Sign up, and CougarBoard will remember which categories you want to view. Sign up
Apr 29, 2024
11:05:13pm
OnEMoReTrY Starter
The tax credit for used EVs has a lot more restrictions and is limited to $4,000
instead of $7,500. The income limit is cut in half for both single and joint filers, the price of the used EV must be $25,000 or less, needs to be at least 2 years old, etc. Familiarize yourself with the official IRS guidance here https://www.irs.gov/credits-deductions/used-clean-vehicle-credit

There's a reason used EVs are relatively inexpensive, it's because you're that much closer to the warranty expiring on the battery and if that fails outside of warranty you're out a substantial amount of money.

I bought a brand new 2023 Tesla Model Y Performance last year. I love everything about the car. Given today's EV prices, and factoring in the tax credit differences, it makes 0 sense to buy used. I plan to sell mine before the 120k mile battery warranty is up.

Have you considered a Model Y over a Model 3? The hatchback and extra room are extremely nice, and Model Y prices are actually cheaper than Model 3 because it hasn't gone through the refresh yet.
This message has been modified
Originally posted on Apr 29, 2024 at 11:05:13pm
Message modified by OnEMoReTrY on Apr 29, 2024 at 11:08:10pm
Message modified by OnEMoReTrY on Apr 29, 2024 at 11:08:28pm
Message modified by OnEMoReTrY on Apr 29, 2024 at 11:08:44pm
Message modified by OnEMoReTrY on Apr 29, 2024 at 11:08:51pm
OnEMoReTrY
Bio page
OnEMoReTrY
Joined
Jan 16, 2013
Last login
May 31, 2024
Total posts
946 (0 FO)