Thank You Ford.

[ChuckA]

If your Dealership has the VIN #, which I am sure they do, can't you "prepay" for the car even though it has not landed on the Dealership lot? You could get a bill of sale with that exact car (because it already has been built) and basically pick it up in January, that would be all that is needed to qualify for the tax credit. You technically own it at that point of sale. I would think the Dealership would have incentive to meet a year end quota as well.

I grew up on a Farm and my Dad did countless purchases with Farm Implement Dealerships and got the tractor, combine etc. delivered later in the following year and it was all "above ground" legal wise. Same goes for the fertilizer and seed corn purchases. He made many of these for tax purposes on December 31st. in many instances.

I am not sure a Car Dealership can do this but it would be worth asking. Rules might be different?

I can totally see not being able to do this if the car was still in Mexico, but if it sitting in a railyard, I would buy it sight unseen in this case.

It can't be this simple though I am sure.

Can’t register or title a car that is in transit. The dealer can’t sell a car he doesn’t yet own. Remember that the dealer is the purchaser. He then sells it to you.

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[DennisD]

I think the catch here is the IRS requires the vehicle to be "placed in service" before 12/31/22. From the IRS site: "Use Form 8936 to figure your credit for qualified plug-in
electric drive motor vehicles you placed in service during your tax year." Form 8936 Instructions

Unfortunately I don't think the legal definition of "placed in service" would really cover you for not taking delivery until 1/1/23 or after and claiming on 2022 taxes. Cornell University law library lists it as: "The term placed in service means the time that property is first placed by the taxpayer in a condition or state of readiness and availability for a specifically assigned function, whether for use in a trade or business, for the production of income, in a tax-exempt activity, or in a personal activity."

I asked my dealer about this since I was expecting to wait for the '23 I ordered instead of getting the '22 and was told they wouldn't do it for several reasons. It was something along the lines of if there's damage in transit or lost, if I changed my mind it's not as simple as a retail store return, and they couldn't promise I'd get the tax credit since I hadn't taken delivery yet since that was a requirement per IRS.

I'm not a lawyer or a tax preparer, I only have a degree in Accounting, so take this info as you will.

That makes sense. I figured it couldn't be that easy. ?

It is too bad that they couldn't have written in a clause that would have made a deposit (or promise to purchase) good for the year that one placed a deposit down. I really feel for those that will be receiving a car later (to no fault of theirs) after December and get a substantial reduction via their pocket book.

What is crazy is that some placed a deposit down in 2021 and may not get delivery until 2023. With the law changing along with supply chain issues, once again I would have thought that at the least those that placed a deposit down in 2021 should have been grandfathered with the tax credit as it currently stands or stood.

It would be like getting your car stuck on the train tracks and watching the train approaching and the people that would be helping you to push your car off the tracks decided to take a lunch break shortly before the train arrived. "Slow train wreck" is what many are going to go through come January 1st.

 

[BTRYPWRDPONY]

Meh, ordering in late August you should have expected the car to arrive in 2023. Having it arrive in less than 4 months is unusually fast. Most take 6-8 months (mine took 11 months).

Agreed! 10.5 months here.

 

[hopingforaponyin2022]

OP i feel your pain and i hope somehow you get i before 12/31.

However, you wont get much sympathy from people on here who ordered pre April 2022 and are still waiting!

 

[FordFamily]

Meh, ordering in late August you should have expected the car to arrive in 2023. Having it arrive in less than 4 months is unusually fast. Most take 6-8 months (mine took 11 months).

Yes, eleven months: November 2021 till October 2022.

 

[HGxxx]

I understand the OP frustration, ordered Jan of 2022, nothing from Ford until scheduled for production in October. So I would say they are somewhat better now??

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