California GTPE No Longer for Sale!

[MrClean]

Deleted. Thanks for the heads up, guys. The margins would have been very small anyway and probably not worth the hassle. There’s something that irks me about knowing the dealer will immediately bump the price by probably $6-8k, but not enough to risk eating $7500.

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[KAustin]

You may have to own the car for a certain length of time to get the tax credit.

 

[MrClean]

Thanks for the heads up - I will look into that.

 

[GoGoGadgetMachE]

Correct. The IRS explicitly states that the tax credit is not available if the vehicle is purchased for resale eg https://www.macheforum.com/site/threads/us-federal-ev-tax-credit-things-to-know.972/post-304910

In that case the credit ends up lost, basically, because you can't claim it since you bought it for resale, and the second purchaser can't claim it because they aren't the first purchaser.

 

[generaltso]

You may have to own the car for a certain length of time to get the tax credit.

There is no minimum length of time it needs to be owned. But it can't be purchased for the purpose of reselling it. And now that the OP has documented his intent on the Internet, it's probably not a good idea to try.

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