Tax credit for discounted cars

[rrr_land]

Hi all,

I have ordered model Y after recent price reductions and I am in line for getting the vin assigned, EDD March 15 to 31. I really want it to be delivered ASAP, ideally before March, not to miss out on the tax credit of $7500. Now I see a few demo model Ys available in inventory at a very good discounts. Would a 56k demo with 1k discount qualified for the tax credit? When I went ahead and tried to order, it didn't show me message that this configuration is eligible for the tax credit.

Thanks

RRR

 

[woolymammoth17]

Hi all,

I have ordered model Y after recent price reductions and I am in line for getting the vin assigned, EDD March 15 to 31. I really want it to be delivered ASAP, ideally before March, not to miss out on the tax credit of $7500. Now I see a few demo model Ys available in inventory at a very good discounts. Would a 56k demo with 1k discount qualified for the tax credit? When I went ahead and tried to order, it didn't show me message that this configuration is eligible for the tax credit.

Thanks

RRR

No. Doesn't matter what you pay or what discount you get. Only matters what MSRP is.

 

[ATPMSD]

The $7,500 credit does not go away in March, there are a few more restrictions, however:

Electric Vehicle Tax Credits 2024: What You Need to Know | Edmunds

Wondering how federal EV tax credits work in 2023? Check out our full analysis of EV tax credits to see which vehicles qualify and how you can get the electric car tax credit as a buyer. We cover EV tax credits for leasing, too.

www.edmunds.com