Damn. Even in the early days (2014), Tesla had their trade-in program. How did people take advantage of the tax credit then?
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Lucid Gravity Reservation Tracker: Add Your Gravity Reservation
Gravity Dream Edition in Miami
- Thread starter Udon1122
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If you mean the federal EV tax credit, it did not affect it. I traded an Audi R8 on our first Tesla and got the full tax credit.
If you mean the state sales tax credit (for those states that have it), it requires a trade-in to get that credit.
Yeah, I was referring to the local sales tax credit. My trade-in saved me at least $4,500 here in Florida. I’m just amazed that Lucid didn’t have such a program until recently.
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We were going to trade our Tesla against a Gravity but lucked out. A tennis league acquaintance who knew the car and how we maintain it wanted it enough to pay the trade-in quote from KBB plus the sales tax credit we lost out on by a private sale. The money was a wash, but we were saved the trouble of the trade appraisal and paperwork, plus we were assured of getting the car off our hands before the 4-year phase of the warranty expired.
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Good to know. I hate having to sell cars on my own (the hassle, time, etc), so I usually trade mine in (it's worth the haircut you take on the value, IMHO, to not have to waste time selling one privately).
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What was your config, what did you trade in, miles? Kind of give us a clue where trade in values lie.
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They're giving you $76k for a Cybertruck? That's wild!
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Yeah, pretty low, but at least it saves me $4,500 in sales tax, so I’m ok with it.
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I actually meant it the other way around -- I thought CTs were going for fire sale prices, so I'm impressed they paid that much.
KBB used to offer me $80K two months ago, lol. The MSRP I paid is $120K. So yeah, it's still a hit in my book after only 5,000 miles.
