$7500 tax credit? No one on CB is eligible for that. Work your #s

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Mar 27, 2024
1:39:08pm

kotacoug All-American

$7500 tax credit? No one on CB is eligible for that. Work your #s

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kotacoug

Bio page: kotacoug
Joined: Jul 20, 2002
Last login: May 20, 2024
Total posts: 80,807 (4,694 FO)

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Messages

Author

Time

Here's my experience of Gas vs Electricity cost for my Car

Malacis

Mar 27, 1:20pm

how does insurance compare on tesla to ICE car? any difference?

claw

Mar 27, 1:22pm

Tesla has great safety features that help insurance. But the repair cost and

JAGA97

Mar 27, 1:25pm

So what your saying is that you lost money compared to buying a used 2012 Camry

Longseason

Mar 27, 1:26pm

Yes, a 12 year old Camry would be cheaper. But not super comparable

Malacis

Mar 27, 1:28pm

Is the tax credit absolute or only reduce taxes owed?

Florwood

Mar 27, 1:29pm

It is a non refundable credit. Only applies to tax you would owe. Same for solar

JAGA97

Mar 27, 1:30pm

No, I think leasing the car is the loophole to get around this and income limits

Malacis

Mar 27, 1:36pm

Wasn't aware you were leasing. The credit is given to the finance company

JAGA97

Mar 27, 1:42pm

Awesome huh. I own mine, but just for the original scenario posted for someone

Malacis

Mar 27, 1:45pm

The bigger point, more cars are eligible if you lease the car

Mar 27, 1:45pm

Maybe... It's definitely of note for those who don't have

Malacis

Mar 27, 1:48pm

There is a leasing loophole (Hello Lucid's 18 month lease plans)

Zoobieman

Mar 27, 1:57pm

Well... it's twice the price. And they lose 200k+ per car sold. I hope they at

Malacis

Mar 27, 2:01pm

When you say twice the price, I assume you are comparing to M3/MY

Zoobieman

Mar 27, 2:09pm

Should be instead compared to Tesla price equivalents. Is lucid Air light years

Malacis

Mar 27, 2:17pm

You're the one that said "Twice the Price" referring to M3/MY

Zoobieman

Mar 27, 2:32pm

I think the best in the same price range is the Hyundai Ioniq 5 and 6/Kia EV6

Mar 27, 2:48pm

Not true on the auto credit any longer

Mar 27, 1:41pm

Your post indicates it is still a non refundable credit.

JAGA97

Mar 27, 1:44pm

The link specifies it:

Mar 27, 1:48pm

Edmunds link about EV Lease Tax Credit loophole

Malacis

Mar 27, 1:57pm

Where are you finding this $386 payment?

Plato

Mar 27, 1:38pm

RE: Where are you finding this $386 payment?

Malacis

Mar 27, 1:43pm

$7500 tax credit? No one on CB is eligible for that. Work your #s

kotacoug

Mar 27, 1:39pm

By leasing, both too low of income to utilize it and too high of income to quali

Malacis

Mar 27, 1:40pm

Wait. I thought CarolinaCoug was blind. He's driving?

Mar 27, 1:41pm

Man my home electricity costs almost 4x what yours is.

JuicyJam

Mar 27, 1:54pm

Do you live in Hawaii?

Malacis

Mar 27, 1:56pm

Bay area. My most recent bill was $0.48-0.51/kWh

JuicyJam

Mar 27, 1:59pm

Wow.

Malacis

Mar 27, 2:06pm

I bought my car 4yrs ago for 11k worth 8k now so that's $62.50 +$130 = 192.50/mo

ochobeeguy

Mar 27, 2:01pm

Dont forget the savings on no scheduled service.

CAPX

Mar 27, 2:05pm

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