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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)
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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 8, 2024 4:34 PM
8.1K Comments
Joined Mar 2005
flangomangoApr 8, 2024 4:34 PM
8.1K Comments
Quote from BrightCrayon176 :
I went from approximately $1800 for twon cars annually to approximately $2800 in CA using the gecko company
so what we save on gas, we end up paying to insurance LOL
1
Apr 8, 2024 4:36 PM
1.8K Comments
Joined Oct 2009
ti97Apr 8, 2024 4:36 PM
1.8K Comments
Quote from flangomango :
How expensive is the insurance on these things?

Here's one data point. I live in the bay area in CA. Family has 3 EVs, one of which is a model Y. $2500 for 6 months with Progressive.


I did try Tesla insurance for 6 months, which they gave me the honey moon rate of around $100 per month. I left that when they wanted 2.5x that for renewal, after logging and analyzing your driving the first 6 months.
Apr 8, 2024 4:37 PM
2.4K Comments
Joined Aug 2004
mychaelpApr 8, 2024 4:37 PM
2.4K Comments
Quote from itsubob :
Gasoline in ICE engines degrades in about 3-6 months. Keep an ICE parked unused this long, good chance it won't start at all. If you forget to turn sentry mode off on a long absence, it will automatically turn off at 20%, saving further discharge. If you're not a green plant, CO2 is toxic. Breathing CO2 can result in sickness or death. The majority of cars sold in the US presently are trucks and SUVs that weigh as much or more than an EV. They also pollute more and have poor gas mileage. Yet no one seems to complain about their weight or pollution. Driving habits and high torque/quick acceleration are the most important factors in tire wear.
ok, empty the gas tank, engine still brand new.
CO2 emissions have been around a long time. I'm living longer already than my Grandfather.
Tire wear is also worse just due to weight. And tell the EV buyers who buy with 0-60 in 3 seconds to take it slow.
Tesla drivers crash more often than any other car driver.
Don't think I'm against EVs as I want one, will buy a used M3 when I can get one for $20k cash with less than 50k miles, but they are disposable cars at this point until battery replacement is equal ti ICE.
It degrades every single day even if not used. think about it. We need better battery tech than that. My ICE engine does NOT degrade each day unless it's used.
2
Apr 8, 2024 4:39 PM
291 Comments
Joined May 2013
puffytaxApr 8, 2024 4:39 PM
291 Comments
Quote from UniqueCemetery1707 :
Is this after retirement contributions and other deduction?
Yup in my case.
Apr 8, 2024 4:40 PM
51 Comments
Joined Nov 2011
stevejasper1Apr 8, 2024 4:40 PM
51 Comments
Stay out of the left lane or otherwise speed up and get out of my way
1
Apr 8, 2024 4:42 PM
119 Comments
Joined Jan 2014
mattunApr 8, 2024 4:42 PM
119 Comments
Quote from flangomango :
so what we save on gas, we end up paying to insurance LOL
Like, it depends. I think one thing that clouds matters is you're paying 37.5K, but in the insurance company's eyes it's 45K to replace because of the tax rebate. The insurance is high primarily because it's 45K, not that it's an EV. So obviously your insurance is going to go up vs. whatever pre-pandemic pricing vehicle you're replacing. My concern is that someday the insurance companies are going to notice the 0-60 times and start pricing EVs as sports cars instead of sedans/SUVs.
1
Apr 8, 2024 4:52 PM
8.1K Comments
Joined Mar 2005
flangomangoApr 8, 2024 4:52 PM
8.1K Comments
Quote from mattun :
Like, it depends. I think one thing that clouds matters is you're paying 37.5K, but in the insurance company's eyes it's 45K to replace because of the tax rebate. The insurance is high primarily because it's 45K, not that it's an EV. So obviously your insurance is going to go up vs. whatever pre-pandemic pricing vehicle you're replacing. My concern is that someday the insurance companies are going to notice the 0-60 times and start pricing EVs as sports cars instead of sedans/SUVs.
I hope Tesla insurance rolls out nation wide, I'm a safe driver and I heard they analyze your driving to base your rate on that.

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Apr 8, 2024 4:53 PM
215 Comments
Joined Nov 2020
LivelyManatee4450Apr 8, 2024 4:53 PM
215 Comments
Quote from staticbzer :
Which supercharger do you go to that costs 14c?
Palladio in Folsom California has 14 cents price after 8pm. Before 11am it is 17 cents.

11am - 8pm is 24 cents which still way lower than PG&E.
Last edited by LivelyManatee4450 April 8, 2024 at 09:57 AM.
Apr 8, 2024 5:02 PM
334 Comments
Joined Jun 2015
ChlamberApr 8, 2024 5:02 PM
334 Comments
Quote from flangomango :
I hope Tesla insurance rolls out nation wide, I'm a safe driver and I heard they analyze your driving to base your rate on that.
Mine is $600/6mo through progressive with deductibles which are lower than standard by request , comparable for any other vehicle in the price range. Tesla insurance was similar but I own multiple vehicles and wanted to maintain as a single policy. It's entirely dependent on each person's situation, give your company a call and inquire for yours.
Apr 8, 2024 5:02 PM
571 Comments
Joined May 2005
nagsenApr 8, 2024 5:02 PM
571 Comments
Quote from flangomango :
so what we save on gas, we end up paying to insurance LOL
very good point.
1
Apr 8, 2024 5:03 PM
32 Comments
Joined Nov 2019
BeautifulSardine640Apr 8, 2024 5:03 PM
32 Comments
Quote from BrightCrayon176 :
I went from approximately $1800 for two cars annually to approximately $2800 in CA using the gecko company. I got MYLR in March with 10k free supercharging with my trade in. My 13 Sienna was getting 18.5 mpg. Wanted a hybrid Toyota or Honda but those were just as pricey with dealerships adding useless add-ons and markups. Thanks to these dealers, I decided to get Tesla.
For what it is worth, I believe CA is one of the most expensive states to insure a car in
Apr 8, 2024 5:03 PM
39.4K Comments
Joined Nov 2005
Dr. JApr 8, 2024 5:03 PM
39.4K Comments
Quote from flangomango :
so what we save on gas, we end up paying to insurance LOL

On average that's the case [marketwatch.com], but you really should shop it.

Full-coverage car insurance for 2022 Tesla vehicles costs an average of $3,007 per year or $251 each month. This makes Tesla auto insurance premiums approximately 50% pricier than for the average vehicle with a full-coverage policy.
1
1
Apr 8, 2024 5:07 PM
610 Comments
Joined Nov 2011
brk15brk15Apr 8, 2024 5:07 PM
610 Comments
What's the lease option on this?
Apr 8, 2024 5:14 PM
4.1K Comments
Joined Jul 2010
mitchfloridaApr 8, 2024 5:14 PM
4.1K Comments
Quote from Dr. J :
On average that's the case [marketwatch.com], but you really should shop it.

Full-coverage car insurance for 2022 Tesla vehicles costs an average of $3,007 per year or $251 each month. This makes Tesla auto insurance premiums approximately 50% pricier than for the average vehicle with a full-coverage policy.
This is very misleading. The quote is from Tesla Insurance Company. Other insurance companies like State Farm and Geico are much cheaper! No one is obligated to buy car insurance from Tesla.

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Apr 8, 2024 5:16 PM
873 Comments
Joined Dec 2014
cb56789Apr 8, 2024 5:16 PM
873 Comments
Quote from LivelyManatee4450 :
Palladio in Folsom California has 14 cents price after 8pm. Before 11am it is 17 cents.

11am - 8pm is 24 cents which still way lower than PG&E.
Now I wish I could connect my house main power to super charger.

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