In a remarkable turn of events, an individual in California managed to purchase a Tesla Model 3 at an astonishingly low price of just $13,620, thanks to a unique combination of state and local rebates, federal tax credits, and inventory discounts. Through their Twitter thread, they shared their exciting journey of getting the electric car deal of a lifetime and also offered valuable insights into the various incentives that made it all possible.
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A Person Gets a Tesla Model 3 for Only $13,620
The protagonist’s journey to securing the unbelievable deal on the Tesla Model 3 began with a savvy approach to the purchase. They opted to buy the base model of the Model 3 with white interior directly from the inventory. This decision proved to be advantageous as they received a significant discount of $4,120 on the sticker price. The inventory discount played a crucial role in reducing the overall cost, making the Model 3 even more appealing.
But the savings didn’t stop there. The protagonist took advantage of Tesla’s referral program, which rewarded them with an additional $500 referral credit. This credit was applied on top of the inventory discount, further reducing the total cost of the vehicle before taxes and delivery fees.
By combining the $4,120 inventory discount and the $500 referral credit, the base cost of the Model 3 was brought down to $36,620 before accounting for taxes and delivery fees. This strategic approach allowed the protagonist to secure a highly desirable Tesla Model 3 at a remarkably reduced price, laying the foundation for the incredible deal they would later unravel with the various state, local, and federal incentives.
Unraveling the Incentives
A substantial portion of the jaw-dropping discount came from a series of rebates and credits, particularly designed to assist low-income individuals in adopting clean, eco-friendly transportation options. The breakdown of incentives is as follows:
Clean Vehicle Rebate Project (CVRP)
The CVRP is a California state program that aims to encourage the adoption of clean vehicles, including electric cars. It offers rebates to eligible individuals, reducing the upfront cost of purchasing an electric vehicle. In this case, the individual received a substantial $7,500 rebate from the CVRP, which significantly contributed to the overall cost reduction.
Electrify Your Ride Program
The Electrify Your Ride program, initiated by the Central Coast Community Energy (3CE), is a local initiative designed to promote electric vehicles within the Central Coast Community Energy region. Through this program, the individual secured an additional $4,000 incentive, further lowering the price of the Model 3.
Monterey Bay Air Resources District
Electric Vehicle Incentive Program: This regional incentive program, offered by the Monterey Bay Air Resources District, aims to incentivize the adoption of electric vehicles to reduce air pollution and promote cleaner transportation. The individual received another $4,000 incentive from this program, adding to the substantial savings.
Federal Tax Credit
Perhaps one of the most significant incentives for electric vehicle buyers in the United States is the federal tax credit. The federal government offers a tax credit of up to $7,500 for eligible electric vehicle purchases, based on individual tax liability. This tax credit effectively reduces the amount of federal income tax owed, directly impacting the final cost of the Model 3.
Combining the Incentives
In total, these incentives amounted to an astounding $23,000 in discounts, making the prospect of owning a Tesla Model 3 much more attainable. Adding the $4,120 inventory discount and $500 referral credit, the grand total of credits, rebates, and discounts soared to an impressive $27,620.
It’s worth noting that incentives and rebates for electric vehicles can vary based on location and individual eligibility. As governments and communities prioritize sustainable transportation, these incentives are likely to continue evolving, making electric vehicles even more attractive in the future.
Crunching the Numbers
After factoring in the incentives and discounts, the purchase price dropped from $37,120 to just $13,620, a staggering difference. However, it’s essential to remember that taxes and delivery fees are part of the equation.
In Californian, the tax rate was 9.25%. After including taxes and the delivery fee of $1,390, the final cost came to $41,525.93. Nevertheless, the massive $23,000 in incentives drastically reduced the overall cost, bringing the final price after taxes and fees to $18,525.93 – an incredible value for a Tesla Model 3.
Access Clean California – The Key to Unveiling Incentives
The individual pointed to a valuable resource – https://accesscleanca.org – which played a crucial role in finding and sorting through the numerous incentives available in California. This user-friendly platform helps electric vehicle enthusiasts discover all potential incentives they may qualify for, making the process smoother and more accessible.
Just got a Tesla Model 3 in CA for $13,620 before taxes & fees! Thanks to a unique combo of state/local rebates, the federal tax credit and a $4120 discount from inventory, I got this amazing deal!! 😍
— Zohar (@Zoron9102) July 20, 2023
Electric Vehicles Pave the Way to a Greener Future
As we marvel at the incredible deal that one fortunate individual managed to secure for their Tesla Model 3, it offers a glimpse of the promising future that lies ahead for electric vehicles (EVs). The convergence of state/local rebates, federal tax credits, and inventory discounts showcases the potential of EVs becoming more accessible and widespread.
In the coming years, we can expect further technological advancements in electric mobility, resulting in increased driving ranges, faster charging capabilities, and greater affordability. Governments worldwide are stepping up efforts to combat climate change, and with growing awareness of environmental issues, EVs are set to play a pivotal role in reducing carbon emissions and promoting sustainable transportation.
The integration of smart grid technologies and renewable energy sources will contribute to optimizing EV charging and enhancing their overall eco-friendliness. As the transportation landscape evolves, electric vehicles will undoubtedly take center stage in forging a greener and more sustainable future for generations to come.
Should You Wait for the 2024 Tesla Model 3 Refresh?
As Tesla enthusiasts weigh the decision of whether to buy the Model 3 now or wait for the highly anticipated Project Highland upgrade, exciting developments lie ahead for the iconic electric vehicle. The choice depends on individual circumstances and preferences, with immediate incentives and affordability favoring current purchases, while waiting may lead to potential discounts and improved features.
The upcoming Model 3 refresh promises to address certain shortcomings and enhance the driving experience. With leaked details suggesting front and rear castings, redesigned headlights, and performance upgrades, the Project Highland Model 3 is poised to captivate EV enthusiasts. As Tesla continues to innovate and produce record numbers of electric vehicles, the future looks promising for the Model 3 and the sustainable transportation revolution.
The extraordinary journey of this Californian in acquiring a Tesla Model 3 at an unbeatable price of $13,620 stands as a testament to the potential benefits of combining various incentives and discounts. It demonstrates the opportunities available to eco-conscious car buyers who wish to embrace clean energy and sustainable transportation.
By leveraging a unique blend of state and local rebates, the federal tax credit, and inventory discounts, this individual not only fulfilled their dream of owning a Tesla but also served as an inspiration for others seeking to make a positive impact on the environment and their wallets alike.