Final Hours: New Jersey Residents Can Order A Tesla And Possibly Double Dip The $5,000 State Rebate And Future Federal Rebate To Get A Tesla For $22K-$27K!

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Update: Over 100 DansDeals readers in New Jersey have taken advantage of this potentially incredible deal, which ends at 9pm tonight!

Related post: Thoughts On My Tesla, 2 Years After They Paid Me A Bounty Due To Giving Me Control Of Their Forums And 1.5 Million Accounts


New Jersey currently has a rebate for residents who purchase an electric vehicle.

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.

If you buy a Tesla via my referral link you’ll also get 1,000 free Supercharger miles.

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?

Leave a Reply

129 Comments On "Final Hours: New Jersey Residents Can Order A Tesla And Possibly Double Dip The $5,000 State Rebate And Future Federal Rebate To Get A Tesla For $22K-$27K!"

All opinions expressed below are user generated and the opinions aren’t provided, reviewed or endorsed by any advertiser or DansDeals.

Scott

If I put down a deposit today, how long can I wait to complete the purchase and take delivery while locking in the current price on the car?

Avi L

Any rebates or federal grants for NY

Sk

You can buy the base mustang Mach E and get the $5k state and $7500 federal, guaranteed. The federal rebates coming to fruition is a gamble.

yelped

So that’s it until ~July of 2022?

S

“the autopilot included for free” –

Can you clarify what autopilot featured are included for free, and what autopilot is the (expensive) paid add-on?

Justmeha

“the dealership can fill out a form by 10/15 and reserve the rebate”
Typo?

Dd

Isn’t the fed rebate based on income less than 100k?

Matthew

Am I understanding this correctly. If I put $250 down today, live in NJ, and don’t buy the car until say 2022 I could still double dip? Double dipping to get a Tesla in the $20k range sounds awesome, but I cannot afford it currently. If I lock in $250, is there a deadline to pay the rest? Say, if in December 2022 I can buy, will I still double dip?

Jc

Possible $7-$13K eligible in California too? If thats the $250 it may be worth it

luckyluck

It’s unknown if the federal credit will be refundable or non-refundable credit

חיים

If it will be non-refundable, it will make it an irrelevant credit for most folks.

EJB

Not most folks that buy teslas…

S

But maybe yes for most folks that buy $25K Teslas on DansDeals 🙂

DS

I’m not so certain that it will be that straightforward to have Tesla fill out the paperwork for the rebate by 10/15 without a dedicated VIN.

I realize they confirmed on the phone that it’s possible, but having them successfully actually execute the paperwork is another matter.

AG

Why do you think I’d be able to get the 5k and the federal?

Aaron

Do I need to select the cash option or does the loan option qualify?

Plini

Same price as a simple car but seen as luxury. Good luck with tuition assistance if you drive a Tesla.

CtownBin

It’s unfortunate that there are still places who use those kinds of things as a factor in tuition assistance. You should have to prove your income, and that’s it.

Avi

Will the Federal rebate be a credit or refund

AG

Same question and does it rollover year to year?

Jon

If you do a 7 seater Model Y, you are out of luck, right?

Dd

Hey Dan which dealership did you talk to? I called one and they said this only applies if we take delivery before Oct 15. Anyway to get the dealership info?

AG

If I don’t pay close to 7,500 in taxes will I get the rebate in cash?

Mark

It is unlikely that this kind of rebate will be refundable (like child tax credits are for example). So make sure you owe about 7500 in 2022.

DJ

If it’s not refundable, in an example that someone owes $13k before child tax credits, would the $13k be deducted before the child tax credits and get a refund?

Mark

This is a good question. Probably yes. But I would like a tax accountant to weigh in. The question is – if you have multiple credits, let’s say 5 children ($15k), and 1 EV ($7.5k), and your tax liability was $10k. Which credits get “used” first, the non-refundable ones (EV tax credit) or the refundable (child tax credit) ones?

DJ

Much better explained.

Ray

If I do reserve one now when will they pull my credit?

Dina

Had the same question does anyone have an answer?

Avi

Can the full self driving be added on after purchase?

S

As it stands, it seems Tesla would only be eligible for $7.5K since it’s not unionized?

“The tax credit for up to $12,500 per vehicle for U.S.-made union-made zero emission models compares with a $7,500 incentive for most other electric cars”
https://www.reuters.com/world/us/us-house-democrats-propose-ev-tax-credits-up-12500-2021-09-11/#:~:text=The%20tax%20credit%20for%20up%20to%20%2412%2C500%20per%20vehicle%20for%20U.S.-made%20union-made%20zero%20emission%20models%20compares%20with%20a%20%247%2C500%20incentive%20for%20most%20other%20electric%20cars

“Tesla does build cars in the US, but its workforce is not unionized. ”
https://www.cnet.com/roadshow/news/ev-tax-credits-congress-tesla-elon-musk/#:~:text=Tesla%20does%20build%20cars%20in%20the%20US%2C%20but%20its%20workforce%20is%20not%20unionized.

frank

So all we are getting is 5,000 off MSRP ? How much total discount will be provided?

chaim

I have model 3 SR PLUS and unless you dont do mostly local driving you must go for the long range and get 2k rebate instead of the 5k. Lakewood to mountains barely got me there one way on single charge on standard range plus. keep this in mind when ordering

Paron

How is NJ resident determined? Is it by license or address it’s being delivered to?

Bostener

“verified by the Dealership or Showroom via a current New Jersey Driver’s License. Only a New Jersey Driver’s License is eligible for residency verification. Utility bills, tax documentation, and other items with the applicant’s address will not be accepted”

https://chargeup.njcleanenergy.com/eligibility-guidelines

Zk

State used to have a rebate of 5k for electric cars under 50k, why you so sure we won’t see that again?

C

Can I get a cybert truck

Nathan

Do these rebates work for lease as well?

Bostener

https://chargeup.njcleanenergy.com/eligibility-guidelines

Based on the this site you will get the NJ credit.

Akiva

Dan,

I am just confirming, I do not have to take delivery of the vehicle to receive the grant monies from NJ? If the paperwork needs to be filed by 10/15 and I’m not taking the car until after February of 2022 at what point will I receive the NJ funds?

Naftali

Do I get a rebate if I order the model S?

Seriously Interested

Do I need to discuss or coordinate anything with the dealership prior to reserving/checking out online? Could the paperwork for 10/15 all be coordinated after going through the standard online process?

Uriel

Anyone have any luck getting an appointment to exchange an out of state License to NJ? (Need an NJ ID to qualify for this offer)

Luke

How about the lease option, I see the base model 3 goes for 410 a month plus 4500 down payment for 36 month/12k lease. Sum of all payments equals $19,260. If fed rebate is $13k plus nj rebate equals $18k the net cost might be like $1260!

Seriously Interested

If I’m not mistaken, fed rebate does not apply to lease.

Mark

And if it does apply to a lease, it will go to the owner of the vehicle (the company leasing it to you) and they will adjust the monthly price as they calculate/negotiate.

Mike

Dan, thank you for the post. The NJ grant used to be pro rated (if you sell you pay back) it may have changed but see if you can verify that

Dovid

Made the deposit, wish me luck!

Fred

Does this also qualify for Model Y?

Jake

Does the fed rebate apply to a lease? If not I by mistake choose lease and in the agreement docs it does not show anything about it being a lease, so I guess I can choose later on if I want it to be a lease or a purchase?

George

Do I need the NJ drivers license for proof of residency by 10/15 or at delivery?

Raphael Rosin

The charge up NJ website that you linked says the maximum MSRP to be eligible for the rebate is 55k, not 45k. It also doesn’t say anything about a 2k rebate for cars above that price. Can you please clarify?

Jacob

Which dealership in NJ did you call. I have a order for one over a month hoping on the $5k rebate. I called Tesla 1800 number and they told me That the paperwork for the rebate is filed only upon delivery. Which dealership can I call for them to file the paperwork tomorrow since mine is Paramus and it shows on Google maps but they are temporarily closed which dealership did you call and speak to that they can file my rebate tomorrow. thank you

yosef

@Dan
Based off the NJBPU site without an nj driver license you’re pretty much up the creek, any ideas of how to get around this while keeping my ny driver license? (I live in nj just like keeping the ny driver license for its “no points transfer from nj” benefit)

Jacob

I’ve heard someone who did it with a nj Id card

CtownBin

If I didn’t have essentially unlimited free gas from Giant Eagle, I may actually go in for a Tesla once they announce the Federal Rebate (I’m not an NJ resident so I can’t go in now for the double). But as long as I do, my gas cars do just fine 🙂

Seriously Interested

I just spoke with a Tesla rep and apparently there is a legitimate chance they assign a VIN prior to February, possibly even in 2021. There is an option to push off and decline the VIN. Does anyone know if declining an assignment that happens in 2021 will effect the NJ credit?

Ari

Do the “additional charges” – title fee, registration etc count towards MSRP?

Marc

How do i get to that form to sign up for that $5000 rebate?

Yaakov

I just ordered the 3, delivery is at the Springfield location. Is there anything specific I need to do to request the rebate? I.e. link to form etc.

Marc

Do I have to fill out the rebate form today or that happens on the day of delivery? I just don’t want to lose out on the $5000 rebate

Luke

Seems like a good bet to make, where can even keep it for the minimum 3 years that the state rebate requires and then sell it for a profit. Looking at how expensive 2018 base model 3 cars are selling for like following one, I think the base model 3 can resell for at least 30k after 3 years even if you put 100k miles on it and its in “fair” condition!

https://www.cargurus.com/Cars/inventorylisting/viewDetailsFilterViewInventoryListing.action?zip=08820&showNegotiable=true&sortDir=ASC&sourceContext=carGurusHomePageModel&distance=50000&entitySelectingHelper.selectedEntity2=c26535&sortType=DEAL_SCORE&entitySelectingHelper.selectedEntity=c26535#listing=311928877/NONE

david

thanks Dan!

so if I understand correctly, we can :
1) place an order today online using your referral link (no need to call dealership today)
2) before 10/15, contact nearby NJ dealership to submit paperwork (should work even without VIN)
3) waiting for delivery sometime next year
is my understanding correct?

Luke

And looks like Tesla will charge a $1200 destination and doc fee (anyone can verify if this includes NJ registration and tag fees or thats additional?)

So assuming the federal credit on this will be $7500, best scenario for base Model 3 would be $39,900 + $1,200 – $7,500 – $5,000 = $28,600. Unless I’m missing something else here?

Eli

Anyone knows if the fed tax credit if it passes will be a tax credit only or a discount on purchase price like the NJ Rebate?

gabi peretz

i have delivery this novemeber on a 3 standard range should i take it or push it off till febuary? what do you think

Raphael Rosin

I just ordered 3 of these.
I called the dealer to submit an application, but I was told that they can’t submit it until I take delivery of the cars. Won’t that allow the October 15th deadline to expire?

M

Called Springfield NJ location. The dealer will not file anything without a VIN but I was informed as long as the order is submitted before 9 pm today, the rebate should be honored. As the terms seem to change every year, hopefully they don’t change things up on us but if Dan posted
it I know it’s worth it!

Scott

If I select the cash option now, will I be able to take financing for it whenever I finish the purchase at a later date or am I locked into having to pay cash?

Luke

You can get your own financing through a bank such as Penfed rather than financing through Tesla and pay that way at the end.

Bostener

Tesla Dealership told me you can change between financing and leasing before delivery, as long as their financing department approves you for credit.

Moshe

When do I have to choose way of payment. I made the order tho just without finishing how I will be paying

R

All great unless you want to take a long trip and then you’re busy looking for plugs

DJ

Can I order base model today and change options later on? Don’t know what I would want right now.

Zev

I just got this email from the Cherry hill dealer.
Thank you for reaching out!

Typically, the rebate would automatically be applied to your order once your car is built at our factory. Unfortunately, the program will likely run out of funding before this happens.

With a delivery estimate of December, your Model 3 will be built towards the end of November. We’re expecting the program’s funds to be depleted next week. Unless the state adds more funds, I wouldn’t expect to receive the rebate on your Model 3.

Electric cars are still exempt from sales tax when registered in NJ, so there is still some benefit. Your order was placed before the program’s cutoff date as well, so there is a small chance the state will make an exception – although we won’t know for sure until closer to your delivery date.

Let me know if you have any questions

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