SOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO I did a thing today that I honestly thought I would never do. Sorry,
@Hurricane4911 I will not be in the MY club until 2022, but here is why.
So, I heard about the news and the bill...been actively going to their website to see what was changed, added, removed, and so on. Well, everything looks great so far, and it is a go. December 31, 2021, is a date to remember because this is the date that my MY will be reinstated. I know what I am thinking, but it will make sense here in a second, and honestly, my head was crunching so many variables and numbers today that I had to go to Lucky Dill to concentrate.
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Okay, so while I was there thinking, I had to ask myself repeatedly, do I wait or say screw it and keep what I have set in motion. Then it finally hit me; I had to wait as much as I had told others not to delay. It finally dawned on
ME why
I had to wait. I am in a different boat; I am selling a Tesla for a Tesla and eventually for another Tesla. Now that we have an EV Bill coming, it changes EVERYTHING and maybe not just for me. So, for those that do not know, here is my story.
I own an M3SR+ LFP edition and have an MY that I ordered in August of 2020, but I recently put that MY back on hold because of the bill, and I was expecting delivery in December. I am going to get an AMAZING deal for my M3SR+, $48,000, and that would help pay the MY off pretty much if I kept my order, but for me, holding the MY for the tax credit is worth it more as my MY is the $48,990 price point MY, so this is a heck of a deal not to sit and wait for. I now would only be paying $41,000, and now my M3SR+ pays it off entirely and cashback for me. I plan to get an offer around the end of December from Carvana to lock those deals for 30 days. You might ask...wait, even if you get a great offer in December, your MY is on hold, and that is where this story gets a little interesting because this was news to me.
So, this news I got from my SA and then verified it with the manager changed
EVERYTHING, and
PLEASE NOTE results may vary. My SA/Manager told me, "if we put you on hold (they used a different term) and reactivate towards the end of December, it does
NOT mean you will
go to the back of the line." This response was when I asked whether you could reset me to April. If I hold and reactive my order, I get put to the back of the list. The Tesla rep further added, "when you reactive, we take into account the original order date, last expected delivery date, and other factors. So, we don't throw you to the back. If we match you with a vin sooner, it will be your vin. So it is best to hold (again, they said a different term) the car till the end of December. So what we will do is put a release as of 12/31/2021, so you can take advantage of the tax credit. Essentially this means that come to that date, your order is pending delivery of a car." To make sure, I then asked about, why not reinstate me to the middle of December; I know that it takes two weeks to get a car, but then was told, "Sure, that can be true, but we can also match you instantly with a VIN. The system controls all those metrics and can give you a VIN instantly if it sees you had a closer previous delivery date. So, to be safe, I would advise you to wait till the last day of December." I thought I would share this because this changes everything. I again called 2 hours later to confirm this information with a different rep, and it was said to be true.
Now, here is another reason I am doing this and why everyone needs to be cautious about handling the situation. Think, now that EV cars are going to get this tax break, why would trade-in values stay where they are? People would rather save $8k and wait verse getting a vehicle from, say, Carvana, which is much more overpriced. The same goes for Carvana; they will not pay a premium trade-in value to a seller knowing you saved $8k. Otherwise, they would buy cars up and resell them (of course, this is not allowed, but an example of why we will start POSSIBLY seeing a price drop in the trade-in market). This is ALL speculations and my thoughts, but I love to share my ideas. It took me a lot of thinking and was not just something I pulled the trigger on. Thank goodness for free refills.
So, yeah eventful day off that I should have been studying for an exam, but all this happened, and I did not think it would turn into a day of exploring what I should do. Please note that my situation is mine alone, and I hope this helps you make the best choice possible. As it stands, paying $41,000 for an MYLR is a no-brainer when I might still get $48,000 for my M3SR+. Again, time will tell if I get that lucky, but it will be worth it if I do. With the bill passing, I am also hoping people will cancel MS orders for MY or M3 now that the MS has no tax break due to price. Only poopy part, my plan to resell the MY for the MS will probably bust as I might only be able to sell it for $50,000-$55,000 verse $65,000, but only time will tell. Frankly, I still think the market will be decent because used EVs still get a tax break of $4,000, I believe...next year will be VERY interesting. End of my story, I love my Florida Tesla Fam (FTF) for putting up with my craziness.