Tax credit on dealer-to-dealer transferred (or bought) Mach-E

[voxel]

Hello from Central Florida!

I’ve got an oddball question because I’ve never read/encountered this situation before. I’ve been looking at Select AWDs in FL that supposedly have been bought from a dealer in NJ (shown in the Window sticker).

this is one of the cars

https://www.tropicalford.com/new/Ford/2021-Ford-Mustang+Mach-E-5aad526f0a0e09a82bc307b206d20405.htm

The digital Monroney sticker doesn’t have this info but I saw it in person because I asked why they marked up the car by $3500 over MSRP.

https://www.tropicalford.com/api/le...&dealerCode=04924&postalCode=32837&status=NEW

Should I run from this dealership? Could I claim the $7500 tax credit or has that been lost since ownership has been transferred already? Do I need to check the CarFax?

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[RickMachE]

Dealer trades happen all the time. They are not ownership changes in so far as a titled vehicle. They are simply trading inventory.

Our 2013 F-150 was traded from a dealer 150 miles away. Our 2018 Fusion Energi was traded from a dealer 400(?) miles away (or was it 500?)

When a dealer trades one of them could have to toss in money. I gave you a $50,000 vehicle, you gave me a $48,000 vehicle plus $2,000. They should have zero impact on sales price.

 

[ChasingCoral]

Hello from Central Florida!

I’ve got an oddball question because I’ve never read/encountered this situation before. I’ve been looking at Select AWDs in FL that supposedly have been bought from a dealer in NJ (shown in the Window sticker).

this is one of the cars

https://www.tropicalford.com/new/Ford/2021-Ford-Mustang+Mach-E-5aad526f0a0e09a82bc307b206d20405.htm

The digital Monroney sticker doesn’t have this info but I saw it in person because I asked why they marked up the car by $3500 over MSRP.

https://www.tropicalford.com/api/le...&dealerCode=04924&postalCode=32837&status=NEW

Should I run from this dealership? Could I claim the $7500 tax credit or has that been lost since ownership has been transferred already? Do I need to check the CarFax?

That doesn't matter. All that matters is if it was titled and will be sold as used rather than new.

 

[generaltso]

That car was originally at a dealer in Vermont. Florida is quite a distance for a dealer trade.

 

[RickMachE]

That car was originally at a dealer in Vermont. Florida is quite a distance for a dealer trade.

You have no idea if it made a stop, or stops, at other dealers.

Also, some dealers have vast networks.

 

[generaltso]

You have no idea if it made a stop, or stops, at other dealers.

Also, some dealers have vast networks.

Well, since I saw it at the dealer in Vermont, I kinda do know. This particular dealer is tiny, and doesn't have a vast network. This doesn't change anything, I just thought it was interesting that it was traded so far away.

 

[RickMachE]

Well, since I saw it at the dealer in Vermont, I kinda do know. This particular dealer is tiny, and doesn't have a vast network. This doesn't change anything, I just thought it was interesting that it was traded so far away.

Tiny dealer in VT is approached by Massachusetts dealer for a trade. They accept. Mass dealer has locations in NY, NJ, and Florida. Dots connected.

 

[generaltso]

Tiny dealer in VT is approached by Massachusetts dealer for a trade. They accept. Mass dealer has locations in NY, NJ, and Florida. Dots connected.

And I find that interesting. That's all.

 

[OON7]

It just matters if it was titled first. I would ask them if it was titled at all, if it was you won't get the $7,500. If it hasn't been titled you are good to go to claim on your tax return.

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