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expiredxTorquEx posted Apr 05, 2024 05:46 PM
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 1,006,472 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 08, 2024 09:58 PM
15,359 Posts
Joined Sep 2009
KnightshadeApr 08, 2024 09:58 PM
15,359 Posts
Quote from ti97 :
That is a terrible advice to give. Imagine getting the letter from the IRS 5 years from now, telling you you owe $15K for tax, penalty, and interest.
Why would you get a letter given the IRS explicitly says it doesn't work the way you suggest?

Did they, like you, also not read the actual IRS FAQ on this exact topic? Big Grin


Quote from WiseCatfish661 :
Anyone knows how good is the latest FSD now?
How good in what context?

As an L2 ADAS it's excellent, far better than any other system offered here- in most cases it'll do 99% of the work of driving-- but it's not good enough to stop paying attention yet.
1
Apr 08, 2024 10:06 PM
729 Posts
Joined Dec 2014
JellyBellyMDApr 08, 2024 10:06 PM
729 Posts
Quote from Knightshade :

How good in what context?

As an L2 ADAS it's excellent, far better than any other system offered here- in most cases it'll do 99% of the work of driving-- but it's not good enough to stop paying attention yet.
This good? Tesla settles case over fatal 2018 crash of an Apple engineer
Apr 08, 2024 10:07 PM
3,362 Posts
Joined Sep 2007
fewlioApr 08, 2024 10:07 PM
3,362 Posts
Quote from mloecher :
Fiskar had to go bankrupt to match Tesla pricing πŸ˜†
fiskars hand/outdoor tools are THRIVING
Apr 08, 2024 10:11 PM
160 Posts
Joined Jan 2016
BSJS23Apr 08, 2024 10:11 PM
160 Posts
I paid $51,000 for my 2022 Tesla Model Y that now has a dead battery and Tesla wouldn't warranty it. Wanted to charge me 18k for a refurbished replacement battery. So it just sits while I pay $800 a month. I'm trying to find a wrecked Tesla with a good enough battery to swap with. Then trade or get rid of it. Worst car ever. πŸ˜•
1
Apr 08, 2024 10:11 PM
103 Posts
Joined Sep 2011
ngtwolfApr 08, 2024 10:11 PM
103 Posts
Quote from Dr. J :
It's a nonrefundable credit. Does he have at least $7500 tax liability?
Curious how this works. If you typically declare enough so you get a refund each year (which is not really a refund, you just over paid) then this doesn't apply? this only counts if you actually owe money? (like if you put down 10 dependants or something so you owed at least $7500 at the end of the year)?
Apr 08, 2024 10:12 PM
15,359 Posts
Joined Sep 2009
KnightshadeApr 08, 2024 10:12 PM
15,359 Posts
Quote from JellyBellyMD :
This good? Tesla settles case over fatal 2018 crash of an Apple engineer

Sure?

That was a now-ancient version of autopilot, in use by a guy who was playing video games on is phone rather than noticing his car driving toward a highway barrier that had gone previously unrepaired for a good while before the car hit it.... so not really relevant to... anything?
1
Apr 08, 2024 10:14 PM
729 Posts
Joined Dec 2014
JellyBellyMDApr 08, 2024 10:14 PM
729 Posts
Quote from Knightshade :
Sure?

That was a now-ancient version of autopilot, in use by a guy who was playing video games on is phone rather than noticing his car driving toward a highway barrier that had gone previously unrepaired for a good while before the car hit it.... so not really relevant to... anything?
Why settle then?

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Apr 08, 2024 10:15 PM
620 Posts
Joined Jan 2018
GhostNoteSymphoniesApr 08, 2024 10:15 PM
620 Posts
What are people paying out the door for these? Just curious.

How do you think that cost will hold up in resell value 10 years from now?
Apr 08, 2024 10:16 PM
2,368 Posts
Joined Feb 2014
elefante72Apr 08, 2024 10:16 PM
2,368 Posts
Quote from CrazyGoat :
Ehhhh. I'm inclined to agree, with a caveat that the Corolla is death by a thousand cuts which is why it's "economical" to keep it going.

I'd need to probably spend around 100% (or more) of the Corolla's value over that "maximum" ownership period. If you perform all the necessary maintenance - it could indeed last hundreds of thousands of miles.

The difference is that while the Toyota has predictable (and honestly, expensive) maintenance schedules - the Tesla (generally speaking) does not. Thus the cost of ownership looks very different over the same ownership period/mileage.

At 150,000 miles, both cars may run into issues. The probability is that the Tesla's could be expensive (high voltage battery, drive motor, suspension linkages, etc) - while the Toyota's would likely be less-so (alternator, belts, etc). The difference is that you will have probably already spent $10K in maintenance on the Corolla by that point.

In such a hypothetical - the Tesla might not be economical to repair (relative to it's value at that point) - whereas the Corolla fits into a sunk cost fallacy where throwing another $600-$1200 at it makes more sense than buying a new car.
I just got rid of my Tesla last month (2019 M3LR). The depreciation was going down thousands per month. Luckily I didn't take a total bath, and replaced it with a Lexus ES. Very happy and the dealer put together a slammin package that I am paying less per month. ALSO my car insurance went down $300 a year.

I still have 2 plugins but until EV can stabilize price wise and cold weather range I am going to hold off on getting a new one. Now my Tesla was old skool no heat pump but my cousin has a 2023 and while the heat pump is better it still sucks in the winter.

In any case outside of the $8000 in warranty repairs it was good after the first year except the paint was atrocious and so was the panel alignment.
Apr 08, 2024 10:16 PM
4,028 Posts
Joined Jul 2010
mitchfloridaApr 08, 2024 10:16 PM
4,028 Posts
Quote from NEOI :
I paid $51,000 for my 2022 Tesla Model Y that now has a dead battery and Tesla wouldn't warranty it. Wanted to charge me 18k for a refurbished replacement battery. So it just sits while I pay $800 a month. I'm trying to find a wrecked Tesla with a good enough battery to swap with. Then trade or get rid of it. Worst car ever. πŸ˜•
why isn't it covered under the four year warranty?
Apr 08, 2024 10:17 PM
2,048 Posts
Joined Nov 2004
cappuccinomanApr 08, 2024 10:17 PM
2,048 Posts
Quote from NEOI :
I paid $51,000 for my 2022 Tesla Model Y that now has a dead battery and Tesla wouldn't warranty it. Wanted to charge me 18k for a refurbished replacement battery. So it just sits while I pay $800 a month. I'm trying to find a wrecked Tesla with a good enough battery to swap with. Then trade or get rid of it. Worst car ever. πŸ˜•
Why won't they warranty it? Over 120k miles
Apr 08, 2024 10:17 PM
2,742 Posts
Joined Mar 2016
webdoctorsApr 08, 2024 10:17 PM
2,742 Posts
Quote from NEOI :
I paid $51,000 for my 2022 Tesla Model Y that now has a dead battery and Tesla wouldn't warranty it. Wanted to charge me 18k for a refurbished replacement battery. So it just sits while I pay $800 a month. I'm trying to find a wrecked Tesla with a good enough battery to swap with. Then trade or get rid of it. Worst car ever. πŸ˜•
Did they say the battery was physically damaged? Why wouldn't it be warrantied? Isn't it 8 years/100k miles warranty?
Apr 08, 2024 10:19 PM
15,359 Posts
Joined Sep 2009
KnightshadeApr 08, 2024 10:19 PM
15,359 Posts
Quote from JellyBellyMD :
Why settle then?
Because often some token payment is cheaper than a protracted court case and rolling the dice on a jury ignoring the facts of a case to "punish" a company?
Apr 08, 2024 10:20 PM
1,511 Posts
Joined May 2008
CozzApr 08, 2024 10:20 PM
1,511 Posts
Quote from NEOI :
I paid $51,000 for my 2022 Tesla Model Y that now has a dead battery and Tesla wouldn't warranty it. Wanted to charge me 18k for a refurbished replacement battery. So it just sits while I pay $800 a month. I'm trying to find a wrecked Tesla with a good enough battery to swap with. Then trade or get rid of it. Worst car ever. πŸ˜•
I don't understand how Tesla doesn't warrantee your car. It's clearly under the warrantee window, unless it's high milage or something.

There's several independent shops out there that can take out your battery tray and find out which battery cell(s) needs to be replaced. Should save you thousands.

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Apr 08, 2024 10:20 PM
6 Posts
Joined Dec 2011
xkhanvictApr 08, 2024 10:20 PM
6 Posts
Quote from NEOI :
I paid $51,000 for my 2022 Tesla Model Y that now has a dead battery and Tesla wouldn't warranty it. Wanted to charge me 18k for a refurbished replacement battery. So it just sits while I pay $800 a month. I'm trying to find a wrecked Tesla with a good enough battery to swap with. Then trade or get rid of it. Worst car ever. πŸ˜•
A 2022 model y should still have warranty coverage for the battery. What was the reason for an 18k battery replacement?

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