Hey everyone, DennisCW here! If you've been following my YouTube channel, you know I'm all about breaking down the latest Tesla news, tips, and hacks to help you get the most out of your EV journey. In my recent video, I dove into something exciting (and time-sensitive) that Tesla is pushing hard right now: the $7,500 lease incentive loophole. If you haven't heard about it, stick around because this could save you thousands. Let's break it down step by step.
For those new to the EV world, the federal government offers a $7,500 tax credit for qualifying electric vehicles when you buy them outright or finance them. But here's the catch: there are income limits. If you make too much money, you might not qualify for this credit on a purchase.
Enter the loophole! If you lease a qualifying Tesla—like the Model 3 or Model Y—you can still snag that $7,500 incentive, even if you're over the income threshold. Tesla is now highlighting this in their latest incentive offers, and it's the top one on their list. The best part? This lease deal lets you buy out the lease right after signing, effectively turning it into a purchase while keeping most of the savings.
From my experience and what I've seen on forums, you'll typically end up with about $6,000 to $6,500 in actual savings after fees. It's essentially free money from the government, and it's a smart way to bypass those income restrictions.
Tesla is stressing that this lease incentive is ending on September 30th. It might seem like a minor update to their offers, but it's a big deal. If you've been on the fence about getting a new Tesla, this could be your last chance to leverage this loophole before it's gone. I've heard from tons of viewers and forum users who've done this successfully—saving big without the hassle of income qualifications.
If you're shopping for an EV and don't qualify for the standard tax credit, leasing could be your golden ticket. But remember, this doesn't apply to outright purchases; it's lease-specific for now.
Have you taken advantage of this loophole before? What was your experience like? Drop a comment below—I love hearing from the community. If you're on forums like Tesla Motors Club, you've probably seen stories of people pulling this off seamlessly. Let's discuss!
While we're talking Tesla upgrades, let's chat about something every new owner needs: all-weather floor mats. New Teslas don't come with them, which is a bummer in messy weather. I've tested tons—3D Maxpider, Tesmanian, and random Amazon ones—but my absolute favorite is from 3W Liners.
These mats are durable, custom-fit, and perfect for keeping your Model 3, Model Y, Model X, or even Cybertruck spotless. I've got them in all my vehicles, and they hold up amazingly. Plus, as a channel partner, I can hook you up with an exclusive deal!
Use promo code Dennis35 for 35% off, bringing a full set under $100. It's a win-win: you save money, and it supports the channel. Check the link in my video description or head to their site to grab yours today.
The $7,500 lease loophole is a fantastic opportunity for high earners to get in on Tesla savings, but time is running out—September 30th is the deadline. If this sounds like it fits your situation, act fast! Thanks for reading, and if you enjoyed this post, subscribe to my YouTube channel for more Tesla insights. What topics should I cover next? Let me know in the comments.
Drive safe, and I'll catch you in the next one!
-DennisCW
Tesla enthusiast and EV expert. Sharing tips on maximizing your Tesla ownership experience.