In an extraordinary turn of events, one lucky Tesla enthusiast has managed to snag a brand-new Model 3 for a jaw-dropping price of under $15,000. While Tesla’s highly anticipated sub-$25,000 mass-market electric car is still on the horizon, this savvy buyer has demonstrated that it’s possible to combine various incentives and discounts to get the deal of a lifetime.
The incredible feat was accomplished by a Twitter user going by the name Zohar, who proudly shared the details of his remarkable purchase on the social media platform. According to Zohar’s post, he managed to secure a rear-wheel-drive Model 3 with 18-inch wheels, adorned in midnight silver paint and a sleek white interior. The car’s initial sticker price was $37,120, but through a series of clever maneuvers, Zohar managed to whittle down the cost significantly.
To begin with, Zohar capitalized on an inventory discount of $4,120, bringing the price down to a more reasonable $36,620. He then enlisted the help of Tesla’s referral program, which not only shaved off an additional $500 but also rewarded him with three months of free Full-Self Driving (FSD) capability.
However, the real magic happened when Zohar unveiled the myriad of incentives he was eligible for, thanks to his unique financial situation from the previous year. As a low-income individual, he was able to qualify for top-tier rebates in several programs, making his case even more exceptional.
Here’s a breakdown of the subsidies that Zohar was able to combine:
$7,500: California’s Clean Vehicle Rebate Project
$4,000: Electrify Your Ride Program from Central Coast Community Energy
$4,000: Monterey Bay Air Resources District – Electric Vehicle Incentive Program
$7,500: Federal clean vehicle credit
This impressive total of $23,000 in incentives would be enough to cover the cost of an entirely new 2023 Toyota Corolla Hybrid. With these savings, the effective price of Zohar’s Model 3 was slashed to a mere $13,620, excluding taxes and fees.
However, it’s essential to keep in mind that regional variations in incentives and income eligibility criteria play a crucial role in such deals. Zohar’s advantageous situation allowed him to access a wide range of incentives, particularly due to California’s reputation for offering numerous benefits to EV buyers. Residents of other states may experience different pricing and incentive structures.
Furthermore, it’s important to note that some incentives cannot be combined with others, which may impact the final amount a buyer can save. As the electric vehicle market evolves and new policies come into effect, the dynamics of such deals may change over time.
For now, Zohar’s incredible bargain remains a testament to the potential savings and opportunities that can be harnessed when combining discounts, incentives, and strategic financial planning. As Tesla continues to push the boundaries of innovation and accessibility in the EV market, more buyers may find themselves on the road to scoring their very own deal of a lifetime.