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expiredxTorquEx posted Apr 5, 2024 5:46 PM

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

$40,490

$44,990

10% off
(For Qualified Buyers)
1M 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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1.5K Comments

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Apr 7, 2024 12:16 AM
334 Comments
Joined Jun 2015
ChlamberApr 7, 2024 12:16 AM
334 Comments
Quote from leeak :
But the money you saved is loss on resale value.

"A recent study from iSeeCars.com showed the average price of a 1- to 5-year-old used EV in the U.S. fell 31.8% over the past 12 months, equating to a value loss of $14,418."

I don't drive enough to offset that.
The major growth wave of EV sales also coincides with the unprecedented pricing increases of 2020-2022. Now that pricing has come back to earth many consider that to be "depreciation", yet the same isn't factored for the $10k+ dealer markups that were prevalent in legacy ICE vehicles. I refuse to treat numbers from that abnormal period of time as though that's to be expected going forward.
Apr 7, 2024 12:39 AM
354 Comments
Joined Nov 2018
LuisG9065Apr 7, 2024 12:39 AM
354 Comments
I would definitely lease one but not right now. My car is still running pretty well for being 14 years old and I have no interest in taking another monthly payment.
Apr 7, 2024 1:02 AM
250 Comments
Joined Jul 2009
TheDeak08Apr 7, 2024 1:02 AM
250 Comments
Quote from krt1107 :
A 10 year old corolla is a shit box. TBH, if you own anything past 6-8 years, they are out of date and in poor condition. Generally meant to be for poor people. A decent middle class standard is to treat yourself to a new car home 4 nice vacay which is middle class standard, also a reward for being productive member of a society.
Thinking like this is exactly why a lot of people are broke. I drive an 11 year old car and it still looks/runs great. If you take care of something it doesn't become a POS after 7-8 years. Amazing concept.
Apr 7, 2024 1:07 AM
4.7K Comments
Joined Mar 2005
1jzgteApr 7, 2024 1:07 AM
4.7K Comments
Quote from TheDeak08 :
Thinking like this is exactly why a lot of people are broke. I drive an 11 year old car and it still looks/runs great. If you take care of something it doesn't become a POS after 7-8 years. Amazing concept.
The concept of "thinking" doesn't apply to him
Apr 7, 2024 1:08 AM
3.8K Comments
Joined Apr 2011
kida182001Apr 7, 2024 1:08 AM
3.8K Comments
Quote from sahkuh :
My AGI is too high to get the tax credit. Why can't I be poorer Frown
Take a trip into the emergency room.
2
Apr 7, 2024 1:13 AM
1.4K Comments
Joined Oct 2010
almightysApr 7, 2024 1:13 AM
1.4K Comments
So much misinformation in this thread. All the EV hater who can't afford one with there 550 credit score come out in droves lol
4
Apr 7, 2024 1:13 AM
75 Comments
Joined Mar 2011
skank2dis1Apr 7, 2024 1:13 AM
75 Comments
Quote from sahkuh :
My AGI is too high to get the tax credit. Why can't I be poorer Frown
I hate you!!! Hahaha
1

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Pro
Apr 7, 2024 1:23 AM
7.4K Comments
Joined Dec 2007
mrm16
Pro
Apr 7, 2024 1:23 AM
7.4K Comments
Quote from michaelh888 :
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.
Lucky! My state doesn't offer any rebate whatsoever. Stingy bastards!
Last edited by mrm16 April 6, 2024 at 06:31 PM.
1
Apr 7, 2024 1:23 AM
27 Comments
Joined Jul 2011
sterlingbludApr 7, 2024 1:23 AM
27 Comments
Quote from sahkuh :
My AGI is too high to get the tax credit. Why can't I be poorer Frown
What type of work do you do?
Apr 7, 2024 1:29 AM
63 Comments
Joined Sep 2011
potter622Apr 7, 2024 1:29 AM
63 Comments
Quote from tony310s :
lol half of the people commenting on here can't even afford this car so not sure why they are on here putting in their 2 cents.

Anyways I bought mine in late Feb with the extra $1k off. I feel like I got a great deal and love it so far. Very fun and fast car to drive!!!!!!!! If you are in the market buy it now... I never understood waiting to buy something you really want just to save a couple of dollars. That only means you didn't really want it in the first place. Oh well my 2 cents lol!!!
What makes you believe people here commenting can't afford the car? People like you are called arrogant, and are a disgrace. My 2 cents
Apr 7, 2024 1:32 AM
237 Comments
Joined Nov 2010
TensoneuApr 7, 2024 1:32 AM
237 Comments
Quote from JakeF2980 :
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.
Get your facts straight instead of posting misinformation.
4
Apr 7, 2024 1:33 AM
51 Comments
Joined Nov 2011
ed.deApr 7, 2024 1:33 AM
51 Comments
Quote from hottie :
Didn't it expire on March 31st ?
Don't consider FSD or EAP with Vision only 2024 models. Summon, Smart Summon and AutoPark are disabled.
Apr 7, 2024 1:38 AM
237 Comments
Joined Nov 2010
TensoneuApr 7, 2024 1:38 AM
237 Comments
Quote from leeak :
You're right, it s a different mindset. My cars a paid off and currently EV doesn't make sense to people like me. Different demographic has different mindset of wealth management. You do you!
Right everyone's situation is different. However sometimes some lease deals are better than actual purchases outright of a car.

The best one was when we leased a 2018 Kia Soul EV for $150/mo for 3 years. $2k down.
Apr 7, 2024 1:40 AM
2.4K Comments
Joined Apr 2006
hottieApr 7, 2024 1:40 AM
2.4K Comments
Quote from ed.de :
Don't consider FSD or EAP with Vision only 2024 models. Summon, Smart Summon and AutoPark are disabled.
Auto park works for me, just did it today. Will test summon tomorrow.

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Apr 7, 2024 1:41 AM
1.2K Comments
Joined Aug 2007
cloudiettApr 7, 2024 1:41 AM
1.2K Comments
Cheapest long range is 47,200 in my area. I wish I can find this deal

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