Talk me into the Mach-E

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J5hort

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It is based on your total tax liability for the year. It does not matter how much you did or did not have withheld (or pre paid for self employment purposes). The $7500 is the max credit value you are allowed, so if your tax liability is only $6000, you get credit for up to $6000. I have already done this before when I bought my Tesla. When I did my taxes for 2018, without the tax credit, my tax liability was around $300 more than what I had withheld and I would have paid that additional amount when filing the taxes. With the credit, and my liability over $7500, I was able to get a refund for around $7200 using the full tax credit amount.
Interesting. I will have to run this by accountant, pretty sure my tax liability is over 7500.
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I think we are off course and missing performance comparision between my top 3. Is the MME Select HP 266 vs Polstar and Volvo XC40 400+ a concern to anyone?
I would hazard that the travel time from Daytona to Tampa in my 2wd Select will be the same as a 400hp Volvo.

Also, if a person pays cash those bells and whistles really do not seem to be worth $10k to $20k out of ones savings.

Imagine if that $10k was invested in F stock a year ago.
 

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Interesting. I will have to run this by accountant, pretty sure my tax liability is over 7500.
Are you able to take advantage of the X-Plan or any other plans that Ford offers? I recently purchased my MME here in MA and can recommend a dealer and sales person if you are looking for someone that has learned the ins and outs of the Ford Options program after working with me.
 
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J5hort

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Travel Time vs accelleration. 2 different things. We are used to a 420HP Jaguar. Just don't want to be disappointed. Torque seems to come into play and as I remember from the test drive ther MME had some.

AWD is a requirement here in New England.

You saw my cost numbers for a 36mo lease/Ford Option. The Polstar actually comes in as the least expensive.

Really want the MME numbers to work for us. I think I (we) would be happy with any one of them. Goal is to join EV revolution and get close what we like about what we drive now.
 
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J5hort

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Are you able to take advantage of the X-Plan or any other plans that Ford offers? I recently purchased my MME here in MA and can recommend a dealer and sales person if you are looking for someone that has learned the ins and outs of the Ford Options program after working with me.

I don't think so, I am a long-term Ford customer. I test drove at Sarat in Agawam, but live in Southeastern, MA. Contacted local dealer, but was turned off when I heard the $5000 up charge. What town is your recommendation in?
 


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Only if you pay taxes at end of year according to my accountant. So if you get a refund it is useless. I was under the impression it was deducted from your tax liability.
And it is not dollar for dollar. So, if you pay 1000 at end of year you do not get the remaining $6500, just the 1000. This would have worked for me in 2020, but not this year.
That is absolutely incorrect. It does reduce your tax liability and has nothing to do with how much your withholdings were. Now if your tax liability is only $1000 then of course you "lose" the $6500. However, if your computed tax liability is $7500 or more then you get the full $7500 benefit.

Either you misunderstood your accountant or you need to talk to a different accountant
 
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J5hort

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That is absolutely incorrect. It does reduce your tax liability and has nothing to do with how much your withholdings were. Now if your tax liability is only $1000 then of course you "lose" the $6500. However, if your computed tax liability is $7500 or more then you get the full $7500 benefit.

Either you misunderstood your accountant or you need to talk to a different accountant
Looking into it. Was done in txt so he may have misunderstood me. It is good to hear, as I was using the 7500 to offset the monthly payment of the Ford Option. It gets it closer to the Polstar (confirmed that the 7500 is passed on to customer for leasing company) and the quote shows that. I don't think the XC40 lease accounts for it, but I'm awaiting numbers from Volvo contact.
 

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I don't think so, I am a long-term Ford customer. I test drove at Sarat in Agawam, but live in Southeastern, MA. Contacted local dealer, but was turned off when I heard the $5000 up charge. What town is your recommendation in?
You can get access to the X-Plan by joining the Mustang Club of America- I qualified by way of my employer. Dealership is in Plymouth. They show ADM on their pricing but honored my X-Plan as well as the Ford Options incentive that was available at the time.
 

evmass

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I don't think so, I am a long-term Ford customer. I test drove at Sarat in Agawam, but live in Southeastern, MA. Contacted local dealer, but was turned off when I heard the $5000 up charge. What town is your recommendation in?
Tasca Ford in RI also doesn't seem to charge ADM and has quite a few MME's on their lot.
 

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How can people here afford a 50-70K car and not have a tax liability of at least $7500?
 
 




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