You also are not getting destination charged waved, that isnt happening for this or any other car dealer.
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Discussion : All discussion regarding Model 3 and Tax credit in model 3 subforum
- Thread starter mapman
- Start date
I can't beleive the bean counters missed this.
The Tesla bean counters know exactly what they're doing. Which is why you see the price of certain 3/Y combos float above or right below the threshold. This has been going on for months.
But if you try sometimes you just might find you get what you need.
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Yes saw someone on Twitter get their CVRP approved in your exact situation. Federal tax incentive is totally seperate so you can claim both.
fholbert
Active Member
That’s kind of what a tax credit is. Assuming you pay $7,500 or more in federal taxes.
fholbert
Active Member
Lol I was trying to trade in a 2021 red M3P with white interior, but no dealer in East Bay Northern California would touch it. They said the car was tainted because potential future buyers of the used vehicle will think all M3 Performance qualify for the IRA. But informed folks like you and me know the moment someone options a new M3P to be red with a white interior, it no longer qualifies for the IRA.
Since the potential future buyer of the used vehicle won't be as sophisticated around the IRA, the used car showroom simply refuses to touch a 2021 M3P that's red with white interior. Imagine having Carmax, and a dozen new car showrooms tell you that the M3P is untouchable. An optioned M3P is basically a cancerous leper that smells of elderberries when you try to sell it.
SilentWarp
Member
Then it would zero out what you owe, so unless you come to the end of the year with $7500 sitting around to pay off what's owed; then no longer owe, the money isn't just appearing.
fholbert
Active Member
OGDan
New Member
Howdy OneEV, Always great comments and feedback from you on this forum. The Tesla pricing and discount programs change fast and I am sure are related to the market in general. It is very hard to say and I feel for you- I, too am in Minnesota. Since my Model 3 lease is up in a few weeks- July 1- I need another Model 3 right away. Since I already extended for 6 mos the extension option is off the table. The current discounts off the base Model 3 is nice, the $7500 tax rebate is nice- but a long wait! Minnesota has passed a new $2500 incentive but I cannot figure out when this can be applied. Does it cover EV's purchased now in June of '23 or is it not in effect yet? Since you are active here and from MN I thought you may have the right answer - Cheers-
Nope. You would still only get $1,000 back.
If you OWE 8500 at tax time, you would only owe $1000 come tax time.
I’ve heard that next year it becomes a “at time of purchase 7500 discount” instead of a tax credit which makes it much easier for most folks.
-Paul
Tiger
Active Member
It's cheaper to paint it
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Yes this is correct, assuming your tax liability is atleast $7500.
It DOES NOT matter what you owe at the time of tax return. It only matters if your overall tax liability is over $7500. Salaried workers pay taxes throughout the year every paycheck. Business owners may pay only at the time of tax return. None of that matters.
The time of purchase discount will only be if you meet the criteria as I believe it currently exists, so assuming they would look at your income and see if you would meet the normal criteria that is currently used, then would give you the discount accordingly.
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