Tesla Model 3 - V4.0

Interested in 'Term and conditions'🤔

Would a vintage car fall into this category?

I rang Tesla and was told I could defer if I wanted to next quarter.

They said this is so new of course they have no details on it and as usual say they are not told of what pricing will be next quarter.

The agent agreed with me when I said id assume the Tesla €2000 trade in bonus would likely be gone.

She pointed out that back when SEAI grant was €5000 interest rates jumped to 6.9%. However, I think the EV market is more competitive now so such a high rate is unlikely. If interest rates were to go up to 3.9% and €2000.00 trade booster was gone the net benefit would be decreased quite a bit.

Would I be silly to defer my order for this scheme?

I would fully expect manufacturers to adjust pricing on cars that are close to the threshold to capture this market.

Term and conditions.

I wonder does the vehicle have to already arrived into the country or would it be just if received after this has come online presumably 1st July 2026?

Im thinking if I defer my order for next intake for model 3 Tesla say in August or September, there is only a 35% allocation to Dublin for this fund.

So is there a real risk it could be oversubscribed in July/August before I physically receive the new Tesla or could Tesla apply all that from 1st July if I told them to do so?

Every new car retailer is going to be across this and trying to maximise sales as a result. Tesla wont be any different. Not saying there wont be issues, but they will be well aware of the mechanications of the scheme and how its fits into their process.

I thought I was going to be able to use it as the parents have a second car thats over 13years old but sadly it's not in my name and it has to be for 12 months.

Not a huge amount of people with 13+ year old vehicles, who are looking for a new car, and will want an EV.
Hopefully the scheme is done in a way to ensure recent ownership changes aren't allowed.

An even better scheme would be also announcing a new fund for credit institutions to access to offer low-cost EV loans underwritten by the state specifically for people availing of this scheme.
That way people with lower wealth and with older, more polluting cars, could actually benefit.

That's too difficult though, obviously.

Hopefully the scheme is done in a way to ensure recent ownership changes aren't allowed.

They have that covered it must be in your name for 12 months. NCT'd ran out less than 6 months and taxed and insured with in the last 6 months.

2000 places seems low but not many people with an old car will be looking to buy a brand new ev.

Be careful with this, there could also be a restriction with selling on the new grant aided EV for a certain period of time after it’s registered.

They don't own it a year so can't use them to buy the new car either.

Just thinking on that I'm assuming there would be no way to avail of the €2000 trade in bonus and €5000.00 scrappage scheme.

For the €2000 you have to trade in a vehicle but can't scrap it and then also have it to trade in right. It's can't be sold on auction as needs to be scrapped to get the €5000.00.

So it's really €3,000 of a difference which would be reduced further if interest rates went up a lot. Given it has to be a car over 13 years, I don't think they could increase interest rates too high.