Possibly not able to use Tax Rebate - Should I still go through with the purchase?

[nvabill]

OP said:



With that logic, buying and reselling the car doesn't make sense to me -- even if one has different views than me on morals, ethics, or laws.

I find your post confusing at best and not sure where morals and ethics falls into it when you resell a relatively new vehicle with no damage or mechanical issues whatsoever to a willing purchaser.

Now as to the matter of law, I ask you again, define purchasing and selling immediately, what exactly is that particular timeframe as it is not articulated anywhere in the regulations for the tax credit.

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[macchiaz-o]

I find your post confusing at best and not sure where morals and ethics falls into it when you resell a relatively new vehicle with no damage or mechanical issues whatsoever to a willing purchaser.

I was reacting (and perhaps over-reacting) to your statement about keeping one's mouth shut about their true intent. It was probably a thought best kept to myself. Sorry.

Now as to the matter of law, I ask you again, define purchasing and selling immediately, what exactly is that particular timeframe as it is not articulated anywhere in the regulations for the tax credit.

It would be up to tax courts to decide, not you or me or this forum. My personal take is that the lawmakers' intentions were to prevent dealers and other professional sellers from flipping vehicles for credit-grabs. If those parties were able to engage in such practices, it would nullify the consumer's incentive to buy electrified vehicles, effectively slowing down efforts meant to reduce long-term energy consumption.

 

[RickMachE]

It is absolutely clear that if OP buys car with intent to resell, he cannot claim the tax credit. That would be tax fraud.

 

[nvabill]

I was reacting (and perhaps over-reacting) to your statement about keeping one's mouth shut about their true intent. It was probably a thought best kept to myself. Sorry.



It would be up to tax courts to decide, not you or me or this forum. My personal take is that the lawmakers' intentions were to prevent dealers and other professional sellers from flipping vehicles for credit-grabs. If those parties were able to engage in such practices, it would nullify the consumer's incentive to buy electrified vehicles, effectively slowing down efforts meant to reduce long-term energy consumption.

I'm not really trying to give you a hard time but just saying it's very hard to prove intent. I am buying one myself but since I could not test drive hardly at all before ordering it is virgin territory for me. As such, I plan to take delivery of the vehicle and take it from there as to how long I keep it.

 

[nvabill]

It is absolutely clear that if OP buys car with intent to resell, he cannot claim the tax credit. That would be tax fraud.

I agree 100% with that statement however there is no time limit as to how long you must keep the vehicle. One can literally take delivery of the vehicle and within a day decide this was a mistake and put it up for sale and still legally claim the tax credit. But, as you say if the OP does it it would definitely be tax fraud.

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