral from my DM comment, as it might violate SD rules
Last edited by Nm4223 April 6, 2024 at 04:45 PM.
Apr 06, 2024 10:26 PM
192 Posts
Joined Dec 2013
demigoApr 06, 2024 10:26 PM
192 Posts
Quote from schlack :
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.
The minimum for the MYLR that I can see in inventory is 45k after 5k off. With order and destinations fees and taxes, would come to almost 52k. If you take off federal tax credit, it's about 45k.

How did you get 42k out the door?
Apr 06, 2024 10:35 PM
911 Posts
Joined Mar 2015
azulon12Apr 06, 2024 10:35 PM
911 Posts
Quote from RelaxedSeagull491 :
It's a good thing bro. I think most people would rather make more money and not qualify than make less money for a few thousand dollars tax credit
That depends bro
4
Apr 06, 2024 10:37 PM
12,822 Posts
Joined Oct 2007
arribasnApr 06, 2024 10:37 PM
12,822 Posts
Quote from janusman :
Any savings from gas vanish in registration renewals & sky high insurance costs in CA.
Not to mention 30-60c/kw electricity
2
Apr 06, 2024 10:40 PM
431 Posts
Joined Mar 2010
lesns2001Apr 06, 2024 10:40 PM
431 Posts
Once they hit $35K for a Long Range Model Y I'll be in!
2
Apr 06, 2024 10:47 PM
148 Posts
Joined Dec 2012
FrankN3279Apr 06, 2024 10:47 PM
148 Posts
Quote from arribasn :
Not to mention 30-60c/kw electricity
My off peak charging is 6c/Kw hour in MN

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Apr 06, 2024 11:02 PM
226 Posts
Joined Dec 2008
SarhoshAmiralApr 06, 2024 11:02 PM
226 Posts
Quote from Dr. J :
Yeah. Well, all cars have some miles on them when new - usually like 10 or so. I got a rental a couple months ago that had just over 6 on the dial.

But 2500 is a far cry from 10 laugh out loud
New has a specific definition based on title ownership. If a car was owned by someone else other than the dealer then it is not new. Saying anything else is misadvertising which Tesla is famous for obviously. Afaik even cars used for loaners have a different ownership and can't be sold as new.

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