I apologize if this is being posted in the wrong forum or if the formatting is off.
Wife and I expect a much heftier tax liability this year than in the years to come. We have deposits down for 2 '23 ID4s from different dealerships, but it doesn’t look like they’ll arrive before 12/31. To be honest, I’m not totally sure whether it would matter even if they did.
At this point, we’re not at all picky. We’re just looking for ANYTHING that would qualify for the full $7,500 credit. We happen to be in need of a car regardless, but still, I figure better to park the money in an EV that we’re not thrilled about and sell it after a year than to donate $7,500 to Uncle Sam.
Relevant details:
We meet the income threshold
Located in Southern California (preferred), but willing to travel anywhere within the state ASAP
Ideally looking to keep the total cost under $45k (the lower, the better)
Preference for small SUV (in the vein of ID4), but open to literally anything that moves
Would only buy at MSRP
I fear we’ve missed the boat on this one. Is there anything left??
Another question: would it be worth cold emailing VW dealerships letting them know that if any cancelled orders arrive on their lot, we’d buy right away (provided MSRP, no add ons, OTD pricing in writing, etc.)? In such an email, what should I make sure to say? Or, rather, what should I make sure NOT to say?
That is only a list of vehicles that satisfy the north american assembly requirement. It is not a list of vehicles that qualify for a tax credit, now or next year.
Where you’re located it’s going to be tougher but with some hustle as year end gets closer those with inventory on lots should be looking to deal. And expanding to low end Mach E or some of the Kia Hyundai products (even without the credit) may also be worth it.
Tougher is right. From what I gather (in my admittedly limited search), there’s no inventory anywhere for anything in my price range that would qualify for the full $7,500 back on 2022 tax year.
While I do love a deal in general, the priority is to see whether it’s feasible, let alone possible, to dump the $7,500 I for sure owe THIS year (likely won’t next year) into a qualifying vehicle.
Yes, so you would need to cross reference the 2022 qualifying list with the NA requirement list to determine what shows up on both lists. So all the chevies, toyotas, teslas, etc fall off.
The ID4s built in TN qualify, yes. Also the S60 Recharge (no other Volvo PHEVs), the Mexico-built 330e and all X5e, the Escape PHEV or Mach E or Lightning, and the Leaf.
Generally: cross reference the fueleconomy.gov list with VINs that start with a number, not a letter…