My Total Rebate pile (California Purchase)

[mburtsvt]

So the last check came in, (finally) for my rebates on my FE ....... Drum roll please..... (and , yes I did get my car at MSRP).

“Ford Options” rebate - $2500
X-Plan - $675
California Point of sale rebate - $1500
Fed Tax credit - $7500
California Clean Vehicle Rebate Project - $4500
Fed Tax Credit for home charger - $400

Total - $17,075

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[RickMachE]

You didn't get your car at MSRP, you got it at X-Plan. That's not a rebate, it's a price. $675 below MSRP seems low, I guess because your model is a lower price than my Premium, where X-Plan was $875 below.

Federal tax credits are also not rebates, they are non-refundable tax credits. You get nothing back.

 

[ARK]

So the last check came in, (finally) for my rebates on my FE ....... Drum roll please..... (and , yes I did get my car at MSRP).

“Ford Options” rebate - $2500
X-Plan - $675
California Point of sale rebate - $1500
Fed Tax credit - $7500
California Clean Vehicle Rebate Project - $4500
Fed Tax Credit for home charger - $400

Total - $17,075

How did you get $4,500 from the California Clean Vehicle Rebate Project, I thought it was $2,000 or $2,500 if meeting income threshold?

 

[timbop]

Federal tax credits are also not rebates, they are non-refundable tax credits. You get nothing back.

As long as he has a $7500 tax liability and payroll withholdings he indeed does "get something back": $7500 of his own withholdings when he files his taxes next year.

It's not a "rebate" but in the context if his post (and the above caveat) that is a distinction without a difference - especially since he WAS referring to the rebate checks he received and not the fed tax credit; he hasn't filed his 2021 taxes yet. He was ecstatic that he got a $17075 financial benefit for buying his Mach E in california.

No need to be a pedantic buzzkill

 

[phil]

So the last check came in, (finally) for my rebates on my FE ....... Drum roll please..... (and , yes I did get my car at MSRP).

“Ford Options” rebate - $2500
X-Plan - $675
California Point of sale rebate - $1500
Fed Tax credit - $7500
California Clean Vehicle Rebate Project - $4500
Fed Tax Credit for home charger - $400

Total - $17,075

That looks like about all of the rebates, credits and discounts. One more you could count - the subsidized interest rate on the Ford Options (if you got one).

 

[OnceYouGo]

Not as much... My CA benefits were average

California Point of sale rebate - $1500
Fed Tax credit - $7500
California Clean Vehicle Rebate Project - $2000
Carpool lane stickers - $0

Total discounts - $11,000

After taxes the car was just under $60,000

End of day net cost $49,000

(Premium RWD, ER)

 

[MachE1977]

How did you get $4,500 from the California Clean Vehicle Rebate Project, I thought it was $2,000 or $2,500 if meeting income threshold?

Its $4500 for lower income folks.

$17075 is a good chunk of change, I never knew you got that $7500 back from the IRS. Good Stuff.

 

[mburtsvt]

You didn't get your car at MSRP, you got it at X-Plan. That's not a rebate, it's a price. $675 below MSRP seems low, I guess because your model is a lower price than my Premium, where X-Plan was $875 below.

Federal tax credits are also not rebates, they are non-refundable tax credits. You get nothing back.

Think of it as not PAYING additional tax - so it's a rebate on my taxes.

 

[mburtsvt]

Its $4500 for lower income folks.

$17075 is a good chunk of change, I never knew you got that $7500 back from the IRS. Good Stuff.

Correct. I income qualified.

 

[mburtsvt]

How did you get $4,500 from the California Clean Vehicle Rebate Project, I thought it was $2,000 or $2,500 if meeting income threshold?

I think someone answered this...I'm income qualified. It's $4500.00

 

[MachE1977]

Think of it as not PAYING additional tax - so it's a rebate on my taxes.

But it's not $7500....correct? Ive had this argument with Tesla Folks for years.

 

[generaltso]

But it's not $7500....correct? Ive had this argument with Tesla Folks for years.

Why not? If you have at least $7500 of tax liability, it’s $7500. What is there to argue about?

 

[mburtsvt]

You didn't get your car at MSRP, you got it at X-Plan. That's not a rebate, it's a price. $675 below MSRP seems low, I guess because your model is a lower price than my Premium, where X-Plan was $875 below.

Federal tax credits are also not rebates, they are non-refundable tax credits. You get nothing back.

Wow...bitter much. You are right my FE was more, about $200 more - my bad). So I got an additional amount off because of x-plan - most do not. It counts. As far as tax credits - at the end of the day it's $7500 I don't have to pay - lets call it a rebate and go on with our lives.

 

[mburtsvt]

But it's not $7500....correct? Ive had this argument with Tesla Folks for years.

You know Tesla does not qualify for the tax credit - right? I have no idea what they have to debate about. It IS $7500 off of the amount I have to pay in taxes.

 

[mburtsvt]

That looks like about all of the rebates, credits and discounts. One more you could count - the subsidized interest rate on the Ford Options (if you got one).

It might be hard to quantify but you are right.

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