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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 4:06 AM
270 Comments
Joined Dec 2014
savenmavenApr 7, 2024 4:06 AM
270 Comments
Pretty wild that you can get a car that goes 0-60 in 3.5sec, somewhere around 100mpg equivalent, and seating for up to 7 small humans for around $40k.
1
2
Apr 7, 2024 4:06 AM
2K Comments
Joined Nov 2008
gt5ohApr 7, 2024 4:06 AM
2K Comments
You sure you don't want a Fisker Ocean instead?
1
Apr 7, 2024 4:09 AM
164 Comments
Joined May 2015
dealer91Apr 7, 2024 4:09 AM
164 Comments
Quote from SonofZeus :
"New" means: never titled/full factory warranty.
It's always been this way in car world.
PSA: if you want this brand, lease it with no money down.
Any reason why lease is suggested over financing? Thanks
Apr 7, 2024 4:10 AM
3 Comments
Joined Oct 2020
SiennaTent1490Apr 7, 2024 4:10 AM
3 Comments
Quote from HarishH5314 :
Fsd transfer is still there
I'm sorry can you point me to where it says that? My offer expired end of march and I can't find it anywhere on their site. I kind of regret not renewing my x during that. Is the supercharging also transferring? Thanks!
Apr 7, 2024 4:13 AM
1.8K Comments
Joined Dec 2007
triggerhappy007Apr 7, 2024 4:13 AM
1.8K Comments
Quote from yazyazoo :
How did you get the $7500 federal tax rebate? Was this before IRA EV changes? I don't think it's offered anymore in 2024 for the Rav4 Prime. Currently I see Toyota is offering $6500 Toyota Cash if leased on Rav4Prime which isn't the$7500 federal tax credit.

I am looking at getting a Rav4Prime and would like to save $7500 if possible.
Right, they must have gotten it before April 18, 2023. I test drove a RAV4 Prime that wasn't charged and it sounded horrible.
Quote from FatFreddysCat :
Just a data point:

2018 Toyota Prius
Phoenix, AZ

We consistently get 58 to 62 mpg depending on whether or not we are running the AC. We drive it like a normal car, but do not accelerate rapidly or brake at the last minute. 90% surface roads, 10% highway.

With gas around $4/gallon (usually less) ===> $0.07 per mile.
Right, the only way they would get 4 cents a mile is driving a hybrid that gets 100 miles per gallon.
Apr 7, 2024 4:23 AM
1.8K Comments
Joined Dec 2007
triggerhappy007Apr 7, 2024 4:23 AM
1.8K Comments
Quote from demigo :
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.
Depends on your state's tax laws. I know CA sucks because you get taxed on the price before rebates/tax credit. In most other states, you get taxed after.
Pro
Apr 7, 2024 4:23 AM
828 Comments
Joined Nov 2010
nsurg
Pro
Apr 7, 2024 4:23 AM
828 Comments
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.
A few things a lot of nay-sayers don't consider is grammar or logic when they criticize a car they have never driven.
2

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Apr 7, 2024 4:40 AM
154 Comments
Joined Jul 2018
BoV6227Apr 7, 2024 4:40 AM
154 Comments
Quote from chitownow :
Not if price on gas will go up.... Then EV become popular again
It's almost $6 in San Diego.
3
Apr 7, 2024 4:41 AM
187 Comments
Joined Apr 2004
Real-DealsApr 7, 2024 4:41 AM
187 Comments
Wait don't jump yet, it's gonna be even lower very soon!
Apr 7, 2024 4:42 AM
3.5K Comments
Joined Oct 2006
waterfrontApr 7, 2024 4:42 AM
3.5K Comments
love the car and the price. $374 + $2999+ $250 and minus the total gas cost for 3 years (~ 12k) you will come out winner with the lease dal.
1
Apr 7, 2024 4:43 AM
154 Comments
Joined Jul 2018
BoV6227Apr 7, 2024 4:43 AM
154 Comments
I'm a veteran with fixed income and the price is still too high for me.
1
Apr 7, 2024 4:44 AM
368 Comments
Joined Jun 2017
jproeclipseApr 7, 2024 4:44 AM
368 Comments
Quote from gt5oh :
You sure you don't want a Fisker Ocean instead?
It's garb
Apr 7, 2024 4:46 AM
3.6K Comments
Joined Jun 2012
jl2672aApr 7, 2024 4:46 AM
3.6K Comments
Wow. I waited 15 months for my order at $55,900 in 2022. My friend did worse, paying $67,900 at the peak of the market. And I didn't even get the tax credit because Tesla sold too many. How can they afford to sell these at $46k? It's pretty infuriating for current owners cause it sinks our resale values.

Love the car but hate the price drops after the fact.
1
4
Apr 7, 2024 5:07 AM
1.6K Comments
Joined Oct 2016
LaughinGassApr 7, 2024 5:07 AM
1.6K Comments
Quote from jl2672a :
Wow. I waited 15 months for my order at $55,900 in 2022. My friend did worse, paying $67,900 at the peak of the market. And I didn't even get the tax credit because Tesla sold too many. How can they afford to sell these at $46k? It's pretty infuriating for current owners cause it sinks our resale values.

Love the car but hate the price drops after the fact.
Did you buy it to drive it, or to sell it? Cars are not really an investment, so don't treat it as such.
2

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Apr 7, 2024 5:13 AM
881 Comments
Joined May 2007
Shamu23Apr 7, 2024 5:13 AM
881 Comments
Quote from LaughinGass :
Did you buy it to drive it, or to sell it? Cars are not really an investment, so don't treat it as such.
Yea exactly! You don't buy a car expecting to appreciate in value. But if I bought at the peak and saw the value dropping so much I'd be pissed too
1

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