Tesla Model Y - There Is NO WAY This Is This Cheap!! Another Day, Another Discount!

Tesla updated the referral program, meaning prices are even better than just a couple days ago! See the update right here!!

Since the Tesla Model Y was first released in 2020, I have been tracking and reporting on pricing of the flagship Tesla. Although we saw massive price increases in 2021, we finally saw significant price decreases in 2023, following the implementation of the EV Tax Credits.

Prices have been overall steady this year, although there have been a few changes. At the beginning of the year, the EV Tax credits began eligibility to be transferred to the dealer and realized as a point of sale tax credit. The benefit of this is that by transferring the credit, you dont have to worry about having enough tax liability to cover the full $7,500. However, you still have to meet income cap requirements and the vehicle must be under MSRP limits.

The thing is, these tax credits are specifically for new vehicle purchases. For leases, you as the buyer dont get a tax credit, kind of. The bank, or manufacturer gets to take the full tax credit and is allowed to handle the $7,500 as they wish. Some manufacturers apply none of the funds to the lease, while others apply the full amount. In the case of Tesla, starting this year, they finally started applying the full amount to leases.

This means that Tesla is applying $7,500 towards the depreciation of the Tesla Model Y in the lease. This significant application of cash makes the lease on a new Tesla Model Y extremely low, and certainly cheaper than most other gas car equivalent on the market.

This Lease "loophole" actually allows everyone to qualify. You dont have to be under income limits, meaning even if you make too much money, or the vehicle you are looking at wouldn't qualify for the battery component requirements, the lease option applies to most EV's on the road today, within MSRP limits.

As we are coming to the close of 2024, I have been watching Model Y prices, and recently saw something that couldn't possibly be true. The payment calculator on Tesla's website showed an almost unbelievable payment on a brand new in inventory Model Y. I also have the military program for an additional $1,000 off a new Tesla. When combined, it actually means that the base Tesla Model Y can be had for just over $250/mo!!

Now I am not suggesting leasing is the right or wrong thing to do, or that its better or worse than a purchase, I am simply sharing what I have found on the affordability on a car that is far more sophisticated, has far more tech, is in a class of its own in safety, and all for costs lower than most run of the mill entry level cars.

This shouldn't be possible, but here we are. The affordability of a Tesla Model Y is at levels that make no sense. Once the year is over, these discounts usually reset, so this may be the best time to consider a new Tesla Model Y, because we already know that come next year, we may see the end of the $7,500 tax credit.

Incentives available right now on new Model Y and Model 3
Inventory Discounts from $1-5k
$1k-2k discount w/ referral link
Free Supercharging for 3 mo
Free FSD for 3 mo
FSD Transfer
$1k Military
0% on Model Y/Y
Lease Model Y/3 $299/mo
Free paint Model 3 Performance w/ FSD Purchase
Free option Model X AWD w/ FSD Purchase
$2k Uber drivers

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[TheBobbyBrown]

Anytime I’m tempted to pull the trigger, more incentives come and prices keep dropping. There’s no rush here, keep waiting and you’ll be rewarded. Especially when the new model y launches, old gen will probably get close to 30k

[Kermit]

Always enjoy watching your videos BTG. Stop trying to talk me out of keeping our 2022 Model 3!

[KforKronic]

I found a 2024 priced at $29, 270 at $378 a month with a $7, 999 Down payment. It was a demo vehicle with only 11 miles, still thinking about it. What do you think?

[credokpadenou]

Thank you for the video. I was recently gathering as much information as possible for tesla and I was disappointed by the amount of money you must spend to change your tires. It is way too expensive.

[NewYorksFinest]

A great time to be on a cruise 😊
I saw the 3 mos free early Thursday morning. Now they have the extra $500. I think there will be better deals in December. That's when I'll finally buy the Y

[nich]

Something to note as well, taxes, licences, and fees are all included in the financed monthly payment. Those same fees I just mentioned will need to be paid up front IF you are leasing instead of financing. This was confirmed by Tesla finance when I reached out to them.

[Branman]

Love the content, keep up the great work! I will say that I would be taking these vehicles to snowy weather in northern Canada. They are garbage from my experience on the winter, they are made for warmer climates that don’t drop below -10 or more. Gas power is the only power when it comes to winter far more reliable. Overall Great content and very informative.

[vex]

Got damn EV insurance prices are crazy now that so many are getting totaled which doesn't take much severe damage for a EV to be totaled these insurance companies trying to get their money on the front end like they know it's a matter of time before someone hits your EV.

[stevenlove]

Was about to trade in my 2023 Model 3RWD with less than 11, 000 miles. They offered me $23, 100 as part of the deal on a new 2024 Model YLR that was on site in inventory. I was going to pay cash and was all set to buy. The next day they suddenly reduced my trade in value by $800 with no explanation. I walked. (that's one hell of a lot of depreciation in just one day)! It was GOING to be a great deal with applied $500 loyalty credit and $7500 off for the Federal tax incentive.

[Toneeeeee]

How did you mic your voice on this video?! Sounds great

[terryscalzitti]

Hey Justin! Great video…Going to be buying my 2nd Tesla Model Y…quick question, can I daisy chain two tesla wall connectors, (I have one installed on a 60 amp circuit) or do I need one universal wall connector to PowerShare and daisy chain with my current wall connector. Any insight would be appreciated! (PSA I know that we are both not electricians, so any advice will be verified with a certified electrician). :-)

[lashlarue]

Just cut the price of the inventory models by 10% and stack all of the incentives. All that excess inventory would be gone by the end of December because people want to get the last of the $7500 rebate. Low interest rates means nothing to people who actually have money instead of a debt fetish; they want the actual price lowered.

[ThaiNguyen-ypjs]

Instead of the discounts, if they just offered white for free I would have bought one because I would qualify for a LR X white exterior. But the discounts doesn’t lower the price to qualify for the tax credit.

[Kingomé]

My man can't even take a cruise without clockin' in! LMAO GO HEAD BTG!

[stephendavis]

Is the 44.9K inventory price for RWD Y's? I'm looking at existing inventory and the AWD Y is 49.9K before incentives. Still good, but not 44.9K

[marshalsavage]

Waiting for the inventory discount to get back to $3-4k to pull the trigger or lower 0% for 72 months. Drive with uber so will use that $1k teslas credit and then 1k from Uber.

[JeepLJ]

Do you think they will bring back in December free unlimited super charging transfer SC01 to a new model?

[MrPerfection]

I just test drove a model y. I thought the interior looked cheap and the ride quality wasn't good. So yeah I see why the price dropped.

[niacalnia]

The first 42 inch Panasonic flat tvs were $4000 now a TCL 98 inch QLED is $1500. So I predict EVs would drop to $20000 or less.

[RoxyJill]

What are you about to do that might make the wife mad? Order a car? 😂