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
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.
This collaborative space allows users to contribute additional information, tips, and insights to enhance the original deal post. Feel free to share your knowledge and help fellow shoppers make informed decisions.
Rebates depend on region. In California, discount is up to $7200 for RWD Y.
Last Updated by desi_babu_2010 on 04-06-2024 at 09:15 PM
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
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.
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.
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.
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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.
It's really not 50% (off nerdwallet). Like they're all over the place, but it's really more compared to MSRP. Camrys are technically crummy to insure because you pay way higher percentage compared to their MSRP in insurance...
Vehicle Avg Insurance MSRP % of MSRP
Toyota Camry $1,822 $26,320 6.9%
Tesla Model 3 $2,296 $40,240 5.7%
Ford Explorer $1,780 $38,570 4.6%
Tesla Model Y $2,530 $52,630 4.8%
Our community has rated this post as helpful. If you agree, why not thank EchoTony
After having a Model Y for about 5 months, I can offer the following things to consider if buying a Tesla.
Your insurance is going up unless you already drive a $100k + car. These are priced based on cost of repair and history of Tesla drivers crashing more than other brands. So expect an increase. Depending on where you live, your cost to charge may be a big savings over gas or not. For us, gas is very expensive, so using electricity is a savings - even though our local utility is also criminally over-priced (SDG&E).
Generally, you will want to charge at home over supercharging. Very nice to wake up to a full charge for the day. Expect to have a 240v plug installed or a dedicated wall charger.
The up side is the cars are nice and drive well. I don't see having to do anything more than changing tires, swapping out cabin air filters, and filling washer fluid. This month we got free Full Self Driving as a trial. It's cool, but I don't trust it. Not yet. it drives like an old lady - one with some vision issues. I would think in another year or so it will be pretty good.
Included games, browser, Netflix, YouTube, and other goodies make charging stops painless. I really like it for the family car that's used for taking the kids to school and activities. Not really there for long trips unless you are totally in California. Then it's ok as there are plenty of charging stations. But as you leave the West, it's a bit more of a concern. At present the ICE/ICE-hybrid is better for long trips.
After having a Model Y for about 5 months, I can offer the following things to consider if buying a Tesla.
Your insurance is going up unless you already drive a $100k + car. These are priced based on cost of repair and history of Tesla drivers crashing more than other brands. So expect an increase. Depending on where you live, your cost to charge may be a big savings over gas or not. For us, gas is very expensive, so using electricity is a savings - even though our local utility is also criminally over-priced (SDG&E).
Generally, you will want to charge at home over supercharging. Very nice to wake up to a full charge for the day. Expect to have a 240v plug installed or a dedicated wall charger.
The up side is the cars are nice and drive well. I don't see having to do anything more than changing tires, swapping out cabin air filters, and filling washer fluid. This month we got free Full Self Driving as a trial. It's cool, but I don't trust it. Not yet. it drives like an old lady - one with some vision issues. I would think in another year or so it will be pretty good.
Included games, browser, Netflix, YouTube, and other goodies make charging stops painless. I really like it for the family car that's used for taking the kids to school and activities. Not really there for long trips unless you are totally in California. Then it's ok as there are plenty of charging stations. But as you leave the West, it's a bit more of a concern. At present the ICE/ICE-hybrid is better for long trips.
Agree. I have 3 ice cars and one Tesla.
Cannot beat the tesla as a daily driver. I love messing with last minute mergers in Tesla. you are pretty much faster than everyone around you
I have some question on the 7500 credit. If I make more than 300k a year, then I can not get 7500 off the retail price? But if I don't make more than 300k a year, then I don't need to wait for tax return, instead I can get 7500 discount immediately?
I have some question on the 7500 credit. If I make more than 300k a year, then I can not get 7500 off the retail price? But if I don't make more than 300k a year, then I don't need to wait for tax return, instead I can get 7500 discount immediately?
Yeah, they take it off immediately now if you qualify.
Be sure to ask about the warranty. Sometimes when they're demo cars they enable the warranty at that time. You might get sipped a few months of coverage in order to 'save' that $5k.
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I have some question on the 7500 credit. If I make more than 300k a year, then I can not get 7500 off the retail price? But if I don't make more than 300k a year, then I don't need to wait for tax return, instead I can get 7500 discount immediately?
That's right. We picked up our model y last weekend, 7500 off was applied immediately. What is cool is that you can use your last year income or you can use expected income for 2024. No verification needed at the moment of purchase.
Btw, if anyone wants a referral for free 3 months of FSD - dm me, I can share the code.
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.
Dark red type is basically impossible to read in dark mode. Standard color is better if you want your message legible to others.
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.
I heard from my insurance agent that it's cheaper to insure through Tesla than 3rd party providers. So using Allstate or State Farm it should be more than what OP quoted.
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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.
1,479 Comments
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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.
Vehicle Avg Insurance MSRP % of MSRP
Toyota Camry $1,822 $26,320 6.9%
Tesla Model 3 $2,296 $40,240 5.7%
Ford Explorer $1,780 $38,570 4.6%
Tesla Model Y $2,530 $52,630 4.8%
Just to be clear, the performance is NOT the longest range model Y.
Our community has rated this post as helpful. If you agree, why not thank EchoTony
Your insurance is going up unless you already drive a $100k + car. These are priced based on cost of repair and history of Tesla drivers crashing more than other brands. So expect an increase. Depending on where you live, your cost to charge may be a big savings over gas or not. For us, gas is very expensive, so using electricity is a savings - even though our local utility is also criminally over-priced (SDG&E).
Generally, you will want to charge at home over supercharging. Very nice to wake up to a full charge for the day. Expect to have a 240v plug installed or a dedicated wall charger.
The up side is the cars are nice and drive well. I don't see having to do anything more than changing tires, swapping out cabin air filters, and filling washer fluid. This month we got free Full Self Driving as a trial. It's cool, but I don't trust it. Not yet. it drives like an old lady - one with some vision issues. I would think in another year or so it will be pretty good.
Included games, browser, Netflix, YouTube, and other goodies make charging stops painless. I really like it for the family car that's used for taking the kids to school and activities. Not really there for long trips unless you are totally in California. Then it's ok as there are plenty of charging stations. But as you leave the West, it's a bit more of a concern. At present the ICE/ICE-hybrid is better for long trips.
Your insurance is going up unless you already drive a $100k + car. These are priced based on cost of repair and history of Tesla drivers crashing more than other brands. So expect an increase. Depending on where you live, your cost to charge may be a big savings over gas or not. For us, gas is very expensive, so using electricity is a savings - even though our local utility is also criminally over-priced (SDG&E).
Generally, you will want to charge at home over supercharging. Very nice to wake up to a full charge for the day. Expect to have a 240v plug installed or a dedicated wall charger.
The up side is the cars are nice and drive well. I don't see having to do anything more than changing tires, swapping out cabin air filters, and filling washer fluid. This month we got free Full Self Driving as a trial. It's cool, but I don't trust it. Not yet. it drives like an old lady - one with some vision issues. I would think in another year or so it will be pretty good.
Included games, browser, Netflix, YouTube, and other goodies make charging stops painless. I really like it for the family car that's used for taking the kids to school and activities. Not really there for long trips unless you are totally in California. Then it's ok as there are plenty of charging stations. But as you leave the West, it's a bit more of a concern. At present the ICE/ICE-hybrid is better for long trips.
Cannot beat the tesla as a daily driver. I love messing with last minute mergers in Tesla. you are pretty much faster than everyone around you
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Btw, if anyone wants a referral for free 3 months of FSD - dm me, I can share the code.
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.
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