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I'm betting they're not going to be selling EAP anymore, since many of the EAP features have been moved to FSD. If true, then I would also bet that Autopilot (lane keeping and TACC) will be less than $5k.Do we know for sure that the base EAP is going to go up from $3k to $5k?
Same here. From the sound of it the price of the car could go up by as much as $3500 ($1500 3% adjustment for dual motor red w/white interior + $2K autopilot price increase?). Very confusing and frustrating. What is muddling things here are all the obnoxious economically illiterate legacy owners who whine and complain about price drops and I can't tell if Elon was talking about their price to upgrade or the price of new owners for EAP/AP.
I'm stuck between a rock and hard place trying to determine if I should order my LR AWD before monday vs waiting (I have a lease with 5 more payments and anticipated doing it in June for the $3750 tax rebate). I guess the 3% increase in itself would be like almost $2k for this spec. If they push the "basic" autopilot up from $3k to $5k that's another $2k.
Why not just pay the 2 remaining payments on the lease?I am on the same boat!! My Lincoln MKC lease is up June 6th. Was planning on ordering May so I'd have Model 3 in june and wouldn't spend extra ordering this week etc. If I order this month I can save 2k on Tesla but I would have to trigger the buy out clause on the current lease, finance that to buy the car...then sell it off and maybe pay a small difference from lease buy out to what the seller pays for it.. I may still be better off though cause I would save 2k on Tesla. Or I could just pay the rest of the lease out and return it. I was really looking forward to current prices in May. Now they are saying prices will rise and so will AP and FSD though it hasn't been clarified..why would they raise AP from 3k to anything higher since AP is now just lane keeping and adaptive cruise...it doesn't even do automatic lane changing or navigate on auto pilot... the new AP for $3k is fair... if they raise it up to 4k or 5k it would in theory be more expensive than the EAP they sold for 5k months ago which had way more features. For LR AWD we would now pay 2k more for the car and then possibly additional for AP which is what I was looking at. I was looking at 52k out the door for White LR AWD with AP. now itll be more like 54-55k.
Fantastic job, everyone!
Classic example of "be careful what you wish for - you just might get it."
You got what you wanted. Egos feel better now?
I'm stuck between a rock and hard place trying to determine if I should order my LR AWD before monday vs waiting (I have a lease with 5 more payments and anticipated doing it in June for the $3750 tax rebate). I guess the 3% increase in itself would be like almost $2k for this spec. If they push the "basic" autopilot up from $3k to $5k that's another $2k.
Close. It drops to $1875 on July 1st.Let’s see what happens on July 1 when the federal tax credit drops to $1,750.
Not necessarily.Car manufacturers increase the price of their cars every year by 300 to 500
You might have meant it differently, but just to be sure you know the $3750 is not a "rebate".
It's a tax credit IF you owe taxes for 2019. The $3750 is the maximum tax credit but it does not give you an instant refund and it's definitely not a rebate.
Now I know not everyone here is a tax consultant but say I usually owe about 1300 in taxes come tax time since my wife works an extra 1099 job...she pays about 1300 every year out of pocket to cover the taxes from that income. So what if I set up our payroll on our w2 jobs to take less taxes out such as instead of putting 0 exemptions change it to more so they take less and thus we get bigger paychecks and come tax time we owe 5grand instead of 1300....would the model 3 tax credit then cover that? So essential it becomes a rebate at that point since it would cover what we owe irs?
Your tax liability is not just what you or your wife pay in taxes in April. Your taxes get deducted from every W2 paycheck. The Model 3 credit covers the overall tax liability. If you under withhold during the year, you have the risk of paying underpayment penalties.
SO how would I get the best benefit, or actually get the full 3750 credit to pay towards w.e I owe or get refund or w.e? In other words how could I get the full 3750?
Basically, if you are earning more than $50000 per year, your tax liability is likely to be more than $4000, so you will get the credit.SO how would I get the best benefit, or actually get the full 3750 credit to pay towards w.e I owe or get refund or w.e? In other words how could I get the full 3750?
**Edit. NVM I figured it out. We would get the full credit since our tax obligation is more than enough.
How do so many know so little about taxes that they pay every year?
hey i am learning as much as I can, I do my taxes every year I just didn't know exactly how the credit worked as I was confused. I read online and now I understand. My wife and I make over 90k a year plus we have side gigs that are 1099 that we have to pay additional taxes come tax time...so the EV credit will be applied at full for us. I have to buy a car in June. I was thinking of waiting for Model Y but now it seems like deliveries won't come till Spring 2021 since production is fall 2020...guessing I will pull trigger on an LR RWD with AP and then change it for a Model Y in 2022 :/ cause I don't want to keep driving an ICE, I spend 150-200 in gas per month....would rather give that money to tesla and help environment a bit :/
Don't know what was up with that leasing a 3 news, but might want to see if that comes up sooner rather than later for your situation.