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Selling: Grand Touring (Black/Mojave) - Late June Delivery
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DreamChaser
New Member
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- Jun 5, 2022
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- 6
Hoping on to say I am in the same boat as well.
DreamChaser
New Member
- Joined
- Jun 5, 2022
- Messages
- 6
Who claims 7500 tax credit? OP or the buyer? If I'm OP I just reduce the cost $7500 and claim myself. This is what lease companies are doing
Original buyer of car claims, which would be the OP. It's grey area for reselling car and may be disqualified depending on intent to resell. I think private reselling is ok just say no longer need but if actively buying for the purpose of reselling then could get disqualified. Some conversation here regarding selling cars https://forum.leasehackr.com/t/ev-federal-tax-credit-after-selling-car/387378/16
DreamChaser
New Member
- Joined
- Jun 5, 2022
- Messages
- 6
Grey or not, I know in atleast NJ the lease company keeps the credit and discounts the car, also car sale is tax free. So in my case Id have no problem just reselling at the OG MSRP and just keeping the credit
I would like to know that myself. There is no premium to be had right now in DFW.
Wow that is super cool. I Texas the Sales Tax is a killer because of the fallacy of No State Income tax. The Real Estate and Sales Tax here are high and there is Sales Tax on practically everything under the Sun except raw food.
Also it is my understanding that the 7500 it taken off the Tax Liability so it is like shielding 37,500$ of taxable income at 20% and more at the higher brackets, IMO.
DreamChaser
New Member
- Joined
- Jun 5, 2022
- Messages
- 6
NJ is tax free only for EVs. As for premium in the NJ/NYC tri-state area, minimum used is $170k+. As for confirmed sales either dealerships are delisting the cars or they are selling for that much. Ordered a Mach 1 HP V8 (I know I know) and this, Ford beat Lucid to delivery. Both have a $20k+ premium used. Hard to financially stomach keeping both. Have a lucid pure for the fiancé if they ever actually turn out to exist.
Not really, its a benefit for the original owner. It helps Lucid sell cars. Once the car has been sold it has accomplished its job. As long as the second owners knows they are not getting it I don't see the problem.
But if the original owner sold the car before year end are you saying they can still claim the 7500 credit? I wish there was a 20K+ premium on the GT in Texas. The other one has not sold in a month and they are only asking 178K which means the owner sold it for a lot less.
After seeing the flimsiness of the fan button I just realized how cheap those buttons on the dash look.
