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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 07, 2024 12:15 PM
532 Posts
Joined Nov 2013
SirMarvinHagglerApr 07, 2024 12:15 PM
532 Posts
Quote from Nattefrost :
Are these just as noisy inside as model 3
Newer Model Ys got double-pane glass and swapped some hard surfaces for sound-absorbing carpet. They're quiet-ER than before, and definitely more tolerable compared to early builds.

At high speeds, wind noise is the primary driver of sounds, followed by tire. In this way, it's as quiet as any other non-luxury brand, but if you're coming from Lexus, BMW, and friends, it'll feel like driving a Volkswagen or Chevrolet
1
Apr 07, 2024 12:23 PM
14 Posts
Joined Jul 2007
macd231usApr 07, 2024 12:23 PM
14 Posts
Quote from imperialdrive :
I commute 20 miles a day plus 800 miles a month for trips. Picked up a very comfy Toyota used for 8K that needed some work. 4K and a week later I had a very well running car. Insurance is 100/mo. Registration is 200/yr. It has really well thought out buttons so I don't have to mess with a touchscreen. Spare parts are a breeze if need be. I get an oil change twice a year which is done in 5 minutes while I sit in my car for $50.

I *could* drop 40-50K out the door for a Tesla, which would mean 800/yr registration, 200+/mo insurance, having to deal with a charger at home, or even worse out in public for 4x the time and hassle. The interest and return on my savings pays for my gas. However, I could go really really fast in this Tesla but that's the last thing I ever want to do because it's dangerous and I value safety for all things around me. I'd also rather reduce and reuse by buying used which is good for the environment.

So who are these absolute morons embarrassing America daily?
great thorough reply!
1
Apr 07, 2024 12:25 PM
14 Posts
Joined Jul 2007
macd231usApr 07, 2024 12:25 PM
14 Posts
Quote from VehlaJatt :
So I bought at 52,990. But yes it is shitty experience, but Elon is super pro consumer. No other manufacture dare drop their MSRPs. This is single handedly destroying the car market. No one wants other vehicles, if a Tesla is cheaper by the day and it fits their lifestyle.
dare drop their MSRPs-because they were too high in the first place. As for updates-if something is frequently getting updated it could also be that it was not good to begin with. (so updates go both ways)
2
Apr 07, 2024 12:51 PM
224 Posts
Joined Dec 2004
slay2000Apr 07, 2024 12:51 PM
224 Posts
I would wait until near end of quarter to see if price is even better (or you get some good freebie extras). But if you need a car today this is a good price and as a Tesla owner would recommend.

You should have a way to charge the car at home since it really adds to the convenience.
Apr 07, 2024 01:19 PM
160 Posts
Joined Nov 2019
spaceXKApr 07, 2024 01:19 PM
160 Posts
Quote from TenseCrayon5804 :
If you had shared that here, you would have gotten the same responses and likes two months ago lol
Long range AWD inventory was about 41,000-42,000 - 7,500 during last week of December & few days in January which is 4 months ago for, roughly the pre-tax price 33,500 to 34,500!

The current price is nowhere close to that. Price of Model Y will definitely go down for whoever is worth considering it.
1
Apr 07, 2024 01:26 PM
160 Posts
Joined Nov 2019
spaceXKApr 07, 2024 01:26 PM
160 Posts
Quote from Chlamber :
It was $36,090 just this past February. Almost.
Long range AWD inventory was about 41,000-42,000 - 7,500 during last week of December & few days in January which is 4 months ago for, roughly the pre-tax price 33,500 to 34,500!

The current price is nowhere close to that. Price of Model Y will definitely go down for whoever is worth considering it and can wait.

Even lower when the newer version releases this fall. Tesla China is ramping up to release it by this year
1
Apr 07, 2024 01:38 PM
264 Posts
Joined Aug 2006
helyesApr 07, 2024 01:38 PM
264 Posts
I bought my car in the last week of January and every car I have seen in inventory since has been at least $4000 more than I paid. We are nearing that infection point where buying the 24 model at this price does not make sense with a refresh coming to the Model Y. This will probably debut in the fall of 2024 with Elon's Robotaxi on 8/8 and have an early Spring release. if you can afford it the prices are decent but but i would hold out for a better deal at the end of Q2 or later. once they announce the new redesign prices will bottom as the 24 will look dated at that point, mirroring what happened to the Model 3 refresh.

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Expert
This user is an Expert in Computers
Apr 07, 2024 01:40 PM
11,898 Posts
Joined Oct 2009
TekkenLord
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This user is an Expert in Computers
Apr 07, 2024 01:40 PM
11,898 Posts
Quote from macd231us :
great thorough reply!
Agreed with him as well! Unsure how Tesla is good for the environment if the cost of used EV and its batteries are sitting in the graveyards unsold. Furthermore, EVs are, first and foremost, technology, not so much proven transportation. The economic impact on waiting to charge battery by the hours is substantial as well. Adding to that, manufacturing and charging these EV create a carbon footprint that is harnful.
Last edited by TekkenLord April 7, 2024 at 07:54 AM.
1
2
Apr 07, 2024 02:07 PM
288 Posts
Joined Oct 2018
WeekendVampireApr 07, 2024 02:07 PM
288 Posts
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!!!
Real SD'ers just want to save. It is never based on need or want. That is why we all have too much of this crap at home but still looking for more deals.
Apr 07, 2024 02:17 PM
36 Posts
Joined Jul 2015
Edge7Apr 07, 2024 02:17 PM
36 Posts
Quote from daweyo :
For those who want to know, I would wait for this version to have an LFP battery if you have been on the fence. The major difference is this technology allows you to recharge to the full 100%, oftentimes only needing to charge once a week.Once you get a Tesla, most people will say you should not charge it past 80% to prolong the battery, but that is for the NMC batteries. I found it strange all the talk on charging the battery when I first bought my Tesla, and that majority users were only charging 80% since you now have reduced range and will have to charge more frequently. Charging more frequently leads to more charge cycles, and it was all exhausting reading everything. This being said, once the LFP batteries come to the Model Y in the US, they will probably not be eligible for the tax credit because the batteries are made in China, and brings the percent of the car made in America less than the required threshold. Either way, in my opinion, I would rather have the LFP battery than is recommended to charge to 100% versus one that recommends 80%, severely limiting the advertised distance of the EV for weekly use.
The current 2024 Model Y has the LFP battery will also has the full tax credits! I bought mine last month and the inventory prices are $1450 higher now. If you want a Model Y you better buy it now. If interest rates drops and demand picks up Tesla will be raising prices. What you can buy for $35k today was at $68k in 2022! Nothing in the car market comes close to what you get for $35k. Hear me now and believe me later what prices rise.
Apr 07, 2024 02:37 PM
15,359 Posts
Joined Sep 2009
KnightshadeApr 07, 2024 02:37 PM
15,359 Posts
Quote from ed.de :
Don't consider FSD or EAP with Vision only 2024 models. Summon, Smart Summon and AutoPark are disabled.
Autopark works just fine in 2024 vision models, A. smart summon (the newer, better, version) is in the current released code, but not yet turned on, it's expected to be within a few weeks.



Quote from FancyScene4255 :
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!
AFAIK the only thing that will disqualify you from taking, and fully keeping, the $7500 point of sale credit on an eligible vehicle, is if your income is too high (over 150k single, 300k married filing jointly)



Quote from SociableSeed594 :
Last I read Tesla was not doing POS because they aren't a "dealer."
Incorrect, they've been doing the point of sale rebate for quite some time, and mention it on the website.





Quote from MisterRunon :
So a quick google shows that the average insurance premium for a Tesla is $250/mo
Insurance costs vary wildly by not just location (down to your zip+4 level of detail) and your age, driving history, marital status, even in some states credit score.... Any general google search will be pretty useless.

Pricing also varies tremendously from one company to the next- a recent comparison (where they got quotes on a Tesla from like 15 different insurance companies- using the same person for each quote) varied from as low as like $1500 a year to as high as like $4500 a year.

Same car, same person, same location, same coverage-- just different insurance company.

My own insurance is about the same on my Tesla as it was on the gasoline Lexus it replaced. YMMV of course.


Quote from MisterRunon :
It also costs money to set up your home to be able to properly charge your car. If you move around often, this can be a problem.
If you drive the average # of miles an American usually does, or less, you can just plug it into a normal wall socket and be fine.

Only if you often drive significantly more than 40-50 miles a day would you need to bother putting in a 240v plug for faster charging... (and many places already have one for their dryer, hot tub, or higher end shop tools).

But yeah if you routinely drive like 100 miles a day or something it's a factor to consider... if your fuse box has space and available amps and is near your charging location it's still going to be under 1k for electrical work most places... but if you've got a weird/complex setup it might be significantly more.


Quote from nuy6n6nn :
no new vehicles in sight (don't even with the cyber "truck" lol)

Why doesn't the truck count? Currently they're selling founder editions, which is basically "If you want to jump to the front of the line pay an extra 20k" and demand is so high they're still getting takers on that.


Quote from nuy6n6nn :
, an aging model 3 (this is a 7 year old car at this point)
So first, it's not QUITE 7 years since the first customer deliveries.... Second, the 3 was just majorly refreshed, with new refresh models only starting deliveries [B]this year[/B}


Quote from nuy6n6nn :
, dwindling market share due to competitors
The majority of all EVs sold in the US are still Teslas.


Quote from nuy6n6nn :
, still no self driving
Supervised FSD rolled out to everyone in North America just 2 weeks ago...


Quote from nuy6n6nn :
CEO who has to continue dumping shares

Elon hasn't sold any Tesla shares since 2022.

You seem to have a lot of inaccurate and out of date info.




Quote from TekkenLord :
Unsure how Tesla is good for the environment if the cost of used EV and its batteries are sitting in the graveyards unsold

Over the cradle to grave lifetime of a vehicle an EV will produce FAR less emissiosn than a gas car.

And the batteries don't go to graveyards-

https://www.tesla.com/support/sus...-recycling
Quote from Tesla :
None of our scrapped lithium-ion batteries go to landfilling, and 100% are recycled.


Quote from TekkenLord :
The economic impact on waiting to charge battery by the hours is substantial as well.
...what? Vast majority of charging is overnight while you sleep.

You waste considerably more time throughout the year fueling a gas car than an EV.



Quote from TekkenLord :
Adding to that, manufacturing and charging these EV create a carbon footprint that is harnful.

Again this is flat out false, total emission over vehicle lifetime- including MFG emissions, are much lower for an EV than a gas car.
3
Apr 07, 2024 02:38 PM
56 Posts
Joined Jun 2006
funrettigApr 07, 2024 02:38 PM
56 Posts
Quote from sahkuh :
My AGI is too high to get the tax credit. Why can't I be poorer Frown
Lease doesn't have agi limit
Apr 07, 2024 02:39 PM
192 Posts
Joined Dec 2013
demigoApr 07, 2024 02:39 PM
192 Posts
Quote from BronadoBobby :
I took delivery on 3/27. Ended up at $32,505 (before fees) with 3 miles on it. I was shocked to see it at $32k. Cancelled my order for one at $34k to grab it.
Just so we understand correctly what was the MSRP of the specific VIN that you got whose price was down to $32.5k after discounts? Essentially, what was the Inventory discount?
Apr 07, 2024 02:42 PM
197 Posts
Joined Sep 2013
AV3905Apr 07, 2024 02:42 PM
197 Posts
Quote from AhmadH1772 :
This is not as good as the March deal. They are all $1000 more expensive. The other discounts were available most of q1.
Thanks for the reminder. I'll wait.

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Apr 07, 2024 02:42 PM
11 Posts
Joined Apr 2007
mooreslawApr 07, 2024 02:42 PM
11 Posts
New cars are still considered new if they have not been titled. The first buyer is the first title holder although the bank or the leasing company holds the title until the lease or loan has been satisfied.
Quote from GreenStraw720 :
Looks like some demo cars are being sold and those are considered new but most of the ones I've looked at through the link, have less than 100 miles on them. It's weird that demo cars are being sold for the same price, though.

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