Will you still buy a Model 3 if the federal tax credit ends?

[chronopc]

There was a handsome celebrity, forget who, who was caught with a hooker.
The press asked why he would need to hire a hooker to have sex with him.
"I don't pay them for the sex, I pay them so they are gone in the morning."

I'm sure he'd pay with a 20% mark up too.

 

[shrspeedblade]

What kind of time frame? Or might you wait until all wrinkles (aka employee beta testing) are ironed out? Or... wait for the Model Y that Elon said is going to be based on the Model 3 platform?

I'd probably wait another year due to some factors specific to me as well as letting them crank out a couple hundred thousand first, so 18 months instead of 6 months or so from now.

On the other hand, the tax credit deadline makes a marvelous excuse to indulge my impatience!

 

[insaneoctane]

I think Tesla will adjust their pricing slightly after the federal rebate is gone. They won't reduce it by the full $7,500 but some options will likely be reduced some. I feel like they are maximizing their margins right now while the gettin' is good. Just MHO.

 

[chronopc]

I'd probably wait another year due to some factors specific to me as well as letting them crank out a couple hundred thousand first, so 18 months instead of 6 months or so from now.

On the other hand, the tax credit deadline makes a marvelous excuse to indulge my impatience!

I'm splurging on the long-range battery because I anticipate getting the full credit. If there was no credit I would really have to consider the short-range battery.

 

[dsvick]

How many things do you buy when the price goes up over 20%?

What does the tax credit have to do with the price of the car? It's a credit not a rebate.

 

[chronopc]

What does the tax credit have to do with the price of the car? It's a credit not a rebate.

It kind of works like a rebate. But instead of the manufacturer giving you $7,500, the government does. Assuming they withheld at least that much.

 

[gg_got_a_tesla]

I'm splurging on the long-range battery because I anticipate getting the full credit. If there was no credit I would really have to consider the short-range battery.

Ditto. Managed to convince my wife to spring for the LR precisely because of the tax credit being available right now. Oct - Dec is good too as her current car lease is done in Dec.

 

[electracity]

It looks like I hit the full credit with the long range version, and half credit with the standard battery. That certainly makes buying the long range more attractive. $5.5K instead of $9K

 

[manitou820]

If there was no credit, I would be waiting for the dual motor or the performance model. But because I'll still qualify for the $7500, I'm getting one of the long range with premium package in the first round. I'll probably trade it in after a couple of years for a dual motor / performance version or the Model Y.

It's a competitive car without the tax credit. I'd much rather pay $50k - $60k for a Model 3 over an equivalent german sedan.

 

[treesandmore]

Absolutely. I'm not going to be able to take advantage of the credit since I don't make that much, so I'll be paying full price (from money saved for this purpose).

 

[S4WRXTTCS]

I probably WON'T buy a Tesla Model 3 until it ends.

 

[electracity]

It kind of works like a rebate. But instead of the manufacturer giving you $7,500, the government does. Assuming they withheld at least that much.

Has nothing to do with withholding. You need $7500 in tax liability. That can be done with capital gains alone.

 

[Sandiegodoug]

Yes
But only base model

 

[chronopc]

Has nothing to do with withholding. You need $7500 in tax liability. That can be done with capital gains alone.

You are correct. It's not just the withholding, it's all of the tax liability. I normally get a tax refund so for me it will be $7,500 of the withholding that I'll be getting back.

 

[C141medic]

Will you spend the full $35k+tax for the base Model 3?
Will you spend $44k+tax for the large battery?

Planning on the fully loaded model with the longe range battery minus the FSD and 19" wheels. Will not buy if there's no tax credit. But my estimate is for Jan-Mar 2018 for delivery so no tax credit should be a moot point.

 

[Zythryn]

Yes, without a doubt.

 

[Az_Rael]

I probably WON'T buy a Tesla Model 3 until it ends.

+1. I want the AWD P Model and I am guessing that won't be released until the credit is long gone.

 

[N5329K]

Other things will count for more than the tax credit. If they're resolved, the tax credit is just icing.
Put me down as a solid "maybe."
Robin

 

[S4WRXTTCS]

+1. I want the AWD P Model and I am guessing that won't be released until the credit is long gone.

I'm in the same boat as I want an AWD P Model, and I already have a Model S.

Plus I think it's time the tax credit went away. To me the base Model 3 is clearly worth $35K, and if someone can't afford that than there is buying used.

It's not like there isn't a MASSIVE amount of used electric cars now.

 

[C141medic]

I'm in the same boat as I want an AWD P Model, and I already have a Model S.

Plus I think it's time the tax credit went away. To me the base Model 3 is clearly worth $35K, and if someone can't afford that than there is buying used.

It's not like there isn't a MASSIVE amount of used electric cars now.

A very bourgeoisie response. Yes, the base may be worth 35K and hooray for you since you already own a Model S but majority of people may not be in the same "club" you're in.