Budget for Model 3?

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My Model 3 Budget is...

  • 35,000

    Votes: 53 5.6%
  • 40,000

    Votes: 156 16.4%
  • 45,000

    Votes: 291 30.5%
  • 50,000

    Votes: 190 19.9%
  • 55,000

    Votes: 141 14.8%
  • Max it out baby!

    Votes: 123 12.9%

  • Total voters
    954

TrevP

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#1
Just curious what your approximate budget is for the Model 3. I know at lot of people are counting on getting the tax credit in the US to help defer some of the costs so give us your thoughts...

Since in Canada I'm budgeting for $60K given the USD exchange rate at the moment. Ontario has a really good rebate program that will effectively reduce the Model 3 cost by $14K. I think it's one of the reasons we've seen unprecedented numbers of reservations here.
 

Skione65

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#3
TrevP,

I apologize if you wanted this to be a "Poll Only" Thread in advance my friend. I can't speak for everyone but for myself I was hoping to get close to base at $35k and then get the $7500 rebate and most as well as myself would just put that $7500 back into the car with Options and even past that, up to preferably but not past $45-50k. However I feel I missed early enough Reserve and therefore most likely will not make the Rebate. So I'll just eat the cost savings and most likely will not 'Option Up' to the extent I would have with the value of the Rebate.

Ski
 

Skione65

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#4
I would pay extra for matte black, carbon fiber trim, AWD, and highest battery capacity. I hope supercharging is free and not just available/capable on all Model3's.
Armand,

I believe Elon specified Available AND free on the Model 3.

Ski
 

Reggie

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#6
My goal was to keep the cost at around $45K, which is the cost of what my ATS was. That keeps payments about the same with what will hopefully amount to much more options in the new car. I have never planned for the $7500 tax credit in my equations. So, while I do believe that I will be early enough to receive the credit, not receiving the credit isn't the end of the world. If I received it, I would just put it towards the car anyway, bringing the amount owed down.
 

Reggie

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#8
Unless legislation changes, the rebate is limited to the first 200,000 vehicles sold in the US per manufacturer. With 300k+ preorders plus existing Model S/X sales through the time the M3 ships, there is a strong chance by the time you get yours, 200K may be up. One thing to note is that once you hit 200K, the rebate decreases until it's zero. So, you may still get a rebate, but not $7500.
 

Van Shrider

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#9
Yes, and the number of Model S and X that will be made between now and then will also bite into the 200000 a bit also.
Anyone have an accurate count of the total number of Tesla's sold in the IS to date??
I was going to quote numbers from today's financial report. Then I remembered that those numbers are world wide numbers and not only US numbers.
 
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#10
I've read that Tesla may be able to ask the federal government for an extension on the tax breaks. Anyone have any info to support or discredit this?
 

Skione65

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#11
I've seen some press today indicating that Tesla has rendered whether or not it will be free an open question:

http://www.teslarati.com/tesla-misses-q1-goal-clarifies-model-3-supercharger-status/
ttupper,

Wow.....thanks. That one got by me. I'll be extremely disappointed if they do not offer us "free Supercharging" as I have a S Station 20 minutes from my house. Though they haven't decided, It doesn't sound like they want to offer that to Model 3 Owners in an attempt to keep cost down.
That would almost be a deal breaker for me. I'd have to seriously consider the purchase now. Although I have a Supercharging Station close I really don't have any Destination Chargers. So it would be my house charge or pay for Supercharging. The first thing I looked at was the Spec Map for Supercharging Stations near me.

Ski
 

Skione65

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#12
I've read that Tesla may be able to ask the federal government for an extension on the tax breaks. Anyone have any info to support or discredit this?

JKChiang,

I've read the same and sure hope it's true. Don't have anything other than that. I do know a petition link is around for us to sign but have heard it doesn't really mean much coming from consumers. I've read it has more weight coming from Corporate or Major Corporations.....Maybe we can Petition Elon. Anyone know how we can start this? Or have appropriate Contacts?

Trev?

Ski
 
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#13
What is the limit on the rebate?
By "limit" do you mean the amount you will receive if you bought a Tesla today? You would receive a tax credit of $7,500, whether you can use that full amount is a discussion you need to have with your tax accountant (hint, if you pay more than $7,500 per year in federal taxes then you can probably use 100% of the credit). This does NOT include any local rebates.

If you mean "When I finally receive my Tesla in 4 years, will there be any tax credits available from the federal government?", then you may want to read this post, it has the best explanation I have seen:
http://insideevs.com/when-will-the-7500-us-credit-expire-for-the-tesla-model-3-and-everyone-else/
 

LUXMAN

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#14
Back to options :rolleyes: I am hoping for the rebate as well since I was early in line on the 31st. But Living in TX might hurt my odds. I would use that to option up. Me thinks....
Car 35k
Awd. 4K
Leather 2.5k
Red 1.5k
Metal roof. Std
That's 43k. If I can get the rebate, bigger battery for 10k more. So 53k. 3.3k tax plus 1.2k delivery. So 57k!!!! - rebate is $49.5k. Ouch!!!
So lose the battery upgrade and Awd and I am at 35 out the door. But might not get the rebate without options if I have to wait. :eek:
Keep driving the leaf and be patient I guess.

Also fairly confident that supercharging will be at a cost. Sorry. Have to pay for it somewhere and I don't know if the money is there at the low price point.
 

Skione65

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#15
Back to options :rolleyes: I am hoping for the rebate as well since I was early in line on the 31st. But Living in TX might hurt my odds. I would use that to option up. Me thinks....
Car 35k
Awd. 4K
Leather 2.5k
Red 1.5k
Metal roof. Std
That's 43k. If I can get the rebate, bigger battery for 10k more. So 53k. 3.3k tax plus 1.2k delivery. So 57k!!!! - rebate is $49.5k. Ouch!!!
So lose the battery upgrade and Awd and I am at 35 out the door. But might not get the rebate without options if I have to wait. :eek:
Keep driving the leaf and be patient I guess.

Also fairly confident that supercharging will be at a cost. Sorry. Have to pay for it somewhere and I don't know if the money is there at the low price point.
Luxman,

Unless you have great willpower......I'm sure a lot of us will spend more on the Model 3 than we anticipate. It is quite the sticker shock when you start adding up and pricing options, home charger installs etc.

Ski
 

LUXMAN

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#16
Ski.
Tru Dat! When the time comes I will prob go a little crazy. Guess I bette work even more overtime now.
I have a 30 amp charger I put in for my Leaf in 2013 so I will just keep that. It should be sufficient for both cars.
 

K C

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#18
Ski.
Tru Dat! When the time comes I will prob go a little crazy. Guess I bette work even more overtime now.
I have a 30 amp charger I put in for my Leaf in 2013 so I will just keep that. It should be sufficient for both cars.
I hoping to keep it at 47k so I am working overtime every week till the day when I get to design my model 3.
 

Van Shrider

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#19
Would it be wrong to simply use the model S design studio, then scale everything my 50%?
If you look at the base nothing added no frills nothing extra 70K (S) to 35k (3)
Fully loaded S with every option checked off Except kids seats Then add the ludicrous option $142 (S) to $71 (3)
Absolutely everything except ludicrous and kids seats 130 (S) 65 (3)
.???
I hope that there is a better economy of scale than this to be honest..when you buy 100000 units at a time they should get way better parts deals........but trying to be a little realistic as this cuts the price of every option , wheels/everything in half.
I'm not saying that I would pick ALL that stuff, I'm just trying to get a grasp on what we might see and the economy of scale.
 

Jane

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#20
Early East-coast reservation MAY get me some rebate, but $45k is my expected budget. Would opt for dual motor, nav, and supercharging. We'll see...