CaptUAL
Member
Wonder if delaying ordering for any tax break, would be better than the inevitable price increases?
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It's still a big confusion.Hi,
I just got my VIN for my 2022 model 3 and should be taking delivery next week. Should I cancel the order and wait for the renewed $7500 tax rebate that will be applicable on purchases starting from Jan 2023?
Thanks.
I believe it is a yes for 1 and yes for 21) sorry if I sound ignorant but is it definite that 2022 purchases will not qualify?
2) if yes to 1 then will you owe the fed $7,500 or more in your 2023 tax return?
yeah everything is confusing right nowCurrently nobody knows for sure which, if any, Model 3s will qualify (msrp) or for how much of the rebate (sourcing restrictions), so it's a total crap shoot right now.
Right. The car's price already rose by 2K since I ordered so my maximum profit here would be 5.5K. And with the sourcing limitations and all the confusion in the bill might lead to even less than that so I believe I would stick to my order and ignore the noise.Need to consider how much more you will pay to order the replacement Model 3. Go to the Tesla site and start an new order to get new pricing. And make sure the price for your new Model 3 is less than $55K otherwise you do not get a credit. Also, make sure you will be under the AGI limits in 2023.
...LFP battery M3 will have a 10% change getting half federal credit next year.
That disqualification doesn't start until 2025.Currently Tesla gets LFP from China which is an automatic disqualification. No matter how small the mineral percentage comes from China, that's an automatic disqualification.
How does the figure of 10% change would help?
Sometimes it's a complete fluke. Someone with your exact same specs in your area gets their VIN shipped to the local service center, that someone ends up not taking delivery for some reason, local store then matches you up with that VIN as you are in the area and the specs match, and boom, now you have a VIN even if your EDD was 6 months away.How often do people get their car sooner than their initial EDD? If I wait until the order page is estimating Jan-Mar 2023 delivery then it’s pretty safe to say it’ll be delivered in 2023 right? Unless a ton of people cancel their 2022 delivery. I figured the LFP battery M3 will have a 10% change getting half federal credit next year.
Oops I meant 10% chance. Since the MiC LFP batteries are assembled in the US, there's a small chance that it might still qualify.Currently Tesla gets LFP from China which is an automatic disqualification. No matter how small the mineral percentage comes from China, that's an automatic disqualification.
How does the figure of 10% change would help?
They will be subject to the 40% "free trade" mineral and 50% "free trade" pack component requirements. (And it actually starts as soon as the details are released, which is to be no later than 12/31/2022. If they were released tomorrow, Tesla vehicles delivered the for rest of the year could possibly qualify.)Right but what about 2023 deliveries.
1.reset cap of 200k starting on 1/1/2023 (so tesla,ford,gm cars do not qualify in 2022)They will be subject to the 40% "free trade" mineral and 50% "free trade" pack component requirements. (And it actually starts as soon as the details are released, which is to be no later than 12/31/2022. If they were released tomorrow, Tesla vehicles delivered the for rest of the year could possibly qualify.)
The cap is eliminated, not reset, when the final details are released. Which could be tomorrow, but no later than 1/1/2023.1.reset cap of 200k starting on 1/1/2023 (so tesla,ford,gm cars do not qualify in 2022)
I thought I read that it is based on 50% of the battery components being made/assembled in NA. Just assembling it in Fremont with all Chinese modules will get you nothing. From: https://www.congress.gov/bill/117th-congress/house-bill/5376/text3. battery manufactured OR battery assembled in US. this gets you other $3750. even though LFP battery is manufactured in china the pack is assembled in US and as per window sticker tesla showing as US battery. unless tesla changes the window sticker people are eligible to get the $3750. so good chance and more than 10% chance
In general.--The requirement described in this
subparagraph with respect to a vehicle is that, with respect to
the battery from which the electric motor of such vehicle draws
electricity, the percentage of the value of the components
contained in such battery that were manufactured or assembled
in North America is equal to or greater than the applicable
percentage (as certified by the qualified manufacturer, in such
form or manner as prescribed by the Secretary).
tesla showing M3 RWD in monroney sticker as "battery assembled in fremont,CA" no mention of china parts any where in the monroney sticker. we have to see if tesla modifies the monroney sticker. until that point we should assume m3 rwd qualifies the $3750. as per federal law, monroney sticker is gold copy recordThe cap is eliminated, not reset, when the final details are released. Which could be tomorrow, but no later than 1/1/2023.
I thought I read that it is based on 50% of the battery components being made/assembled in NA. Just assembling it in Fremont with all Chinese modules will get you nothing. From: https://www.congress.gov/bill/117th-congress/house-bill/5376/text
A module made in China and put in a pack here would not count. (There is no way that the modules account for less than 50% of the value of the pack.) So I think the Model 3 RWD will get no credit. (Nor will any other Model 3 at this time.)