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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 1,006,732 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 11:34 PM
4,661 Posts
Joined Mar 2006
PhasersApr 07, 2024 11:34 PM
4,661 Posts
Quote from TealGame4096 :
So there is a loophole if you can handle paying for the car in full or have like a credit union with a great rate. Look into the EV lease early buy out loophole. Basically, the car dealerships set it up so the new EV rebate still pays them regardless of where the vehicle was built and you typically can get them to pass it on to you (minus the lease set up/early termination fees... usual about 1K and any interest generated while you're paying it off). We did this on my wife's Genesis and paid it off in under a month all online without much hassle.
Depends on how your state taxes leases. This is really bad advice in some states
Apr 07, 2024 11:36 PM
53 Posts
Joined Jun 2017
wilm345Apr 07, 2024 11:36 PM
53 Posts
Quote from MoisesA7010 :
same as back towards end of last year. Tesla raised the price for the Y and then did these inventory discount. not much has changed.

I still feel bad for those who bough in 22. Model y Performance were $70K+ and people bought it without hesitation and a smile thinking cars would continue to appreciate. Overnight people learned they got bent over and used for $20-30K
Honestly even buying at peak prices followed by price cuts you aren't loosing much more money than other cars. 40-50% depression in the first few years is normal. Of course some people are angry because they lost money relative to recent tesla buyers but I'm not sure what they expected.
1
Apr 08, 2024 12:28 AM
221 Posts
Joined Apr 2018
NetbookjunkieApr 08, 2024 12:28 AM
221 Posts
Keep the car for 10 years only buying tires every 25K miles and your still $$ way ahead.
Apr 08, 2024 12:56 AM
75 Posts
Joined Dec 2017
flukerumboApr 08, 2024 12:56 AM
75 Posts
Quote from borovy3488 :
As soon as I can find a decent new EV that I can own in 5, possibly 6, years after a monthly payment of $300 with $0 down, I'll buy it. I almost caved and bought the Bolt, but couldn't get over how terrible they looked on the outside.
You can't even get a decent regular car with that lol
1
Apr 08, 2024 01:00 AM
195 Posts
Joined Feb 2011
gogosharksApr 08, 2024 01:00 AM
195 Posts
Quote from LivelyManatee4450 :
If you charge at home with PG&E, your price would be about 50 cents per kWh, your cost per mile is 16 cents. Suggest you look around for super charging. My Tesla super charge station costs 14 cents per kWh after 8pm. Even peak is just 29 cents ,way lower than PG&E.

Without solar, PG&E charge cost is higher than gas.
Yeah if home charging off the grid, you might want to just consider a hybrid not an EV
Apr 08, 2024 01:01 AM
394 Posts
Joined Aug 2019

This comment has been rated as unhelpful by Slickdeals users.

Apr 08, 2024 01:14 AM
1,877 Posts
Joined May 2006
savApr 08, 2024 01:14 AM
1,877 Posts
We're about to be flooded by cheap Chinese electric cars. Chinese consumers are already feeling it, prices are dropping like a rock, there is also a glut of incentives everywhere. I would not invest in Tesla at this time even if you really want it: prices will be dropping more and more. My next car will likely be a hybrid.
3

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Apr 08, 2024 01:48 AM
108 Posts
Joined Jun 2006
ayenocApr 08, 2024 01:48 AM
108 Posts
Glad I purchased a Model Y Performance for $40,700 after $7500 instant credit and $4200 off MSRP on Mar 22, 2024. $47.5k OTD in California. Some of my coworker paid $87k last June. I think I got a good deal!
1
3
Apr 08, 2024 01:51 AM
782 Posts
Joined Nov 2012
OGSDERApr 08, 2024 01:51 AM
782 Posts
Quote from bhasins :
Can you elaborate why leasing is better than buying on this particular brand? Also, is one model better to lease than the other?
All the finance gurus always parrot the same information and foam at the mouth at leases and say it's the worst thing you can do.

With a lease, you lock in the residual value of the vehicle. At the end of the lease, if your actual value is higher than the residual, congrats, you've MADE money. This is what we've seen the past few years. If the actual value is less than the residual, you SAVED money because you've paid less than the actual depreciation of the vehicle. In most cases, you have the ability to buy out the lease at the end of your term.

This is a great option to have when technology is rapidly changing and you want the newest without committing to a long commitment. Even if you purchase, the asset will rapidly depreciate because better technology is coming.
1
Apr 08, 2024 01:54 AM
782 Posts
Joined Nov 2012
OGSDERApr 08, 2024 01:54 AM
782 Posts
Quote from sav :
We're about to be flooded by cheap Chinese electric cars. Chinese consumers are already feeling it, prices are dropping like a rock, there is also a glut of incentives everywhere. I would not invest in Tesla at this time even if you really want it: prices will be dropping more and more. My next car will likely be a hybrid.
Name a single electric vehicle from a Chinese brand that will be in the American market in the next 24 months.
Apr 08, 2024 01:59 AM
6,061 Posts
Joined Mar 2008
dcliveApr 08, 2024 01:59 AM
6,061 Posts
Quote from OGSDER :
Name a single electric vehicle from a Chinese brand that will be in the American market in the next 24 months.
2025 Volvo EX30
Apr 08, 2024 01:59 AM
54 Posts
Joined Feb 2015
RastaquilhaApr 08, 2024 01:59 AM
54 Posts
Is tesla reliable? idk if I should buy a Model Y or 2024 toyota Rav 4 hybrid.
Apr 08, 2024 02:09 AM
1,877 Posts
Joined May 2006
savApr 08, 2024 02:09 AM
1,877 Posts
Quote from OGSDER :
Name a single electric vehicle from a Chinese brand that will be in the American market in the next 24 months.
"Nio has announced plans to enter the US by 2025." Geely and BYD are really close behind.​ That is if Biden manages to somehow stay in power, but Trump will kill the deal with tariffs.
Last edited by sav April 7, 2024 at 08:24 PM.
4
Pro
Apr 08, 2024 02:10 AM
893 Posts
Joined Jun 2005
scraejtp
Pro
Apr 08, 2024 02:10 AM
893 Posts
Quote from OGSDER :
Name a single electric vehicle from a Chinese brand that will be in the American market in the next 24 months.
Polestar 2/3/4/5
Last edited by scraejtp April 7, 2024 at 08:13 PM.

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Apr 08, 2024 02:19 AM
2,468 Posts
Joined Nov 2010
MasterRiggerApr 08, 2024 02:19 AM
2,468 Posts
What's the SD record for posts in a thread?
2

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