Hello, I am new to this forum. I am considering purchasing the Cadillac Vistiq Luxury or Sports model.
I’ve a small business and will like to use the business deduction for the full purchase price.
I was quoted the following from one dealer, withoutanynegotiation:
Sale Price: 80190
Dealer Protection package: 4995
Discounts: Costco: 1250. Conquest: 2000, Plus one more, totaling: 4250$
Total price after rebates/discounts: 80,935$ plus taxes and license
How difficult would it be to use the Commercial Clean Vehicle Rebate of 7500$? I have never done it before. Would the dealer do it at the time of sale?
I see so many reports of people getting this car for 73 or 75K. There is one post of a person getting 70K out of the door.
Can someone point me in the right direction, much appreciated.
I wasted the entire month of August basically spamming every Cadillac dealer West of the Rockies. The Cadillac dealers typically fell into 3 camps.
Ghost me because I wasn’t worth their time (about 50% of dealers would say they’d get back to me but obviously didn’t care so I never heard anything). I respect them not wanting to waste their time or my time.
Say we were close but they weren’t going to dip further on price since they weren’t ready to do a triple-net deal. I respect the honesty here and things usually went pretty quickly to learn how far off we were to getting a deal done. Larson Cadillac (Fife, WA) seems a bit more “normal” and may be a better place to shop.
Bellevue was in the minority of dealers that seemed hella shady. The sales associate I was put in touch with after reaching out on their dealer website had a freaking gmail address. I asked why the dealership wouldn’t even give him a legit business address and he was like “this is how they do it here.” I also got a really weird feeling talking to their SM since he’d basically say one thing but then do another. Their pricing was also 100% screwed up. Cadillac of South San Francisco was the only dealer that was worse than Bellevue.
WA is kind of tough to hack cars… so @IAC is right that to get a really good deal you may need to have a car shipped.
The limits are retroactive. The 100% bonus depreciation is perspective which means after 2025 since budgets are for the following year, not the current year.
I would be very cautious against only referencing one source for accounting/tax advice.
The OBBB makes permanent 100 percent bonus depreciation for qualifying business assets acquired after January 20, 2025, and raises the Section 179 expensing limit to $2.5 million (phasing out at $4 million). Heavy SUVs, pickups, and vans with GVWR over 6,000 pounds remain eligible if used predominantly for business purposes. A small‑business owner can now deduct the entire purchase price of a work truck in the first year, rather than depreciating over five years. With a $2.5 million cap, multiple vehicles or equipment purchases can be bundled into a single tax‑year transaction.
Dealer Takeaway: Tag qualifying business vehicles and train staff on first‑year write‑offs versus five‑year depreciation.
Any specific reason you want One Big Beautiful Deduction this year (with recapture in the future) vs annual lease payment write-offs?
Why (on Earth) are you considering buying a vehicle that’s likely to be both unreliable and capable of smoking gravity in terms of dropping faster than a rock in value?
If the answer to #1 above justifies a purchase, why not go with a Lexus that will be reliable and have decent resale value. Don’t forget to ask your CPA about recapture and if they believe it to be highly optional lol.
PS: Your chasing $7500 credit doesn’t seem to make sense: are you after the biggest deduction possible or trying to be a miser?
Am trying to maximize my deductions for this tax year
I agree with you, I’d have gone with a Lexus TX500h, but the wife prefers a luxury EV since she has a bit of drive. Still trying to assess and finalize. There aren’t any good choices in the 7 seater EVs at the moment, as far as I can tell - Lucid Gravity is too new plus company future is iffy, R1S has had a number of owner reported issues.. Model X is a little bit smaller.
Depreciation recapture is not optional, it is a real liability - I understand.
And nothing wrong for a very small sized business to try to chase the 7500 rebate as well, although as days pass by, it is becoming increasingly clear that Vistiq may not be right choice for us.
Might as well look into Ioniq 9 or it’s Kia cousin if EV 7 seater is that high on priority list. Of course, reliability is unknown for any of them, so brace for the worst. Same with expected resale values.
Another possibility is a very lightly used CPO EQS (unlimited mileage warranty plus an extra year) if you can find a 3 row one.
As far as recapture being optional - a lot of CPAs have been known to turn a blind eye and simply delete older sold cars either being lazy and/or trying to help clients. Definitely not a tax advice, just speaking from experience.
