Advertisement



Decided to cancelled Mach E for a Model Y

Badger_Prof

Well-Known Member
First Name
Randy
Joined
Jun 22, 2020
Messages
132
Reaction score
223
Location
Wisconsin
First Name
Randy
Vehicles
Prior--Nissan Leaf, Now--Bolt EV Premier, On order--Mustang Mach-E Premium AWD ER
Country flag
Note that you are paying tax in most states for the $7500, making it reduced to around $7K.
Not sure that is correct. It is not true in Wisconsin. How are states taxing a reduction in the amount of federal tax a person pays?
 
Joined
Jul 11, 2020
Messages
14
Reaction score
12
Location
California
Vehicles
Mustang Mach e
Country flag
Not sure that is correct. It is not true in Wisconsin. How are states taxing a reduction in the amount of federal tax a person pays?
It's a fed tax credit, not a deduction from the vehicle purchase price. You pay full price when you buy the car, at which point the tax for $7500 is collected. Next year you get $7500 tax credit back, but the tax on $7500 are not returned back.
 
Joined
Jul 11, 2020
Messages
14
Reaction score
12
Location
California
Vehicles
Mustang Mach e
Country flag
A comparison on the purchase cost between MY LR AWD and MME ER RWD, based on my prefered configuration.

MME ER RWD:
Base: $50000
ER: $5000
Infinite Blue: $400
White Interior: $0
Delivery: $1100
Homelink: $0
Total: $56500

MY LR AWD:
Base: $49900
Blue exterior: $1000
White interior: $1000
Delivery: $1200
Homelink: $300
Total: $53400

Now consider 2% discount on X-Plan and $275 doc fee, MME becomes $55667.
Difference between the two: +$2267
Assume 6% sales tax, $7500 Fed credit worths $7050.

Final: MME $48617 vs MY 53400, Diff: -$4783
 

Badger_Prof

Well-Known Member
First Name
Randy
Joined
Jun 22, 2020
Messages
132
Reaction score
223
Location
Wisconsin
First Name
Randy
Vehicles
Prior--Nissan Leaf, Now--Bolt EV Premier, On order--Mustang Mach-E Premium AWD ER
Country flag
It's a fed tax credit, not a deduction from the vehicle purchase price. You pay full price when you buy the car, at which point the tax for $7500 is collected. Next year you get $7500 tax credit back, but the tax on $7500 are not returned back.
I understand how the tax credit works but I misunderstood your point. Sorry about that. You are correct that sales tax (if there is a car sales tax in your state) is based on the selling price of the new car (minus the value of any trade in here in Wisconsin) and is unrelated to whether or not you get a federal tax credit. The tax credit is received in the tax year that the car is purchased, not the next year. If we get lucky and receive our MME before the end of 2020, the tax credit is against our 2020 federal taxes (I know those taxes would be filed in 2021 but the tax liability is reduced in 2020).
 

dbsb3233

Well-Known Member
First Name
Tim
Joined
Dec 30, 2019
Messages
2,704
Reaction score
2,263
Location
Colorado, USA
First Name
Tim
Vehicles
2013 Ford Escape
Occupation
Retired
Country flag
Not sure that is correct. It is not true in Wisconsin. How are states taxing a reduction in the amount of federal tax a person pays?
Yep. Income tax, both state and federal, is calculated on income. The income amount isn't changing. Nor are deductions. The $7500 federal tax credit just comes off the federal tax liability, and should have no effect on taxable income, and no effect on state income tax.
 

JCHLi

Well-Known Member
Joined
Jun 28, 2020
Messages
262
Reaction score
278
Location
Michigan
Vehicles
Honda
Country flag
The 49k Y is also extended range. So it seems to be similar to 50k MME after tax credit. How similar will be known after EPA range is released. Does the premium MME have the panoramic roof, can't remember. I think it does have heated seats. Not sure driver profiles will move steering wheel though.
Does the y have different range levels? Extended implies extended versus a normal version.


And yes, it has a panoramic roof, plus a fully attached bumper.
 
Last edited:

phil4791eng

New Member
First Name
Phillip
Joined
Aug 5, 2020
Messages
2
Reaction score
6
Location
Norman, OK
First Name
Phillip
Vehicles
Tesla Model Y
Occupation
Engineer
Country flag
Wish everyone well with the Mach E. Was able to test drive a Model Y today and it was really nice. Between proven OTA updates, 250kw charging, Supercharger network, and 300+ range, decided to go for it. I would love to also test drive a Mach E, but seems like that is not happening anytime soon. I'm sure the Mach E will be great, but for 50k I am nervous about all the "firsts" by ford. First OTA, first car on this new platform, first with this online sales model. I also think folks underestimate the dealers ability to service a new EV. My Volt was always problematic at the dealer, they would say, oh the EV guy is not here today, etc. They will only see a handful of these for quite some time and yours will be the one they learn on. Hopefully over a few years that will change. Good luck everyone!
I just cancelled my Mach e order and the dealer (Reynolds Ford - Norman, OK) wouldn’t refund any of my $500. They can do that but that Is the last dealer I will ever do business with. I’m now ordering a Model Y online.
 

Kamuelaflyer

Well-Known Member
First Name
Bill
Joined
Feb 18, 2020
Messages
480
Reaction score
655
Location
Kamuela, HI
First Name
Bill
Vehicles
Tacoma, jeep, mach e (coming), Ford Raptor
Occupation
airline pilot
Country flag
I just cancelled my Mach e order and the dealer (Reynolds Ford - Norman, OK) wouldn’t refund any of my $500. They can do that but that Is the last dealer I will ever do business with. I’m now ordering a Model Y online.
Good luck with the adventure and the new Model Y.
 

jhalkias

Well-Known Member
First Name
John
Joined
Mar 3, 2020
Messages
708
Reaction score
975
Location
Ohio
First Name
John
Vehicles
2016 Escape, 2019 Fusion Energi
Occupation
Benefit Fund Administrator
Country flag
I just cancelled my Mach e order and the dealer (Reynolds Ford - Norman, OK) wouldn’t refund any of my $500. They can do that but that Is the last dealer I will ever do business with. I’m now ordering a Model Y online.
Keep us posted here on what you think once you get the car. I know a lot here will be interested in impressions.
 

darren

Member
Joined
Jun 27, 2020
Messages
23
Reaction score
22
Location
California
Vehicles
Subaru Outback
Country flag
I just cancelled my Mach e order and the dealer (Reynolds Ford - Norman, OK) wouldn’t refund any of my $500. They can do that but that Is the last dealer I will ever do business with. I’m now ordering a Model Y online.
Greedy dealers. It doesn’t cost them anything. That is an advantage that Tesla has because they bypass dealers. Tesla deposit is also non-refundable but the cost is only $100. Enjoy your new ride, I heard the wait is only a few days.
 

eager2own

Well-Known Member
Joined
Dec 16, 2019
Messages
638
Reaction score
775
Location
Southlake, TX
Vehicles
2015 Porsche Panamera S e-Hybrid
Country flag
I saw a red Model Y yesterday and, after being struck by how good it looks in person, immediately had to run through the numbers again as soon as I got home.
I’m still going to hold off on pulling the trigger until I see the updated info on the GT with Performance option and, in particular, the pricing for that Performance option, the glass roof and the other optional equipment on the GT. Hopefully, that info is available before orders open for the GT in Dec.
And hopefully, the total price tag doesn’t escalate out of control and I can patiently wait until this time next year. If the price stops making sense, I won’t be disappointed if I have to “settle” for an MY.
 

dbsb3233

Well-Known Member
First Name
Tim
Joined
Dec 30, 2019
Messages
2,704
Reaction score
2,263
Location
Colorado, USA
First Name
Tim
Vehicles
2013 Ford Escape
Occupation
Retired
Country flag
I just cancelled my Mach e order and the dealer (Reynolds Ford - Norman, OK) wouldn’t refund any of my $500. They can do that but that Is the last dealer I will ever do business with. I’m now ordering a Model Y online.
Curious why you cancelled? If you got as far as giving the dealer a deposit, you must have actually placed an order with the dealer (not just the early reservation deposit with Ford).
 

ChasingCoral

Well-Known Member
First Name
Mark
Joined
Feb 3, 2020
Messages
2,059
Reaction score
2,578
Location
Maryland
First Name
Mark
Vehicles
Mach-E FE reserved, Nissan Leaf, Toyota Tacoma
Country flag
I just cancelled my Mach e order and the dealer (Reynolds Ford - Norman, OK) wouldn’t refund any of my $500. They can do that but that Is the last dealer I will ever do business with. I’m now ordering a Model Y online.
Hmmm. Real or troll? @phil4791eng joined today to tell us this.
 

macchiaz-o

Well-Known Member
Joined
Nov 25, 2019
Messages
1,250
Reaction score
1,962
Location
Valley of the Sun
Vehicles
Fiesta » '21 InfB/SG
Country flag
Hmmm. Real or troll? @phil4791eng joined today to tell us this.
I give him the benefit of the doubt -- real for now. Just would like to know more details such as whether he contacted the dealer about deposits before ordering, and reasons for cancelling.
 
Last edited:

ajmartineau

Well-Known Member
First Name
Arthur
Joined
Jun 23, 2020
Messages
275
Reaction score
330
Location
Renton,Wa
First Name
Arthur
Vehicles
2020 Bolt, 2015 B250e
Occupation
Teacher
Country flag
He could have picked up the car and flipped it for a profit.
 



 










Advertisement


Top