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Tax credit 2024 [The tax credit discussion thread]
- Thread starter vickh
- Start date
Did you have to pay the $250 non-refundable order fee before you saw this option? I’m still not seeing anything other than asking for $250. I’m doing a cash purchase with trade in if it makes a difference.
Yes, I paid the $250 when I placed the order. I also did a cash purchase and am contemplating doing a trade-in. Once you place the order, you will be directed to the Tesla app where you will have a series of tasks to complete: providing registration details, submitting your trade-in for a quote, transferring the tax credit, uploading your insurance info, and making final payment. It is, IMHO, a much easier way to purchase a new car compared to how we used to do it with legacy car dealers.
OK, much appreciated. It seems a little odd that you have to pay a non-refundable deposit with no mention that the tax credit is available. But I guess that’s just how they do it.
Tax credit depends on individual purchaser's situation. It would add many steps to the inital order placement.
The main and configuration pages call out the credit:
So I went to the Newport Beach store and test drove both the LR and Performance MY today. They confirmed the tax credit was now immediately available. However, by the time I finished my test drive, all the discounted Performance models were sold out. And that’s the one I really want.
I can still get the LR AWD silver/black for $44K less $7,500. But I think I’m going to keep checking inventory to see if someone might cancel on the Performance model.
I can still get the LR AWD silver/black for $44K less $7,500. But I think I’m going to keep checking inventory to see if someone might cancel on the Performance model.
Prodock
Member
Yep, Tesla just called me and I set up the POS incentive for my pickup Monday. It wasn’t a showstopper, but glad it will be in effect for my transaction
Yes, the credit only goes to one buyer. Not sure how that gets specified with Tesla though. The son must file taxes separately.
https://www.irs.gov/pub/taxpros/fs-2023-22.pdf
wildguess
Member
wildguess
Member
Well, I found the answer myself. Tesla decreased the Amount Financed by the number above.
kaimanson
Member
My cousin is trying to finalize the incentive screen thru the app, but once putting his SS the next button doesn't light up, therefore he can't finalize the process.
wildguess
Member
New development:
Attachments
wildguess
Member
I purchased a 2023 MYLR yesterday. My wife had been interested in this and I went to the Dedham, MA location to check out a new inventory vehicle with 19" Gemini wheels for $44,090. I happened to ask the sales guy if POS would be available soon for the $7,500 incentive, and to my surprise he said it just became available that day. I was even more surprised when he told me the Massachusetts MOR-EV $3,500 incentive could also be applied POS, for a total incentive of $11,000. I took out my phone and purchased the vehicle on the spot.
In NY, the $2K state incentive is already applied at POS as of 2023 when I bought mine. So NYers can similarly now get a $9500 POS incentive on eligible vehicles.
wildguess
Member
It is only $500 for any Teslas in NY state:
Inflation Reduction Act: Vehicles - NYSERDA
Shopping for an electric vehicle? IRA tax credits and New York State rebates can lower the cost of going electric.
www.nyserda.ny.gov
Oh wow. That's new. It was $2K last year. I had no idea there was some change pending in NY. Do you have any insight on what changed?It is only $500 for any Teslas in NY state:
Inflation Reduction Act: Vehicles - NYSERDA
Shopping for an electric vehicle? IRA tax credits and New York State rebates can lower the cost of going electric.
Turns out NY has an MSRP limit of $42K to get the full $2K incentive.
www.nyserda.ny.gov
How the Drive Clean Rebate Works - NYSERDA
How the Drive Clean Rebate program works.
www.nyserda.ny.gov
