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You can still get the Tesla $1k referal credit Referral | Tesla Motors plus the program changed to be income limited anyway, so if you were a high earner you wouldn't qualify for the rebate anyway. The $7500 tax rebate still applies. Just order now and perhaps by the time your car is delivered some type of solution will be had. But if you wait too long the $1k Tesla referal will go away too.Think I have a chance if I buy the car?
"Important Information from the State of California
Funding is currently exhausted. All applications submitted after June 10, 2016 will be placed on a rebate waitlist."
I guess there's no way I will get it.. Damn
I wish that were a problem for me. I likely would not be asking these questions if we were making half a million a yearI got my $2500 before they changed over to income based at which point I would have been eligible for $0.
@No2DinosaurFuel - You can tell from your post that you live in SD, and not in the SF Bay Area!
Getting my car on Monday, hopefully they'll add funds to the program at some point in the near future!
So you are saying because cost of living and everything else is high, they should increase the limit? I say if you cant afford to live in the area, maybe that is what you should look at first before buying a car. What is it they all say about equities? Buy the house first then the car.
Another way to look at it is the percentage of cost of the car to your overall income. The more you make the less the less the tesla cost monthly as a percentage. Hence it is actually more affordable for you. So if you should care less about the 2500 if you make enough.
Sounds to me like all those people in the bay area are complaining about not making enough to afford a tesla. If honestly this is the case, then they should not be buying one then. It is like someone living in riverside making less than 50K trying to buy a tesla. Same scenario. The 150K number i used is way generous IMO.
I think that was ifonul and sorka's point that if you live in the bay area, you would not be able to afford the car without the rebate because of the super high live cost.I dunno, who said anything about not being able to afford the car, with or without the rebate?
Regardless of how much money you make, I would hope that everyone is money-savvy enough that they'd want an additional $2500 or $1000 or $7500 and consider it to be a factor in deciding how the Tesla compares with other cars of a similar price range.
Making $185k combined (2 incomes), but damn it feels like a lot of money. When I mention the idea to my co workers of spending $70k on a car (out the door) they think I'm nuts.I think that was ifonul and sorka's point that if you live in the bay area, you would not be able to afford the car without the rebate because of the super high live cost.
This is only about the $2500 or $1500 or whatever it is depending on your income level CA only EV credit. I make no mention of the referral or the Federal tax credit. So you are really only comparing $2500 vs $0 rebate. I make no mention of other cars. My initial point is if you are making over $150K this is not significant if you are buying something in this price range. It's like getting the air suspension for free or not. Again back to my original point, this might be the factor that pushes someone in the 80-150K range with other expenses to either have enough to make the monthly payments while still keeping a margin in there for unknown expenses. Keeping a margin is what you called "money-savvy." I am sure they can outright make the payments, but what is left for the others expenses?
The state’s largest clean-car program and additional subsidies designed for low-income residents in the San Joaquin Valley and Los Angeles have so far put 150,000 low- and zero-emission vehicles on the road in the last seven years, with demand ramping up to thousands of cars per month recently.
Did anyone read this article? It is a low income program, not the $2,500 EV rebate.
Making $185k combined (2 incomes), but damn it feels like a lot of money. When I mention the idea to my co workers of spending $70k on a car (out the door) they think I'm nuts.
$150K in the Bay Area is nothing. If you own a modest million dollar home with a two car garage, your $150K will be $100K after taxes and then $50K after you pay your mortgage. After all other expenses don't expect to save much. $2500 could be 10% or more of what you have left over. If you make $150K in the Bay area for a family of 4, you're having a tough time of it.
$150K in the Bay Area is nothing. If you own a modest million dollar home with a two car garage, your $150K will be $100K after taxes and then $50K after you pay your mortgage. After all other expenses don't expect to save much. $2500 could be 10% or more of what you have left over. If you make $150K in the Bay area for a family of 4, you're having a tough time of it.