Buy before year end, on 31st?

Ask the Hackrs
1

My car is being lemon lawed next week and I’ll need a replacement.

I can wait a few weeks till the new year.

I’d like to get an EV, but am very confused about the tax situation. But I’m not willing to pay a large markup for the tax credit. Not even sure what cars it applies to.

Should I try to make a deal on the 31st? Does that matter anymore in this car environment?

Should I wait till 1/1/23 to buy an EV?

I really don’t want to spend more than 50K, and ideally not more than 35-40K.

Thanks.

2

Do you like walking into a supermarket to buy some Soda on Sale and all they have left is some RC Cola?

It’s on sale, but you have a real limited selection.

I would try a week before.
Also you are in SoCal so expect ADM or Blessings since you walked into a Dealer without a plan.
Talk to a broker here and see if you can get a deal ahead of time.

2 Likes
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another satisfied tesla owner?

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A new tesla is this price right now! Lol

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  • Will you still qualify for an ev tax credit under the new rules? Many won’t
  • Are you looking at something that has the full credit now, but may not? Or has no credit now but will in January?
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If you don’t care too much for EAP or FSD (and don’t mind the uncertain future of parking assist like proximity sensors), a Tesla Model 3 Base will run you $45k before taxes and fees with the $3,750 discount. You’ll 100% get the car before EOY if you order soon.

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If you find the car that meets your needs at the right price, there is no point waiting till the end of the year.

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Just because an EV has a tax credit doesn’t make it a good deal.

A 2023 Mach-E GT Premium AWD ER or GT at MSRP is a poor deal. It’s overpriced at $67K+. Ford jacked prices up $9K so value wise I think the top/mid trim of EV6 and Ioniq 5 are better value at mid $50Ks.

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