The Cool Down
Tesla owner reveals how he bought his used EV for surprisingly low price: 'Plea…
One driver reveals how he bought a $25,000 Tesla Model 3 for just $16,000, thanks to a little-known dealership trick.
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Tesla Buyers Rush to Utilize Expiring Federal Tax Credits for Significant Savings
Federal Tax Credit Offers Significant Savings on Tesla Purchases.A recent social media video by user 'mindofbrant' has brought attention to federal tax credits that can substantially reduce the cost of purchasing a Tesla. The creator claims to have acquired a 2022 Model 3 for $16,000 by leveraging a $4,000 tax credit for used electric vehicles.According to the video, this incentive can be utilized as a down payment if the purchase is made through a dealership that processes in-house tax credit claims. The creator advises potential buyers to seek out one-owner used Teslas from such dealerships.The video also highlights a more substantial $7,500 federal tax credit available for new Tesla vehicles. However, both the used and new EV tax credits are set to expire on September 30, 2025, urging interested consumers to act quickly.While the video's creator expressed gratitude for the opportunity, stating, 'Just knowing about little things like this... will literally change the game for you,' some social media comments indicate a mixed reception, with users questioning the actual out-of-pocket costs, insurance implications, and the process of claiming the tax credit. One user noted, 'Note that the tax credit comes to your taxes you still have to pay full price up front,' suggesting a potential misunderstanding or oversimplification of the immediate financial benefit.Experts advise consumers to thoroughly research the specific eligibility requirements for federal EV tax credits and consult with financial advisors or dealerships to understand the full financial implications and ensure a smooth transaction before making a purchase.
