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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 1,006,685 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 11:14 PM
1,406 Posts
Joined Dec 2009
EliteZagsApr 06, 2024 11:14 PM
1,406 Posts
Model S is the only attractive looking Tesla

Worst to best:

Y (like driving an egg)
Truck
3 (as meh as can be)
X
S
8
Apr 06, 2024 11:14 PM
42 Posts
Joined Nov 2021
srikp1Apr 06, 2024 11:14 PM
42 Posts
Does Tesla allow business lease with 30k + miles per annum?
Apr 06, 2024 11:19 PM
2,404 Posts
Joined Nov 2005
minghiApr 06, 2024 11:19 PM
2,404 Posts
Quote from FrankN3279 :
My off peak charging is 6c/Kw hour in MN
That might be just the generation portion of your bill. How about the transmission/distribution costs? Should be close to 8c
Apr 06, 2024 11:26 PM
2,468 Posts
Joined Nov 2010
MasterRiggerApr 06, 2024 11:26 PM
2,468 Posts
A few things that a lot of buyers don't consider are the cost of tires. Tires wear out faster because of the weight and acceleration of the car. Put cheap tires on and you lose driving range and it shortens the mileage life and increases the road noise . Your insurance liability might be going up soon. The government and the insurance company's are looking into the damage that a 10k lb vehicle causes in vehicle to vehicle collisions. Study's are showing that personal injury and property loss are higher in crashes involving ev vehicles.
Last edited by MasterRigger April 6, 2024 at 05:29 PM.
1
3
Apr 06, 2024 11:41 PM
43 Posts
Joined Jan 2022
SociableSeed594Apr 06, 2024 11:41 PM
43 Posts
Quote from Knightshade :
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 [irs.gov]
Last I read Tesla was not doing POS because they aren't a "dealer."
Apr 06, 2024 11:42 PM
686 Posts
Joined Feb 2018
DealFreak1Apr 06, 2024 11:42 PM
686 Posts
Let me know if someone is planning to buy 😊
1
Apr 06, 2024 11:48 PM
146 Posts
Joined Apr 2014
JakeF2980Apr 06, 2024 11:48 PM
146 Posts
Have a feeling there is going to be a firesale on EVs. Government injected a ton of money into a product nobody wants and now they are all going tits up. Tesla will probably be OK but the rest are dying off left and right.
1

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Apr 06, 2024 11:59 PM
3,597 Posts
Joined Aug 2006
RussellJohnsonApr 06, 2024 11:59 PM
3,597 Posts
Quote from MasterRigger :
A few things that a lot of buyers don't consider are the cost of tires. Tires wear out faster because of the weight and acceleration of the car. Put cheap tires on and you lose driving range and it shortens the mileage life and increases the road noise . Your insurance liability might be going up soon. The government and the insurance company's are looking into the damage that a 10k lb vehicle causes in vehicle to vehicle collisions. Study's are showing that personal injury and property loss are higher in crashes involving ev vehicles.
"EV vehicles" = electric vehicle vehicles
2
1
Apr 06, 2024 11:59 PM
334 Posts
Joined Jun 2015
ChlamberApr 06, 2024 11:59 PM
334 Posts
A model Y long range from inventory starts at $37,490 after $7500 point of sale tax credit. It was $36,090 two months ago yet there were no articles written about it. Why do I see so many now when the price is actually higher?
Apr 07, 2024 12:01 AM
2,321 Posts
Joined Dec 2010
roberthhidApr 07, 2024 12:01 AM
2,321 Posts
Unsold inventory is at a record high so prices will drop even further.
Apr 07, 2024 12:01 AM
139 Posts
Joined Aug 2020
FancyScene4255Apr 07, 2024 12:01 AM
139 Posts
Does anyone know for sure if the 7500 tax credit is immune from the AMT? I've been bitten by that before and it really sucks!
Apr 07, 2024 12:01 AM
334 Posts
Joined Jun 2015
ChlamberApr 07, 2024 12:01 AM
334 Posts
Quote from lesns2001 :
Once they hit $35K for a Long Range Model Y I'll be in!
It was $36,090 just this past February. Almost.
Apr 07, 2024 12:03 AM
139 Posts
Joined Aug 2020
FancyScene4255Apr 07, 2024 12:03 AM
139 Posts
Quote from roberthhid :
Unsold inventory is at a record high so prices will drop even further.
US Corporations will dump stuff in a landfill before they firesale inventory and sacrifice next quarter's profits... Think Apple Lisa/Macintosh...
1
Apr 07, 2024 12:10 AM
192 Posts
Joined Dec 2013
demigoApr 07, 2024 12:10 AM
192 Posts
Quote from Chlamber :
A model Y long range from inventory starts at $37,490 after $7500 point of sale tax credit. It was $36,090 two months ago yet there were no articles written about it. Why do I see so many now when the price is actually higher?
It doesn't make sense to subtract the 7500 credit from the price of the car. The POS credit, if applicable, applies after the taxes are added up to the total price. So the effective credit we get is 7500 derated by the taxes.

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Apr 07, 2024 12:10 AM
76 Posts
Joined Aug 2017
chisss1Apr 07, 2024 12:10 AM
76 Posts
Quote from JollyHome539 :
This feels like we are in China now. Good job Slickdeals.
Nobody is forcing u to be here. 🤷🏻 ♂️

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