How many are waiting to order or postponing the delivery date due to proposed Tax Credit

[aparan]

With proposed Tax credit, how many are waiting to place the order or postponing the delivery dates?

 

[tierneyalvin]

Order placed four weeks ago, price went up $1,000 yesterday. Already ahead and getting an amazing vehicle tomorrow.

 

[aparan]

Saw couple of posts in other threads about how people are pushing out the delivery dates

 

[DaveE]

I have been waiting to order until I found out abut the tax credit. I wasn't sure if it was retroactive.

 

[rjpjnk]

I will probably wait. Hopefully it will be announced that it will be retroactive so then buying can go back to normal rather than so many holding off and then all ordering at once.

 

[iamnid]

I have been waiting for my lease to come up for a year to get mine. Ordered 2 weeks ago - don't care about the tax credit, was going to get it anyway. That should have been a poll option.

 

[OCJeff]

I've placed my order, but haven't completed the registration details (as per my sales advisor), waiting to see if the Tax Credit goes through. That could also be an option. (Placed order, but waiting for tax credit to complete it).

I don't need the MY until September 2021, so I can hold out until mid August I think before I have to complete the order (assuming there will be an end of Q3 push like there is right now for Q1).

 

[RedlineSi]

My X5 is paid off next month. I had planned on getting a Model Y anytime now, but I am waiting to hear what happens with the tax credit. I can afford it either way, but its sort of dumb to turn down a $7500 credit.

 

[OCJeff]

Saw this article below. If the ev tax credit gets rolled into the infrastructure bill (which may be necessary if they want to avoid the 60% majority vote in the senate) likely won’t happen until much later in 2021 and then may not be effective until 2022. Not sure I can wait that long.

Yarmuth sees next budget reconciliation process starting in July - Roll Call

 

[dn325ci]

I decided I was "happy/happy" with it, either way it goes. Predicting what the federal government will or won't do is an exercise in fruitlessness.

 

[Adirondack_D]

You could always buy the car and if the credit gets passed, turn around and trade it in on another one. You do lose a bit of money, but I doubt the car will lose over $7000 of value in 6 months to a year.

 

[rjpjnk]

If the 7000 credit gets passed and is not retroactive doesn't that mean all used vehicles lose 7000 in value?

 

[dragonvn]

First of all, we're not even sure if the law passes. It's been proposed every single Congress but got nowhere.
Second, even if it passes, Tesla will probably know before us and increase the price to keep some of the money for itself, like it already increased the price of MY by $1k.
I'd say if you need a car, buy it now. If you don't need it now, buy it later. Do not let the bill be factor in your decision.

 

[RedlineSi]

The tax credit extension passed in 2019 but was killed by Trump.

 

[OCJeff]

You could always buy the car and if the credit gets passed, turn around and trade it in on another one. You do lose a bit of money, but I doubt the car will lose over $7000 of value in 6 months to a year.

Taxes on the new car alone would be ~ $4000 which really digs into the profit of this approach. In California, trade-in value doesn't decrease your tax liability.

 

[ArizonaJon]

Taxes on the new car alone would be ~ $4000 which really digs into the profit of this approach. In California, trade-in value doesn't decrease your tax liability.

Wow. I am used to only paying on the difference. I lived in CA for about 2 years, but I never purchased a car.

 

[ArizonaJon]

This is a link to the current bill that contains the tax credit proposal. It is part of the Green Initiative. Has not moved since introduced. Looks like immigration or infrastructure will be the next big thing to occupy congress. I have heard nothing about pushing the Green Initiative.

Actions - H.R.848 - 117th Congress (2021-2022): GREEN Act of 2021

Actions on H.R.848 - 117th Congress (2021-2022): GREEN Act of 2021

www.congress.gov

 

[aparan]

If the following 4 aspects are applicable and true then I think it is better to Order now and postpone the delivery dates.
- Really don't need a Model Y now and Ok to wait
- Interested in the tax credit $ amount
- If you place the order now and if price of the car goes UP later, then Tesla will honor the ordered price at the time of delivery (price can change for the options selected)
- If you place the order now and if price of the car goes DOWN later, then Tesla will honor the lowered price at the time of delivery (price can change for the options selected)

What are your thoughts?

 

[rjpjnk]

My thoughts:
(1) The price of EVs, including Tesla, will be coming down down due to competition.
(2) Federal and State programs are all ramping up and getting serious about incentivizing EVs due to Democrat leadership
(3) Teslas are getting better with each new update. Everybody wants the new features, nobody want the old version.

If money matters, these points all suggest waiting is better. The only disadvantage is you don't get to drive a new Tesla for months and months and it's hard to wait!

 

[1plavs]

Today I just read that “Tesla , however, no longer qualifies for the current federal tax credit because it has sold too many vehicles. Wall Street expects Biden’s plan to eliminate that cap. Tesla stock rose 4% Tuesday in anticipation of those changes.”

source: Tesla Could Be One of the Big Winners in Biden’s $2 Trillion Infrastructure Plan