Update: Over 100 DansDeals readers in New Jersey have taken advantage of this potentially incredible deal, which ends at 9pm tonight!
Cars with an MSRP under $45,000 are eligible for a $5,000 rebate and cars with an MSRP between $45,000-$55,000 are eligible for a $2,000 rebate.
- A Tesla Model 3 with standard or standard range plus is eligible for a $5,000 rebate.
- A Tesla Model 3 or Model Y with long range AWD is eligible for a $2,000 rebate.
The NJBPU announced today that the deadline to purchase a vehicle and receive the rebate is September 15, 2021 at 9:00 p.m. ET.
The Tesla Model 3 and Y aren’t expected to be delivered until February if you order one today.
I asked the NJBPU for clarification and they confirmed that as long as you make the order before the deadline tomorrow, the dealership can fill out a form by 10/15 and reserve the rebate, regardless of when it’s delivered. Once the car is delivered the dealership will then have 14 days to finalize the rebate.
I called a Tesla dealer in New Jersey and they confirmed that you can order online and then request for them to fill out the paperwork.
What’s interesting about this is that it’s expected that the US Congress will pass an incentive package to purchase electric vehicles, though that may not go into effect until 2022. However unlike the NJ program, the federal program goes based on the time of delivery, not the time of purchase. The exact details are still being hammered out, but it’s likely that a rebate in the range of $7,500-$13,000 will be available next year.
In the past, Tesla has increased their prices when federal rebates have been available, so I’d expect that prices will go up once Congress does pass legislation. But in the meantime, an NJ resident can effectively lock in current pricing, lock in the current NJ rebate, and potentially be eligible for an upcoming federal rebate by ordering a Tesla now.
The down payment required to order a Tesla online is $250, so if this doesn’t all work out, the most you would lose out on is $250. But on the flip side, there are decent odds that you can get a $40,000 Tesla for just $22,000-$27,500.
If the federal rebate still hasn’t been finalized by February, you can push off the delivery of your car for longer.
Personally I LOVE my Model 3, and can’t imagine going back to a gas powered car. I never have to buy gas or change my oil, I have instant exhilarating torque, and the autopilot included for free makes long road trips nearly fatigue free!
Will you try to double dip and order a Tesla with this offer?