since the chip shortage caused by the pandemic, it has become harder and harder to find good deals on cars. But if you live in California and want an EV, you can get a Tesla for less than $20,000, thanks to several possible benefits. This week, someone with the Twitter handle Zohar wrote about the fantastic deal they got on a brand-new Tesla Model 3. Before taxes and fees, he only paid $13,620 for the car in California, where he bought it. The total cost was $18,525.93, comprising the $1,390 shipping fee and the 9.25% local tax rate. A car with a starting MSRP of $41,240 is worth less. The main character in our story was kind enough to explain all of the discounts and refunds that made the prices so ridiculously low. The base Model 3 got a $4,120 deal immediately, and Zohar got a $500 bonus for referring him. So, the price was $36,620 at first, before taxes and shipping. After that, funding for EVs started. Due to his financial situation over the past year, our main character was eligible for extra payments for low-income people. The Clean Vehicle Rebate Project was given returns totaling $7,500. The “Electrify Your Ride” program of the Central Coast Community Energy and the “Electric Vehicle Incentive Program” of the Monterey Bay Air Resources District gave another $4,000. Zohar will also be able to get the $7,500 tax credit from the federal government. Aside from the significant savings already stated, the refunds and credits add up to a total of $23,000. If you don’t count taxes and fees, the actual cost of the buy was $13,620. The original price tag of $36,620 was still subject to the 9.25% tax rate, so the buyer had to pay $3,515.93. The delivery fee was $1,390 at the time. But Zohar’s brand-new Tesla Model 3 only costs him $18,525.93 altogether. Even if the steering wheel falls off in a week, that’s still a big problem. He says the Access Clean CA website helped him determine which rewards he was eligible for. It’s important to note that the incentives mentioned below are available for a wide range of EVs. Zohar’s savings were mostly because Tesla gave him a deal on his first order. It’s also important to remember that many rebates must be applied for after the car is delivered, and the time it takes to process these refunds can vary. Only some people will be able to get all of these perks. But it shows that unique possibilities are out there right now for people who are in the right place and meet the requirements. Remember that you shouldn’t expect to make money from a quick flip. Most rewards require a minimum ownership term to stop people from taking advantage of them. Anyway, I wish you the best of luck as you look for a good deal.
