Search results

September 20,2021 Red Tahoe

Is 60 cars per day, or 50 or 40, based on a five or seven day work week?

I suppose that there is an argument that since the deposit did not meet the IRS definition of a Binding Contract, the contract is not binding so the deposit should be returned if the order is canceled.

Lucid’s “binding contract” will not be accepted by IRS. IRS expects a non-refundable deposit of 5% of the purchase price to qualify. So now the only way to get the credit for a Lucid is to take delivery before the end of the year. What Is a Written Binding Contract? In general, a written...

The Act defines the placed in service date under the Transaction Rule as the day before the enactment of the Act, likely early next week. As I read this, it means that you would have to file for the rebate in your 2022 return which means you would have to have a VIN by April 2023. The issue is...

The leather in the Touring is not Nappa.

I dropped by the San Diego showroom yesterday. They suggested that my September Touring reservation would not be delivered until Spring 2023. Bad news for both my delivery and LCID position. Over promise, under deliver.